News
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EUR/USD maintains position above 1.0800 near four-month highs
EUR/USD edges higher after registering losses in the previous session, trading around 1.0810 during the Asian hours on Friday. The pair gains ground as the US Dollar loses ground, driven by falling Treasury yields as markets anticipate more aggressive Fed rate cuts this year amid US growth concerns.
Fxstreet
Fri, Mar 7
USD/CAD moves away from one-week low, retakes 1.4300 ahead of US/Canadian jobs reports
The USD/CAD pair builds on the overnight bounce from the 1.4240-1.4235 region, or a one-and-half-week low, and gains some positive traction during the Asian session on Friday. This marks the first day of a positive move in the previous three and lifts spot prices back above the 1.4300 round figure..
Fxstreet
Fri, Mar 7
China's January-February exports, imports weaker than expected
BEIJING, March 7 (Reuters) - China's exports lost momentum over the January-February period and imports unexpectedly shrank, amid escalating trade tensions with the United States, dealing a blow to an economic recovery that has so far largely been reliant on exports.Exports from the largest manu...Reuters
Fri, Mar 7
INDIA RUPEE-Rupee battles weak risk, failure at psychological level
By Nimesh Vora MUMBAI, March 7 (Reuters) - The Indian rupee could face downward pressure on Friday on heightened risk aversion stemming from U.S. tariff uncertainty, compounded by its failure to breach a key level.The 1-month non-deliverable forward indicated that the rupee INR=IN will open flat...Reuters
Fri, Mar 7
Australia, NZ dollars await US jobs data amid tariff confusion
SYDNEY, March 7 (Reuters) - The Australian and New Zealand dollars were mostly steady ahead of U.S. payrolls on Friday, with much of their hefty gains this week dependant on whether the data can alleviate economic concerns in the U.S. amid an uncertain tariff rollout. The Aussie AUD=D3 slipp...Reuters
Fri, Mar 7
FOREX-US dollar struggles near 4-month low amid growth concern; jobs data in spotlight
Major currencies little changedFocus is on US nonfarm payrollsEuro eyes biggest weekly gain in yearsShifting US tariff policies fuel uncertaintyBy Brigid Riley TOKYO, March 7 (Reuters) - The U.S. dollar wallowed near a four-month low on Friday as ever-shifting tariff policies fanned uncertainty ...Reuters
Fri, Mar 7
Japan finance minister warns of action against FX volatility after yen rebounds
By Makiko Yamazaki TOKYO, March 7 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Friday that authorities would take appropriate action against excessive moves in the foreign exchange market, reiterating the warning after the yen's rise to five-month highs."We've been see...Reuters
Fri, Mar 7
Japan FinMin mouthing on FX seen just lip-service
Japan FinMin Kato vowed appropriate action excessive FX moves todayImportant for currencies to move in stable manner reflecting fundamentalsRecent FX moves one-sided, rapidThese comments somewhat of a surprise with govt seen happy with JPY gainsRecent JPY gains also relatively "orderly", not...Reuters
Fri, Mar 7
Japan will take appropriate action on excessive FX moves, finance minister says
TOKYO, March 7 (Reuters) - Japanese Finance Minister Katsunobu Kato reiterated on Friday that authorities would take appropriate action against excessive moves in the foreign exchange market."We've been seeing one-sided, rapid moves," Kato said at a regular press conference. "We'...Reuters
Fri, Mar 7
Trump signs order to establish strategic bitcoin reserve, White House crypto czar says
WASHINGTON, March 6 (Reuters) - U.S. President Donald Trump signed an executive order on Thursday to establish a strategic bitcoin reserve, White House crypto czar David Sacks said in a post on X.The reserve will be capitalized with bitcoin owned by the federal government that was forfeited as part ...Reuters
Fri, Mar 7
USD/JPY ratchets down again, retracement to lower ceiling
USD/JPY down to as low as 147.31 EBS yesterday on stops sub-148.00Bounce thereafter but limited to 148.38, seems sky falling for pairAsia 147.81-148.06, well below descending daily Ichimoku tenkan at 149.30Resistance today from flat hourly Ichi kijun at 148.31Still descending hourly Ichi cloud 149.0...Reuters
Fri, Mar 7
