News
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CEE MARKETS-FX rattled by Russian sanctions, zloty falls from perch
WARSAW, Oct 23 (Reuters) - Poland's zloty retreated from a more than six-month high and other central European currencies fell on Thursday, as investors paused to assess the impact of new western sanctions on Russia.Emerging market assets weakened on Thursday after the U.S. and the European Unio...Reuters
Thu, Oct 23
Russia threatens 'painful response' if EU takes its frozen assets
MOSCOW, Oct 23 (Reuters) - Russia said on Thursday it will deliver a "painful response" to any move by the European Union to seize its frozen assets. The warning came as EU leaders met in Brussels to discuss a plan to use the assets as the basis for a 140 billion euro ($163 ...Reuters
Thu, Oct 23
EUR/JPY Price Forecast: Could target record highs on a successful break above 177.00
EUR/JPY extends its gains for the third successive session, trading around 177.00 during the European hours on Thursday. The technical analysis of the daily chart indicates that bullish bias is strengthening as the currency cross remains within the ascending channel pattern.
Fxstreet
Thu, Oct 23
USD/JPY: Interim upside risks – OCBC
USD/JPY continued to trade higher post-parliament vote but the move higher was also driven by the broad rebound in USD, instead of just policy uncertainty. Pair was last at 152.59 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Thu, Oct 23
FOREX-Dollar edges up ahead of CPI and yen slips
Yen slips to one-week low as traders watch for Japan stimulus detailsSterling under pressure after inflation data buoys bets for rate cutCurrency trading subdued in absence of clear catalystsOil price rise boosts Norwegian crown By Kevin Buckland and Alun John LONDON/TOKYO, Oct 23 (Reuters) - The...Reuters
Thu, Oct 23
CORRECTED-BOJ likely to raise rates as soon as December, ex-central bank executive says
BOJ may be already behind the curve on inflation, Maeda saysMoving too slowly in rate hikes could cause distortionsBOJ likely to raise rates to 0.75% in December or JanuaryBOJ seen raising rates to 1% in summer next yearBy Leika Kihara and Yoshifumi Takemoto TOKYO, Oct 23 (Reuters) - The Bank of ...Reuters
Thu, Oct 23
Freight forwarder Kuehne+Nagel to cut up to 1,500 jobs after Q3 profit slumps
K+N earnings miss analysts' expectations by 3.5% in Q3Results hit by FX effects, decline in volumes to USPlans to save over 200 million Swiss francs via automationTo cut 1,000-1,500 full-time positions Oct 23 (Reuters) - Kuehne+Nagel KNIN.S said it was launching a cost-cutting programme to co...Reuters
Thu, Oct 23
USD/CAD Price Forecast: Remains below 1.4000, tests lower ascending channel boundary
USD/CAD moves little after two days of losses, trading around 1.3990 during the early European hours on Thursday. The technical analysis of the daily chart suggests a weakening of a prevailing bullish bias as the pair is attempting to break below the ascending channel pattern.
Fxstreet
Thu, Oct 23
Swiss National Bank publishes first minutes on rates decision
ZURICH, Oct 23 (Reuters) - The Swiss National Bank on Thursday published its first set of minutes on its interest rate setting meetings, a move by the conservative central bank to catch up with peers who have previously given details of how they set monetary policy.The SNB held its benchmark interes...Reuters
Thu, Oct 23
Testing group SGS benefiting from companies nearshoring in U.S.
By Paolo Laudani Oct 23 (Reuters) - SGS SGSN.S is benefiting from companies nearshoring in the United States, its CEO said on Thursday after the testing and inspection group reported an increase in third quarter revenue that was slightly ahead of market forecasts.The Geneva-based company reported...Reuters
Thu, Oct 23
NZD/USD holds steady below 0.5750, US-China trade talks in focus
The NZD/USD pair trades on a flat note near 0.5735 during the early European session on Thursday. The US Dollar (USD) steadies against the New Zealand Dollar (NZD) as traders remain on edge ahead of delayed US inflation data and upcoming US-China trade talks.
Fxstreet
Thu, Oct 23
