News
Important Only
Bank of Israel cuts key rate by 25 bps after Gaza ceasefire
JERUSALEM, Nov 24 (Reuters) - The Bank of Israel lowered short-term interest rates by a quarter-point on Monday, its first reduction in nearly two years, as a ceasefire in Gaza led to easing inflation and reduced geopolitical risk.The cut in the benchmark rate ILINR=ECI to 4.25% from 4.5%, widely ex...Reuters
Mon, Nov 24
IMF says Poland must prioritise curbing increase in debt
WARSAW, Nov 24 (Reuters) - Poland must prioritise curbing the rapid increase in its public debt, the International Monetary Fund said on Monday, adding that it sees rising fiscal vulnerabilities over the medium term.Strong growth in central Europe's largest economy, driven by wage gains and loos...Reuters
Mon, Nov 24
FOREX-Yen worst performer against dollar as traders watch for intervention signs
Yen intervention possible in holiday-thinned weekUK budget, RBNZ in focusMoves in euro muted as traders ponder Ukraine peace plan By Ozan Ergenay and Tom Westbrook LONDON/SINGAPORE, Nov 24 (Reuters) - The yen was the worst performer against an otherwise weaker dollar on Monday, as investors wat...Reuters
Mon, Nov 24
AUD/USD: Likely to range-trade between 0.6440 and 0.6480 – UOB Group
Australian Dollar (AUD) is likely to range-trade between 0.6440 and 0.6480. In the longer run, the price action suggests there is scope for AUD to test 0.6405, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Mon, Nov 24
USD/JPY bounces up and nears 157.00 with BoJ intervention looming
The US Dollar retraces some of Friday’s losses and trades at 155.85 in the European midday, up from Friday’s low at 156.20. The positive risk sentiment and ongoing concerns about Japanese PM Takaichi’s expansive policies keep weighing on the Yen, which has depreciated about 7% since early October.Fxstreet
Mon, Nov 24
JPY near lows as intervention risks rise – MUFG
The Japanese Yen (JPY) has continued to trade close to recent lows at the start of the week after USD/JPY hit a high last week of 157.89. The pair has risen by around 10 big figures since Sanae Takaichi won the LDP leadership election.Fxstreet
Mon, Nov 24
RPT-ROI-Japan fiscal experiment is lab test for Treasuries: Mike Dolan
By Mike Dolan LONDON, Nov 24 (Reuters) - Much has been made of whether Japan's market fright at yet more fiscal stimulus and political leaning on the central bank apes Britain's bond blowout from 2022, but there are warnings for the U.S. Treasury too. In an unusual and alarming patte...Reuters
Mon, Nov 24
Pound steady as markets await Britain's budget
By Ozan Ergenay LONDON, Nov 24 (Reuters) - The pound held steady against the dollar on Monday, with investors cautious about the currency ahead of Britain's budget announcement this week.Finance Minister Rachel Reeves will announce her long-awaited budget on Wednesday, seeking to reassure in...Reuters
Mon, Nov 24
EUR/JPY advances on Yen weakness driven by fiscal risks, low rate outlook
EUR/JPY trades around 180.70, up 0.35% on Monday at the time of writing. The cross benefits from renewed selling pressure on the Japanese Yen (JPY), weakened by persistent concerns over Japan’s fiscal trajectory and doubts over an imminent rate hike by the Bank of Japan (BoJ).
Fxstreet
Mon, Nov 24
EMERGING MARKETS-EM assets rebound on Ukraine peace deal hopes, rising US rate-cut bets
MSCI global EM FX up 0.1%, stocks gain 0.5%Markets rebound after last week's sell-off Ukraine bonds rally on prospects of peace deal Israel rate decision in focus By Purvi Agarwal Nov 24 (Reuters) - stMost emerging market stocks and currencies staged a recovery on Monday due to increasing exp...Reuters
Mon, Nov 24
EUR: Lower energy costs lift euro’s terms of trade to yearly high – ING
European natural gas prices have fallen below EUR 30/MWh for the first time since May, boosting Europe’s terms of trade and offering relief to its struggling manufacturing sector, ING's FX analyst Chris Turner notes.Fxstreet
Mon, Nov 24
FOREX-Weak yen fuels intervention risk; dollar sags as traders bet on Fed cuts
Yen intervention possible in holiday-thinned weekUK budget, RBNZ in focusMoves in euro muted as traders ponder Ukraine peace plan By Ozan Ergenay and Tom Westbrook LONDON/SINGAPORE, Nov 24 (Reuters) - The yen was the worst performer against an otherwise weaker dollar on Monday, as investors...Reuters
Mon, Nov 24
