News
Important Only
Japan will take appropriate action on excessive FX moves, finance minister says
TOKYO, March 7 (Reuters) - Japanese Finance Minister Katsunobu Kato reiterated on Friday that authorities would take appropriate action against excessive moves in the foreign exchange market."We've been seeing one-sided, rapid moves," Kato said at a regular press conference. "We'...Reuters
Fri, Mar 7
Trump signs order to establish strategic bitcoin reserve, White House crypto czar says
WASHINGTON, March 6 (Reuters) - U.S. President Donald Trump signed an executive order on Thursday to establish a strategic bitcoin reserve, White House crypto czar David Sacks said in a post on X.The reserve will be capitalized with bitcoin owned by the federal government that was forfeited as part ...Reuters
Fri, Mar 7
USD/JPY ratchets down again, retracement to lower ceiling
USD/JPY down to as low as 147.31 EBS yesterday on stops sub-148.00Bounce thereafter but limited to 148.38, seems sky falling for pairAsia 147.81-148.06, well below descending daily Ichimoku tenkan at 149.30Resistance today from flat hourly Ichi kijun at 148.31Still descending hourly Ichi cloud 149.0...Reuters
Fri, Mar 7
JPMorgan sours on hard currency sovereign debt
By Rodrigo CamposNEW YORK, March 6 (Reuters) - JPMorgan has lowered its view on emerging markets sovereign debt in dollars, bank analysts said in a Thursday note."We think valuations near historical tights may not withstand a larger correction in risk assets," said JPMorgan analysts includin...Reuters
Thu, Mar 6
FOREX-US dollar sinks as growth concerns weigh; safe-havens yen, Swiss franc advance
ECB cuts rates, but raises near-term inflation forecastEuro posts largest weekly gain since March 2020U.S. dollar index hovers at 4-month lowsBy Gertrude Chavez-Dreyfuss NEW YORK, March 6 (Reuters) - The safe-haven yen and Swiss franc climbed in volatile trading on Thursday, while the dollar slum...Reuters
Thu, Mar 6
FOREX-US dollar wobbles as growth concerns weigh; safe-havens yen, Swiss franc rise
ECB cuts rates, but raises near-term inflation forecastEuro on track for largest weekly gain since March 2020U.S. dollar index hovers at 4-month lowsBy Gertrude Chavez-Dreyfuss NEW YORK, March 6 (Reuters) - The safe-haven yen and Swiss franc advanced in choppy trading on Thursday, while the U.S. ...Reuters
Thu, Mar 6
COMMENT-US recap: EUR/USD turns lower after ECB rate cut
March 6 (Reuters) - The dollar index pared losses after falling to its lowest level since U.S. elections on Thursday as worries about a slowing U.S. economy, the outlook for AI and ongoing trade war weighed on share prices.Treasury 2-year yield fell after a report that announced layoffs tracked by C...Reuters
Thu, Mar 6
IMF says further Japan rate hikes should be data-driven, gradual
WASHINGTON, March 6 (Reuters) - The International Monetary Fund on Thursday said it had been supportive of the Bank of Japan's monetary policy decisions, and further hikes in interest rates should be data-driven and proceed at a gradual pace.IMF spokesperson Julie Kozack told reporters that Japa...Reuters
Thu, Mar 6
Mexican Peso gains as Trump exempts tariffs on USMCA products
The Mexican Peso (MXN) appreciated against the US Dollar (USD) on Thursday after United States (US) President Donald Trump said that Mexico would be exempt from paying tariffs on anything falling within the United States-Mexico-Canada Agreement (USMCA).
Fxstreet
Thu, Mar 6
ECB cuts rates again but risk of April pause growing
Deposit rate cut to 2.5% as expectedSays rates meaningfully less restrictiveCuts economic growth outlook, raises 2025 inflation ECB Rate Decision Live By Balazs Koranyi and Francesco Canepa FRANKFURT, March 6 (Reuters) - The European Central Bank cut interest rates again on Thursday b...Reuters
Thu, Mar 6
CANADA FX DEBT-Canadian dollar notches 9-day high on tariff reprieve hopes
Canadian dollar gains 0.3% against the greenbackTouches its strongest since February 25 at 1.4243Canada's trade surplus widens to C$4 billionBond yields rise across the curveBy Fergal Smith TORONTO, March 6 (Reuters) - The Canadian dollar strengthened to a nine-day high against its U.S. count...Reuters
Thu, Mar 6
ANALYSIS-For markets, German fiscal splurge blurs ECB outlook
Traders curb ECB rate cut bets after German fiscal proposal, ECBECB cuts rates but statement seen as mildly hawkish Bond yields post historical surge, euro at four-month highBy Yoruk Bahceli and Dhara Ranasinghe LONDON, March 6 (Reuters) - A tectonic shift in German fiscal policy has compounded u...Reuters
Thu, Mar 6
