News
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Bank of Mexico cuts interest rate, tone turns more cautious
By Brendan O'Boyle MEXICO CITY, Nov 6 (Reuters) - The Bank of Mexico cut its benchmark rate by 25 basis points on Thursday but struck a more cautious tone on the outlook for further easing, as the economy shows weakness but core inflation remains sticky. The rate's reduction to ...Reuters
Thu, Nov 6
CANADA FX DEBT-Canadian dollar steadies as US labor data signals weakness
Loonie trades in a range of 1.4091 to 1.4140Price of US oil decreases 0.4%Ivey PMI falls to 52.4 in OctoberBond yields decline across the curveBy Fergal Smith TORONTO, Nov 6 (Reuters) - The Canadian dollar was on the cusp of ending a five-day losing streak on Thursday as signs of weakness in the ...Reuters
Thu, Nov 6
Bank of Mexico lowers benchmark interest rate to 7.25%
MEXICO CITY, Nov 6 (Reuters) - The Bank of Mexico lowered its benchmark interest rate by 25 basis points on Thursday, bringing the rate to 7.25%.The decision by the central bank's five-member governing board was not unanimous, the bank said in a statement announcing the rate decision, with Deput...Reuters
Thu, Nov 6
EUR/USD extends rebound as US Dollar retreats from five-month high
The Euro (EUR) strengthens against the US Dollar (USD) on Thursday amid renewed weakness in the Greenback. At the time of writing, EUR/USD is trading around 1.1543, rising to a five-day high after slipping to a fresh three-month low on Wednesday.
Fxstreet
Thu, Nov 6
USD/CHF drops amid US political risks, Swiss Franc safe-haven appeal
USD/CHF weakens on Thursday, down 0.35% around 0.8070 at the time of writing. Risk-off sentiment dominates the markets, supporting demand for safe-haven assets such as the Swiss Franc (CHF), while US political uncertainty continues to weigh on the US Dollar (USD).
Fxstreet
Thu, Nov 6
USD/JPY weakens amid softer US Dollar, steady Japanese labor and services data
The Japanese Yen (JPY) trades on the front foot against the US Dollar (USD) on Thursday, as the Greenback weakens following a strong multi-day rally. At the time of writing, USD/JPY is trading around 153.13, down over 0.50% on the day.
Fxstreet
Thu, Nov 6
GBP/USD rebounds after BoE’s dovish hold but remains below 1.31
The GBP/USD recovers some ground yet trades off daily highs as the Bank of England held rates unchanged, on a “dovish” hold as the vote split hints that the December meeting is open. The pair trades at 1.3080, up 0.26%.
Fxstreet
Thu, Nov 6
FOREX-Dollar falls as weak labor data weighs
Dollar slips for second straight sessionBank of England holds rates in knife-edge vote Cost cutting, AI lead to surge in planned US layoffs in OctoberNorges Bank held rates at 4%, citing inflationary pressureBy Saqib Iqbal Ahmed NEW YORK, Nov 6 (Reuters) - The U.S. dollar declined for a secon...Reuters
Thu, Nov 6
EUR/CHF holds firm above 0.9300 amid weak Eurozone data and steady Swiss unemployment
The Euro (EUR) trades slightly higher against the Swiss Franc (CHF) on Thursday, with the pair fluctuating in choppy conditions as traders digest Eurozone and Swiss economic data along with central bank commentary.
Fxstreet
Thu, Nov 6
POLL-Brazil's currency to remain strong despite brewing political doubts
Poll data on Brazil real reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=BRL=Poll data on Mexican peso reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=MXN=Poll data on Argentine peso reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=ARS=By Ga...Reuters
Thu, Nov 6
The end is near for policy easing among big central banks
Bank of England holds rates steady but door open to December cut Australia, Sweden and Norway also hold rates steady this week US data leads traders to pare back bets on December Fed easing By Naomi Rovnick and Alun John LONDON, Nov 6 (Reuters) - Central banks in big economies are nearing the end...Reuters
Thu, Nov 6
Bank of England holds rates in knife-edge vote that hints at December cut
Monetary Policy Committee votes 5-4 to keep Bank Rate at 4.0%Inflation expected to fall in October and NovemberInvestors see 55% chance of rate cut on December 18By William Schomberg, David Milliken and Suban Abdulla LONDON, Nov 6 (Reuters) - The Bank of England kept borrowing costs on hold on Th...Reuters
Thu, Nov 6
FOREX-Sterling trims gains as BoE keeps rates unchanged, Nok rises as Norges Bank holds rates
Markets pricing a one-in-three chance of a BoE rate cutNorges Bank held rates at 4% citing inflationary pressureRisk sentiment improves, taking safe-haven dollar off highsBy Joice Alves LONDON, Nov 6 (Reuters) - Sterling trimmed earlier gains on Thursday after the Bank of England kept rates uncha...Reuters
Thu, Nov 6
INSTANT VIEW-Bank of England keeps rates on hold in knife-edge vote
LONDON, Nov 6 (Reuters) - The Bank of England kept rates unchanged on Thursday in a tight decision following recent signs that inflation is slowing, which brought the pound below the highs of the day, while boosting UK government bond prices. The pound GBP= was last up 0.2% on the day at $1.30799, f...Reuters
Thu, Nov 6
INSTANT VIEW-Bank of England keeps rates on hold in knife-edge vote
LONDON, Nov 6 (Reuters) - The Bank of England kept rates unchanged on Thursday in a tight decision following recent signs that inflation is slowing, which brought the pound below the highs of the day, while boosting UK government bond prices. The pound GBP= was last up 0.2% on the day at $1.30799, f...Reuters
Thu, Nov 6
Sterling trims gains after BoE keeps rate unchanged
Policymakers voted 5-4 to keep interest rates at 4%Analysts had expected a 6-3 split in favour of unchanged ratesFocus turns to UK budget on November 26 By Joice Alves LONDON, Nov 6 (Reuters) - Sterling trimmed earlier gains on Thursday, moving back towards its lowest in months, after the Bank of...Reuters
Thu, Nov 6
INSTANT VIEW-Bank of England keeps rates on hold in knife-edge vote
LONDON, Nov 6 (Reuters) - The Bank of England kept rates unchanged on Thursday in a tight decision following recent signs that inflation is slowing, which brought the pound below the highs of the day, while boosting UK government bond prices. The pound GBP= was last up 0.2% on the day at $1.30799, f...Reuters
Thu, Nov 6
