News
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Japan will be vigilant for forex market volatility, finance minister says
TOKYO, Oct 7 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Tuesday that the government will be vigilant for volatile movements on the currency market as the yen slid to two-month lows past 150 to the dollar."It's important for currencies to move in stable manner reflecting fun...Reuters
Tue, Oct 7
Japan's Takaichi picks ex-premier Aso as party vice president
TOKYO, Oct 7 (Reuters) - Sanae Takaichi, who is expected to become Japan's next prime minister, chose former premier and party heavyweight Taro Aso on Tuesday as vice president of her ruling party.Takaichi also chose former finance minister Shunichi Suzuki as secretary-general of the Liberal Dem...Reuters
Tue, Oct 7
FOREX-Yen slides to 2-month low on Japan election angst
By Rocky Swift TOKYO, Oct 7 (Reuters) - The yen weakened to a two-month low against the dollar on Tuesday as attention in Japan turned to who may join the cabinet of fiscal dove Sanae Takaichi after her party leadership victory.The Japanese currency set a new all-time low against the euro as dome...Reuters
Tue, Oct 7
USD/CAD gains ground to near 1.3950 as US Dollar rebounds
The USD/CAD pair gains traction near 1.3950 during the Asian trading hours on Tuesday, bolstered by a rebound in the US Dollar (USD). However, the upside for the pair might be limited amid fears of a prolonged US government shutdown and higher crude oil prices.
Fxstreet
Tue, Oct 7
Australia dollar hits 11-month top on yen, kiwi faces rate test
By Wayne Cole SYDNEY, Oct 7 (Reuters) - The Australian and New Zealand dollars held broad gains on Tuesday as investors rushed to short the yen against higher yielding currencies, sending the Aussie surging to an 11-month top on its Japanese counterpart.Expectations for a more expansionary fiscal...Reuters
Tue, Oct 7
USD/JPY posts modest gains above 150.00 on political stability concerns in Japan
The USD/JPY pair edges higher to near 150.35, the highest since August 1, during the early Asian session on Tuesday. The Japanese Yen (JPY) weakens against the US Dollar (USD) on political stability concerns after Japan's ruling Liberal Democratic Party (LDP) elected a new leader.Fxstreet
Mon, Oct 6
Brazil posts higher-than-expected September trade surplus, lifts annual outlook
BRASILIA, Oct 6 (Reuters) - Brazil posted a higher-than-expected trade surplus in September, official data showed on Monday, as the government raised its forecast for the full-year positive balance.Latin America's largest economy recorded a trade surplus of $2.99 billion in September, beatin...Reuters
Mon, Oct 6
FOREX-Japanese yen, euro slide against dollar on fiscal concerns
Takaichi set to become Japan's first female prime ministerTakaichi's policies may delay BOJ's rate hike plansEuro highest against yen since euro introduction in 1999Euro down vs dollar and sterling after new French PM quitsFed funds futures imply over 95% chance of October US rate cutBy ...Reuters
Mon, Oct 6
Australian Dollar rises as Greenback softens on shutdown, dovish Fed outlook
The Australian Dollar (AUD) trades on the front foot against the US Dollar (USD) on Monday, extending its recovery as the Greenback’s early strength fades. The pair rebounds toward the upper end of its recent consolidation band after swinging sharply in both directions earlier in the day.
Fxstreet
Mon, Oct 6
Brazil posts higher-than-expected September trade surplus, lifts annual outlook
BRASILIA, Oct 6 (Reuters) - Brazil posted a higher-than-expected trade surplus in September, official data showed on Monday, as the government raised its forecast for the full-year positive balance.Latin America's largest economy recorded a trade surplus of $2.99 billion in September, beating th...Reuters
Mon, Oct 6
Canadian Dollar steadies as Oil recovery offsets US Dollar's limited gains
The USD/CAD exchange rate remains stable on Monday, hovering around 1.3950 at the time of writing. The cross edged lower earlier on Monday as the commodity-linked Canadian Dollar (CAD) gained support from the rebound in Oil prices, before stabilizing.Fxstreet
Mon, Oct 6
Russia puts third asset of Silgan Holdings under temporary management
MOSCOW, Oct 6 (Reuters) - Russia has seized a third company belonging to Silgan Holdings Inc SLGN.N and placed it under temporary management, a decree signed by President Vladimir Putin showed on Monday.In July, Putin's decree put two assets belonging to Silgan Holdings Austria GmbH and Silgan M...Reuters
Mon, Oct 6
EUR/JPY steadies near record high as Euro and Yen face political shocks
EUR/JPY stabilizes around 175.70 on Monday, up 1.4% for the day, after reaching a record high of 176.25. The unexpected resignation of French Prime Minister Sébastien Lecornu, announced just hours after unveiling his new cabinet, shocked markets and weighed on the single currency.
Fxstreet
Mon, Oct 6
EUR/USD rebounds above 1.1700 as US Dollar strength fades amid shutdown, Fed cut bets
The Euro (EUR) recovers modestly against the US Dollar (USD) on Monday, paring earlier losses after briefly hitting its lowest level in nearly two weeks. The pair climbs back above 1.1700 as the Greenback’s initial advance, driven by weakness in the Euro and the Japanese Yen (JPY), loses steam.Fxstreet
Mon, Oct 6
Gold blazes through $3,900/oz to new records as investors flee uncertainty
By Anushree Mukherjee Oct 6 (Reuters) - Gold prices surged to record highs above $3,900 per ounce on Monday on expectations of further U.S. rate cuts, and as investors fleeing economic and political uncertainty piled into the safe-haven precious metal.Spot gold hit an all-time peak of $3,958.57 a...Reuters
Mon, Oct 6
GBP/USD flat as US shutdown drags into sixth day
The Pound Sterling remains flat during the North American session as the government shutdown in the US reached its sixth day, which has kept financial markets trading blind without economic data. The GBP/USD trades at around 1.3474, virtually unchanged.
Fxstreet
Mon, Oct 6
French markets fall, investors see no 'silver bullet' for political crisis
PM Lecornu resignsFrench risk premium spikes to January highFrench banking shares, bonds under pressureCredit default swaps jump By Amanda Cooper and Samuel Indyk LONDON, Oct 6 (Reuters) - French stocks and the euro fell while France's borrowing costs jumped on Monday, as the government colla...Reuters
Mon, Oct 6
