News
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BUZZ-COMMENT-Tariff impact on inflation may trump growth risk for Fed
Feb 6 (Reuters) - Federal Reserve official Austan Goolsbee offered some interesting comments on Wednesday, warning about the potential inflationary impact of tariffs. This is notable given that Goolsbee is among the more dovish members on the committee. Therefore, this provides an insight into what ...Reuters
Feb 6, 2025
Pound and bond yields slide after BoE cuts rates
Feb 6 (Reuters) - The pound was set for its biggest one-day fall since early January on Thursday after the Bank of England cut interest rates as expected, with two officials calling for an even larger rate cut against a backdrop of weaker growth.Sterling GBP=D3 extended its fall, down about 1% at $1...Reuters
Feb 6, 2025
Sterling drops ahead of Bank of England rate decision
Updates prices, milestonesBy Greta Rosen Fondahn Feb 6 (Reuters) - Sterling fell against the dollar on Thursday, on track for its biggest daily drop in about a month, as investors awaited the outcome of the Bank of England's meeting, at which the central bank is widely expected to cut interes...Reuters
Feb 6, 2025
BUZZ-COMMENT-Fragile USD/JPY could be on the verge of a 150 probe
Feb 6 (Reuters) - FX traders should beware that USD/JPY has taken a turn for the worse - the expectation is for a deeper slump to probe 150 in coming sessions if a key technical level is fully overcome.The yen climbed to an eight-week top versus the dollar on Thursday, after a Bank of Japan policy b...Reuters
Feb 6, 2025
EMERGING MARKETS-FX lower as dollar recovers; Czech crown higher before rate decision
Israeli army prepares for departure of Gaza residentsChina challenges U.S. tariffs at WTO Czech Republic interest rate decision expected MSCI EM FX down 0.2%, stocks up 0.3%By Purvi Agarwal Feb 6 (Reuters) - Most emerging market currencies were lower on Thursday, pressured by a rebound in the dol...Reuters
Feb 6, 2025
FOREX-Dollar edges up, sterling falls ahead of Bank of England meet
Sterling slips ahead of expected Bank of England rate cutYen steady after touching 8-week high vs dollar overnight Dollar slightly higher, but still near recent lowsUpdates in early European tradeBy Kevin Buckland and Greta Rosen Fondahn TOKYO/GDANSK, Feb 6 (Reuters) - The dollar edged up on Thur...Reuters
Feb 6, 2025
Kenya central bank sees minimal effect on shilling from Trump aid freeze
Adds details on reserves in paragraph 3 and more context throughoutBy George Obulutsa NAIROBI, Feb 6 (Reuters) - Kenya's central bank governor said on Thursday that bank officials did not see much effect on the exchange rate from U.S. President Donald Trump's foreign aid freeze.In late Ja...Reuters
Feb 6, 2025
BUZZ-COMMENT-Clearly prudent to hedge risk of bigger dollar rise
Feb 6 (Reuters) - The dollar has risen toward crucial levels versus major currencies and to record highs, or towards them, for many emerging currencies. It's clearly prudent to hedge the risk that the global reserve currency rises beyond highly influential levels during the period of uncertainty...Reuters
Feb 6, 2025
BUZZ-COMMENT-If Trump gets heavy with Powell, dollar won't like it
Feb 6 (Reuters) - The dollar could be negatively impacted if U.S. President Donald Trump turns up the heat on Jerome Powell through the remainder of his tenure at the Federal Reserve. U.S. Treasury Secretary Scott Bessent told Fox Business Network on Wednesday that, while Trump wanted lower interest...Reuters
Feb 6, 2025
Kenya's central bank does not see much effect on exchange rate from Trump aid freeze
NAIROBI, Feb 6 (Reuters) - Kenya's central bank governor said on Thursday that bank officials did not see much effect on the exchange rate from U.S. President Donald Trump's foreign aid freeze."We don't see much impact on the exchange rate from the freeze on aid. We see our foreign e...Reuters
Feb 6, 2025
BUZZ-COMMENT-Options flag extent of U.S. NFP risk to Forex market
Feb 6 (Reuters) - Overnight options now expire at 10:00 a.m. New York/15.00 GMT on Friday, and therefore include January's U.S. jobs data, with the increase in related premiums showing the expected FX market reaction.FX volatility is a key, yet unknown, parameter of an FX option premium, so deal...Reuters
Feb 6, 2025
Rouble strengthens against dollar on news of Russia-U.S. talks, up 15% this year
MOSCOW, Feb 6 (Reuters) - The rouble strengthened further against the U.S. dollar on Thursday on news about possible talks between Russia and the United States on Ukraine, bringing total gains in the Russian currency to 15% since the start of the year. At 0830 GMT, the rouble was up 1.3% to 97.70 ag...Reuters
Feb 6, 2025
