News
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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
Brazilian fintech Meliuz adopts bitcoin reserve strategy; shares soar
SAO PAULO, March 6 (Reuters) - Brazilian fintech Meliuz CASH3.SA has launched a new strategy allowing it to allocate part of its cash reserves in bitcoin and could eventually make the cryptocurrency the main asset of its treasury, it said on Thursday.The company's Sao Paulo-traded shares jumped ...Reuters
Thu, Mar 6
COMMENT-USD/JPY pares drop though tide stays bearish
Stretched yen longs are facing an intraday setback though they're unlikely to exit their positions.Higher Treasury yields, following comments from Commerce Secretary Howard Lutnick about potentially lowering tariffs in the future, are supporting USD/JPY.However, Thursday's report of a four-y...Reuters
Thu, Mar 6
Microsoft to invest $300 million more in South Africa's AI infrastructure
By Nqobile Dludla JOHANNESBURG, March 6 (Reuters) - Microsoft MSFT.O will invest an additional 5.4 billion rand ($296.81 million) by the end of 2027 to expand its cloud and artificial intelligence infrastructure in South Africa to meet the growing demand for the company's Azure services in th...Reuters
Thu, Mar 6
UK inflation hump unlikely to lead to long-term price pressures, BoE's Mann says
By Suban AbdullaLONDON, March 6 (Reuters) - Bank of England policymaker Catherine Mann said on Thursday a pick up in inflation was unlikely to lead to longer-term price problems in Britain's economy, and that global volatility had weakened the case for a gradual approach to cutting rates. "I...Reuters
Thu, Mar 6
FOREX-Euro rises to four-month high as US dollar struggles again
ECB cuts rates, but raises near-term inflation forecastEuro on track for largest weekly gains since May 2009U.S. dollar index hovers at 4-month lowsBy Gertrude Chavez-Dreyfuss and Yadarisa Shabong NEW YORK, March 6 (Reuters) - The euro touched a four-month peak against the U.S. dollar on Thursday...Reuters
Thu, Mar 6
COMMENT-EUR/USD bulls still reign but may have to tread cautiously
March 6 (Reuters) - EUR/USD rose above the 61.8% Fibo retracement of the 1.1214-1.0125 drop and struck a fresh 4-month high as bulls continued their charge, but the rally faces risks that investors should take into consideration.The pair's sharp gains have been driven by Germany's plan for a...Reuters
Thu, Mar 6
Microsoft to invest additional 5.4 billion rand in South Africa AI infrastructure
JOHANNESBURG, March 6 (Reuters) - Microsoft will invest an additional 5.4 billion rand ($296.81 million) in artificial intelligence (AI) infrastructure in South Africa, Microsoft Vice Chair and President Brad Smith said on Thursday.($1 = 18.1936 rand)Reuters
Thu, Mar 6
Fed's Harker says warning signs emerging for US economy
By Michael S. DerbyMarch 6 (Reuters) - Philadelphia Federal Reserve President Patrick Harker said on Thursday that trouble may be brewing for a U.S. economy that is currently in good shape but showing signs of stress in the consumer sector and risks to the inflation outlook. "Unemployment still ...Reuters
Thu, Mar 6
Sanctioned Russian crypto exchange suspends services as Tether blocks wallets
By Elena Fabrichnaya and Alexander Marrow MOSCOW, March 6 (Reuters) - Russian cryptocurrency exchange Garantex on Thursday said stablecoin Tether had blocked digital wallets on its platform holding more than 2.5 billion roubles ($28 million), forcing it to suspend operations days after coming und...Reuters
Thu, Mar 6
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Thursday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.2% lower at C$1.4362 to the greenback, or 69.63 U.S. cents, after trading in a range of 1.431 to 1.4376.Canadian government 10-year bond yields CA10YT=RR ...Reuters
Thu, Mar 6
