News
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Bessent defends US aid to Argentina, says Milei needed bridge going into election
WASHINGTON, Oct 30 (Reuters) - Treasury Secretary Scott Bessent defended U.S. aid to Argentina on Thursday, saying the country's president, an ally of U.S. President Donald Trump, needed a bridge going into the election. Argentina needed help after a legacy of financial mismanagement, Bessen...Reuters
Thu, Oct 30
USD/CHF gains as Fed signals slower easing, US-China trade relations improve
USD/CHF trades higher around 0.8000 on Thursday, up 0.20% for the day. The US Dollar (USD) finds support after the Federal Reserve (Fed) delivered a widely expected 25 basis-point rate cut to a range of 3.75%–4.00%, while signaling a slower pace of future easing.
Fxstreet
Thu, Oct 30
USD/JPY soars to near 154.00 as Japanese Yen plunges after BoJ’s policy announcement
The USD/JPY pair trades 0.8% higher to near 154.00 during the European trading session on Thursday. The pair strengthens as the Japanese Yen (JPY) underperforms across the board following the Bank of Japan (BoJ) monetary policy announcement earlier in the day.
Fxstreet
Thu, Oct 30
LKQ Q3 revenue misses estimates
OverviewLKQ Q3 revenue rose 1.3% yr/yr but missed analyst expectationsAdjusted EPS for Q3 beats consensus, reflecting strong operational performanceCompany divested Self Service segment, returning $118 mln to shareholdersOutlookLKQ raises full-year 2025 adjusted EPS guidance to $3.00-$3.15Company na...Reuters
Thu, Oct 30
EUR/USD rebounds above 1.1600 after Fed-driven dip – BBH
EUR/USD retraced earlier losses to trade above 1.1600 ahead of the ECB meeting, where the policy rate is widely expected to remain at 2.00%. Strong Q3 GDP growth and stable inflation reinforce the view that the bar for further easing is high, keeping the euro supported, BBH FX analysts report.
Fxstreet
Thu, Oct 30
ROI-Bessent shows US will balk at any dollar rebound: Mike Dolan
By Mike Dolan LONDON, Oct 30 (Reuters) - For anyone betting on a U.S. dollar rebound, your biggest barrier is in Washington - and not just at the Federal Reserve.Treasury Secretary Scott Bessent this week publicly prodded the Bank of Japan to keep raising interest rates, an extraordinary interven...Reuters
Thu, Oct 30
NZD/USD appears to have entered a 0.5750/0.5790 sideways-trading phase – UOB Group
New Zealand Dollar (NZD) appears to have entered a 0.5750/0.5790 sideways-trading phase. In the longer run, NZD is expected to trade in a range between 0.5730 and 0.5805, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Oct 30
Columbus McKinnon Q2 sales up 8%, beat estimates
OverviewColumbus McKinnon fiscal Q2 sales grow 8%, beating analyst expectationsAdjusted EPS for fiscal Q2 beats consensus, reflecting strong operational performanceCompany reaffirms fiscal 2026 guidance, preparing for Kito Crosby acquisitionOutlookCompany reaffirms FY26 adjusted EPS guidance to be f...Reuters
Thu, Oct 30
EUR/GBP hits two-year high as Eurozone GDP surprises, Pound under pressure
The EUR/GBP pair trades around 0.8810 on Thursday at the time of writing, up 0.20% on the day and hovering near its highest level in more than two years, as traders brace for the European Central Bank (ECB) monetary policy announcement later in the day.
Fxstreet
Thu, Oct 30
Avolta CFO: FX Impact Is Limited And We Can Handle It
Oct 30 (Reuters) - AVOLTA AG AVOL.S:AVOLTA CFO ON FX: FX IMPACT IS LIMITED AND WE CAN HANDLE IT, SOURCING OF OUR MERCHANDISE IS DONE IN SAME CURRENCY AS WE HAVE IN LOCAL STORESAVOLTA CFO ON GUIDANCE: WE FEEL COMFORTABLE IN ACHIEVING TOP LINE OF MID-TERM AND 2025 GUIDANCE, 5-7% ANNUAL TURNOVER GROWTH...Reuters
Thu, Oct 30
INDIA RUPEE-India rupee falls to fortnightly low on Fed's hawkish jolt, outflows
By Jaspreet Kalra MUMBAI, Oct 30 (Reuters) - The Indian rupee slid to its lowest in two weeks on Thursday as outflows worsened the hit from a hawkish tilt in Federal Reserve policy, which sent the dollar and U.S. Treasury yields higher. The rupee INR=IN closed at 88.6950 against the U.S. dollar, ...Reuters
Thu, Oct 30
