News
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FOREX-Dollar slides as Trump softens tone on China tariffs
Dollar eyes worst week in over a yearYen unchanged after BOJ hike, upward revision to inflation forecastsEuro, sterling track 2% rise against greenback on the weekUpdates in European afternoon tradeBy Rae Wee and Greta Rosen Fondahn SINGAPORE/GDANSK, Jan 24 (Reuters) - The dollar fell on Friday, ...Reuters
Fri, Jan 24
RPT-BREAKINGVIEWS-Larry Fink uncomfortably blurs crypto lines
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.By Jonathan Guilford NEW YORK, Jan 23 (Reuters Breakingviews) - What is a digital currency worth? If it has President Donald Trump’s name on it, the answer right now is more than $7 billion. Despite years of shou...Reuters
Fri, Jan 24
ECB pitches digital euro as response to Trump's crypto push
FRANKFURT, Jan 24 (Reuters) - Euro zone banks need a digital euro to respond to U.S. President Donald Trump's push to promote stablecoins, a type of cryptocurrency typically pegged to the U.S. dollar, European Central Bank board member Piero Cipollone said on Friday.Trump said he would "prom...Reuters
Fri, Jan 24
BUZZ-COMMENT-Charts to Watch-USD/CAD bias, yen driver, dollar positioning
Jan 24 (Reuters) - Chart 1: USD/CAD short-run bias remains higher leading into Feb 1 U.S. President Donald Trump appears to have taken a softer tone towards China regarding tariffs, though the same cannot be said for Canada and Mexico. The president has reiterated his threat that he could imp...Reuters
Fri, Jan 24
Sterling jumps as tariff doubts weigh on dollar
By Greta Rosen Fondahn Jan 24 (Reuters) - The pound rallied against the dollar on Friday, on track to close the week higher after three weeks of losses, as a lack of concrete tariff policies during U.S. President Donald Trump's first week in office pressured the greenback across the board. St...Reuters
Fri, Jan 24
GRAPHIC-Stumbling growth and stubborn inflation: the BoE's rate cut challenge
By William Schomberg, Sumanta Sen LONDON, Jan 24 (Reuters) - The Bank of England must contend with a slowdown in Britain's economy but also stubborn inflation pressures when it considers whether to cut interest rates in early February as well as its message about the outlook for the rest of t...Reuters
Fri, Jan 24
DXY and EUR/USD are pretty stuck in ranges – Societe Generale
Today’s BoJ rate hike is a step on the road to normalization, consistent with a less oversold Japanese Yen (JPY). The Dollar Index (DXY) seeing its biggest two-week since August, is consistent with the recent phase of dollar strength losing momentum.
As Cuba-US relations sour, the island needs dollars more than ever
Cuba opens first grocery store accepting U.S. currency in two decadesPartial dollarization aims to fix economy amid U.S. trade embargoGrowing inequality between those with and without foreign currency accessBy Marc FrankHAVANA, Jan 24(Reuters) - Cash-starved Cuba this month opened the first grocery ...Reuters
Fri, Jan 24
U.S. lawmakers are light on crypto heading into new Trump era
JD Vance is among 13 members reporting crypto holdingsCrypto companies spent heavily on congressional racesTrump has named crypto advocates to high-level roles in administrationBy Douglas Gillison, Tom Bergin, Chris Prentice, Isla Binnie WASHINGTON, Jan 24 - President Donald Trump’s administratio...Reuters
Fri, Jan 24
CEE MARKETS-Relief on US tariffs buoys central Europe's currencies
By Anna Wlodarczak-Semczuk WARSAW, Jan 24 (Reuters) - The Polish zloty held its gains on Friday after hitting a seven-year high a day earlier, while other currencies were stronger as investors were relieved that U.S. President Donald Trump did not announce new tariffs right after taking office. ...Reuters
Fri, Jan 24
EUR/USD soars on upbeat Eurozone preliminary PMI data
EUR/USD rallies to near the psychological resistance of 1.0500 in Friday’s European session as the Hamburg Commercial Bank (HCOB) reported that the Eurozone preliminary Composite Purchasing Managers Index (PMI) grew in January after shrinking in the last two months.Fxstreet
Fri, Jan 24
EMERGING MARKETS-FX and stocks cheer Trump's softer stance on tariffs, interest rate demand
Trump says trade deal can be reached with China Dollar tumbles to one-month low MSCI EM FX index set for best week in over a yearMSCI EM FX index up 0.5%, stocks add 0.7%By Purvi Agarwal Jan 24 (Reuters) - Most emerging market currencies gained on Friday, with MSCI's index putting them at an ...Reuters
Fri, Jan 24
BUZZ-COMMENT-Swedish crown's 2024 high a viable 2025 target
Jan 24 (Reuters) - Market positioning ahead of next week's Riksbank meeting could see EUR/SEK adjust higher but long-term charts suggest the cross could re-visit the 2024 low this year.EUR/SEK has been edging lower since peaking at 11.7105 in October and is currently testing levels below its wee...Reuters
Fri, Jan 24
BUZZ-COMMENT-Where USD closes will have a huge bearing on direction
Jan 24 (Reuters) - Where the U.S. dollar closes at the end of this week is key for its direction for next week and beyond. U.S. President Donald Trump's latest comments on China tariffs pushed the dollar broadly lower, keeping it on track for its worst weekly fall in two months. Investors have s...Reuters
Fri, Jan 24
Bank of Japan raises interest rates to highest in 17 years, yen jumps
BOJ raises short-term policy rate 25 bps to 0.5% from 0.25%Board raises price forecasts, flags brightening wage outlookBOJ sees price risks skewed to upside, says markets stableUeda says rates still below neutral, signals more hikesU.S. growth solid, markets stable but Trump risk loomsAdds Ueda'...Reuters
Fri, Jan 24
Eurozone Preliminary Manufacturing PMI improves to 46.1 in January vs. 45.3 expected
The Eurozone manufacturing sector remained in contraction while the services sector activity expanded less-than-expected in January, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Friday.Fxstreet
Fri, Jan 24
