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Japan's finance minister wants to discuss forex with Bessent at G7
By Makiko Yamazaki TOKYO, May 13 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Tuesday that he would seek to meet U.S. Treasury Secretary Scott Bessent on the sidelines of the G7 meetings in Canada next week to discuss foreign exchange."I'm making preparations to attend the...Reuters
Tue, May 13
Australia, New Zealand dollars gain on crosses as US, China reach tariff truce
SYDNEY, May 13 (Reuters) - The Australian and New Zealand dollars dipped on Tuesday as their U.S. counterpart benefited from a truce in the trade war between Washington and Beijing, yet they fared much better on safe havens as risk sentiment improved. Local surveys showed Australian business ...Reuters
Tue, May 13
USD/JPY falls to near 148.00 despite persistent uncertainty over BoJ’s policy outlook
USD/JPY pulls back after registering more than 2% gains in the previous session, trading around 147.90 during the Asian hours on Tuesday. The pair depreciates as the Japanese Yen (JPY) gains ground despite a persistent uncertainty over the Bank of Japan’s (BoJ) interest rate outlook.
Fxstreet
Tue, May 13
BOJ expects wages, prices to keep rising, deputy governor Uchida says
TOKYO, May 13 (Reuters) - Bank of Japan Deputy Governor Shinichi Uchida said on Tuesday companies are likely to keep raising wages and prices even as uncertainty over U.S. tariff policy weighs on the economy."Japan's underlying inflation, and medium- to long-term inflation expectations, are ...Reuters
Tue, May 13
Japan finance minister preparing to attend G7, Bessent meeting possible
TOKYO, May 13 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Tuesday that he is preparing to attend the meetings next week of the Group of Seven economic powers in Canada, where he also hopes to have a bilateral meeting with his U.S. counterpart. Speaking at a regular press conference,...Reuters
Tue, May 13
FOREX-Dollar clings on to gains from US-China trade pact
Dollar holds gains on optimism over US-China trade truceYen, euro nursing steep lossesInvestors pare back expectations of Fed rate cutsBy Rae Wee SINGAPORE, May 13 (Reuters) - The dollar held strong gains on Tuesday as investors cheered a tariff deal between the United States and China to tap th...Reuters
Tue, May 13
NZD/USD gathers strength above 0.5850 as US and China agree to ease tariffs for 90 days
The NZD/USD pair trades in positive territory around 0.5865 during the Asian session on Tuesday. The New Zealand Dollar (NZD) strengthens against the Greenback after the US and China announced a trade deal, easing fears of a trade war between the world’s two largest economies.
Fxstreet
Tue, May 13
Silver Price Forecast: XAG/USD slips as US-China trade truce boosts US Dollar
Silver price ended Monday’s session with losses of over 0.40% as upbeat news from last weekend's meetings between US and Chinese delegations delivered an agreement to reduce tariffs for 90 days, marking the beginning of negotiations.
Fxstreet
Mon, May 12
Brazil central bank to sign currency swap deal with China's PBOC
BRASILIA, May 12 (Reuters) - Brazil's central bank said Monday it will sign a currency swap agreement with the People's Bank of China, with a maximum outstanding value of 157 billion reais ($27.69 billion) and a five-year term. The agreement, to be signed on Tuesday in Beijing during Br...Reuters
Mon, May 12
Mexican Peso slips as US-China deal boosts USD, Banxico rate cut bets weigh
The Mexican Peso (MXN) is on the defensive against the US Dollar (USD) after developments over the weekend boosted the Greenback. A de-escalation of the US-China trade war, alongside expectations of a “large-sized” interest rate cut by the Banco de Mexico (Banxico), drove the USD/MXN pair higher.Fxstreet
Mon, May 12
