News
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Bank of England's Bailey warns against risks from economic nationalism
LONDON, Jan 17 (Reuters) - Bank of England Governor Andrew Bailey called for the world's financial powers, led by the United States and China, to avoid economic nationalism in a speech released three days before Donald Trump is due to be sworn in as U.S. president.Bailey said global cooperation was...Reuters
Fri, Jan 17
BUZZ-COMMENT-Yen gets glimpse of choppy trading ahead
Friday’s price action could provide a glimpse of what to expect in USD/JPY trading in 2025.The pair surged following reports of a phone conversation between U.S. President-elect Donald Trump and Chinese President Xi Jinping. The discussion was described by Trump as “a very good one for both China an...Reuters
Fri, Jan 17
BRIEF-Kraken Says Aware Of Issue Causing Slowness & High Latency On Spot And Futures Platform
Jan 17 (Reuters) - Kraken: KRAKEN: AWARE OF AN ISSUE CAUSING SLOWNESS & HIGH LATENCY ON THE SPOT AND FUTURES PLATFORMSource text: [ID:]Further company coverage: [ ] (((( Reuters.Briefs@thomsonreuters.com ;));))Reuters
Fri, Jan 17
FOREX-Dollar strengthens against yen, steadies ahead of Trump inauguration
Yen soft but hovering near one-month highDollar set to snap six-week winning streak on rate viewsMarkets await Donald Trump's return to the White HouseYuan steady after GDP data meets 2024 target of 5%Adds analyst comment, U.S. data, FX table, updates pricesBy Laura Matthews and Greta Rosen Fondahn ...Reuters
Fri, Jan 17
BUZZ-COMMENT-EUR/USD's lackluster gains on upbeat risk should concern longs
Jan 17 (Reuters) - EUR/USD rallied above the 5-day moving average and turned positive Friday on the back of risk-on trading, but the gains were limited, which could be an indication investors still expect the broader down trend to persist.Risk assets rallied sharply on reports President-elect Donald...Reuters
Fri, Jan 17
Trump's tariff plan could be gambit to win leverage, strategists say
Some economists see tariffs as potential negotiation toolChina's growth strategy involves debt and yuan depreciationWorld Bank warns tariffs could slow global growth by 0.3 ppBy Ankika Biswas Jan 17 (Reuters) - As investors the world over brace for a global trade war with U.S. President-elect Don...Reuters
Fri, Jan 17
Polish president signs budget but sends it to Constitutional Tribunal
WARSAW, Jan 17 (Reuters) - Polish President Andrzej Duda signed the 2025 budget but will ask the Constitutional Tribunal to check the constitutionality of some of the bill's provisions, Duda's senior aide Malgorzata Paprocka said on Friday. (Reporting by Anna Koper and Anna Wlodarczak-Semczuk) ((ann...Reuters
Fri, Jan 17
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Friday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.3% lower at C$1.4435 to the greenback, or 69.28 U.S. cents, after trading in a range of 1.4388 to 1.444.Canadian government 10-year bond yields CA10YT=RR fe...Reuters
Fri, Jan 17
ANALYSIS-Markets are betting China will let yuan fall as Trump takes power, but not much
SINGAPORE, Jan 17 (Reuters) - Financial markets are betting China will not use the yuan as a policy tool to offset expected U.S. tariffs in a second Donald Trump presidency, based on a view that sharp depreciation like that seen in his first term will be more harmful than helpful to the struggling e...Reuters
Fri, Jan 17
China's central bank says it is confident it can keep yuan stable
BEIJING/SHANGHAI, Jan 17 (Reuters) - China's central bank said on Friday it is confident it can keep the yuan exchange rate "basically stable" at a "reasonable and balanced" level.China's economy has solid foundations and a reasonable current account surplus, while the country's cross-border capital...Reuters
Fri, Jan 17
FOREX-Dollar steady ahead of Trump inauguration, but set to end week lower
Yen soft but hovering near one-month highDollar to snap six-week winning streak on shifting rate viewsYuan steady after GDP data meets 2024 target of 5%Markets await Donald Trump's return to the White HouseUpdates in European afternoon trade, adds bitcoin in final paragraphBy Ankur Banerjee and Gret...Reuters
Fri, Jan 17
BUZZ-COMMENT-The dollar remains in good shape, for now
Jan 17 (Reuters) - The U.S. dollar remains on track for much bigger gains in the days and weeks ahead, as the technical outlook remains quite bullish.Steadfast dollar long positions could well be rewarded with big gains in the days and weeks ahead. On the USD index, which tracks the greenback agains...Reuters
Fri, Jan 17
Sterling drops as weak retail sales add to stagnation woes
By Greta Rosen Fondahn Jan 17 (Reuters) - The pound dropped against the dollar and euro on Friday, after data showed that British retail sales fell unexpectedly in December, adding to an already-gloomy economic outlook. Retail sales, adjusted for the inclusion of the Black Friday sales at the sta...Reuters
Fri, Jan 17
