News
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USD/CAD consolidates in a range around 1.4300 ahead of US/Canadian jobs data
The USD/CAD pair extends its sideways consolidative price move for the third straight day and remains confined in a narrow trading band around the 1.4300 mark through the first half of the European session on Friday.
Fxstreet
Feb 7, 2025
BUZZ-COMMENT-This week's close could be significant for the loonie
Feb 7 (Reuters) - A turbulent week for the Canadian dollar but one that could see a deeper recovery set in despite tariff uncertainty hanging over the currency.From a technical perspective the February 3 USD/CAD spike to 1.4792 and subsequent close at 1.4426 set the tone for a significant shift in t...Reuters
Feb 7, 2025
China's forex reserves rise unexpectedly in January
BEIJING, Feb 7 (Reuters) - China's foreign exchange reserves rose unexpectedly in January, central bank data showed on Friday, as the dollar lost some momentum.The country's foreign exchange reserves, the world's largest, rose $7 billion last month to $3.209 trillion, exceeding a Reuters...Reuters
Feb 7, 2025
BUZZ-COMMENT-Emerging nations fuel a crisis for their currencies
Feb 7 (Reuters) - Several emerging nations are encouraging their currencies to drop, with central banks unusually moving out of step with the Federal Reserve to lower interest rates.Not only is this a marked change in behaviour, interest rates are being lowered when currencies are extremely weak.Cut...Reuters
Feb 7, 2025
JGB yields hit fresh multi-year highs on BOJ rate-hike bets
TOKYO, Feb 7 (Reuters) - Japan's government bond yields hit fresh multi-year highs on Friday on bets that the Bank of Japan (BOJ) may raise interest rates earlier than the market had expected.The 10-year JGB yield JP10YTN=JBTC rose 4 basis points (bps) to 1.3%, its highest since April 2011. The ...
Reuters
Feb 7, 2025
FOREX-Yen bolstered by rate hike bets; US job data in focus
Dollar/yen briefly breaks below 151 as traders bet on more BOJ hikesSterling licks wounds after Thursday's BOE meetingOther major currencies steady with focus on US payrolls reportUpdates to Asian afternoonBy Brigid Riley TOKYO, Feb 7 (Reuters) - The yen climbed to a nine-week high on Friday ...Reuters
Feb 7, 2025
EUR/JPY struggles to build on its recovery from multi-month low beyond mid-157.00s
The EUR/JPY cross stages a goodish intraday recovery from the 156.75 area, or its lowest level since early December touched earlier this Friday and for now, seems to have snapped a two-day losing streak.
Fxstreet
Feb 7, 2025
Yuan slips as investors focus on Sino-US trade relations
SHANGHAI, Feb 7 (Reuters) - China's yuan slipped against the dollar on Friday, with investors cautiously monitoring developments in Sino-U.S. trade and keen to know if there would be a phone call between the leaders of the two nations.Beijing on Tuesday slapped tariffs on U.S. imports in an im...Reuters
Feb 7, 2025
BUZZ-COMMENT-JPY pairs to fresh lows, US jobs report a speed-bump?
Feb 7 (Reuters) - JPY pairs have extended their drop in Asia Friday ahead of key U.S. jobs data. Although a stronger-than-expected U.S. report could see USD/JPY pop higher, the yen looks set to climb over time on a clear shift in central bank expectations and concomitant moves in yield differentials...Reuters
Feb 7, 2025
