News
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CORRECTED-BoE cuts rates to 4.25% as it sees tariff hit to growth
LONDON, May 8 (Reuters) - The Bank of England cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.The BoE's Monetary Policy Committee voted...Reuters
Fri, May 9
FOREX-Dollar set for weekly gain amid US trade deal optimism
Dollar gains on trade deal prospectsDollar set to notch weekly gain against yen and Swiss francMarkets focused on US-China talks in GenevaBy Chibuike Oguh NEW YORK, May 9 (Reuters) - The dollar was on track for a weekly gain against major currencies, including the Swiss franc, yen and euro on Fri...Reuters
Fri, May 9
As dollar eyes third-weekly win, traders are doubling down on their bearish bets
Investing.com -- The dollar looks set to notch its third-straight weekly win, but that hasn’t shaken the confidence of traders piling on bearish bets for the greenback to resume its slide, according tInvesting.com
Fri, May 9
CANADA FX DEBT-Canadian dollar heads for weekly decline as jobless rate climbs
Canadian dollar falls 0.1% against the greenbackFor the week, the loonie declines 0.8%Unemployment rate rises to 6.9% in AprilBond yields ease across the curveBy Fergal Smith TORONTO, May 9 (Reuters) - The Canadian dollar weakened to a three-week low against its U.S. counterpart on Friday as sign...Reuters
Fri, May 9
EUR/GBP Price Analysis: Euro drifts near 0.8500 as bearish pressure builds
The EUR/GBP pair edged lower on Friday, trading near the 0.8500 zone after the European session as selling pressure remained consistent. The pair settled within the middle of its daily range, reflecting cautious sentiment despite the broader bearish tone.
Fxstreet
Fri, May 9
FOREX-Dollar set for weekly advance amid trade deal optimism
Dollar gains on trade deal prospectsDollar set to notch weekly gain against yen and Swiss francMarkets focused on US-China talks in GenevaBy Chibuike Oguh NEW YORK, May 9 (Reuters) - The dollar was set for a weekly gain against major currencies, including the Swiss franc, yen and euro on Friday, ...Reuters
Fri, May 9
EUR/JPY retreats from highs as Trump tariff threat tempers trade optimism
The EUR/JPY pair is trading lower on Friday, weighed down by renewed US–China trade tensions, mixed economic data out of Japan, and cautious investor positioning ahead of a scheduled speech by European Central Bank (ECB) Executive Board member Isabel Schnabel.
Fxstreet
Fri, May 9
Brazil's Haddad says US showed openness to tariff talks
SAO PAULO, May 9 (Reuters) - Brazil's Finance Minister Fernando Haddad said on Friday that U.S. Treasury Secretary Scott Bessent signaled there is room for tariff negotiations with countries with which the United States runs a trade surplus.Speaking to reporters about his meeting with Bessent, w...Reuters
Fri, May 9
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
The Canadian dollar strengthened against the greenback on Friday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.1% higher at C$1.3914 to the greenback, or 71.87 U.S. cents, after trading in a range of 1.3909 to 1.3942.Canadian government 10-year bond yields CA10YT...Reuters
Fri, May 9
S&P Global raises fears of Romania rating cut to junk category
S&P rates Romania BBB-, outlook negativePolitical turmoil and uncertainty are risks to fiscal consolidationSecond round of presidential election on May 18Fitch likely to cut Romania rating in August, BofA economists sayBy Gergely Szakacs and Marc Jones BUDAPEST/LONDON, May 9 (Reuters) - Ratin...Reuters
Fri, May 9
FOREX-Dollar gets a weekly boost ahead of US-China trade talks
Dollar up on trade deal prospects, analyst saysEuro, sterling, kiwi dollar and yen hit multi-week lowsAll eyes on US-China talks in GenevaBy Tom Westbrook and Amanda Cooper SINGAPORE/LONDON, May 9 (Reuters) - The dollar headed for a weekly gain versus most major currencies on Friday, after a U.S....Reuters
Fri, May 9
After currency turmoil, Taiwan's central bank warns banks to follow forex rules
TAIPEI, May 9 (Reuters) - Taiwan's central bank said on Friday that banks should follow foreign exchange settlement rules, after the Taiwan dollar TWD=TP notably strengthened last week and earlier this week.The Taiwan dollar on Monday and last Friday appreciated strongly against the greenback on...Reuters
Fri, May 9
Sterling claws higher after US/UK trade deal
Sterling rises as optimism grows over tradeEuro set for biggest four-week loss versus pound since 2022Analysts say US/UK trade deal lacks detail, but supports sentimentBoE cut rates on Thursday, policymakers split on votingBy Amanda Cooper LONDON, May 9 (Reuters) - The pound rose on Friday, follo...Reuters
Fri, May 9
Bank of England's Bailey says global environment likely to stay challenging
LONDON, May 9 (Reuters) - Global economic conditions are likely to continue to be more challenging and less predictable than in previous decades, increasing difficulties for central bank forecasters, Bank of England Governor Andrew Bailey said on Friday."We need no reminder that the global econo...Reuters
Fri, May 9
FOREX-Dollar gets a weekly boost ahead of US-China trade talks
Dollar up on trade deal prospects, analyst saysEuro, sterling, kiwi and yen hit multi-week lowsAll eyes on U.S.-China talks in GenevaBy Tom Westbrook and Amanda Cooper SINGAPORE/LONDON, May 9 (Reuters) - The dollar headed for a weekly gain on most major currencies on Friday, after a U.S.-UK trade...Reuters
Fri, May 9
AUD/JPY drops to near 93.00 as Japanese Yen rises following personal spending data
AUD/JPY retreats from its recent gains during European trading hours on Friday, hovering near the 93.10 level. The Japanese Yen (JPY) is strengthening, supported by domestic data showing a stronger-than-expected rise in personal spending for March—an encouraging sign for consumption.
Fxstreet
Fri, May 9
