News
Important Only
Argentina 'won't budget an inch' on fiscal order amid external shocks
Feb 3 (Reuters) - Argentina's Economy Minister Luis Caputo said on Monday that the country's government would "never budge an inch" from fiscal and monetary order, adding that this was the best antidote to help it navigate through the current global external shocks.His remarks came a...Reuters
Mon, Feb 3
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Monday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 1% lower at C$1.4665 to the greenback, or 68.19 U.S. cents, after trading in a range of 1.4599 to 1.4793.Canadian government 10-year bond yields CA10YT=RR fel...Reuters
Mon, Feb 3
Argentina's peso weakens slightly on first day of new currency regime
BUENOS AIRES, Feb 3 (Reuters) - The official exchange rate for the Argentine peso weakened 0.21% against the U.S. dollar on Monday, traders said, in the first trading session of a new currency regime.Last month, the Argentine central bank announced that beginning in February it would slow the rate o...Reuters
Mon, Feb 3
EMERGING MARKETS-FX, stocks rattled after Trump's tariffs unnerve investors globally
Trump slaps tariffs on Mexico, Canada and ChinaTrump to cut funding for South Africa MSCI EM FX, stocks at two week lows Updates with mid-European session tradingBy Purvi Agarwal and Marc Jones Feb 3 (Reuters) - Most emerging market assets plunged on Monday after U.S. President Donald Trump impos...Reuters
Mon, Feb 3
FOREX-Dollar surges on Trump's tariffs, sending peers to multi-year lows
Trump delivers on promise of tariffs on Mexico, Canada and ChinaCanada, Mexico vow retaliatory measures, stoking trade war fearsEuro plunges to lowest since 2022, bitcoin falls below $100,000Updates in European afternoon tradeBy Kevin Buckland, Ankur Banerjee and Greta Rosen Fondahn TOKYO/SINGAPO...Reuters
Mon, Feb 3
Pound rises against euro after Trump hints UK may avoid tariffs
By Greta Rosen Fondahn Feb 3 (Reuters) - Sterling slid against the dollar but rose against the euro on Monday as the greenback rallied after the U.S. imposed tariffs on Canada, Mexico and China, while comments from President Donald Trump fuelled hopes Britain may be able to avoid levies.The pound...Reuters
Mon, Feb 3
BUZZ-COMMENT-Tariff scepticism could trigger deeper market sell-off
Feb 3 (Reuters) - Over the weekend U.S. President Donald Trump signed an order to impose hefty tariffs of 25% on Mexico and Canada as well as 10% tariffs on China. This has taken markets by surprise, in large part due to these tariffs coming into effect much sooner than expected – Feb. 4 – which mea...Reuters
Mon, Feb 3
BUZZ-COMMENT-Options cast EUR/USD fall under parity in worrying light
Feb 3 (Reuters) - There are far less options below parity than above, and the lack of preparation for a drop which looks imminent could force a big adjustment that speeds the decline.It is surprising that there hasn't been a greater change in hedging for the drop that's implied by changing m...Reuters
Mon, Feb 3
BUZZ-COMMENT-It's not usually a good idea to be long EUR/USD in Feb
Feb 3 (Reuters) - It is not usually a good idea to go long of EUR/USD in February and this will likely be the case in 2025.EUR/USD seasonal performance since 2000 shows it has fallen in February for 15 of the past 25 years, including the last eight years in a row. However, seasonality patterns shoul...Reuters
Mon, Feb 3
BUZZ-COMMENT-Swedish crown's recovery trend under threat
Feb 3 (Reuters) - U.S. President Donald Trump's tariff threats seriously pressured the euro and other European currencies but as corrections take hold the Swedish crown continues to under-perform and EUR/SEK is threatening to remove key resistance points.The Swedish economy is extremely sensitiv...Reuters
Mon, Feb 3
Bitcoin drops to 3-week low as Trump tariffs rattle markets
Updates prices, adds data in paragraphs 5-7, comment from analysts in 10-11 and 17-18 SINGAPORE/PARIS, Feb 3 (Reuters) - Cryptocurrency prices slid on Monday, with bitcoin at a three-week low, as the risk of a trade war spooked investors and caused a selloff across financial markets.Bitcoin BTC=,...Reuters
Mon, Feb 3
INDIA RUPEE-Rupee sinks to lifetime low as Trump tariffs unnerve global markets
By Jaspreet Kalra MUMBAI, Feb 3 (Reuters) - The Indian rupee fell to a record low on Monday after U.S. President Donald Trump slapped tariffs on imports from the country's three biggest trade partners, stoking fears of a trade war that rattled global financial markets.The rupee INR=IN decline...Reuters
Mon, Feb 3
