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QUOTES-Trump vows to take over Gaza
Adds fresh comments LONDON, Feb 5 (Reuters) - President Donald Trump said the United States would take over war-ravaged Gaza and create a "Riviera of the Middle East" after resettling Palestinians elsewhere, shattering decades of U.S. policy on the Israeli-Palestinian conflict.The shock m...Reuters
Feb 5, 2025
EUR: Still reluctant to chase euro much higher – ING
We stick to our call that EUR/USD will start to lose support once crossing 1.040, as the euro remains broadly unattractive from a macro fundamental perspective and Trump has indicated that the EU should be next on the tariff list.Fxstreet
Feb 5, 2025
Pound Sterling faces pressure as BoE’s policy decision looms large
The Pound Sterling (GBP) underperforms its major peers, except the US Dollar (USD), on Wednesday as investors turn cautious ahead of the Bank of England’s (BoE) monetary policy decision, which will be announced on Thursday.
Fxstreet
Feb 5, 2025
Forex Today: US Dollar retreats, Gold renews record-high as markets await US data
Here is what you need to know on Wednesday, February 5: After weakening against its major rivals on improving risk mood and disappointing US data on Tuesday, the US Dollar (USD) struggles to hold its ground early Wednesday. Later in the session, the US economic calendar will feature ADP...
Fxstreet
Feb 5, 2025
BUZZ-COMMENT-False trend break sinks the EUR versus the SEK
Feb 5 (Reuters) - A false trend break and subsequent key day reversal on Monday sent EUR/SEK sharply lower on Tuesday and the back to back bear sessions could be a game changer for the cross. A bearish key day reversal, higher high, lower low and close below the previous close, has greater significa...Reuters
Feb 5, 2025
Israel's shekel flat after Trump says U.S. targeting Gaza Strip takeover
LONDON, Feb 5 (Reuters) - Israel's shekel currency was largely flat against the dollar on Wednesday, after U.S. President Donald Trump said his country would like to take over the Gaza Strip. The shekel was trading at 3.56 versus the dollar, a change of 0.08% from Tuesday's close. Israeli so...Reuters
Feb 5, 2025
FOREX-Yuan slips on trade-war anxiety; yen jumps
Onshore yuan falls following return from extended breakYen rises on upbeat Japanese wage gain, rising bets of BOJ hikeDollar on the back foot, giving respite to peersUpdates to Asia afternoonBy Rae Wee SINGAPORE, Feb 5 (Reuters) - The yuan sank on Wednesday as a new Sino-U.S. trade war shook Chin...Reuters
Feb 5, 2025
EU prepares to hit Big Tech in retaliation for Trump’s tariffs – FT
Citing two officials with knowledge of the plans, the Financial Times (FT) reported on Wednesday that the European Commission is preparing to deploy its “anti-coercion instrument” (ACI) in a potential retaliation to US President Donald Trump’s tariffs, which would enable the European Union (EU) to target US service sectors like Big Tech.Fxstreet
Feb 5, 2025
EUR/USD lacks firm intraday direction, stuck in a range around 1.0375-1.0380 zone
The EUR/USD pair struggles to capitalize on this week's solid recovery from the 1.0200 neighborhood, or the lowest level since January 13, and oscillates in a range near the weekly top touched earlier this Wednesday.Fxstreet
Feb 5, 2025
BRIEF-Toyota Keeps FY2024/25 Global Group-Wide Retail Sales Forecast At 10.85 Million Vehicles
Feb 5 (Reuters) - Toyota Motor Corp 7203.T:TOYOTA KEEPS FY2024/25 GLOBAL GROUP-WIDE RETAIL SALES FORECAST AT 10.85 MILLION VEHICLESTOYOTA: SEE FY2024/25 NORTH AMERICA SALES OF 2.75 MILLION VEHICLES VERSUS PREVIOUS FORECAST OF 2.72 MILLIONTOYOTA: SEE FY2024/25 JAPAN SALES OF 2.02 MILLION VEHICLES VER...Reuters
Feb 5, 2025
Yuan weakens as fresh tariff war dogs post-holiday trade
Adds analyst comment in paragraphs 8-9 and 17, equity market in paragraph 12 SHANGHAI, Feb 5 (Reuters) - China's yuan weakened against the dollar on Wednesday in the first trading session after the week-long holiday, pressured by a new trade dispute between the world's two largest economi...Reuters
Feb 5, 2025
Australia, NZ dlrs struggle to extend gains amid brewing US trade war
SYDNEY, Feb 5 (Reuters) - The Australian and New Zealand dollars struggled on Wednesday as China markets returned from a week-long holiday with a whimper, with investors waiting to see if China and the U.S. will try to defuse their escalating trade war. The Aussie slipped 0.1% to $0.6245 AUD=D3, hav...Reuters
Feb 5, 2025
Japanese Yen rallies on strong wage growth data; USD/JPY slumps to mid-153.00s
The Japanese Yen (JPY) attracts fresh buyers after data released during the Asian session on Wednesday showed a rise in Japan's real wages, which reaffirms bets that the Bank of Japan (BoJ) will raise interest rates again.
Fxstreet
Feb 5, 2025
