News
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EUR/GBP rebounds as markets weigh inflation and policy outlook
The EUR/GBP exchange rate is staging a modest rebound on Wednesday, recovering from a week-long decline as investors respond to stable German inflation figures and cautious commentary from both the European Central Bank (ECB) and Bank of England (BoE) officials.
Fxstreet
Wed, May 14
CFTC commissioner to join Blockchain Association as CEO
May 14 (Reuters) - The Blockchain Association said on Wednesday that current Commodity Futures Trading Commission Commissioner Summer Mersinger will join the trade group as CEO in June as the cryptocurrency sector ramps up its push to overhaul digital asset policy. Sarah Milby, the Blockchain Associ...Reuters
Wed, May 14
Central bank project shows monetary policy still viable in 'tokenized' system
Central bank project creates tool to operate in decentralized marketsNew prototype shows central banks can still operate in decentralized marketsProject explores future changes to central bank operationsBy Michael S. Derby and Marc JonesNEW YORK, May 14 (Reuters) - Central banks should still be able...Reuters
Wed, May 14
NZD/USD gives up gains as US Dollar recovers some initial losses, Fed Powell’s speech eyed
The NZD/USD pair gives back its intraday gains and ticks lower to near 0.5935 during North American trading hours on Wednesday. The Kiwi pair corrects as the US Dollar (USD) recoups some of its intraday losses.
Fxstreet
Wed, May 14
Nvidia supplier Foxconn cuts outlook due to currency appreciation
Q1 net profit rises 91% year on yearFoxconn confident on AI server demand, but currency, tariffs cloud outlookFoxconn looking to expand EV footprint, no new projects announcedBy Wen-Yee Lee and Yimou Lee TAIPEI, May 14 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract ele...Reuters
Wed, May 14
Nvidia supplier Foxconn cuts outlook due to currency appreciation
Q1 net profit rises 91% year on yearFoxconn confident on AI server demand, but tariffs cloud outlookFoxconn looking to expand EV footprint, no new projects announcedBy Wen-Yee Lee and Yimou Lee TAIPEI, May 14 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics m...Reuters
Wed, May 14
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.1% lower at C$1.3945 to the greenback, or 71.71 U.S. cents, after trading in a range of 1.3902 to 1.3946.Canadian government 10-year bond yields CA10YT=R...Reuters
Wed, May 14
CAD up marginally and a relative underperformer – Scotiabank
The Canadian Dollar (CAD) is up marginally vs. the US Dollar (USD) and continuing to underperform its G10 peers for a second consecutive session, trading with the broader trend but with moves of a smaller magnitude, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Wed, May 14
FOREX-Dollar extends losses, Korea's won in focus
Dollar down 1.3% on won after US-Korea FX talks CPI data adds to case for Fed to resume rate cutsMarkets watch developments in China trade talksDollar down about 3% since Trump's 'Liberation Day' tariffsBy Kevin Buckland and Linda Pasquini TOKYO/GDANSK, May 14 (Reuters) - The U.S. dol...Reuters
Wed, May 14
Mexican Peso hits fresh YTD high as Banxico rate cut, Fed signals, and US trade tensions loom
The Mexican Peso (MXN) posts a second consecutive day of gains on Wednesday against the US Dollar (USD), slipping below 19.40 ahead of key commentary from Federal Reserve (Fed) officials that could influence the monetary policy outlook.
Fxstreet
Wed, May 14
EXCLUSIVE-ECB supervisors press banks on dollar funding over Trump concerns, sources say
EU supervisors step up demands to reduce liquidity risks, sources saySenior bankers assess unprecedented scenarios of Fed withholding dollars in emergencyRisks of Fed dollar freeze in crisis seen at 5% from 0% before, source saysBy Stefania Spezzati, Jesús Aguado, Lawrence White and Elisa Martinuzz...Reuters
Wed, May 14
Sterling snaps seven-day streak of gains against the euro
May 14 (Reuters) - Sterling slid against the euro on Wednesday after seven straight days of gains, while it rose against a weakened dollar as the market shed the initial optimism from a de-escalation in U.S.-China trade tensions at the beginning of the week.
Turkey's Simsek says economic transformation on track despite slower growth
By Libby George and Karin Strohecker LONDON, May 14 (Reuters) - Turkey's finance minister said the country's economic transformation was on track and that the country was prepared to deal with slower growth. Finance Minister Mehmet Simsek said that tighter financial conditions, lower oil ...Reuters
Wed, May 14
AUD/USD climbs as Australian wage growth beats expectations
The Australian Dollar (AUD) strengthened further against the US Dollar (USD) on Wednesday, with the AUD/USD pair rising close to the 0.6500 psychological level, up nearly 2% so far this week, buoyed by a combination of weaker US Consumer Price Index (CPI) data and stronger-than-expected wage growth
Fxstreet
Wed, May 14
USD/JPY plummets below 146.00 as soft US CPI data batters Greenback
The USD/JPY pair plunges to near 145.80 during European trading hours on Wednesday. The pair faces a sharp sell-off as the US Dollar (USD) has been hit hard by the soft United States (US) Consumer Price Index (CPI) data for April.
Fxstreet
Wed, May 14
