News
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COMMENT-USD/JPY flirts with new closing low for year
Increasing pressure on the dollar will probably mean that USD/JPY rallies are unlikely to last long until the narrative changes for the greenback.The pair is poised to post a new closing low for the year as the promise of German fiscal spending boosts the euro, while slumping oil prices and falling ...Reuters
Wed, Mar 5
Fitch Says U.S. Tariffs Exacerbate Macro Concerns For Mexican Corporates
March 5 (Reuters) - FITCH: FITCH: U.S. TARIFFS EXACERBATE MACRO CONCERNS FOR MEXICAN CORPORATESFITCH: DIVERSIFIED INDUSTRIALS AND AUTOS SECTORS IN MEXICO WILL BE MORE DIRECTLY AFFECTED BY NEW 25% U.S. TARIFFS IMPOSED ON MEXICAN GOODSFITCH: CONTINUED CURRENCY DEPRECIATION WOULD HAVE MORE IDIOSYNCRATI...Reuters
Wed, Mar 5
Bank of England's Bailey urges US to step back from trade wars
LONDON, March 5 (Reuters) - Bank of England Governor Andrew Bailey urged the United States on Wednesday to settle its concerns about the global economy through dialogue rather than the kind of import tariffs that U.S. President Donald Trump has imposed this week.Bailey, speaking to British lawmakers...Reuters
Wed, Mar 5
Germany's defence spending boom 'positive' for triple-A rating, S&P Global says
By Marc Jones LONDON, March 5 (Reuters) - Germany's plan for a massive ramp-up in defence and infrastructure spending will be a "positive" for its prized triple-A sovereign credit rating, S&P Global said on Wednesday.The parties hoping to form Germany's next government have ju...Reuters
Wed, Mar 5
FOREX-Euro rises to four-month high on optimism about Germany's infrastructure fund
Euro rises to four-month high vs US dollarDollar index hit a near four-month lowChina announces more fiscal stimulus to boost consumptionUS economic numbers are mixedFocus on ECB rate policy decision on ThursdayBy Gertrude Chavez-Dreyfuss NEW YORK, March 5 (Reuters) - The euro hit four month hig...Reuters
Wed, Mar 5
COMMENT-Diverging econ views increasingly favor EUR/USD gains
March 5 (Reuters) - EUR/USD hit a 4-month high Wednesday on economic hopes raised by a massive German spending proposal, but the dollar side of the equation is also playing a role and could help the euro extend its rally.Private U.S. payrolls growth slowed sharply in February, according to ADP, with...Reuters
Wed, Mar 5
German borrowing costs could surge to 2008 levels on debt brake shift, Goldman says
By Harry Robertson LONDON, March 5 (Reuters) - Germany's 10-year borrowing costs could surge to their highest levels in more than 16 years after politicians reached a historic deal on Tuesday to overhaul the country's debt brake, Goldman Sachs has said.Friedrich Merz's conservatives a...Reuters
Wed, Mar 5
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
The Canadian dollar strengthened against the greenback on Wednesday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0% higher at C$1.4381 to the greenback, or 69.54 U.S. cents, after trading in a range of 1.4378 to 1.4449.Canadian government 10-year bond yields CA10Y...Reuters
Wed, Mar 5
ANALYSIS-Euro surge has traders burning parity bets as Europe ramps up spending
By Harry Robertson LONDON, March 5 (Reuters) - The biggest three-day rally in the euro in over two years has sent analysts scrambling to rewrite their forecasts for the currency, as a surge in European spending and signs of a weakening U.S. economy dampens chatter about a fall to $1.Deutsche Bank...Reuters
Wed, Mar 5
Swiss inflation falls to lowest in nearly four years
ZURICH, March 5 (Reuters) - Swiss inflation fell to its lowest level in nearly four years in February, government data showed on Wednesday, increasing the likelihood the Swiss central bank will cut rates later this month.Consumer prices rose by 0.3% last month compared with a year earlier, the small...Reuters
Wed, Mar 5
Euro rallies as Germany's historic debt overhaul boosts growth outlook
SINGAPORE, March 5 (Reuters) - The euro extended its rally on Wednesday and hovered near four-month highs as Germany's proposed 500 billion euro ($531 billion) infrastructure fund boosted Europe's growth prospects despite global trade tensions worrying investors.Reuters
Wed, Mar 5
Mexico's peso edges higher in another day of volatile trading
By Libby George LONDON, March 5 (Reuters) - Mexico's peso edged higher on Wednesday, regaining more of the tariff-driven losses that had pushed the currency close to its lowest since mid-2022. The peso clawed back to 20.55 by 1205 GMT, roughly 0.4% stronger versus the dollar on the day and ed...Reuters
Wed, Mar 5
Poland could rate cuts in second half of 2025, c.banker and IMF say
WARSAW, March 5 (Reuters) - The Polish central bank's Monetary Policy Council may start thinking about easing monetary policy in the second half of 2025, central banker Ludwik Kotecki said on Wednesday, a view echoed by the International Monetary Fund.The National Bank of Poland has kept interes...Reuters
Wed, Mar 5
