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CANADA FX DEBT - Canadian dollar strengthens, benchmark yield climbs
The Canadian dollar strengthened against the greenback on Tuesday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0% higher at C$1.431 to the greenback, or 69.88 U.S. cents, after trading in a range of 1.4309 to 1.4345.Canadian government 10-year bond yields CA10YT=R...Reuters
Tue, Feb 11
FOREX-Dollar set to snap 3-day rise before Powell testimony, US data
Dollar set to snap a 3-day rising streakPowell's testimony, U.S. consumer prices in focusYen drops versus the greenback, euro upRecasts lead, adds commentsBy Stefano Rebaudo Feb 11 (Reuters) - The U.S. dollar was set to snap a three-day rising streak on Tuesday as markets became increasingly ...Reuters
Tue, Feb 11
BUZZ-COMMENT-Gold could rise but it's no longer a safe bet
Gold, which has almost doubled in value in a little over two years, could rise further but it's no longer a safe bet as a growing risk investment in it becomes overcrowded.In 2022, this happened to the dollar with the greenback, which is far more liquid than gold, losing 12% of its value in just...Reuters
Tue, Feb 11
BUZZ-COMMENT-Dollar's downside limited by solid technical support
Feb 11 (Reuters) - The U.S. dollar's downside is limited by solid technical support that could lead to greenback gains in the days and weeks ahead.The dollar is consolidating on Tuesday as markets become increasingly numb to U.S. tariff threats while awaiting testimony from Federal Reserve Chair...Reuters
Tue, Feb 11
Sterling edges down versus euro before economic data and BoE Bailey speech
By Stefano Rebaudo Feb 11 (Reuters) - Sterling edged down versus the euro and was unchanged against the dollar as investors awaited economic data on both sides of the Atlantic and a speech from Bank of England Governor Andrew Bailey later in the day.BoE policymaker Catherine Mann said that UK pri...Reuters
Tue, Feb 11
USD/CAD Price Forecast: Stuck in a familiar range ahead of Fed’s Powell
USD/CAD edges higher as Trump’s new tariff provides a modest lift to the safe-haven USD. Recovering crude Oil prices and reduced bets for a March BoC rate cut underpin the Loonie. Investors now look to Fed Chair Jerome Powell’s testimony for some meaningful impetus.Fxstreet
Tue, Feb 11
FOREX-Dollar little changed before Fed testimony, U.S. data
Dollar holds gains on Trump tariffsPowell's testimony, U.S. consumer prices on tapEuro, sterling down a touchRecasts, adds comments, backgroundBy Stefano Rebaudo and Rae Wee Feb 11 (Reuters) - The U.S. dollar struggled for direction on Tuesday as markets became increasingly numb to U.S. tarif...Reuters
Tue, Feb 11
GBP/USD: Downward momentum can lead to GBP edging lower – UOB Group
Tentative buildup in downward momentum could lead to Pound Sterling (GBP) edging lower; the major support at 1.2310 is unlikely to come into view. In the longer run, for the time being, GBP is likely to trade in a 1.2310/1.2550 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Feb 11
