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REFILE-CANADA FX DEBT-Canadian dollar hits eight-month high as yield spreads narrow
Canadian dollar gains 0.5% against the greenbackTouches its strongest since October 7 at 1.3606Canada-U.S. 10-year spread hits narrowest in six monthsU.S. dollar falls against major peersBy Fergal Smith TORONTO, June 12 (Reuters) - The Canadian dollar strengthened on Thursday to an eight-month hi...Reuters
Thu, Jun 12
FOREX-US dollar sinks as inflation cools; euro surges
Euro jumps along with safe-haven Swiss franc and yenGeopolitical risks in focusTrump says he will send out letters with trade deal termsUS PPI data shows cooling inflation in MayUS rate futures pricing in two cuts this yearBy Gertrude Chavez-Dreyfuss and Stefano Rebaudo NEW YORK/MILAN, June 12 (R...Reuters
Thu, Jun 12
GBP/USD hits 1.36 as soft US PPI, jobless claims fuel rate cut bets
GBP/USD extended its gains on Thursday following the release of another inflation report in the United States (US), which increased the odds that the Federal Reserve (Fed) could resume its easing cycle sooner than expected.
Fxstreet
Thu, Jun 12
Short-seller Chanos questions bitcoin-holding pioneer Strategy's valuation premium
June 12 (Reuters) - Prominent short-seller Jim Chanos has questioned Strategy's MSTR.O valuation premium over its bitcoin holdings, saying Chairman Michael Saylor's tactics to boost the company's returns are "financial gibberish.""...Mr. Saylor wants you to value his business...Reuters
Thu, Jun 12
The dollar's crown is slipping, and fast
Dollar index at three-year lowsScandinavian currencies are star performersSafe-haven currency strength a headache for central banksBy Dhara Ranasinghe and Amanda Cooper LONDON, June 12 (Reuters) - The dollar has sunk to its lowest in three years as rapidly changing U.S. trade policy unsettles mar...Reuters
Thu, Jun 12
Dutch, Danish pension funds could cut another $217 billion in dollar holdings, BNP Paribas says
LONDON, June 12 (Reuters) - Pension funds in the Netherlands and Denmark could cut another $217 billion from their dollar holdings, as part of a broader trend of asset managers reducing their exposure to U.S. markets, according to BNP Paribas.Strategists at the bank said in a note on Thursday that, ...Reuters
Thu, Jun 12
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
The Canadian dollar strengthened against the greenback on Thursday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.4% higher at C$1.3619 to the greenback, or 73.43 U.S. cents, after trading in a range of 1.3619 to 1.3675.Canadian government 10-year bond yields CA10...Reuters
Thu, Jun 12
FOREX-Dollar extends falls after weaker-than-expected US producer prices
NEW YORK, June 12 (Reuters) - The U.S. dollar extended losses against the euro and yen on Thursday after yet another data showing softer-than-expected inflation in the world's largest economy, suggesting the Federal Reserve could increase the pace of its easing cycle.The dollar dropped 0.95% aga...Reuters
Thu, Jun 12
EUR pushes to fresh multi-year high – Scotiabank
Euro (EUR) is strong and entering Thursday’s NA session with a 1.0% gain, propelled by the combination of trade-related sentiment and fundamentally-driven ECB headlines that have pushed it to levels last seen in November 2021, Scotiabank's Chief FX Strategist Shaun Osborne notes.Fxstreet
Thu, Jun 12
FOREX-Rush into safe haven assets pushes euro to highest since late 2021
Euro jumps along with safe-haven Swiss franc and yenGeopolitical risks in focusTrump says he'll send out letters with terms for trade dealsUS PPI data due later on ThursdayBy Stefano Rebaudo June 12 (Reuters) - The euro hit its highest level in almost four years against the U.S. dollar as...Reuters
Thu, Jun 12
Sterling drops to six-week low against euro
By Stefano Rebaudo (Reuters) - Sterling rose against the U.S. dollar on Thursday but dropped to a six-week low against the euro, following weak economic data from the U.S. and the UK. The euro hit its highest level in almost four years against the U.S. currency as investors rushed into safe-haven...Reuters
Thu, Jun 12
RPT-COLUMN-US trade war enters precarious slow grind: Taosha Wang
By Taosha Wang June 12 (Reuters) - U.S. trade negotiations have transitioned from their opening act, with its many twists and turns, into a new, protracted chapter: the Slow Grind. It may be less turbulent than this past spring's drama, but no less worrying for investors. Now that the U.S. an...Reuters
Thu, Jun 12
