News
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US Treasury's Bessent says stronger growth will drive real wages higher, rates lower
WASHINGTON, Feb 5 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday he wants to drive wages higher to address affordability challenges for Americans by increasing energy production, making expiring tax cuts permanent and energizing private sector growth in the economy."We'r...Reuters
Wed, Feb 5
CANADA FX DEBT-Canadian dollar stabilizes as tariff concerns ebb
Loonie touches a 2-week high at 1.4266Canada posts first trade surplus in 10 monthsPrice of U.S. oil settles 2.3% lowerBond yields ease across the curveBy Fergal Smith TORONTO, Feb 5 (Reuters) - The Canadian dollar steadied near a two-week high against its U.S. counterpart on Wednesday as data sh...Reuters
Wed, Feb 5
FOREX-Dollar slides as trade war risk recedes, yen rallies
Updates with late U.S. tradeDollar falls as decline from Monday's high continuesTrump negotiating on tariffs seen as positive signalYen rallies on wage dataBy Hannah Lang NEW YORK, Feb 5 (Reuters) - The U.S. dollar fell to its lowest in more than a week on Wednesday as investor nerves about a...Reuters
Wed, Feb 5
CORRECTED-POLL-More crowded US dollar trade ramps up expectations for euro parity
In paragraph 5, corrects title of Meera Chandan to co-head global FX strategy, not head of FXreuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=EUR= poll dataEuro may hit parity with dollar, a third of FX strategists predictUS dollar strength supported by robust economy and high bon...Reuters
Wed, Feb 5
BUZZ-COMMENT-US recap: EUR/USD rises for second day as dollar slumps
Feb 5 (Reuters) - The U.S. dollar index slumped with Treasury yields on Wednesday following Fed comments and a report that suggests the U.S. services sector may be losing steam at the same time inflation pressures are cooling, potentially opening the door for more rate cuts. ISM’s non-manufacturing...Reuters
Wed, Feb 5
BlackRock prepares to launch bitcoin exchange-traded product in Europe, source says
By Iain Withers LONDON, Feb 5 (Reuters) - BlackRock BLK.N is gearing up to launch a bitcoin exchange-traded product in Europe within weeks, a source familiar with the matter told Reuters, amid growing demand for exposure to cryptocurrencies from both money managers and consumers.The product will ...Reuters
Wed, Feb 5
BUZZ-COMMENT-Yen gathers support from shifting BOJ expectations
Bank of Japan efforts to combat inflation and concerns over global tariffs will strengthen the yen.On Wednesday, the yen surged following strong Japanese wage data, PMIs, and earnings, which pushed the 2-year JGB yield to its highest point since 2008 while flattening of the yield curve. Market expec...Reuters
Wed, Feb 5
FOREX-Dollar slides as trade war risk recedes, yen rallies
Dollar falls as slide from Monday's high continuesTrump negotiating on tariffs seen as positive signalYen rallies on wage dataUpdates with U.S. morning tradeBy Hannah Lang and Harry Robertson NEW YORK/LONDON, Feb 5 (Reuters) - The U.S. dollar fell to its lowest in more than a week on Wedn...Reuters
Wed, Feb 5
BUZZ-COMMENT-Dollar move is corrective, not yet a 2017 repeat
Feb 5 (Reuters) - With the tariff noise dying down, this has meant that the tariff risk premium built up in the dollar has continued to unwind.While the pullback in the greenback appears to be more corrective in nature, the topping out of both U.S. yields and heavyweight tech stocks such as Nvidia d...Reuters
Wed, Feb 5
BUZZ-COMMENT-US inflation signals may trump EUR/USD's bullish techs
Feb 5 (Reuters) - EUR/USD struck a 4-session high after rallying above the 55-day moving average Wednesday but bulls may have a rough road ahead if U.S. inflation markets have anything to say.U.S. 2-year USBEI2Y=RR and 5-year USDEI5Y=RR inflation break evens recently completed consolidation phases, ...Reuters
Wed, Feb 5
BUZZ-COMMENT-Sterling's rise may be limited ahead of BoE, payrolls
Sterling rose above its 55-DMA at 1.2510 and recent trend high at 1.2523 in Wednesday trade, driven by unwinding dollar longs following recent U.S. tariff deescalation, though the pound's current bid may be short-lived as attention shifts to monetary policy ahead of Thursday's BoE rate decis...Reuters
Wed, Feb 5
Vietnam's trade surplus with US hits record high in 2024
Vietnam's trade surplus up nearly 20% to more than $123 billionAll partners with bigger gaps face duties or threats of tariffsVietnam may reduce duty risks with vows to import more, analysts sayBy Francesco Guarascio HANOI, Feb 5 (Reuters) - Vietnam's trade surplus with the U.S. soared to...Reuters
Wed, Feb 5
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
The Canadian dollar strengthened against the greenback on Wednesday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.2% higher at C$1.4292 to the greenback, or 69.97 U.S. cents, after trading in a range of 1.4271 to 1.4344.Canadian government 10-year bond yields CA1...Reuters
Wed, Feb 5
