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Brazil records first monthly trade deficit since 2022
SAO PAULO, March 7 (Reuters) - Brazil posted a surprising trade deficit in February, government data showed on Friday, its first monthly deficit in more than three years due to an oil vessel deal and lower prices of key commodities.The South American nation reported an about-$300 million trade balan...Reuters
Fri, Mar 7
Brazil records surprising trade balance deficit in February
SAO PAULO, March 7 (Reuters) - Brazil posted a trade balance deficit of $300 million in February, government data showed on Friday, while market estimated a surplus of $1.94 billion for the period.Imports totaled $23.3 billion and exports $22.9 billion last month, according to the data.Reuters
Fri, Mar 7
FOREX-US dollar falters after data shows slowing labor market
US payrolls rise to 151,000 in February, lower than expectedUS wage earnings growth slowsUS rate futures price in three rate cuts in 2025Euro on pace for best weekly gain in 16 yearsBy Gertrude Chavez-Dreyfuss NEW YORK, March 7 (Reuters) - The U.S. dollar dropped to multi-month lows against the e...Reuters
Fri, Mar 7
COMMENT-Yen's March run finds new factors to lean on
A soft undertone to the U.S. jobs data has not significantly altered expectations for Fed rate cuts this year, keeping the dollar on the defensive and meaning that any rebound in USD/JPY is likely to be limited due to the broader downward trend of the greenback and the negative impact of tariff poli...Reuters
Fri, Mar 7
CANADA FX DEBT-Canadian dollar pares weekly gain as jobs miss supports rate cut bets
Canadian dollar weakens 0.5% against the greenbackFor the week, the loonie advances 0.7%Canada adds 1,100 jobs in February10-year yield falls 5.5 basis pointsBy Fergal Smith TORONTO, March 7 - The Canadian dollar gave back some of its weekly advance against the greenback on Friday as a smaller-th...Reuters
Fri, Mar 7
EUR/USD to target 1.12 on a 12-month view – Rabobank
The proposal from Germany’s expected coalition partners that they plan to relax the country’s debt rules to boost defence spending and support infrastructure has been billed by some commentators as Germany’s whatever it takes moment, Rabobank's FX analyst Jane Foley notes.Fxstreet
Fri, Mar 7
COMMENT-Incremental economic divergence should support EUR/USD
March 7 (Reuters) - EUR/USD struck a fresh 4-month high Friday as investors responded to indications that the U.S. and euro zone economies are diverging to the benefit of the euro with risks that benefit may dramatically increase. Euro zone Q4 GDP growth was revised upward, which could contribute...Reuters
Fri, Mar 7
FOREX -US dollar stumbles after nonfarm payrolls data
By Gertrude Chavez-Dreyfuss NEW YORK, March 7 (Reuters) - The U.S. dollar dropped to multi-month lows against the euro and yen on Friday, after data showed the world's largest economy created fewer jobs than expected last month, suggesting that the Federal Reserve remained on track to cut int...Reuters
Fri, Mar 7
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Friday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.5% lower at C$1.4371 to the greenback, or 69.58 U.S. cents, after trading in a range of 1.428 to 1.4371.Canadian government 10-year bond yields CA10YT=RR fe...Reuters
Fri, Mar 7
FOREX-US dollar extends losses vs yen, euro after payrolls data
NEW YORK, March 7 (Reuters) - The U.S. dollar extended losses against the euro and yen on Friday, after data showed the world's largest economy created fewer jobs than expected last month, suggesting that the Federal Reserve remained on track to cut interest rates this year.Nonfarm payrolls incr...Reuters
Fri, Mar 7
US Treasury chief says plan to be put in place on acquiring crypto
WASHINGTON, March 7 (Reuters) - Plans will be discussed about how to acquire cryptocurrency for a U.S. strategic reserve that will include bitcoin, Treasury Secretary Scott Bessent told CNBC on Friday before industry leaders meet with President Donald Trump at the White House.Bessent, in an intervie...Reuters
Fri, Mar 7
FOREX-Euro poised for best week since 2009 as dollar weakens ahead of jobs data
Dollar index at four-month lowSafe havens yen and Swiss Franc perk upBy Yadarisa Shabong and Brigid Riley March 7 (Reuters) - The euro was set for its best week in 16 years against the dollar on Friday, boosted by Germany's game-changing fiscal reforms, while worries over growth and tariffs d...Reuters
Fri, Mar 7
Trump signs order to establish strategic bitcoin reserve
Reserve capitalized with bitcoin already seized by governmentCrypto czar Sacks says no new buying of tokens initiallyBitcoin briefly dips more than 5% to below $85,000White House hosts first crypto summit on FridayBy Nandita Bose and Jasper Ward WASHINGTON, March 7 (Reuters) - U.S. President Dona...Reuters
Fri, Mar 7
