News
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FOREX-Dollar surges as Trump backs down from threat to fire Fed's Powell
By Ankur Banerjee SINGAPORE, April 23 (Reuters) - The U.S. dollar jumped broadly against major currencies on Wednesday as investors heaved a sigh of relief after President Donald Trump backed away from threats of firing Federal Reserve Chair Jerome Powell following his recent attacks.The markets ...Reuters
Wed, Apr 23
GBP/USD weakens below 1.3300 as US Dollar rises
The GBP/USD pair remains weak near 1.3280 during the early Asian session on Wednesday. Comments by US Treasury Secretary Scott Bessent hint at a thaw in US-China trade tensions, fueling optimism in markets and strengthening the US Dollar (USD) against the Pound Sterling (GBP).
Fxstreet
Wed, Apr 23
Insurer Chubb's first quarter profit falls due to California wildfires losses
April 22 (Reuters) - Insurance company Chubb CB.N reported a 38% fall in first-quarter profit on Tuesday, as catastrophe losses from the California wildfires weighed on its underwriting performance and investment returns.A series of wildfires in California earlier this year claimed several lives and...Reuters
Tue, Apr 22
GBP/JPY afloat near 189.00 amid risk jitters, bearish bias prevails
GBP/JPY trades modestly higher near 189.00 during Tuesday’s session after bouncing from intraday lows around 187.47. The pair’s upside follows a minor recovery in the Pound Sterling, which briefly reached 1.3423 against the US Dollar before retreating amid political and economic crosswinds.
Fxstreet
Tue, Apr 22
EUR/JPY Price Analysis: Drifts near 162.00 as technical picture turns indecisive
The EURJPY pair is currently neutral, trading near the 162.00 zone after easing slightly on Tuesday. The pair remains confined within a narrow range between 160.98 and 162.32, showing no clear directional bias as Asian markets approach.
Fxstreet
Tue, Apr 22
US SEC charges PGI Global founder with $198 million crypto fraud scheme
WASHINGTON, April 22 (Reuters) - The U.S. Securities and Exchange Commission said on Tuesday it charged PGI Global Founder Ramil Palafox for orchestrating a fraudulent scheme that raised about $198 million from investors worldwide.The SEC added that the charges stem from the misappropriation of more...Reuters
Tue, Apr 22
IMF must be more active on debt restructurings, Georgieva says
WASHINGTON, April 22 (Reuters) - The International Monetary Fund must be more active in debt restructuring processes, the global lender's managing director, Kristalina Georgieva, said on Tuesday, noting the growing challenges facing vulnerable low- and middle-income countries.Georgieva told an e...Reuters
Tue, Apr 22
Trump says crypto needs regulatory certainty
WASHINGTON, April 22 (Reuters) - U.S. President Donald Trump said on Tuesday that the crypto industry needs regulatory certainty and clear rules of the road that Securities and Exchange Commission Chairman Paul Atkins will work on providing."He's the perfect man to lead this agency at a time...Reuters
Tue, Apr 22
AUD/JPY Price Analysis: Trades soft near 90.10 zone with bearish outlook intact
The AUDJPY pair is flashing an overall bearish signal, currently trading around 90.10 after a modest dip during Tuesday’s session. The cross remains mid-range between the day’s low of 89.64 and high of 90.58, suggesting hesitation in either direction as markets await fresh momentum into Asia.
Fxstreet
Tue, Apr 22
Intuitive Surgical beats quarterly results, raises tariff concerns
April 22 (Reuters) - Intuitive Surgical ISRG.O raised concerns on Tuesday about the potential impact of tariffs on its annual results, despite exceeding Wall Street's first-quarter profit and revenue estimates.Shares of the Sunnyvale, California-based company fell 6% to $449.97 in after-hours tr...Reuters
Tue, Apr 22
US could offer Argentina credit line if 'external shock' hit, Bessent says in remarks
By David Lawder WASHINGTON, April 22 (Reuters) - U.S. President Donald Trump's administration would be willing to offer Argentina a credit line if an "external shock" jeopardized the country's economic turnaround, according to a transcript of comments by Treasury Secretary Scott B...Reuters
Tue, Apr 22
CANADA FX DEBT-Canadian dollar outperforms G10 peers as trade war fears ease
Canadian dollar gains 0.2% against the greenbackLoonie was only G10 currency to notch gainsPrice of oil settles nearly 2% higher10-year yield eases 4.5 basis points to 3.199%By Fergal Smith TORONTO, April 22 (Reuters) - The commodity-linked Canadian dollar was the top-performing Group of 10 curre...Reuters
Tue, Apr 22
FOREX-Dollar jumps after Bessent forecasts de-escalation in US-China trade tensions
Bessent says neither China nor U.S. sees status quo as sustainable Trump remarks raise concerns about Fed independenceJapan sees little scope for a currency deal with the USBy Hannah Lang April 22 (Reuters) - The dollar regained some ground on Tuesday after U.S. Treasury Secretary Scott Bessent s...Reuters
Tue, Apr 22
US Treasury Secretary says situation with China is unsustainable, source says
NEW YORK, April 22 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday said that the tariff standoff with China is unsustainable and that he expects the situation to de-escalate, a source familiar said.Bloomberg first reported this. He also added that negotiations haven’t started but that a...Reuters
Tue, Apr 22
Bessent signals US willingness to offer Argentina credit line, Bloomberg reports
April 22 (Reuters) - U.S. President Donald Trump's administration would be willing to offer Argentina’s government a specific credit line if a global shock jeopardized President Javier Milei’s economic turnaround, according to Treasury Secretary Scott Bessent's comments reported by Bloomberg...Reuters
Tue, Apr 22
FOREX-Dollar close to multi-year lows vs euro, Swiss franc as Trump attacks the Fed
Trump remarks raise concerns about Fed independenceSwiss franc near decade peak, euro close to 3-1/2-year highJapan sees little scope for a currency deal with the USBy Hannah Lang and Stefano Rebaudo April 22 (Reuters) - The dollar hovered around multi-year lows versus the euro and the Swiss fran...Reuters
Tue, Apr 22
GBP/USD retreats from YTD high past 1.34 on Fed turmoil
The Pound Sterling reverses its course after reaching a daily high of 1.3423 due to concerns over the Federal Reserve (Fed) independence, spurred by US President Donald Trump's harsh comments against Fed Chair Jerome Powell. At the time of writing, the GBP/USD is trading at 1.3383, up 0.17%.Fxstreet
Tue, Apr 22
