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UPDATE 1-Sterling extends slide as dollar rallies, gilt yields rise
Updates with comments from British PM Starmer, updates pricesBy Samuel Indyk LONDON, Jan 13 (Reuters) - The British pound extended its recent drop against the dollar and the euro on Monday driven by investor concerns about Britain's fiscal sustainability as gilt yields rose for a sixth straight d...Reuters
Mon, Jan 13
FOREX-Rising dollar pressures peers as further Fed rate cuts questioned
Dollar underpinned by Fed rate outlookSterling at mercy of gilt market Beijing steps up defence of yuanUpdates for early European afternoon tradingBy Samuel Indyk and Rae Wee LONDON, Jan 13 (Reuters) - The U.S. dollar rose on Monday, driving its peers to multi-year lows, after Friday's blowout U....Reuters
Mon, Jan 13
BUZZ-COMMENT-Dollar chart shows a long-term Fibo is now exposed
Jan 13 (Reuters) - The rising U.S. dollar's outlook is increasingly positive as recent price action confirms the underlying bullish outlook for an eventual probe of a long-term Fibo above.The dollar rose on Monday, driving its peers to multi-year lows, after Friday's blowout U.S. jobs report undersc...Reuters
Mon, Jan 13
Sterling at 14-month low as gilt yields rise again
By Samuel Indyk LONDON, Jan 13 (Reuters) - The British pound extended its recent drop against the dollar and the euro on Monday driven by investor concerns about Britain's fiscal sustainability as gilt yields rose for a sixth straight day. Sterling GBP=D3 fell as much as 0.7% against the dollar t...Reuters
Mon, Jan 13
FOREX-Rising dollar pressures peers as further Fed cuts questioned
Dollar underpinned by Fed rate outlookSterling at mercy of gilt market Beijing steps up defence of yuanUpdates with European morning tradeBy Samuel Indyk and Rae Wee LONDON, Jan 13 (Reuters) - The dollar rose on Monday, driving its peers to multi-year lows, after Friday's blowout U.S. jobs report...Reuters
Mon, Jan 13
BUZZ-COMMENT-US PPI matters more to markets than usual
Jan 13 (Reuters) - Since the beginning of 2021, U.S. PPI has been released prior to the CPI report in 8 out of the last 48 occasions (17% of the time). This week will be another one of those occasions and therefore is likely to be more market moving than is often the case, particularly with increase...Reuters
Mon, Jan 13
BUZZ-COMMENT-Far more inflation to influence currencies in future
Jan 13 (Reuters) - There is far more inflation in the pipeline to influence currencies in the future with crude oil rising $10/bbl in the past month, and natural gas doubling since August. These big increases favour the dollar, which is the currency of one of the largest producers, while undermining...Reuters
Mon, Jan 13
BUZZ-COMMENT-USD to get even stronger if Fed easing cycle is over
The U.S. dollar could go from strength to strength if a perception takes hold that the Federal Reserve's rate cutting cycle, which began with a 50 basis point reduction last September, might already be over. Bank of America's "base case" following Friday's strong U.S. jobs data is for the Fed to kee...Reuters
Mon, Jan 13
BUZZ-COMMENT-What impact U.S. yields above 5%?
Jan 13 (Reuters) - There has been mounting speculation of what domestic impact, if any, a move above 5.0% for the U.S. 10-year treasury yield would have. Apart from the psychological significance, the impact is likely to be felt more within other bond markets, especially given the recent weakness an...Reuters
Mon, Jan 13
UPDATE 2-China flags more policy measures to bolster yuan
China allows more overseas borrowing to help improve capital flowsCentral bank sends verbal warning to defend weaker yuanChina's c.bank to boost FX reserves in Hong KongRecasts, adds comments from analysts and PBOC governor SHANGHAI/HONG KONG, Jan 13 (Reuters) - China announced more tools to supp...Reuters
Mon, Jan 13
Investors pare back bets on Bank of England rate cuts
LONDON, Jan 13 (Reuters) - Investors reduced their bets on the pace of interest rate cuts by the Bank of England on Monday.Interest rate futures were pricing about 43 basis points of reductions to the BoE's Bank Rate by December 2025 at 0737 GMT, compared with 50 bps - or two quarter-point rate cuts...Reuters
Mon, Jan 13
FOREX-Surging dollar pressures peers as further Fed cuts in question
Dollar underpinned by hawkish U.S. rates outlookSterling still at mercy of gilt market routBeijing steps up defence of yuanUpdates to Asia afternoonBy Rae Wee SINGAPORE, Jan 13 (Reuters) - The dollar charged higher on Monday and drove its peers to multi-year lows after a blowout U.S. jobs report ...Reuters
Mon, Jan 13
