News
Important Only
CORRECTED-Exco Technologies Q4 sales fall, withdraws fiscal 2026 revenue target
OverviewExco fiscal Q4 sales slightly beat analyst expectations at CAD 150.7 mlnNet income for Q4 rises to CAD 8.2 mln, EPS stable at CAD 0.22Company navigated industry headwinds, confident in future growthOutlookExco withdrew fiscal 2026 revenue, EBITDA, and EPS targets due to tariff uncertaintiesC...Reuters
Wed, Nov 26
EUR/USD edges toward 1.16 as falling claims fail to shake dovish mood
The EUR/USD registers back-to-back bullish days boosted by speculation that the Federal Reserve might cut rates at the December meeting, following the release of a strong jobs report. At the time of writing, the pair trades at 1.1595, up 0.22% after bouncing off daily lows of 1.1547.
Fxstreet
Wed, Nov 26
Big investors welcome more headroom in UK budget, fret over long-term uncertainties
Vanguard bought gilts after budgetUK government bonds, pound rallyInvestors warn backloaded tax hikes are riskyBy Yoruk Bahceli, Dhara Ranasinghe and Nell Mackenzie LONDON, Nov 26 (Reuters) - Big investors on Wednesday broadly welcomed British finance minister Rachel Reeves' tax-raising budge...Reuters
Wed, Nov 26
FOREX-Yen dips as rate hike talk fades; sterling lifted by UK budget
BOJ eyes rate hike as soon as next month, sources sayInvestors welcome UK budget Traders anticipate December Fed cut, eye new Fed chairNew Zealand dollar surges on hawkish RBNZ tiltBy Gertrude Chavez-Dreyfuss NEW YORK, Nov 26 (Reuters) - The yen weakened against the dollar on Wednesday, after...Reuters
Wed, Nov 26
Turkey central bank to adjust policy to hit target despite disinflation slowdown, chief says
ISTANBUL, Nov 26 (Reuters) - Turkey's central bank will adjust policy to hit its targets despite a recent slowdown in the disinflation process, Governor Fatih Karahan said on Wednesday. In an interview broadcast by the bank with journalists and an economist, Karahan likened inflation to a virus,...Reuters
Wed, Nov 26
FX Today: Attention shifts to the euro docket on Thanksgiving Day holiday
The US Dollar (USD) remained on the back foot on Wednesday despite auspicious US data releases ahead of the Thanksgiving Day holiday. Meanwhile, investors continued to see the Federal Reserve delivering another rate cut in December.Fxstreet
Wed, Nov 26
UK's Reeves raises tax burden to post-war high to shore up finances
Reeves raises taxes to stay on track for borrowing targetTax burden hits fresh highBudget watchdog says Reeves has more margin to meet planGrowth outlook lowered on weaker productivity viewUK government's borrowing costs fall in bond marketBy Andy Bruce and David Milliken LONDON, Nov 26 (Reut...Reuters
Wed, Nov 26
CANADA FX DEBT-Canadian dollar notches a six-day high as Fed rate cut bets climb
Canadian dollar gains 0.3% against the greenbackTouches its strongest since November 20 at 1.4048Price of oil increases 0.6%10-year yield eases 1.5 basis pointsBy Fergal Smith TORONTO, Nov 26 (Reuters) - The Canadian dollar strengthened to a near one-week high against its U.S. counterpart on Wedn...Reuters
Wed, Nov 26
Key measures in the budget proposed by UK finance minister Reeves
LONDON, Nov 26 (Reuters) - British finance minister Rachel Reeves delivered her budget statement to parliament on Wednesday, taking more tax from workers, people saving for a pension and investors to give herself more room to meet her borrowing targets.Reeves' speech came after the Office for Bu...Reuters
Wed, Nov 26
S&P cuts Tether stablecoin rating to 'weak' on disclosure gaps
S&P Global Ratings downgrades Tether to '5 (weak)'Tether says it disagrees with S&P reportS&P says Tether has raised holdings of bitcoin, gold By Elizabeth Howcroft PARIS, Nov 26 (Reuters) - S&P Global downgraded its rating of Tether, the world's largest stablecoin on ...Reuters
Wed, Nov 26
Britain eases opposition to new oil, gas permits, holds firm on taxes
Oil, gas industry had hoped for end to windfall tax before 2030Labour government had pledged no new oil, gas licencesBy Shadia Nasralla, Muvija M and Stephanie Kelly LONDON, Nov 26 (Reuters) - Britain will allow some new oil and gas production on or near existing fields, the government said on We...Reuters
Wed, Nov 26
EUR/JPY rises on geopolitical optimism, ECB's cautious optimism
EUR/JPY trades higher on Wednesday around 181.30, up 0.40% at the time of writing. The cross benefits from improving risk sentiment as investors closely track political statements hinting at potential progress toward a peace agreement between Russia and Ukraine.
Fxstreet
Wed, Nov 26
Brokers turn more bullish towards gilts, pound after UK budget
LONDON, Nov 26 (Reuters) - Some brokers shifted their trade recommendations in favour of British government bonds and the pound on Wednesday, after the country's finance minister Rachel Reeves announced a big tax raising budget . Nomura said it had closed its recommendation to buy t...Reuters
Wed, Nov 26
FOREX-Yen dips despite rate hike talk; sterling lifted by UK budget
BOJ eyes rate hike as soon as next month - sourcesInvestors welcome UK budget Traders anticipate December Fed cut, eye new Fed chairNew Zealand dollar surges on hawkish RBNZ tiltBy Ozan Ergenay and Gertrude Chavez-Dreyfuss LONDON/NEW YORK, Nov 26 (Reuters) - The Japanese yen slid against the dol...Reuters
Wed, Nov 26
JPMorgan's Dimon says UK budget should be welcomed by market
LONDON, Nov 26 (Reuters) - JPMorgan chairman and chief executive Jamie Dimon said on Wednesday British finance minister Rachel Reeves' focus on measures to foster growth in her budget was the only way to "lift up everyone."Dimon, in rare remarks on the day of a national budget, said the ...Reuters
Wed, Nov 26
IMF reclassifies India's FX regime as 'crawl-like' from 'stabilised'
By Jaspreet KalraMUMBAI, Nov 26 (Reuters) - The IMF on Wednesday reclassified India's "de facto" exchange rate regime as a "crawl-like arrangement", two years after branding it "stabilised". The move follows an IMF review earlier this year and could influence how global i...Reuters
Wed, Nov 26
Vanguard's head of international rates added to position favoring gilts after UK budget
LONDON, Nov 26 (Reuters) - Vanguard's head of international rates told Reuters he added to a position favouring long-dated British government bonds on Wednesday following a highly-anticipated budget.British finance minister Rachel Reeves delivered a budget that will raise taxes to double her mar...Reuters
Wed, Nov 26
CORRECTED-Sterling edges up; pre-budget jitters stoke volatility
By Ozan Ergenay London, Nov 25 (Reuters) - Sterling headed for a fourth daily rise on Tuesday, while traders piled into the options market seeking protection against heightened volatility in light of Britain's upcoming budget announcement. The pound, which is heading for a 4.8% gain this yea...Reuters
Wed, Nov 26
