News
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US Dollar Index approaches 100 as Taiwan Dollar surge triggers spillover, Bessent words
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, posted mild gains on Monday as the Taiwan Dollar surged over 5%. The move sparked a broader rally in Asian currencies amid speculation of FX conversions by exporters.Fxstreet
Tue, May 6
RPT-COLUMN-Wall Street's 'fever dream' could end in cold sweats: McGeever
By Jamie McGeeverORLANDO, Florida, May 5 (Reuters) - Wall Street's recent rebound from its April lows suggests equity investors are pricing in a benign outlook for the U.S. economy, which contrast starkly with the more ominous signals coming from the oil, gold and fixed income markets. Is this j...Reuters
Tue, May 6
CORRECTED-FOREX-Dollar slides against peers, weighed down by fresh tariff worries
Dollar hits fresh record low against Taiwan dollarDollar trims losses slightly against yen after ISM dataFed seen on hold this week, less chance of June cut Euro, sterling gain ahead of central bank meetingsBy Chibuike Oguh NEW YORK, May 5 (Reuters) - The U.S. dollar weakened against major cu...Reuters
Tue, May 6
GBP/JPY Price Analysis: Pound holds steady near 191.00 amid mixed technical landscape
The GBP/JPY pair showed marginal movement on Monday, holding near the 191.00 zone following the European session. Price action remained flat within a narrow range, reflecting uncertainty in direction as momentum indicators deliver conflicting signals.
Fxstreet
Mon, May 5
EUR/JPY Price Analysis: Euro pulls back near 163.00 but bullish trend remains intact
The EUR/JPY pair slipped lower on Monday, falling toward the 163.00 zone as the session closed and ahead of the Asian open. Despite the day’s decline, the broader setup remains constructive, with the pair still holding above critical trendline supports.
Fxstreet
Mon, May 5
CANADA FX DEBT-Canadian dollar steadies ahead of Carney-Trump talks
Loonie trades in a range of 1.3787 to 1.3829Canada's services economy shrinks for fifth straight monthPrice of oil settles nearly 2% lowerCanada-U.S. 10-year spread increases by 2.8 basis pointsBy Fergal Smith TORONTO, May 5 (Reuters) - The Canadian dollar was barely changed against its U.S. ...Reuters
Mon, May 5
UBS Says Credit Suisse Services Resolves Tax Matter With DOJ, Will Pay $511 Mln
May 5 (Reuters) - UBS Group AG UBSG.S:UBS- CREDIT SUISSE SERVICES AG RESOLVES TAX MATTER WITH DOJ, WILL PAY USD 511MUBS- UBS WAS NOT INVOLVED IN THE UNDERLYING CONDUCT AND HAS ZERO TOLERANCE FOR TAX EVASIONUBS- IN Q2 OF 2025, CO EXPECTS TO RECOGNIZE CREDIT FROM PARTIAL RELEASE OF THE CONTINGENT LIAB...Reuters
Mon, May 5
FOREX-Dollar weakens against major currencies as markets weigh tariff uncertainty
Dollar hits fresh record low against Taiwan dollarDollar trims losses slightly against yen after ISM dataFed seen on hold this week, less chance of June cut Euro, sterling gain ahead of central bank meetingsBy Chibuike Oguh NEW YORK, May 5 (Reuters) - The U.S. dollar was mostly lower against majo...Reuters
Mon, May 5
EUR/CAD Price Analysis: Euro edges higher near 1.5600 as longer-term bias holds firm
The EUR/CAD pair ticked higher on Monday, trading around the 1.5600 area after the European session. While price action remained within the middle of the daily range, the pair showed signs of underlying strength, aligning with a broader bullish structure.
Fxstreet
Mon, May 5
Economists expect rate cut in Brazil in December, central bank poll shows
BRASILIA/SAO PAULO, May 5 (Reuters) - Private economists polled by Brazil's central bank expect monetary easing to start at the end of 2025, even as policymakers continue their current tightening cycle, according to the weekly survey released on Monday. Markets still expect a 50-basis-point rate...Reuters
Mon, May 5
Thumzup Media Files $200 Million Shelf Registration To Further Bitcoin Treasury Strategy
May 5 (Reuters) - Thumzup Media Corp TZUP.O:THUMZUP MEDIA CORPORATION FILES $200 MILLION SHELF REGISTRATION FOR WORKING CAPITAL AND TO FURTHER ITS BITCOIN TREASURY STRATEGYTHUMZUP MEDIA CORP - BOARD AUTHORIZES THUMZUP TO HOLD UP TO 90% ASSETS IN BITCOINReuters
Mon, May 5
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield climbs
The Canadian dollar strengthened against the greenback on Monday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.1% higher at C$1.3811 to the greenback, or 72.41 U.S. cents, after trading in a range of 1.3787 to 1.3828.Canadian government 10-year bond yields CA10YT...Reuters
Mon, May 5
COLUMN-Wall Street's 'fever dream' could end in cold sweats: McGeever
By Jamie McGeeverORLANDO, Florida, May 5 (Reuters) - Wall Street's recent rebound from its April lows suggests equity investors are pricing in a benign outlook for the U.S. economy, which contrast starkly with the more ominous signals coming from the oil, gold and fixed income markets. Is this j...Reuters
Mon, May 5
Dollar slips, Taiwan dollar surge draws eyes
SYDNEY/LONDON, May 5 (Reuters) - The U.S. dollar slipped again on Monday as a meteoric surge in its Taiwanese counterpart stoked speculation some Asian countries were prepared to engineer revaluations of their currencies to win U.S. trade concessions.Reuters
Mon, May 5
Zimmer Biomet lowers 2025 profit forecast on acquisition costs, tariff uncertainty
May 5 (Reuters) - Zimmer Biomet Holdings ZBH.N on Monday lowered its full-year adjusted profit forecast, as the medical device maker anticipates a hit from its recent acquisition of Paragon 28 7GQ.F, currency volatility, and proposed tariffs.Investors and analysts are closely monitoring how medical ...Reuters
Mon, May 5
Sterling gains against dollar ahead of this week's BoE meeting
May 5 (Reuters) - Sterling rose against a weaker dollar on Monday, ahead of the Bank of England's next policy decision due later this week.The pound was up 0.29% versus the dollar 4> to 1.33045 at 1107 GMT, broadly in line with moves across broader currency markets. FRX/ Newsflow in Britain w...Reuters
Mon, May 5
