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Bessent urges IMF, World Bank to take tougher stance on China's economic practices
US Treasury chief says IMF should scrutinize China's imbalancesWorld Bank should end support for projects in China, Bessent says IMF not 'a piggy bank' for creditors to debt-distressed countries, Bessent saysIMF chief says she's got 'long list of homework'By David Lawder and ...Reuters
Fri, Oct 17
Investments being finalized for Syria, Saudi finance minister says
WASHINGTON, Oct 17 (Reuters) - Saudi Finance Minister Mohammed Al-Jadaan on Friday said the international community stood with Syria, and many investments were being finalized for the country after the overthrow of longtime President Bashar al-Assad last December.Al-Jadaan, who chairs the Internatio...Reuters
Fri, Oct 17
FOREX-Dollar set for weekly loss amid investor unease about trade
Dollar index set for weekly lossBank stocks rebound after losses unnerve investorsSafe-haven Swiss franc gain and yen flatEuro set for biggest weekly gain against dollar in nine weeksBy Chibuike Oguh and Amanda Cooper NEW YORK/LONDON, Oct 17 (Reuters) - The U.S. dollar was headed for a weekly los...Reuters
Fri, Oct 17
CANADA FX DEBT-Canadian dollar gains but still posts fourth straight weekly decline
Canadian dollar gains 0.3% against the greenbackFor the week, the loonie weakens 0.1%Price of oil settles 0.1% higher10-year yield touches a 5-1/2-month low at 3.062%By Fergal Smith TORONTO, Oct 17 (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Friday as stocks and o...Reuters
Fri, Oct 17
IMF chief says developing countries realize they need to move fast with AI
WASHINGTON, Oct 17 (Reuters) - Developing countries recognize that they need to move fast and expand their electricity infrastructure to be able to leapfrog with artificial intelligence, much as they did with mobile payments in the digital area, International Monetary Fund chief Kristalina Georgieva...Reuters
Fri, Oct 17
Investments being finalized for Syria, Saudi finance minister says
WASHINGTON, Oct 17 (Reuters) - Saudi Finance Minister Mohammed Al-Jadaan on Friday said the international community stood with Syria, and many investments were being finalized for the country after the overthrow of longtime President Bashar al-Assad last December.Al-Jadaan, who chairs the Internatio...Reuters
Fri, Oct 17
IMF chief hopes for US-China rare earths deal to avoid 'material impact' on global economy
WASHINGTON, Oct 17 (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva said on Friday she was hoping for an agreement between the U.S. and China that avoids a cutoff in the flow of rare earths to the global economy, adding that such restrictions would have a "material ...Reuters
Fri, Oct 17
AUD/USD remains steady after Trump tones down China rhetoric, DXY recovers slightly
The Australian Dollar (AUD) remains well bid against the US Dollar (USD) on Friday, as US President Donald Trump’s softer stance on trade with China eases risk sentiment. The Aussie is showing resilience even as the Greenback strengthens, supported by Australia’s close trade ties with China.
Fxstreet
Fri, Oct 17
EUR/GBP steady as French political calm supports Euro, UK fiscal issues weigh
EUR/GBP trades steadily around 0.8700 on Friday at the time of writing, supported by improved political sentiment in France after Prime Minister Sébastien Lecornu survived two no-confidence motions in parliament.
Fxstreet
Fri, Oct 17
Stable debt, policy coordination are key for Latam and Caribbean growth, IMF says
Governments urged to stabilize debt and improve fiscal policiesCoordination between fiscal and monetary policies is crucial, IMF saysPotential growth in region lags behind other emerging marketsBy Rodrigo Campos Oct 17 (Reuters) - Latin America and the Caribbean face slower growth and lingering i...Reuters
Fri, Oct 17
GBP/USD pulls back towards 1.34 as Trump softens China rhetoric, US Dollar recovers
The GBP/USD retreats on Friday after hitting its highest level in a week of 1.3471 after US President Donald Trump revealed that elevated tariffs on China are not sustainable. Consequently, the Greenback printed gains as reflected by the pair, trading above the 1.34 handle down 0.12%.
Fxstreet
Fri, Oct 17
EUR/JPY declines to two-week low on BoJ tightening signals, ECB pause
EUR/JPY slides 0.25% on Friday, trading around 175.40 at the time of writing, after hitting a two-week low of 174.82 earlier in the day. The Japanese Yen (JPY) is appreciating across the board, supported by remarks from Bank of Japan (BoJ) officials suggesting further policy tightening.
Fxstreet
Fri, Oct 17
IMF says discussions on new Ukraine financing will need time
WASHINGTON, Oct 17 (Reuters) - Ukraine's discussions about a new four-year lending programme with the International Monetary Fund will need some time to conclude, the global lender's Europe director, Alfred Kammer, said on Friday."These discussions are progressing and they have progresse...Reuters
Fri, Oct 17
EUR/USD retreats from two-week high as Trump tones down tariff threats
The Euro (EUR) weakens against the US Dollar (USD) on Friday, snapping a three-day winning streak as the Greenback finds renewed strength after US President Donald Trump softened his rhetoric on US-China trade tensions.
Fxstreet
Fri, Oct 17
FOREX-Dollar set for weekly loss as investors worry over trade, US banks
Dollar index set for weekly lossSlide in bank stocks unnerves investorsSafe-haven Swiss franc gain and yen flatEuro set for biggest weekly gain against dollar in nine weeksBy Chibuike Oguh and Amanda Cooper NEW YORK/LONDON, Oct 17 (Reuters) - The U.S. dollar was set for a weekly loss against majo...Reuters
Fri, Oct 17
USD/CHF extends losses amid trade tensions, Fed easing expectations
USD/CHF extends its losing streak for the fourth consecutive day, hitting a new one-month low at 0.7873 on Friday, before cutting losses following US President Donald Trump's comments on the trade dispute with China.
Fxstreet
Fri, Oct 17
EUR off earlier peaks above 1.17 – Scotiabank
Euro (EUR) gains extended to the low 1.17 area overnight before easing back modestly but the broader backdrop of trade, rate and sentiment challenges for the USD as well as hopes that US pressure for an end to the Ukraine war as Trump/Putin plan to meet in Budapest are all combining to lift the EURFxstreet
Fri, Oct 17
