News
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New Zealand central bank cuts cash rate by larger-than-expected 50bps
WELLINGTON, Oct 8 (Reuters) - New Zealand's central bank surprised some in the markets by slashing its benchmark rate by 50 basis points to 2.50% on Wednesday, suggesting policymakers were worried about the frail state of the economy and stood ready to act decisively. The decision went against 1...Reuters
Wed, Oct 8
USD/JPY gathers strength above 151.50 as BoJ rate hike uncertain
The USD/JPY pair rises to near 151.85 during the early Asian session on Wednesday. The Japanese Yen (JPY) reached its weakest level since February against the US Dollar (USD) after Sanae Takaichi’s surprise win as the new leader of Japan’s ruling Liberal Democratic Party (LDP).
Fxstreet
Tue, Oct 7
EUR/USD slumps as French political turmoil weighs on Euro
EUR/USD falls on Tuesday amid the political turmoil in France along with the US government shutdown. The Dollar which previously depreciated is posting a surprising recovery up 0.52% in the day, according to the US Dollar Index (DXY). The pair trades at 1.1654, down 0.46%.
Fxstreet
Tue, Oct 7
LIVE MARKETS-Stocks dip as economic concerns, Tesla weigh
U.S. main stock indexes turn red, Nasdaq weakestConsumer staples lead S&P sector gainers; Cons discretionary lags most Dollar, gold advance; crude gains; bitcoin down >2% 10-yr U.S. Treasury yield slips to ~4.13%Welcome to the home for real-time coverage of markets brought to you by Reuters r...Reuters
Tue, Oct 7
Brazil's Senate may pass income tax exemption bill within 30 days, says senator
SAO PAULO, Oct 7 (Reuters) - Brazil's Senate may pass a bill expanding income tax exemptions for the middle class within 30 days, a senator said on Tuesday, just days after the lower house of Congress approved the flagship measure of President Luiz Inacio Lula da Silva's government.Speaking ...Reuters
Tue, Oct 7
CANADA FX DEBT-Canadian dollar edges lower as investors await tangible trade deal progress
Canadian dollar falls 0.1% against the greenbackTrades in a range of 1.3940 to 1.3962Trade deficit widens to C$6.32 billion in AugustBond yields ease across a flatter curve TORONTO, Oct 7 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Tuesday as Canada's trade def...Reuters
Tue, Oct 7
FOREX-Yen drops to 7-month low on fiscal concerns, euro dips
Yen hits seven-month low against dollar Euro weakens on France debt worriesTraders await end of US federal government shutdownBy Karen Brettell and Samuel Indyk NEW YORK, Oct 7 (Reuters) - Concerns about the fiscal outlook in Japan sent the yen to a more than seven month low against the U.S. doll...Reuters
Tue, Oct 7
REFILE-ANALYSIS-Slowing Vaca Muerta oil activity could pose challenge for Argentina's Milei
Vaca Muerta slowdown would affect Argentina's energy export goalsWells drills and fracking stages both declined in JulyOil firms urge policy changes to boost investment and exportsBy Eliana Raszewski BUENOS AIRES, Oct 7 (Reuters) - Drilling and fracking activity in Argentina's Vaca Muerta...Reuters
Tue, Oct 7
LIVE MARKETS-BofA Institute data points to continued labor market slowing
U.S. main stock indexes turn red, Nasdaq weakestConsumer staples lead S&P sector gainers; Cons discretionary lags most Dollar, gold inch up; crude slips; bitcoin falls ~3% 10-yr U.S. Treasury yield slips to 4.11%Welcome to the home for real-time coverage of markets brought to you by Reuters repo...Reuters
Tue, Oct 7
LIVE MARKETS- Wall Street stock indexes turn red after NY Fed report; gold futures cross $4000/oz mark
U.S. main stock indexes turn red, Nasdaq weakestConsumer staples lead S&P sector gainers; Cons discretionary lags most Europe's STOXX 600 falls ~0.2%Dollar, gold inch up; crude slips; bitcoin falls ~3% 10-yr U.S. Treasury yield slips to 4.11%Welcome to the home for real-time coverage of mark...Reuters
Tue, Oct 7
LIVE MARKETS- Why the consumer needs a strong stock market
U.S. main stock indexes turn red, Nasdaq weakestConsumer staples lead S&P sector gainers; Cons discretionary lags most Europe's STOXX 600 falls ~0.2%Dollar, gold inch up; crude slips; bitcoin falls ~3% 10-yr U.S. Treasury yield slips to 4.12%Welcome to the home for real-time coverage of mark...Reuters
Tue, Oct 7
ECB's Lagarde renews calls for beefed up role for euro
Euro's global role limited by small investment marketCritics warn stronger euro could hurt exportersLagarde cites internal barriers as cause of economic issuesFRANKFURT, Oct 7 (Reuters) - European Central Bank President Christine Lagarde renewed her call on Tuesday for a beefed-up global role fo...Reuters
Tue, Oct 7
Stablecoins could suck $1 trillion from EM banks in next three years, Standard Chartered estimates
Stablecoins seen as safer option amid currency crisesEmerging markets face potential $1 trillion deposit flightStablecoins could reach $1.22 trillion in developing economies by 2028By Marc Jones LONDON, Oct 7 (Reuters) - The boom in U.S. dollar-backed stablecoins, helped by Donald Trump's cry...Reuters
Tue, Oct 7
