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IMF urges Bank of Japan to move 'very gradually' with rate hikes
Japan's growth risks skewed to downside due to trade uncertainty, IMF's Choueiri saysShe says BOJ not behind the curve, risks to inflation balancedAny spending plan must be temporary and targeted, Choueiri says By Leika Kihara WASHINGTON, Oct 15 (Reuters) - The Bank of Japan must keep mon...Reuters
Wed, Oct 15
FOREX-Dollar drops versus euro and yen amid ongoing US-China trade friction
US officials blast China as trade tensions continueDollar weakens against yen and Swiss francDollar index on track for second straight session of lossesNew Zealand dollar, Aussie strengthenBy Chibuike Oguh NEW YORK, Oct 15 (Reuters) - The U.S. dollar fell against the euro and yen on Wednesday wit...Reuters
Wed, Oct 15
Australia unemployment rate expected to edge higher in September, signaling cooling labor market
Australia is set to publish the September monthly employment report on Thursday at 0:30 GMT, with market participants anticipating another tepid outcome, which has become the norm over the last few months.
Fxstreet
Wed, Oct 15
CANADA FX DEBT-Canadian dollar dips as investors assess sectoral trade deal prospects
Canadian dollar weakens 0.1% against the greenbackTrades in a range of 1.4027 to 1.4059Price of U.S. oil settles 0.7% lower10-year yield hits a five-month low at 3.102%By Fergal Smith TORONTO, Oct 15 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Wednesday as oil pric...Reuters
Wed, Oct 15
FX Today: Australian jobs report and UK GDP data come to the fore
The US Dollar (USD) added to its weekly correction, briefly slipping back to multi-day lows on the back of the renewed offered stance, a better tone in the risk complex and persistent bets on rate cuts by the Fed in the latter part of the year.
NZD/USD extends losses amid RBNZ’s dovish stance and US-China trade tensions
The New Zealand Dollar (NZD) remains on the defensive against the US Dollar (USD) on Wednesday, extending its losing streak to a seventh consecutive session as investors continue to punish the Kiwi despite a broadly weaker Greenback.
Fxstreet
Wed, Oct 15
Bessent says IMF should stick to core mission, could sell Maryland golf course
By David Lawder and Andrea Shalal WASHINGTON, Oct 15 (Reuters) - The International Monetary Fund could sell a golf course it owns in Maryland, U.S. Treasury Secretary Scott Bessent said on Wednesday, repeating his call for the global lender to focus on its core mission of helping countries in tro...Reuters
Wed, Oct 15
Bessent says US expects to finalize trade deal with South Korea in next 10 days
By David Lawder and Andrea Shalal WASHINGTON, Oct 15 (Reuters) - The U.S. is close to finalizing a trade deal with South Korea, Treasury Secretary Scott Bessent said on Wednesday, telling reporters that he expected an announcement in the next 10 days."We are about to finish up with Korea,"...Reuters
Wed, Oct 15
FOREX-Dollar weakens amid ongoing US-China trade friction
US officials blast China as trade tensions continueDollar weakens against yen and Swiss francDollar index on track for second straight session of lossesNew Zealand dollar, Aussie strengthenBy Chibuike Oguh NEW YORK, Oct 15 (Reuters) - The U.S. dollar was broadly lower against major currencies on ...Reuters
Wed, Oct 15
US Dollar retreats against Canadian Dollar as Fed signals rate cuts, Oil caps CAD recovery
USD/CAD trims losses on Wednesday, back around 1.4040 at the time of writing, after hitting an intraday low of 1.4026. More broadly, the US Dollar (USD) is consolidating against the Canadian Dollar (CAD) after peaking near 1.4080 on Tuesday.
Fxstreet
Wed, Oct 15
Bessent says yen will find its own level if BOJ follows 'proper' policy
WASHINGTON, Oct 15 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday the yen will find its own level if the Bank of Japan follows "proper monetary policy."Bessent made the remarks to reporters when asked whether the yen's recent level was reasonable or a bit too weak.Reuters
Wed, Oct 15
Bessent says US buys more Argentine pesos, working on $20 billion debt facility
WASHINGTON, Oct 15 (Reuters) - The U.S. again purchased Argentine pesos in the open market on Wednesday, Treasury Secretary Scott Bessent told reporters, adding that the department was working with private sector investment funds to create a $20 billion facility to invest in Argentina's sovereig...Reuters
Wed, Oct 15
Brazil set to talk tariffs with US on Thursday
RIO DE JANEIRO, Oct 15 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Wednesday that Brazil and the U.S. will hold negotiation talks on tariffs on Thursday. Lula's remarks at an event in Rio de Janeiro followed a call between him and U.S. President Donald Trump last week in wh...Reuters
Wed, Oct 15
USD/JPY retreats as Greenback weakens on trade tensions, Fed easing bets and US fiscal gridlock
The Japanese Yen (JPY) trades on the front foot against the US Dollar (USD) on Wednesday, with USD/JPY extending losses for a second straight day as the Greenback weakens under pressure from escalating US-China trade tensions and a dovish Federal Reserve (Fed) outlook.
Fxstreet
Wed, Oct 15
GBP/USD climbs as Bessent softens US stance, Powell’s dovish tilt
The Pound Sterling recovers some ground, advances 0.60% on Wednesday during the North American session as Sino-US tensions eased on comments of US Treasury Secretary Scott Bessent. The GBP/USD trades at 1.3396 after bouncing off daily lows of 1.3309.Fxstreet
Wed, Oct 15
Brazil, US to hold tariff talks Thursday, says Lula
RIO DE JANEIRO, Oct 15 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Wednesday that Brazil and the U.S. will hold negotiation talks on tariffs on Thursday. Brazilian Foreign Minister Mauro Vieira and United States State Secretary Marco Rubio agreed last week on a meeting between ...Reuters
Wed, Oct 15
AUD/USD rises as RBA flags inflation risks, Fed dovishness weighs on USD
AUD/USD advances by 0.40% to trade around 0.6510 on Wednesday at the time of writing. The Australian Dollar (AUD) gains ground after Sarah Hunter, Assistant Governor of the Reserve Bank of Australia (RBA), warned on Wednesday that inflation risks in the economy remain tilted to the upside.Fxstreet
Wed, Oct 15
Euro holds ground as trade tensions and Fed easing outlook weigh on the Greenback
The Euro (EUR) is holding firm against the US Dollar (USD) on Wednesday, with EUR/USD attempting to extend its recovery for a second consecutive day as the Greenback comes under modest pressure amid escalating US-China trade war and firm expectations of further interest rate cuts by the Federal Rese
Fxstreet
Wed, Oct 15
Bessent does not believe China wants to be 'agent of chaos'
WASHINGTON, Oct 15 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said it is not clear whether China's recent restrictions on exports of rare earth minerals represent a split politically inside its trade negotiating team, but that he doesn't believe Beijing wants to be an ...Reuters
Wed, Oct 15
