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EUR/USD is holding steady around 1.03 – Danske Bank
EUR/USD has dropped toward 1.03 following another tariff headline over the weekend, with Trump announcing that he will impose 25% tariffs on US imports of steel and aluminum - primarily impacting Canada, Mexico, Brazil, and China, Danske Bank's FX analysts report.
Fxstreet
Tue, Feb 11
Pound Sterling faces pressure as BoE Mann guides dovish monetary policy outlook
The Pound Sterling is under pressure on Tuesday as BoE official Catherine Mann is concerned over weak demand and guides cracks in the labor market. US President Trump imposes 25% tariffs on steel and aluminum and is poised to announce reciprocal tariffs. Investors await BoE Bailey and Fed Powell’s s
Fxstreet
Tue, Feb 11
NZD/USD Price Forecast: Finds immediate barrier at nine-day EMA near 0.5650
NZD/USD tests the immediate resistance at a nine-day EMA of 0.5654. The 14-day RSI is positioned below the 50 level, suggesting a bearish bias is active. A successful break below 0.5650 could lead the pair to approach the rectangle’s lower boundary at the 0.5550 level.
Fxstreet
Tue, Feb 11
EUR/USD Price Forecast: Bearish outlook remains intact near 1.0300
EUR/USD remains weak near 1.0305 in Tuesday’s early European session. The pair keeps the negative outlook below the 100-day EMA with a bearish RSI indicator. The initial support emerges at 1.0250; the first upside barrier is located at 1.0406.Fxstreet
Tue, Feb 11
FOREX-Dollar supported by Trump tariff moves; eyes on Powell, US inflation
Dollar holds gains on Trump tariffsPowell's testimony, U.S. consumer prices on tapEuro, sterling down a touchUpdates to Asia afternoonBy Rae Wee SINGAPORE, Feb 11 (Reuters) - The dollar firmed on Tuesday after U.S. President Donald Trump moved to substantially raise tariffs on steel and alumi...Reuters
Tue, Feb 11
USD/CAD holds gains near 1.4350 amid escalating trade tensions
USD/CAD strengthened due to rising trade war tensions as Trump expanded tariffs on steel and aluminum imports. President Trump raised import duty on steel and aluminum imports to a flat 25% without exceptions or exemptions. Canada’s Industry Minister condemned the tariffs as “totally unjustified” an
Fxstreet
Tue, Feb 11
INDIA RUPEE-Rupee seen dipping at open on Trump's tariff turbulence
By Nimesh Vora MUMBAI, Feb 11 (Reuters) - The Indian rupee is poised to open slightly weaker on Tuesday after U.S. President Donald Trump made good on his threat of imposing tariffs on steel and aluminium imports, fuelling fears of a wider trade war. The 1-month non-deliverable forward indica...Reuters
Tue, Feb 11
BUZZ-COMMENT-Yuan bears betting on Trump tariffs are short-sighted
Feb 11 (Reuters) - Most traders see the yuan weakening ahead, whether by intentional devaluation amid the trade standoff between China and the U.S., or due to economic weakness prompting more monetary policy easing. Those views could be short-sighted. The latest Reuters Asia FX positioning poll reve...Reuters
Tue, Feb 11
Japanese Yen bulls seem non-committed amid worries about Trump’s new tariffs
The Japanese Yen edges higher as Trump’s new tariffs boost demand for safe-haven assets. Bets that the BoJ will hike rates further turn out to be another factor underpinning the JPY. Expectations that the Fed could delay rate cuts benefit the USD and lend support to USD/JPY.
Fxstreet
Tue, Feb 11
Iron ore climbs as potential supply disruptions counter Trump tariff threat
By Amy Lv and Lewis Jackson BEIJING, Feb 11 (Reuters) - Prices of iron ore futures extended gains for a second straight session on Tuesday, as concerns over weather-related supply disruptions in major supplier Australia outweighed unrest from new tariffs unveiled by U.S. President Donald Trump.Th...Reuters
Tue, Feb 11
PRESS DIGEST- Financial Times - February 11
Feb 11 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines- UK inflation less of a threat as corporate pricing power weakens, says BoE official- Deutsche Bank fined 10 million euros by Spanish r...Reuters
Tue, Feb 11
