News
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CANADA FX DEBT-Canadian dollar sticks to recent sideways trading pattern
Loonie trades in a range of 1.4183 to 1.4244Speculators cut bearish bets on the currencyPrice of U.S. oil settles 0.4% higherBond yields ease across the curveBy Fergal Smith TORONTO, Feb 24 (Reuters) - The Canadian dollar steadied against its U.S. counterpart on Monday, extending its recent sidew...Reuters
Mon, Feb 24
BUZZ-COMMENT-US recap: EUR/USD holds post-election gain
Feb 24 (Reuters) - The dollar was mixed on Monday with the euro holding gains after weekend German elections while haven currencies eased. Month-end rebalancing flows were seen as modestly dollar supportive though falling Treasury yields after another batch of soft U.S. data limited greenback gains....Reuters
Mon, Feb 24
FOREX-Euro backs off highs as German coalition talks eyed, dollar edges up
Euro pares early gains in wake of German election resultsDollar briefly falls to lowest in two months on U.S. growth concernsU.S. inflation data, host of Fed speakers, expected this weekUpdates to morning U.S. tradingBy Chuck Mikolajczak NEW YORK, Feb 24 (Reuters) - The euro pulled back from earl...Reuters
Mon, Feb 24
REFILE-BUZZ-COMMENT-Yen enthusiasts may switch up tactics
Fix spelling in partlyUSD/JPY losses might slow after retracing half of its rally from the September 2024 low, which could leave yen bulls in a quandary about how to express their optimism for the Japanese currency. In such a situation, it might reasonable to expect market participants to replace sh...Reuters
Mon, Feb 24
Bank of Israel holds rates but leaves hope for cuts this year
Inflation expected to return to target range in second half of yearLabour market tightness and supply constraints drive inflation pressuresGovernor Yaron suggests potential rate cuts if inflation stabilizesRecasts, adds more central bank/analyst comments,By Steven Scheer JERUSALEM, Feb 24 (Reuter...Reuters
Mon, Feb 24
BUZZ-COMMENT-EUR/USD stalls above 1.05 yet again
Feb 24 (Reuters) - Initial advances in the euro following the German election have proved to be fleeting as the single currency yet again stalled above 1.05 , indicating traders remain reluctant to chase gains and other issues, such as U.S. tariffs, remain a bigger driver. For the market, the key ta...Reuters
Mon, Feb 24
Bank of Israel keeps rates steady again after January inflation spike
JERUSALEM, Feb 24 (Reuters) - The Bank of Israel kept short-term interest rates unchanged for a ninth straight meeting on Monday after inflation jumped at the start of 2025 even as economic growth remains weak due to the conflict with Palestinian Islamist group Hamas in Gaza.The central bank - which...Reuters
Mon, Feb 24
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield climbs
The Canadian dollar strengthened against the greenback on Monday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0% higher at C$1.4215 to the greenback, or 70.35 U.S. cents, after trading in a range of 1.4183 to 1.4228.Canadian government 10-year bond yields CA10YT=R...Reuters
Mon, Feb 24
FOREX-Euro treads water as focus shifts to German coalition talks, dollar steadies
Euro pares early gains in wake of German election resultsDollar briefly falls to lowest in two months on U.S. growth concernsRaft of U.S. economic data, Fed speakers expected this weekUpdates in afternoon European tradeBy Rae Wee and Greta Rosen Fondahn SINGAPORE/GDANSK, Feb 24 (Reuters) - The eu...Reuters
Mon, Feb 24
AUD/USD falls back from 0.6400 as US Dollar bounces back
AUD/USD retreats from 0.6400 as the US Dollar recovers its intraday losses. Investors digest weak preliminary US S&P Global PMI data for February. Going forward, Australian monthly CPI data for January will influence RBA’s policy outlook.
Fxstreet
Mon, Feb 24
CAD loses ground on the crosses – Scotiabank
BoC Governor Macklem said Friday the economy was on a 'better footing' on the back of a pickup in consumer demand but noted again that the consequences of a trade war with the US would be 'severe' and the threat of tariffs was already doing economic harm, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Mon, Feb 24
BUZZ-COMMENT-Sterling struggles to overcome moving average resistance
Feb 24 (Reuters) - Sterling is clinging to a choppy underlying daily bull trend versus the dollar, but recent sessions have brought stalling at the 100-day moving average.Failure to close above the average, 1.2645, could bring a March 26 1.2442-1.2444 Ichimoku cloud twist into play. Cloud twists can...Reuters
Mon, Feb 24
Sterling edges down against euro after German election
By Greta Rosen Fondahn Feb 24 (Reuters) - The pound traded lower against the euro on Monday after Germany's conservatives won a national election as expected.The euro initially rose to its highest in more than two weeks against the pound, but pared some of those gains and was last up 0.1% wit...Reuters
Mon, Feb 24
