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POLL-Canadian dollar set to rebound if Fed rate cuts weaken US counterpart
By Fergal Smith TORONTO, Oct 2 (Reuters) - The Canadian dollar is set to strengthen over the coming year against its U.S. counterpart as expected Federal Reserve interest rate cuts weigh on the greenback, but uncertain prospects for the United States-Mexico-Canada trade agreement could put that f...Reuters
Thu, Oct 2
GBP/USD sinks as US shutdown sparks risk aversion, Dollar strengthens
GBP/USD dives during the North American session as the US government shutdown extends for the second straight day, triggering a delay on economic data releases. Meanwhile, the buck strengthens as traders assess the shutdown impact. The pair trades at 1.3424, down 0.38%.
Fxstreet
Thu, Oct 2
FOREX-Dollar rebounds, uncertainty reigns as US government stays shut
By Karen Brettell LONDON, Oct 2 (Reuters) - The dollar gained against the euro and yen on Thursday with the greenback's rebound against the Japanese currency coming after four consecutive days of losses, as traders weighed the impact of a U.S. government shutdown.The shutdown leaves a gap in ...Reuters
Thu, Oct 2
EUR/CHF steadies above 0.9350 amid soft Eurozone, Swiss inflation data
The Euro (EUR) treads water against the Swiss Franc (CHF) on Thursday, with EUR/CHF trading around 0.9358 during the American session. The cross continues to face technical resistance from the 100-day Simple Moving Average (SMA) around 0.9357, which has capped upside attempts since early September.
Fxstreet
Thu, Oct 2
US is not putting money into Argentina, Bessent says
WASHINGTON, Oct 2 (Reuters) - The United States is not putting money into Argentina but only providing a credit swap line, Treasury Secretary Scott Bessent said on Thursday. "What the U.S. is doing, just to be clear: We are giving them a swap line. We are not putting money into Argentina, OK...Reuters
Thu, Oct 2
Sterling pauses as traders already second guessing November budget
By Joice Alves LONDON, Oct 2 (Reuters) - The pound steadied on Thursday, struggling to rise against a weakening dollar, as traders have started to assess the impact the UK November budget will have on the economy and sterling. While the dollar came under broad pressure after the U.S. government s...Reuters
Thu, Oct 2
US not putting money into Argentina, Bessent says
WASHINGTON, Oct 2 (Reuters) - The United States is not putting money into Argentina, Treasury Secretary Scott Bessent said on Thursday. Bessent said in an interview with CNBC the U.S. was maintaining a strategic interest in Argentina because it wanted to avoid another failed state like Venezuela in ...Reuters
Thu, Oct 2
JPY outperforming most G10 currencies – Scotiabank
The Japanese Yen (JPY) is up 0.3% against the US Dollar (USD) and outperforming most of the G10 currencies into Thursday’s NA open, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Thu, Oct 2
Argentina's international dollar bonds gain after Bessent support comments
LONDON, Oct 2 (Reuters) - Argentina's international dollar bonds rallied on Thursday, after U.S. Treasury Secretary Scott Bessent said in-person discussions would "meaningfully advance" the country's pledge of financial support. The 2030 maturity gained just over 2 cents to be bid at...Reuters
Thu, Oct 2
FOREX-Dollar slides as US government shutdown, poor jobs data weigh
Traders weigh impact of US government shutdown ADP jobs and PMI data solidify rate cut betsFed Governor Cook to stay in her post until JanuaryEuro inflation reinforces bets on ECB keeping rates on holdBy Joice Alves LONDON, Oct 2 (Reuters) - The dollar fell to near a one-week low on Thursday as t...Reuters
Thu, Oct 2
GBP/JPY Price Forecast: Pound dives to fresh two-month lows below 197.85
The British pound continues to trade lower against the Yen on Thursday. The pair has lost more than 1.2% so far this week, reaching session lows below the bottom of the trading range over the last two months, at 197.85.
Fxstreet
Thu, Oct 2
UAE, Turkey cenbanks sign $4.9-bln currency swap deal
DUBAI/ANKARA, Oct 2 (Reuters) - The central banks of the United Arab Emirates and Turkey signed a bilateral currency swap agreement of a nominal size of 18 billion UAE dirham ($4.90 billion) and 198 billion Turkish lira, they each said on Thursday.The Turkish central bank said the swap deal is desig...Reuters
Thu, Oct 2
South Korea says no response yet from US on trade proposals, after rough agreement on security
U.S. reviewing currency swap deal, key demand from South KoreaSeoul aims to announce security deal before APEC summitProgress on South Korea's nuclear fuel processing rightsBy Ju-min Park and Joyce Lee SEOUL, Oct 2 (Reuters) - South Korea has delivered its proposals on a trade deal to the U.S...Reuters
Thu, Oct 2
Bessent to meet Argentina economy minister to advance talks on US financial support
Oct 2 (Reuters) - U.S. Treasury Secretary Bessent said on Thursday that he was looking forward to meeting Argentina Economy Minister Luis Caputo's team in Washington, DC to meaningfully advance discussions regarding options for delivering financial support.Reuters
Thu, Oct 2
