News
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JPMorgan sours on hard currency sovereign debt
By Rodrigo CamposNEW YORK, March 6 (Reuters) - JPMorgan has lowered its view on emerging markets sovereign debt in dollars, bank analysts said in a Thursday note."We think valuations near historical tights may not withstand a larger correction in risk assets," said JPMorgan analysts includin...Reuters
Thu, Mar 6
FOREX-US dollar sinks as growth concerns weigh; safe-havens yen, Swiss franc advance
ECB cuts rates, but raises near-term inflation forecastEuro posts largest weekly gain since March 2020U.S. dollar index hovers at 4-month lowsBy Gertrude Chavez-Dreyfuss NEW YORK, March 6 (Reuters) - The safe-haven yen and Swiss franc climbed in volatile trading on Thursday, while the dollar slum...Reuters
Thu, Mar 6
FOREX-US dollar wobbles as growth concerns weigh; safe-havens yen, Swiss franc rise
ECB cuts rates, but raises near-term inflation forecastEuro on track for largest weekly gain since March 2020U.S. dollar index hovers at 4-month lowsBy Gertrude Chavez-Dreyfuss NEW YORK, March 6 (Reuters) - The safe-haven yen and Swiss franc advanced in choppy trading on Thursday, while the U.S. ...Reuters
Thu, Mar 6
COMMENT-US recap: EUR/USD turns lower after ECB rate cut
March 6 (Reuters) - The dollar index pared losses after falling to its lowest level since U.S. elections on Thursday as worries about a slowing U.S. economy, the outlook for AI and ongoing trade war weighed on share prices.Treasury 2-year yield fell after a report that announced layoffs tracked by C...Reuters
Thu, Mar 6
IMF says further Japan rate hikes should be data-driven, gradual
WASHINGTON, March 6 (Reuters) - The International Monetary Fund on Thursday said it had been supportive of the Bank of Japan's monetary policy decisions, and further hikes in interest rates should be data-driven and proceed at a gradual pace.IMF spokesperson Julie Kozack told reporters that Japa...Reuters
Thu, Mar 6
Mexican Peso gains as Trump exempts tariffs on USMCA products
The Mexican Peso (MXN) appreciated against the US Dollar (USD) on Thursday after United States (US) President Donald Trump said that Mexico would be exempt from paying tariffs on anything falling within the United States-Mexico-Canada Agreement (USMCA).
Fxstreet
Thu, Mar 6
ECB cuts rates again but risk of April pause growing
Deposit rate cut to 2.5% as expectedSays rates meaningfully less restrictiveCuts economic growth outlook, raises 2025 inflation ECB Rate Decision Live By Balazs Koranyi and Francesco Canepa FRANKFURT, March 6 (Reuters) - The European Central Bank cut interest rates again on Thursday b...Reuters
Thu, Mar 6
CANADA FX DEBT-Canadian dollar notches 9-day high on tariff reprieve hopes
Canadian dollar gains 0.3% against the greenbackTouches its strongest since February 25 at 1.4243Canada's trade surplus widens to C$4 billionBond yields rise across the curveBy Fergal Smith TORONTO, March 6 (Reuters) - The Canadian dollar strengthened to a nine-day high against its U.S. count...Reuters
Thu, Mar 6
ANALYSIS-For markets, German fiscal splurge blurs ECB outlook
Traders curb ECB rate cut bets after German fiscal proposal, ECBECB cuts rates but statement seen as mildly hawkish Bond yields post historical surge, euro at four-month highBy Yoruk Bahceli and Dhara Ranasinghe LONDON, March 6 (Reuters) - A tectonic shift in German fiscal policy has compounded u...Reuters
Thu, Mar 6
Brazilian fintech Meliuz adopts bitcoin reserve strategy; shares soar
SAO PAULO, March 6 (Reuters) - Brazilian fintech Meliuz CASH3.SA has launched a new strategy allowing it to allocate part of its cash reserves in bitcoin and could eventually make the cryptocurrency the main asset of its treasury, it said on Thursday.The company's Sao Paulo-traded shares jumped ...Reuters
Thu, Mar 6
COMMENT-USD/JPY pares drop though tide stays bearish
Stretched yen longs are facing an intraday setback though they're unlikely to exit their positions.Higher Treasury yields, following comments from Commerce Secretary Howard Lutnick about potentially lowering tariffs in the future, are supporting USD/JPY.However, Thursday's report of a four-y...Reuters
Thu, Mar 6
Microsoft to invest $300 million more in South Africa's AI infrastructure
By Nqobile Dludla JOHANNESBURG, March 6 (Reuters) - Microsoft MSFT.O will invest an additional 5.4 billion rand ($296.81 million) by the end of 2027 to expand its cloud and artificial intelligence infrastructure in South Africa to meet the growing demand for the company's Azure services in th...Reuters
Thu, Mar 6
UK inflation hump unlikely to lead to long-term price pressures, BoE's Mann says
By Suban AbdullaLONDON, March 6 (Reuters) - Bank of England policymaker Catherine Mann said on Thursday a pick up in inflation was unlikely to lead to longer-term price problems in Britain's economy, and that global volatility had weakened the case for a gradual approach to cutting rates. "I...Reuters
Thu, Mar 6
