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FOREX-Dollar struggles to lift off lows as global trade war ramps up
Euro hovers near five-month high on Ukraine peace hopesLoonie steady before BoC after swinging on tariff flip-flopJapanese yen edges lower versus dollarBy Yadarisa Shabong and Kevin Buckland March 12 (Reuters) - The dollar struggled to lift off a five-month low against other major currencies on W...Reuters
Wed, Mar 12
African payments system PAPSS plans to launch FX market platform this year
New platform will allow direct exchange of African currenciesContinent's FX market dominated by local/hard currency pairsAims to boost commerce with the system after ongoing testsBy Duncan Miriri and Karin Strohecker NAIROBI, March 12 (Reuters) - A pan-African payments infrastructure provider...Reuters
Wed, Mar 12
Sterling little changed against dollar despite US tariff woes
By Yadarisa Shabong March 12 (Reuters) - Sterling steadied against the dollar on Wednesday, holding below four-month highs hit in the previous session, as Britain held back from retaliating against U.S. tariffs on steel and aluminium imports, avoiding tit-for-tat moves.The pound GBP=D3 was little...Reuters
Wed, Mar 12
AUD/USD oscillates below 0.6300 ahead of US Inflation data
The AUD/USD pair trades in a tight range below the key level of 0.6300 in Wednesday’s European session. The Aussie pair consolidates as investors await the United States (US) Consumer Price Index (CPI) data for February, which will be published at 12:30 GMT.
Fxstreet
Wed, Mar 12
Czech c.bank vice-governor sees room for two more rate cuts this year
March 12 (Reuters) - Czech Central Bank Vice-Governor Eva Zamrazilova believes the bank has room for two more interest rate cuts of 25 basis points each this year, she told news outlet e15 in an interview published on Wednesday.The Czech National Bank resumed its interest rate-cutting cycle on in Fe...Reuters
Wed, Mar 12
EUR/USD: Market focus shifts to US CPI – Danske Bank
EUR/USD has edged slightly higher over the last 24 hours, with the EUR and European currencies broadly outperforming in the G10 space amid rising optimism that Germany's debt package will be approved, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report.
Fxstreet
Wed, Mar 12
FOREX-Dollar struggles to lift off as global trade war ramps up
Euro hovers near five-month high on Ukraine peace hopesLoonie steady before BoC after swinging on tariff flip-flopBitcoin holds ground at $81,661 after bounceBy Yadarisa Shabong and Kevin Buckland March 12 (Reuters) - The dollar struggled to lift off a five-month low against major peers on Wednes...Reuters
Wed, Mar 12
EUR/USD stays firm on US recession risks, US inflation in focus
EUR/USD ticks lower but stays near a five-month high, trading at 1.0920 in European trading hours on Wednesday. The major currency pair remains firm as the US Dollar (USD) is broadly on the backfoot due to increased concerns over the United States (US) economic outlook under the leadership of...Fxstreet
Wed, Mar 12
INDIA RUPEE-Rupee sidesteps weak Asian FX to close nearly flat; local, US CPI data awaited
By Jaspreet Kalra MUMBAI, March 12 (Reuters) - The Indian rupee closed nearly unchanged on Wednesday, wedged between the weakness in Asian currencies and broad-based interbank dollar sales that offered support to the local unit amid a weak global risk environment.The rupee INR=IN ended at 87.2075...Reuters
Wed, Mar 12
