News
Important Only
Global crypto ETFs attract record $5.95 billion as bitcoin scales new highs
Bitcoin hits record high amid ETF inflowsU.S. leads crypto ETF inflows, followed by Switzerland and Germany Oct 7 (Reuters) - Exchange-traded funds (ETFs) tracking crypto assets drew record inflows of $5.95 billion globally last week, as strong demand for digital assets helped propel bitcoin to a...Reuters
Tue, Oct 7
AUD/USD declines within a horizontal consolidation range amid disappointing Australian economic data
AUD/USD is falling 0.4% for the day at the time of writing on Tuesday, with the Australian Dollar (AUD) being weighed down by deteriorating household sentiment and weaker labor market conditions in Australia.
Fxstreet
Tue, Oct 7
Stablecoins could suck $1 trillion from EM banks in next three years, Standard Chartered estimates
Stablecoins seen as safer option amid currency crisesEmerging markets face potential $1 trillion deposit flightStablecoins could reach $1.22 trillion in developing economies by 2028By Marc Jones LONDON, Oct 7 (Reuters) - The boom in U.S. dollar-backed stablecoins, helped by Donald Trump's cry...Reuters
Tue, Oct 7
Sterling slips against dollar, gains on both euro and yen
Sterling falls vs dollar, gains vs euro, yenAttention on global political developmentsBoE speakers later in the week Oct 7 (Reuters) - The British pound dipped against the dollar on Tuesday but gained slightly against the euro and yen, which remained under pressure due to political uncertainty an...Reuters
Tue, Oct 7
RPT-COLUMN-Forget recession, world economy is being run 'hot': Mike Dolan
By Mike Dolan LONDON, Oct 7 (Reuters) - The world's richest countries seem prepared to run their economies hot, leaving money and budget policies loose despite elevated inflation and mountainous debt piles. Stocks and gold get the picture and it's a jarring prospect for bonds. Aided by se...Reuters
Tue, Oct 7
Kenya converts railway loan from China into yuan to save on interest
NAIROBI, Oct 7 (Reuters) - Kenya has completed converting a $5 billion railway loan from China from dollars into yuan currency in order to save on interest payments, its Finance Minister John Mbadi said on Tuesday. The conversion, which allows the higher dollar-based interest rates on the two tranch...Reuters
Tue, Oct 7
EMERGING MARKETS-Stocks up but currencies slip, investors await Polish rate decision
EM stocks up 0.25%, FX down 0.2%Hungary to announce corporate tax cuts in NovemberCzech industrial output unexpectedly falls in AugustPoland's 2024 GDP revised to +3.0% y/y Vietnam braces for FTSE decision on market upgradeBy Nikhil Sharma Oct 7 (Reuters) - Emerging market stocks rose on Tues...Reuters
Tue, Oct 7
USD/JPY: Might test the significant resistance zone of 150.90/151.20 – UOB Group
US Dollar (USD) could continue to rise; any advance is likely part of a higher range of 149.70/150.70. In the longer run, the price action suggests USD could continue to rise and test the significant resistance zone of 150.90/151.20, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Oct 7
NZD/USD is trading in a higher range of 0.5810/0.5850 – UOB Group
The slight increase in upward momentum is likely to lead to New Zealand Dolla (NZD) trading in a higher range of 0.5810/0.5850. In the longer run, NZD has likely moved into a 0.5770/0.5865 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Oct 7
Kenya converts railway loan from China into yuan to save on interest
NAIROBI, Oct 7 (Reuters) - Kenya has completed converting a $5 billion railway loan from China from dollars into yuan currency in order to save on interest payments, its Finance Minister John Mbadi said on Tuesday. The conversion, which allows the higher dollar-based interest rates on the two tranch...Reuters
Tue, Oct 7
EUR/JPY Price Forecast: Holds near 176.00, all-time highs due to bullish bias
EUR/JPY edges lower after registering more than 1.5% gains in the previous session, trading around 176.00 during the European hours on Tuesday. The technical analysis of the daily chart indicates strengthening of a bullish bias as the currency cross remains above the ascending channel pattern.
Fxstreet
Tue, Oct 7
