News
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Vietnam approves plans for international financial centre amid US trade pressure
HANOI, June 27 (Reuters) - Vietnam's lawmakers approved a plan on Friday to establish international financial centres in Ho Chi Minh City and Danang to attract investment and strengthen its global financial standing as economic uncertainties rise. The centres will operate under unified manageme...Reuters
Fri, Jun 27
EUR/USD trades around 1.1700, maintains position near four-year highs
EUR/USD extends its winning streak that began on June 18, trading around 1.1700 during the Asian hours on Friday. The EUR/USD pair continues to gain ground as the US Dollar (USD) faces challenges due to renewed concerns over the US Federal Reserve’s (Fed) independence.
Fxstreet
Fri, Jun 27
FOREX-Dollar lingers near 3-1/2-year low as traders wager on US rate cuts
Euro, sterling perched at highest since late 2021Powell's replacement chatter stoke Fed rate cut wagers Dollar weakness persists, down 10% so far this yearBy Ankur Banerjee SINGAPORE, June 27 (Reuters) - The dollar drifted on Friday, hovering near its lowest level in 3-1/2 years against the e...Reuters
Fri, Jun 27
EUR/JPY holds position below 169.00 following Tokyo Consumer Price Index data
EUR/JPY remains subdued for the second successive session, trading around 168.90 during the Asian hours on Friday. The currency cross holds little losses following the release of the Tokyo Consumer Price Index (CPI) data.
Fxstreet
Fri, Jun 27
Japanese Yen reverses softer Tokyo CPI-inspired intraday losses
The Japanese Yen (JPY) weakened across the board during the Asian session on Friday in reaction to data showing that consumer inflation in Tokyo slowed sharply in June. Adding to this, Japan's Retail Sales recorded growth for the 38th consecutive month, though at the slowest pace since February.
Fxstreet
Fri, Jun 27
Australian Dollar gains ground as US Dollar struggles amid concerns over Fed independence
The Australian Dollar (AUD) inches higher on Friday, extending its winning streak for the fifth successive session. The AUD/USD pair remains stronger as the US Dollar (USD) struggles due to renewed concerns over the US Federal Reserve’s (Fed) independence.
Fxstreet
Fri, Jun 27
FOREX-Dollar lingers near 3-1/2-year low as traders bet on US rate cuts
Euro, sterling perched at highest since late 2021Powell's replacement chatter stoke Fed rate cut wagers Dollar weakness persists, down 10% so far this yearBy Ankur Banerjee SINGAPORE, June 27 (Reuters) - The dollar drifted on Friday, hovering near its lowest level in 3-1/2 years against the e...Reuters
Fri, Jun 27
Australia, NZ dollars seal startling comeback on risk revival
By Wayne Cole SYDNEY, June 27 (Reuters) - The Australian and New Zealand dollars hovered near multi-month highs on Friday having made a remarkable turnaround from deep lows hit early in the week as risk appetite recovered and their U.S. counterpart came under pressure.The Aussie was up at $0.6542...Reuters
Fri, Jun 27
NZD/USD gathers strength above 0.6050 amid concerns over Fed independence
The NZD/USD pair gains ground for the fourth consecutive day near 0.6065 during the early Asian session on Friday. The uptick of the pair is bolstered by a weakening Greenback amid renewed concerns over the US Federal Reserve’s (Fed) independence.
Fxstreet
Fri, Jun 27
USD/CAD posts modest losses below 1.3650 ahead of US PCE, Canadian GDP releases
The USD/CAD pair trades with mild losses near 1.3640 during the early Asian session on Friday. The US Dollar (USD) weakens against the Canadian Dollar (CAD) amid growing market concerns about the Federal Reserve's (Fed) independence.
Fxstreet
Thu, Jun 26
GBP/USD continues its march up the charts for a fourth straight day
GBP/USD rose on Thursday, stepping into a fourth straight day of firm gains and clipping 44-month highs near 1.3770. A broad sell-off in the US Dollar is bolstering the Greenback’s major counter-currencies, helping to push Cable into its highest bids in nearly four years.Fxstreet
Thu, Jun 26
Canadian Dollar gains ground on Thursday as Greenback weakens
The Canadian Dollar (CAD) found room on the high side on Thursday, rising into its highest bids in over a week against the US Dollar (USD) as global markets push away from the Greenback, giving counter-currencies a leg up across the board.Fxstreet
Thu, Jun 26
FOREX-Dollar drops to lowest since 2021 against euro, sterling
Traders raise bets on more rate cuts this yearTrump may announce Powell replacement in coming monthsBy Karen Brettell NEW YORK, June 26 (Reuters) - The dollar hit a three-and-a-half-year low against the euro and sterling on Thursday in a broad selloff as traders priced in the likelihood that the ...Reuters
Thu, Jun 26
Bank of Mexico lowers key interest rate to 8.0%
June 26 (Reuters) - The Bank of Mexico lowered its benchmark rate by 50 basis points on Thursday, bringing the rate to 8.0% even as inflation remains above the bank's target range. The decision by the central bank's five-member governing board was not unanimous.Reuters
Thu, Jun 26
Banxico cuts rates by 50 basis points to 8% as expected
On Thursday, Banco de Mexico decided to reduce interest rates by 50 basis points, leaving the main interest rate near 8%. The decision was not unanimous, as the Deputy Governor, Jonathan Heath, voted to hold rates unchanged at 8.50%.
Fxstreet
Thu, Jun 26
