News
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BUZZ-COMMENT-Trump-Starmer warmth is positive for King's currency
Feb 28 (Reuters) - Sterling bulls have reasons to be cheerful after Thursday's White House meeting between Donald Trump and Keir Starmer, which included Trump accepting an invitation from King Charles for a future state visit. The bonhomie between the U.S. President and UK Prime Minister suggest...Reuters
Fri, Feb 28
Allianz posts P&C combined ratio of 94.7% as loss ratio improves
By Rebecca DelaneyFeb 28 - (The Insurer) - Allianz reported a P&C combined ratio of 94.7% for the fourth quarter of 2024 on Friday, driven by favourable development in the loss ratio.The Q4 combined ratio improved by 0.2 percentage points year on year.Total group business volume during the quart...Reuters
Fri, Feb 28
Forex Today: US Dollar consolidates weekly gains ahead of key inflation data
Here is what you need to know on Friday, February 28: The US Dollar (USD) Index, which tracks the USD's performance against a basket of six major currencies, clings to small daily gains after touching a two-week-high near 107.50 early Friday.Fxstreet
Fri, Feb 28
BUZZ-COMMENT-This may not be a turning point for the dollar, but worth consideration
Feb 28 (Reuters) - This may not be a turning point for dollar, but the idea is worth consideration due to the dip in its value against expectation, and the prospect that OPEC policy leads to a more extensive easing cycle in the United States.In a little over a month the dollar index has shed roughly...Reuters
Fri, Feb 28
Spectre of Trump's tariffs hammers risk currencies, crypto
SINGAPORE, Feb 28 (Reuters) - Investors unnerved by the prospect of U.S. President Donald Trump's impending tariffs drove a wave of selling on Friday in risk-sensitive currencies such as the Aussie, sent bitcoin tumbling and gave safe-haven support to the dollar.Reuters
Fri, Feb 28
EUR/USD weakens below 1.0400 as traders brace for US PCE release
The EUR/USD pair remains under selling pressure near 1.0390 during the Asian trading hours on Friday. The Euro (EUR) weakens against the US Dollar (USD) amid the risk-off mood. The US Personal Consumption Expenditures (PCE) Price Index will take center stage later on Friday.Fxstreet
Fri, Feb 28
INDIA RUPEE-Rupee dips to near key support level at which central bank intervened
By Nimesh Vora MUMBAI, Feb 28 (Reuters) - The Indian rupee declined on Friday to a level that bankers said was a key support, pressed by the risk-off mood and the weakness in Asian peers on renewed worries over U.S. tariffs.The rupee INR=IN was quoted at 87.3850 to the U.S. dollar at 10:58 a.m. ...Reuters
Fri, Feb 28
