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FOREX-Dollar strengthens after China-US truce eases growth fears
Dollar rallies as US, China reach deal to cut tariffsSafe-haven currencies yen, Swiss franc weaken US inflation, retail sales data in focus this weekIndia-Pakistan ceasefire helps support risk sentimentBy Chuck Mikolajczak NEW YORK, May 12 (Reuters) - The dollar surged on Monday as the United Sta...Reuters
Mon, May 12
Canadian Dollar falls for a fourth straight session as markets get tariff tunnel vision
The Canadian Dollar (CAD) fell further on Monday, shedding around one-half of one percent against the US Dollar (USD) as investors broadly bid up the Greenback after the Trump administration proudly announced that they would be walking back their own triple-digit tariffs on Chinese imports.
Fxstreet
Mon, May 12
Fitch upgrades Argentina's rating on IMF support, Forex reforms
May 12 (Reuters) - Credit ratings agency Fitch on Monday upgraded Argentina's long-term foreign-currency and local-currency issuer default rating to "CCC+" from "CCC", citing the launch of a new International Monetary Fund (IMF) program and the liberalization of the foreign-excha...Reuters
Mon, May 12
CANADA FX DEBT-Canadian dollar hits one-month low against surging greenback
Canadian dollar falls 0.5% against the greenbackPrice of oil rises 1.8%10-year yield hits near three-week highBy Fergal Smith TORONTO, May 12 (Reuters) - The Canadian dollar weakened to a one-month low against its U.S. counterpart on Monday as a truce in the trade war between the United States an...Reuters
Mon, May 12
USD/CAD extends gains on trade optimism, policy divergence, and upcoming US data
The US Dollar (USD) is trading higher against the Canadian Dollar (CAD) at the start of the week, supported by renewed risk appetite following a US–China trade agreement, diverging interest rate expectations, and anticipation of major US economic data.Fxstreet
Mon, May 12
BoE's Taylor says 'perilous' trade situation justified half-point rate cut vote
BoE's Taylor says rate cuts should not fall behind the curveBoE cut rates to 4.25% from 4.5%, Taylor voted for 4%Taylor says global trade outlook remains 'quite perilous'BoE's Lombardelli, Greene raised concerns about pay pressureBy David Milliken LONDON, May 12 (Reuters) - Bank o...Reuters
Mon, May 12
EUR/CAD Price Analysis: Euro steadies near 1.5600 as bearish pressure builds
The EUR/CAD pair traded near the 1.5600 zone on Monday, reflecting a minor loss after the European session as selling pressure persisted. The pair remains within the middle of its daily range, suggesting cautious sentiment as traders assess the broader outlook.
Fxstreet
Mon, May 12
BoE's Taylor says 'perilous' trade situation justified half-point rate cut vote
LONDON, May 12 (Reuters) - Bank of England policymaker Alan Taylor said on Monday that he voted for a half-point rate cut last week - in defiance of the majority on the Monetary Policy Committee - because of a "quite perilous" trade situation as well as a weakening domestic economy."The ...Reuters
Mon, May 12
Awaiting US cash, EBRD gives funders till end of the year to pay up
Funds for EBRD 4 bln euro capital hike coming in from Japan, most of EU 27 Remaining ones have until year-end to pay inEBRD will keep investment focus on green transition, expanding human capitalBy Libby George LONDON, May 12 (Reuters) - The European Bank of Reconstruction and Development has ext...Reuters
Mon, May 12
FOREX-Dollar jumps after China-US truce allays growth fears
Dollar rallies as US, China reach deal to cut tariffsSafe-haven currencies yen, Swiss franc weaken US inflation, retail sales data in focus this weekIndia-Pakistan ceasefire helps support risk sentimentBy Chuck Mikolajczak NEW YORK, May 12 (Reuters) - The dollar surged on Monday as the United Sta...Reuters
Mon, May 12
EUR/USD Price Analysis: Euro drifts near 1.1100 as bearish momentum builds
The EUR/USD pair traded near the 1.1100 zone on Monday, reflecting a sharp drop after the European session as sellers gained control. The pair remains within the middle of its daily range, suggesting that while bearish pressure is dominant, the market lacks a clear breakout signal.
Fxstreet
Mon, May 12
GBP/USD crashes on US-China trade truce boosting US Dollar
The Pound Sterling collapsed by over 0.71% or 90 pips on Monday, following developments over the weekend that boosted the US Dollar. News of the US-China de-escalation of the trade war weighed on Sterling, which plummeted from around 1.3298. At the time of writing, the GBP/USD trades at 1.3207.
Fxstreet
Mon, May 12
Kraken Says Investigating Android App Crash When Uploading Proof Of Address Documents
May 12 (Reuters) - Kraken: KRAKEN: CURRENTLY INVESTIGATING ANDROID APP CRASH WHEN UPLOADING PROOF OF ADDRESS DOCUMENTSKRAKEN: ISSUE DOES NOT AFFECT ID DOCUMENT UPLOADS, SELFIE VERIFICATION, OR ANY IOS APP VERSIONSSource text: [ID:]Further company coverage: [ ]Reuters
Mon, May 12
NZD/USD Price Forecast: Sees more downside below 200-day EMA
The NZD/USD pair tumbles to near 0.5870 during North American trading hours on Monday. The Kiwi pair falls sharply as the demand for the US Dollar (USD) has increased after the comments from Washington signaled that the trade war between the United States (US) and China has been averted.
Fxstreet
Mon, May 12
Economists say Brazil's monetary tightening cycle is over, survey shows
BRASILIA/SAO PAULO, May 12 (Reuters) - Brazilian economists believe the aggressive monetary tightening cycle in Latin America's largest economy has come to an end, a weekly central bank survey showed on Monday. The median forecast points to central bank's key interest rate being he...Reuters
Mon, May 12
Sterling falls against dollar, firms versus euro, yen after US-China tariff deal
By Medha Singh May 12 (Reuters) - The pound slumped against a stronger dollar on Monday but firmed against the euro and yen as the United States and China temporarily cut reciprocal tariffs following negotiations over the weekend. The U.S. and China agreed to temporarily slash tariffs in a deal t...Reuters
Mon, May 12
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Monday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.4% lower at C$1.3996 to the greenback, or 71.45 U.S. cents, after trading in a range of 1.3895 to 1.3998.Canadian government 10-year bond yields CA10YT=RR r...Reuters
Mon, May 12
