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USD/CAD consolidates above 1.4300 mark; upside potential seems limited
USD/CAD struggles to gain any meaningful traction and hangs near a two-week trough. Subdued Oil prices and the BoC’s dovish outlook undermine the Loonie and cap the pair. The USD languishes near the weekly low and further acts as a headwind for spot prices.
Fxstreet
Feb 5, 2025
Yuan weakens as fresh tariff war dogs post-holiday trade
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 fresh trade disputes between the world's two largest economies.Beijing on Tuesday slapped tariffs on U.S. imports in a rapid response to ne...Reuters
Feb 5, 2025
FOREX-Yuan slumps on trade-war anxiety; yen jumps
Onshore yuan falls following return from extended breakYen rises on upbeat Japanese wage gainDollar on the back foot, giving respite to peersUpdates to mid Asia morningBy Rae Wee SINGAPORE, Feb 5 (Reuters) - The yuan sank on Wednesday as a new Sino-U.S. trade war shook Chinese markets returning f...Reuters
Feb 5, 2025
BUZZ-Fed Jefferson - No need to hurry further rate cuts
FOMC ViceChair Jefferson like other Fed off'ls in no hurry to cut again soonHe does seen rates likely to fall over the medium term but not right awayDisinflation will continue though progress may be slowLike FOMC Chair Powell, notes plenty of uncertainty over government policyGrowth and labour m...Reuters
Feb 5, 2025
BUZZ-USD/JPY off leg on lower US rates, as trade concerns ease?
USD weaker on a broad front overnight, leads to leg down in USD/JPYUnsure whether easing concerns over US trade tariffs warrantedUS yields also easier, Treasury 2s @4.227%, 10s @4.526%, JGB yields firmerMore narrowing of Japan-US interest rate differentials, in 10s @322 bps nowUSD/JPY from 155.52 to...Reuters
Feb 5, 2025
FOREX-Aussie, New Zealand dollars get respite ahead of China's reopen
By Rae Wee SINGAPORE, Feb 5 (Reuters) - The Australian and New Zealand dollars clung to gains on Wednesday ahead of the resumption of trade in Chinese markets, where eyes are on Beijing's fixing of the yuan midpoint rate following the outbreak of Donald Trump's trade war.The dollar was on...Reuters
Feb 5, 2025
FOREX-US dollar edges lower as China tariffs kick in
Markets see Trump's tariff threats as a negotiating toolU.S. dollar index down 0.56% amid tariff tensionsChina imposes tariffs on U.S. imports in responseEuro and Australian dollar riseCanadian dollar down after Monday reboundPresident Trump granted Canada, Mexico 30-day reprieveUpdates with lat...Reuters
Feb 4, 2025
US Congress to form cryptocurrency working group
Adds paragraphs 2-5By Douglas Gillison WASHINGTON, Feb 4 (Reuters) - U.S. Representative French Hill, a Republican who chairs the House Financial Services Committee, said on Tuesday lawmakers from both chambers of congress would form a working group to develop policy favoring development of d...Reuters
Feb 4, 2025
Mexico implements measures to ensure stability of financial markets
Adds details on finance ministry measuresMEXICO CITY, Feb 4 (Reuters) - Mexico's finance ministry said on Tuesday it was implementing measures to guarantee the stability of financial markets, as the peso currency and local stock exchange have undergone extended volatility amid the threat of U.S....Reuters
Feb 4, 2025
Mexico implements measures to assure stability of financial markets
MEXICO CITY, Feb 4 (Reuters) - Mexico's finance ministry said on Tuesday it was implementing measures to guarantee the stability of financial markets, as the peso currency and local stock exchange have undergone extended volatility amid the threat of U.S. tariffs on Mexican exports.Reuters
Feb 4, 2025
BUZZ-COMMENT-US recap: EUR/USD up as dollar jolted by soft openings data
Feb 4 (Reuters) - The dollar index fell with Treasury yields on Tuesday after a report showing U.S. job openings fell the most in 14 months, signaling a slowing economy.While the Trump administration imposed an additional 10% tariff on China imports, fears of an impending global trade war abated. Ch...Reuters
Feb 4, 2025
Mexican Peso wavers amid US tariff delays, strong US data
The Mexican Peso (MXN) registered losses against the US Dollar (USD) on Tuesday, but still it remains up in the week after United States (US) President Donald Trump delayed tariffs on Mexico, following discussions held with Mexican President Claudia Sheinbaum.
Fxstreet
Feb 4, 2025
