News
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FOREX-Yen marches higher on rate hike bets; US jobs data in focus
Dollar/yen briefly breaks below 151 as traders bet on more BOJ hikesSterling licks wounds after Thursday's BOE meetingOther major currencies steady with focus on US payrolls reportBy Brigid Riley TOKYO, Feb 7 (Reuters) - The yen climbed to a nine-week high as market players piled on bets for ...Reuters
Fri, Feb 7
IMF expects BOJ to raise rates again this year, eye neutral level by end-2027
Further BOJ rate hikes should be gradual, flexible, IMF saysRising wages to underpin domestic demand, Japan's economyOverseas uncertainty, geopolitical fragmentation among risksRisk of yield spike low due to gradual pace of rate hikes, QTJapan must end fuel subsidies, put in clear fiscal reform ...Reuters
Fri, Feb 7
BIS warns on risks to economies, central bank policy over Trump uncertainties
By Marc Jones LONDON, Feb 6 (Reuters) - The world's leading central bank umbrella group, the Bank for International Settlements, has delivered its first public warning about the risks posed by U.S. President Donald Trump's trade war and deregulation plans.BIS head Agustin Carstens said tr...Reuters
Fri, Feb 7
BUZZ-USD/JPY off with US yields heavy, on NFP risk, hawkish BOJ
USD/JPY down big leg with US yields heavy, on NFP risk, hawkish BOJ viewDown to 151.24 yesterday, off more in Asia today, to 150.96 EBS, high 151.60US yields up from lows this wk but still heavy, Tsy 2s @4.214%, 10s @4.433%Markets nervous over US jobs report tonight, NFP seen softer at +170kMore haw...Reuters
Fri, Feb 7
Australia, NZ dollars fight to keep rally alive after wild week
SYDNEY, Feb 7 (Reuters) - The Australian and New Zealand dollars were weathering a bad case of whiplash on Friday having rallied from dizzying lows hit early in the week, but remain vulnerable to a relapse should looming U.S. jobs data outpace expectations.There is more than the usual uncertainty ar...Reuters
Fri, Feb 7
FOREX-Yen hits 8-week high, sterling drops after Bank of England rate cut
Updates with late U.S. tradeSterling slips after Bank of England rate cutYen pares gains after hitting 8-week high versus dollarDollar slightly higher, but still near recent lowsBy Hannah Lang NEW YORK, Feb 6 (Reuters) - The yen touched an eight-week high versus the dollar on Thursday after a Ban...Reuters
Thu, Feb 6
US Treasury Secretary Bessent says strong dollar policy remains intact under Trump, Bloomberg reports
Feb 6 (Reuters) - U.S. Treasury Secretary Scott Bessent maintained the U.S. continues to have a strong dollar policy under President Donald Trump, he told Bloomberg Television in an interview on Thursday."We want the dollar to be strong. What we don’t want is other countries to weaken their curr...Reuters
Thu, Feb 6
BUZZ-COMMENT-US recap: EUR/USD eases in mixed market, pound falls after BoE
Feb 6 (Reuters) - The dollar traded mixed on Thursday with sterling posting a loss after a widely expected quarter-point rate cut from the Bank of England rate cut was accompanied by dovish messaging, while the yen rose broadly, reaching and eight-week high against the greenback. The U.S. market foc...Reuters
Thu, Feb 6
CANADA FX DEBT-Canadian dollar steadies ahead of January jobs report
Loonie trades in a range of 1.4304 to 1.4366Ivey PMI shows activity contracting in JanuaryPrice of oil falls 0.5%10-year yield rises 4.3 basis pointsBy Fergal Smith TORONTO, Feb 6 (Reuters) - The Canadian dollar steadied against its U.S. counterpart on Thursday as investors awaited monthly employ...Reuters
Thu, Feb 6
Bank of England cuts rates and growth outlook, sees inflation 'bump'
Bank of England cuts interest rates to 4.5% from 4.75%MPC's Dhingra and Mann vote for bigger cut to 4.25%BoE sees inflation peaking at 3.7% this yearGrowth outlook for 2025 halved to 0.75%Investors see 2-3 more rate cuts in 2025Updates economist and market reaction, adds detail from press confer...Reuters
Thu, Feb 6
