News
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TIMELINE-Senegal's hidden debt crisis and attempts to resolve it
DAKAR, Nov 25 (Reuters) - Senegal's finances have been thrown into crisis with the discovery last year of billions of dollars in debt hidden under the previous administration. Following is a timeline of how the West African country's debt woes unfolded and efforts to address them: ...Reuters
Tue, Nov 25
JPY leads G10 as BoJ hike bets reignite – Scotiabank
The Japanese Yen (JPY) is outperforming all G10 currencies as markets revive expectations of a December BoJ rate hike, driven by domestic pressures and growing calls to tackle inflation, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Tue, Nov 25
GBP edges higher ahead of UK budget – Scotiabank
The Pound Sterling (GBP) is slightly stronger as traders await Wednesday’s UK budget, with much pessimism already priced in and rising odds of a near-term relief rally, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Tue, Nov 25
Nigeria's central bank holds key rate, wants inflation to fall further
Monetary Policy Rate stays at 27%Economists had predicted another rate cutAnalysts say lower deposit rate signals confidenceBank wants to see inflation fall to single digitsBy Elisha Bala-Gbogbo and Chijioke Ohuocha ABUJA, Nov 25 (Reuters) - Nigeria's central bank left its main interest rate ...Reuters
Tue, Nov 25
EUR/USD climbs to five-day highs as soft US data pressures the Dollar
The Euro (EUR) strengthens against the US Dollar (USD) on Tuesday as the Greenback retreats after a batch of softer-than-expected US economic data weighed on sentiment, helping the Euro stage a sharp rebound to five-day highs.
Fxstreet
Tue, Nov 25
EUR consolidates in lower 1.15s – Scotiabank
The Euro (EUR) is entering Tuesday’s NA session with a modest 0.1% gain as it continues to trade within a tight consolidation range just above last week’s low around 1.15, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Tue, Nov 25
FOREX-US dollar extends fall after retail sales, producer prices data
NEW YORK, Nov 25 (Reuters) - The dollar moderately extended losses vs the yen and euro on Tuesday, after data showed U.S. retail sales rose less than expected in September, suggesting that the economy was slowing down and supporting market expectations of a rate cut next month.U.S. producer prices, ...Reuters
Tue, Nov 25
FOREX-Dollar slides as US rate cuts back in focus, yen vigil continues
Rate-cut wagers ramp up after dovish comments from policymakersDollar wobbles but holds ground on shifting expectations Yen locked in on intervention zone, traders keep wary eyes By Ozan Ergenay and Ankur Banerjee SINGAPORE/LONDON, Nov 25 (Reuters) - The U.S. dollar fell on Tuesday, as investors...Reuters
Tue, Nov 25
Brazil's foreign direct investment through October surpasses 2024 total
By Marcela AyresBRASILIA, Nov 25 (Reuters) - Brazil's foreign direct investment inflows through October have already surpassed last year's total, central bank data showed on Tuesday, as the government expects FDI to reach a record high this year. The improvement in FDI, considered a highe...Reuters
Tue, Nov 25
Brazil posts wider-than-expected current account deficit in October
BRASILIA, Nov 25 (Reuters) - Brazil's current account deficit reached $5.121 billion in October, central bank data showed on Tuesday, wider than the $4.8 billion expected by economists polled by Reuters.The country attracted $10.937 billion in foreign direct investment (FDI) for the month, beati...Reuters
Tue, Nov 25
RPT-ROI-Has gold been Tethered?: Mike Dolan
By Mike Dolan LONDON, Nov 25 (Reuters) - For investors buying gold as a bastion of stability, it should give pause that one of bullion's biggest buyers in recent months is a lynchpin of the hyper-speculative world of crypto.The narrative around gold's record-breaking surge - up a whopping...Reuters
Tue, Nov 25
When is the US Retail Sales data and how could it affect EUR/USD?
With the US Government open again after a 43-day shutdown, federal agencies are scrambling through a backlog of data to deliver a stream of delayed macroeconomic releases. The focus today is on September’s US Retail Sales report.Fxstreet
Tue, Nov 25
