News
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Chubb in record $1.58bn Q4 P&C UW gain as it discloses $1.5bn Q1 LA wildfire estimate
By James ThalerJan 28 - (The Insurer) - Chubb’s underwriting gain grew by 3.8 percent to a record $1.58bn in Q4 2024, driven by net earned premiums that increased by 8.1 percent and an improved core loss ratio as well as higher reserve releases, which helped offset pre-tax cat losses that doubled to...Reuters
Tue, Jan 28
Brazil central bank announces $2 bln dollar auction with repurchase agreement
SAO PAULO, Jan 28 (Reuters) - The Brazilian central bank will offer up to $2 billion at a dollar auction with repurchase agreement on Wednesday morning, the monetary authority announced in a statement on Tuesday.Reuters
Tue, Jan 28
Australia CPI expected to ease further in December, nearing RBA’s target
Australia will release fresh inflation-related data on Wednesday, and financial markets anticipate price pressures eased further at the end of 2024, paving the way for a Reserve Bank of Australia (RBA) interest rate cut when it meets in February.
Fxstreet
Tue, Jan 28
FOREX-US dollar advances against yen amid fresh tariffs threats
Trump's tariff threats boost dollar, hit euroFederal Reserve begins two-day rate-setting meetingU.S. dollar strengthens against Swiss francUpdates prices throughout and adds fresh analyst commentBy Chibuike Oguh and Greta Rosen Fondahn NEW YORK/GDANSK, Jan 28 (Reuters) - The U.S. dollar advan...Reuters
Tue, Jan 28
BUZZ-COMMENT-US recap: Dollar recovers from Monday's slide
Jan 28 (Reuters) - The U.S. dollar rose with Treasury yields on Tuesday as US tech shares rebounded from Monday’s slide, fueled by gains in Apple, while Trump tariff rhetoric underpinned the greenback even as the near-term focus shifted to the outcome of a two-day Fed policy meeting and tech earning...Reuters
Tue, Jan 28
Mexican Peso stages recovery amid trade war tensions, improved risk appetite
The Mexican Peso (MXN) recovered some ground after Monday’s session, when it depreciated over 2% due to United States (US) President Donald Trump's trade threats to Colombia over its reluctance to accept Washington’s conditions on receiving planes carrying illegal immigrants.
Fxstreet
Tue, Jan 28
CANADA FX DEBT-Canadian dollar dips on US trade tariff risk
Canadian dollar falls 0.2% against the greenbackTrades in a range of 1.4369 to 1.4420Oil holds near multi-week lowBond yields rise across the curveBy Fergal Smith Jan 28 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Tuesday ahead of an expected interest rate cut by t...Reuters
Tue, Jan 28
FOREX-US dollar strengthens against yen amid fresh tariffs threats; DeepSeek concerns fade
Trump's tariff threats boost dollar, hit euroFederal Reserve begins two-day rate-setting meetingU.S. dollar strengthens against Swiss francUpdates headline, first paragraph and prices throughout, adds fresh analyst commentBy Chibuike Oguh and Greta Rosen Fondahn NEW YORK/GDANSK, Jan 28 (Reute...Reuters
Tue, Jan 28
BUZZ-COMMENT-USD/JPY to be choppy as liquidity fades, events approach
Yen traders will need to stay agile in the coming sessions due to decreasing liquidity and several key events. Lunar New Year will affect trading in Asia this week while the Fed is expected to maintain its rate corridor at 4.25-4.50% on Wednesday and the Bank of Canada is anticipated to cut its benc...Reuters
Tue, Jan 28
French investigators open fraud probe against crypto platform Binance
France opens judicial probe into BinanceCharges include money laundering, tax fraudBinance denies allegations, says will fight chargesUpdates to add response from Binance in paragraphs 4 and 7, context on Binance throughout PARIS, Jan 28 (Reuters) - French investigators said on Tuesday they had o...Reuters
Tue, Jan 28
ANALYSIS-Trump's digital dollar ban gives China and Europe's CBDCs free rein
Trump executive order last week banned 'digital dollar'With world reserve currency AWOL, China and Europe can fill voidU.S. ban adds to geopolitical divide over digital currencies By Marc Jones LONDON, Jan 28 (Reuters) - Donald Trump's rapid move to ban a "digital dollar" has...Reuters
Tue, Jan 28
BUZZ-COMMENT-BoC guidance matters more to CAD than policy action
Jan 28 (Reuters) - The Bank of Canada is widely expected to cut rates further on Wednesday, albeit at a slower pace of 25bps to take its main policy rate to 3% and thus move into the bank’s estimated neutral rate range of 2.25-3.25%. However, given the backdrop of potential tariffs being imposed on...Reuters
Tue, Jan 28
Atlas Copco sees stable near-term customer activity after Q4 profit beat
Adds comment on vacuum equipment orders in paragraph 4, analyst quote in paragraph 7, CEO quotes on the US in paragraphs 8-9Jan 28 (Reuters) - Swedish industrial group Atlas Copco ATCOa.ST on Tuesday reported a fourth-quarter operating profit above market expectations and said it saw no changes to c...Reuters
Tue, Jan 28
