News
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FOREX-Dollar dips towards one-week low as market ponders proposed Trump tariffs
Adds comments, backgroundBy Kevin Buckland and Stefano Rebaudo Jan 7 (Reuters) - The U.S. dollar eased towards a one-week low versus major peers on Tuesday as traders considered whether President-elect Donald Trump's proposed tariffs would be less aggressive than promised.On Monday, the greenback...Reuters
Tue, Jan 7
USD/CAD falls to near 1.4300 due to political and trade-related developments in Canada
The USD/CAD pair remains subdued as the Canadian Dollar (CAD) receives support from news that Canadian Prime Minister Justin Trudeau would announce his plans to step down but said it expected to happen before an emergency meeting of Liberal legislators on Wednesday.
Fxstreet
Tue, Jan 7
GBP/JPY surrenders major part of intraday gains to one-week top, back below mid-197.00s
The GBP/JPY cross attracts some intraday sellers following an early move up to the 198.25 area, or a one-week top and retreats to the lower end of its daily range during the first half of the European session.
Fxstreet
Tue, Jan 7
BUZZ-COMMENT-China can let the yuan weaken; here's why they won't
Jan 7 (Reuters) - China continues to resist allowing the yuan to weaken as much as the market thinks it should. To policymakers, the cons outweigh the pros, at least for now.By one key measure, the yuan may actually be too strong. The trade-weighted renminbi index gained 4.2% in 2024 even as the CNY...Reuters
Tue, Jan 7
UPDATE 1-Japan's finance minister warns against speculative yen selling
Adds more Kato comments, contextBy Makiko Yamazaki TOKYO, Jan 7 (Reuters) - Japan Finance Minister Katsunobu Kato issued a fresh warning against speculative yen selling on Tuesday, as the Japanese currency approached the key 160 per dollar level that prompted yen-buying interventions half a year ...Reuters
Tue, Jan 7
