News
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Bank of Japan will raise rates if forecasts seem to be materializing, Ueda says
WASHINGTON, Oct 16 (Reuters) - Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will raise interest rates if the likelihood of its growth and price forecasts materializing increases.Ueda said in a press conference that his assessment of the global and U.S. economies has not change...Reuters
Thu, Oct 16
IKEA sales fall for second year as retailer makes aggressive price-cutting push
IKEA retail sales fall for second year in a rowMore stuff for less - volumes rise and store visits are upFurniture giant says US tariffs caused price hikes on some productsBy Greta Rosen Fondahn and Helen ReidSTOCKHOLM/LONDON, Oct 16 (Reuters) - IKEA's annual sales fell for a second consecutive ...Reuters
Thu, Oct 16
GBP/USD extends recovery amid US Dollar softness and modest UK GDP growth
The British Pound (GBP) strengthens against the US Dollar (USD) on Thursday, extending gains for the second day in a row. At the time of writing, GBP/USD is trading around 1.3431, rebounding after briefly falling to a two-and-a-half-month low on Tuesday.
Fxstreet
Thu, Oct 16
Bank of Japan must tread carefully in normalizing policy, central bank official says
By Leika Kihara WASHINGTON, Oct 16 (Reuters) - The Bank of Japan must be careful when normalizing monetary policy due to uncertainty about how the economy would react to a new environment of positive interest rates, Seiichi Shimizu, the central bank's assistant governor, said on Thursday....Reuters
Thu, Oct 16
USD/JPY extends losses for a third day on broad Greenback softness
The Japanese Yen (JPY) extends its winning streak for a third consecutive day against the US Dollar (USD) on Thursday, as the Greenback slides to a multi-day trough amid lingering concerns over the prolonged US-China trade standoff.
Fxstreet
Thu, Oct 16
USD/CHF dips as trade tensions escalate, Swiss growth forecasts dim
USD/CHF falls 0.20% on Thursday, trading around 0.7950 at the time of writing after hitting a two-week low of 0.7933 earlier in the day. The US Dollar (USD) remains under pressure as escalating US-China tensions continue to support demand for safe-haven assets such as the Swiss Franc (CHF).
Fxstreet
Thu, Oct 16
BOJ must tread carefully in normalising policy, central bank executive says
WASHINGTON, Oct 16 (Reuters) - The Bank of Japan must be very careful when normalising monetary policy due to uncertainty about how the economy would react to a new environment of positive interest rates, Seiichi Shimizu, the central bank's assistant governor, said on Thursday."If we are suf...Reuters
Thu, Oct 16
FOREX-Dollar falls against yen and euro with trade dispute, rate outlook in focus
China-US trade spat leaves dollar on back footDovish Fed signals weigh, but analysts cautious on rate dropFrance’s political crisis barely dents euroPolitical developments in Japan intrigue investorsBy Chibuike Oguh and Stefano Rebaudo NEW YORK, Oct 16 (Reuters) - The U.S. dollar was on track for...Reuters
Thu, Oct 16
USD/CAD steadies amid US-China trade tensions, markets await BoC Governor's speech
The Canadian Dollar (CAD) steadies against the US Dollar (USD) on Thursday as the Greenback remains under pressure amid escalating US-China trade tensions and growing expectations of further interest rate cuts by the Federal Reserve (Fed).
Fxstreet
Thu, Oct 16
AUD/USD dips below 0.6500 as unemployment rises, RBA rate-cut bets increase
AUD/USD declines by 0.38% on Thursday to trade around 0.6490 at the time of writing, back below the 0.6500 mark, weighed down by weaker-than-expected labor market data pointing to a slowdown in job demand in Australia.
Fxstreet
Thu, Oct 16
JPY underperforming on broader market tone – Scotiabank
The Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) and underperforming all of the G10 currencies in an environment of renewed risk appetite, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Thu, Oct 16
GBP is outperforming on stronger trade – Scotiabank
The Pound Sterling (GBP) is up 0.3% against the US Dollar (USD) and outperforming all of the G10 currencies as we head into Thursday’s NA session with gains driven by the release of stronger than expected domestic data, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Thu, Oct 16
EUR/USD: Markets price in renewed political stability in France – Scotiabank
The Euro (EUR) is up a marginal 0.1% against the US Dollar (USD) and a mid-performer among the G10 currencies, quietly consolidating in the mid/upper-1.16s as market participants focus on political developments in France and the prospect of renewed stability, Scotiabank's Chief FX Strategists ShaunFxstreet
Thu, Oct 16
ANALYSIS-Why Europe can't face its pension black hole
French government latest to delay pension reformGovernments yielding to older votersMarket pressure often needed for reforms By Francesco Canepa FRANKFURT, Oct 16 (Reuters) - France's political standoff shows how European governments, caught between the demands of their ageing electorates and...Reuters
Thu, Oct 16
Flare-up in US-China trade tensions poses a big risk to Thailand's growth, deputy central bank governor says
By Karin Strohecker WASHINGTON, Oct 15 (Reuters) - The fresh flare-up in trade tensions between the United States and China is a big risk to the outlook for Thailand's economic growth, the country's deputy central bank governor said, adding there was little room left to lower rates furthe...Reuters
Thu, Oct 16
CORRECTED-Flare-up in US-China trade tensions poses a big risk to Thailand's growth - deputy central bank governor
By Karin Strohecker WASHINGTON, Oct 15 (Reuters) - The fresh flare-up in trade tensions between the United States and China is a big risk to the outlook for Thailand's economic growth, the country's deputy central bank governor said, adding there was little room left to lower rates furthe...Reuters
Thu, Oct 16
