News
Important Only
BUZZ-COMMENT-OPEC plan could completely change FX markets
Feb 12 (Reuters) - The Organisation of Petroleum Exporting Countries and their allies plan to begin the unwind of its output cuts gradually in April which could completely change FX markets.Oil which has traded heavily throughout the period that producers have limited supply could slide below the ba...Reuters
Wed, Feb 12
FOREX-Dollar bulls take a breather ahead of US CPI
Dollar mostly retreats as traders await U.S. inflation dataFed Chair Powell sees no rush to cut interest ratesYen slips below 200-day moving averageUpdates prices to Asia afternoonBy Tom Westbrook SINGAPORE, Feb 12 (Reuters) - The dollar stepped back from a tariff-driven rally on Wednesday, as tr...Reuters
Wed, Feb 12
Trump may dust off 1930 trade discrimination law to back reciprocal US tariffs
Section 338 precedes Most Favored Nation tariff systemLaw allows 50% tariffs for countries discriminating against US commerce Trump has favored tools that allow immediate tariffs in new termBy David Lawder WASHINGTON, Feb 12 (Reuters) - President Donald Trump is likely to dust off a 1930 trade la...Reuters
Wed, Feb 12
EUR/JPY rallies to one-week top, further beyond 159.00 amid notable JPY weakness
The EUR/JPY cross builds on this week's solid recovery move from the vicinity of mid-155.00s, or the lowest level since August 2024, and gains strong follow-through positive traction for the third straight day on Wednesday.
Fxstreet
Wed, Feb 12
Australia dollar tests major resistance, kiwi less fortunate
SYDNEY, Feb 12 (Reuters) - The Australian dollar was testing a major resistance level on Wednesday as the tariff-driven rally in the greenback took a breather, while the kiwi was less fortunate amid expectations of more policy easing from its central bank. Much is riding on a U.S. consumer...Reuters
Wed, Feb 12
BUZZ-COMMENT-INR a one-way bet no more as RBI comes down hard
Feb 12 (Reuters) - The Reserve Bank of India's aggressive intervention to shore up the Indian rupee this week has rattled complacent traders betting on a one-way decline in the currency.The INR rallied to 86.50 on Tuesday, a 1.7% rise from Monday's all-time low of 88.00 on the Reuters dealin...Reuters
Wed, Feb 12
