News
Important Only
FOREX-Dollar edges higher against yen and euro with Fed and trade talks in focus
Trade negotiations, Treasury auction support the greenbackInvestors await Fed policy meeting outcomeEuro edges down versus the dollarBy Chibuike Oguh and Stefano Rebaudo NEW YORK, May 7 (Reuters) - The U.S. dollar edged higher against the yen and the euro on Wednesday as traders awaited the outco...Reuters
Wed, May 7
REFILE-EU to set out next countermeasures against U.S. tariffs on Thursday, EU trade chief says
SINGAPORE, May 7 (Reuters) - The European Commission will announce on Thursday details of its plan for countermeasures against U.S. tariffs should negotiations with Washington fail, European Trade Commissioner Maros Sefcovic said on Wednesday."Tomorrow we will announce next preparatory steps, bo...Reuters
Wed, May 7
COLUMN-$1 trillion basis trade has barely barked, let alone bitten: McGeever
By Jamie McGeeverORLANDO, Florida, May 7 (Reuters) - Amid all the uncertainty surrounding U.S. growth, Federal Reserve policy, and the attractiveness of the dollar, the U.S. bond market is remarkably tranquil, calling into question long-held fears about the massive 'basis trade'.While Treasu...Reuters
Wed, May 7
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.2% lower at C$1.3802 to the greenback, or 72.45 U.S. cents, after trading in a range of 1.3764 to 1.3806.Canadian government 10-year bond yields CA10YT=R...Reuters
Wed, May 7
Asset Entities To Merge With Strive Asset Management
May 7 (Reuters) - Asset Entities Inc ASST.O:ASSET ENTITIES TO MERGE WITH STRIVE ASSET MANAGEMENT TO FORM THE FIRST PUBLICLY TRADED ASSET MANAGEMENT BITCOIN TREASURY COMPANYASSET ENTITIES INC - MATT COLE TO LEAD COMPANY AS CEO AND CHAIRMANASSET ENTITIES INC - STRIVE ASSET MANAGEMENT TO ADD THREE INDE...Reuters
Wed, May 7
FOREX-Dollar rises versus yen, Swiss franc, Fed and trade talks in focus
US dollar rises against safe-haven currenciesUS-China negotiations, US Treasury auction support the greenbackInvestors await Fed policy meeting outcomeEuro edges down versus the dollarBy Stefano Rebaudo May 7 (Reuters) - The U.S. dollar rose against the safe-haven yen and Swiss franc while steady...Reuters
Wed, May 7
BorgWarner lifts annual sales forecast on stronger foreign currency, tariff-driven recovery
May 7 (Reuters) - Auto parts supplier BorgWarner BWA.N on Wednesday raised its annual sales outlook, citing expectation of stronger foreign exchange and tariff-fueled customer recoveries.Shares of the company rose about 3% in premarket trade. U.S. President Donald Trump's vacillating tariff poli...Reuters
Wed, May 7
Sterling drops versus dollar, focus on BoE, trade talks
May 7 (Reuters) - The pound lost ground versus a strengthening dollar on Wednesday but remained near its highest levels in over three years, ahead of a Bank of England policy meeting due on Thursday.Investors also focused on tariffs talks as U.S. Treasury Secretary Scott Bessent and chief trade...
Reuters
Wed, May 7
RPT-COLUMN-Dollar confusion reigns amid 'strategic uncertainty': Mike Dolan
By Mike Dolan LONDON, May 7 (Reuters) - Currency markets that only a few months ago assumed a trade war would lift the U.S. dollar now suspect that a full-scale devaluation may be underway, suggesting few market players have any clear handle yet on the administration's dollar plans.Much like ...Reuters
Wed, May 7
Indonesia says no discussion with US on rupiah exchange rate as part of tariffs talks
JAKARTA, May 7 (Reuters) - There was no discussion between Indonesia and the United States on the rupiah IDR= exchange rate as part of tariffs negotiations, Indonesia's chief economic minister Airlangga Hartarto told Reuters on Wednesday.Reuters
Wed, May 7
Russian finance ministry plans to purchase foreign currency in coming month
MOSCOW, May 7 (Reuters) - The Russian Finance Ministry announced on Wednesday that it plans to buy foreign currency and gold for the budget reserve National Wealth Fund (NWF) in the coming month after selling them in the previous month. The ministry said it will buy forex and gold for 41.6 billion r...Reuters
Wed, May 7
China's forex reserves rise more than expected in April
BEIJING, May 7 (Reuters) - China's foreign exchange reserves rose more than expected in April, official data showed on Wednesday, as the dollar continued to weaken against other major currencies.The country's foreign exchange reserves, the world's largest, increased by $41 billion last m...Reuters
Wed, May 7
FOREX-Dollar rises versus yen, Swiss franc, Fed and trade talks in focus
US dollar rises against safe-haven currenciesUS-China negotiations, US Treasury auction support the greenbackInvestors await Fed policy meeting outcomeEuro edges down versus the dollarBy Stefano Rebaudo and Rocky Swift May 7 (Reuters) - The U.S. dollar rose against the safe-haven yen and Swiss fr...Reuters
Wed, May 7
