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Forex Today: US Dollar rebounds on Trump tariff talks, eyes on US data
Here is what you need to know on Tuesday, January 28: Following Monday's choppy action, the US Dollar gathers strength against its rivals early Tuesday as markets assess US President Donald Trump's latest comments on tariffs.Fxstreet
Tue, Jan 28
BRIEF-ING Groep To Sell Its Business In Russia To Global Development JSC
Jan 28 (Reuters) - ING Groep N.V. INGA.AS:ING TO SELL ITS BUSINESS IN RUSSIA TO GLOBAL DEVELOPMENT JSCTRANSACTION EXPECTED TO BE CLOSED IN Q3 OF 2025EXPECTS NEGATIVE P&L IMPACT OF €0.7 BILLION POST TAXTRANSACTION WILL EFFECTIVELY END ING'S ACTIVITIES IN RUSSIAN MARKETESTIMATED BOOK LOSS OF €...Reuters
Tue, Jan 28
FOREX-Currency market whiplashed on tariff, DeepSeek concerns
Broader markets remain on edge after DeepSeek's AI launchTrump's tariff threats hit euroUS dollar steadies as FOMC meeting begins on TuesdayYen gives up gains on Monday's safe-haven bidsUpdates to Asia afternoonBy Brigid Riley TOKYO, Jan 28 (Reuters) - The dollar firmed against the ye...Reuters
Tue, Jan 28
GBP/USD drops below 1.2500 due to dovish BoE, Trump tariff plans
The GBP/USD pair halts its three-day winning streak as the British Pound (GBP) faces headwinds due to growing market expectations of a near-certain rate cut by the Bank of England (BoE) to 4.5% at its upcoming meeting.Fxstreet
Tue, Jan 28
BUZZ-COMMENT-BOJ's hawkish hike may signal more frequent moves
Jan 28 (Reuters) - The Bank of Japan hiked its policy rate Friday in an 8-1 vote, a more hawkish outcome than many expected. With Governor Kazuo Ueda emphasising the importance of upcoming data and wage talks, the BOJ could take a more aggressive stance depending on economic developments.While Ueda ...Reuters
Tue, Jan 28
FOREX-Currency markets jittery as traders assess DeepSeek, tariff concerns
Broader markets remain on edge after DeepSeek's AI launchTrump's tariff threats hit euroUS dollar steadies as FOMC meeting begins on TuesdayBy Brigid Riley TOKYO, Jan 28 (Reuters) - The Japanese yen gave up some of the safe-haven driven gains on Tuesday as investors grappled with the pote...Reuters
Tue, Jan 28
BUZZ-COMMENT-Australia Q4 CPI likely to pave way to Feb rate cut
Jan 28 (Reuters) - Australia's fourth-quarter consumer price report on Wednesday is key for Reserve Bank of Australia expectations and might be benign enough to prompt an easing as early as February.Annual Q4 headline CPI is forecast to drop to 2.5%, the lowest since early 2021, though this may ...Reuters
Tue, Jan 28
Japan’s Akazawa: Will closely monitor the impact of rate hike on economy
Japan's Economy Minister Ryosei Akazawa said on Tuesday that he ”will closely monitor the impact of the rate hike on the economy.” Separately, the Bank of Japan (BoJ) announced that it would provide JPY200 billion through the outright purchase of commercial paper.Fxstreet
Tue, Jan 28
Australia, NZ dlrs sideswiped by tech rout, tariff threats
SYDNEY, Jan 28 (Reuters) - The Australian and New Zealand dollars slid on Tuesday as a rout in U.S. tech stocks bruised risk sentiment, while President Donald Trump threatened to slap tariffs on a range of goods including copper and steel.Australia is a major exporter of copper and the iron ore that...Reuters
Tue, Jan 28
