News
Important Only
BRIEF-Toyota Keeps FY2024/25 Global Group-Wide Retail Sales Forecast At 10.85 Million Vehicles
Feb 5 (Reuters) - Toyota Motor Corp 7203.T:TOYOTA KEEPS FY2024/25 GLOBAL GROUP-WIDE RETAIL SALES FORECAST AT 10.85 MILLION VEHICLESTOYOTA: SEE FY2024/25 NORTH AMERICA SALES OF 2.75 MILLION VEHICLES VERSUS PREVIOUS FORECAST OF 2.72 MILLIONTOYOTA: SEE FY2024/25 JAPAN SALES OF 2.02 MILLION VEHICLES VER...Reuters
Wed, Feb 5
Yuan weakens as fresh tariff war dogs post-holiday trade
Adds analyst comment in paragraphs 8-9 and 17, equity market in paragraph 12 SHANGHAI, Feb 5 (Reuters) - China's yuan weakened against the dollar on Wednesday in the first trading session after the week-long holiday, pressured by a new trade dispute between the world's two largest economi...Reuters
Wed, Feb 5
Australia, NZ dlrs struggle to extend gains amid brewing US trade war
SYDNEY, Feb 5 (Reuters) - The Australian and New Zealand dollars struggled on Wednesday as China markets returned from a week-long holiday with a whimper, with investors waiting to see if China and the U.S. will try to defuse their escalating trade war. The Aussie slipped 0.1% to $0.6245 AUD=D3, hav...Reuters
Wed, Feb 5
Japanese Yen rallies on strong wage growth data; USD/JPY slumps to mid-153.00s
The Japanese Yen (JPY) attracts fresh buyers after data released during the Asian session on Wednesday showed a rise in Japan's real wages, which reaffirms bets that the Bank of Japan (BoJ) will raise interest rates again.
Fxstreet
Wed, Feb 5
USD/CAD consolidates above 1.4300 mark; upside potential seems limited
USD/CAD struggles to gain any meaningful traction and hangs near a two-week trough. Subdued Oil prices and the BoC’s dovish outlook undermine the Loonie and cap the pair. The USD languishes near the weekly low and further acts as a headwind for spot prices.
Fxstreet
Wed, Feb 5
Yuan weakens as fresh tariff war dogs post-holiday trade
SHANGHAI, Feb 5 (Reuters) - China's yuan weakened against the dollar on Wednesday in the first trading session after the week-long holiday, pressured by fresh trade disputes between the world's two largest economies.Beijing on Tuesday slapped tariffs on U.S. imports in a rapid response to ne...Reuters
Wed, Feb 5
FOREX-Yuan slumps on trade-war anxiety; yen jumps
Onshore yuan falls following return from extended breakYen rises on upbeat Japanese wage gainDollar on the back foot, giving respite to peersUpdates to mid Asia morningBy Rae Wee SINGAPORE, Feb 5 (Reuters) - The yuan sank on Wednesday as a new Sino-U.S. trade war shook Chinese markets returning f...Reuters
Wed, Feb 5
BUZZ-Fed Jefferson - No need to hurry further rate cuts
FOMC ViceChair Jefferson like other Fed off'ls in no hurry to cut again soonHe does seen rates likely to fall over the medium term but not right awayDisinflation will continue though progress may be slowLike FOMC Chair Powell, notes plenty of uncertainty over government policyGrowth and labour m...Reuters
Wed, Feb 5
BUZZ-USD/JPY off leg on lower US rates, as trade concerns ease?
USD weaker on a broad front overnight, leads to leg down in USD/JPYUnsure whether easing concerns over US trade tariffs warrantedUS yields also easier, Treasury 2s @4.227%, 10s @4.526%, JGB yields firmerMore narrowing of Japan-US interest rate differentials, in 10s @322 bps nowUSD/JPY from 155.52 to...Reuters
Wed, Feb 5
FOREX-Aussie, New Zealand dollars get respite ahead of China's reopen
By Rae Wee SINGAPORE, Feb 5 (Reuters) - The Australian and New Zealand dollars clung to gains on Wednesday ahead of the resumption of trade in Chinese markets, where eyes are on Beijing's fixing of the yuan midpoint rate following the outbreak of Donald Trump's trade war.The dollar was on...Reuters
Wed, Feb 5
FOREX-US dollar edges lower as China tariffs kick in
Markets see Trump's tariff threats as a negotiating toolU.S. dollar index down 0.56% amid tariff tensionsChina imposes tariffs on U.S. imports in responseEuro and Australian dollar riseCanadian dollar down after Monday reboundPresident Trump granted Canada, Mexico 30-day reprieveUpdates with lat...Reuters
Tue, Feb 4
