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REFILE-BUZZ-COMMENT-Sterling's Oct 2023 low intact, flagging a potential reversal
Adds tagsJan 29 (Reuters) - Sterling has been in a downward spiral since October 2024 with little sign of a recovery. However, the monthly GBP/USD chart shows the key October 2023 1.2039 low is intact and coupled with a monthly candle signal, warn of a potential reversal.Fundamental factors have wei...Reuters
Jan 29, 2025
UK's Reeves seeks growth boost from improving EU and US relations
EYNSHAM, England, Jan 29 (Reuters) - Britain will boost its economy by resetting its ties with the European Union and building on its special relationship with the United States, finance minister Rachel Reeves said on Wednesday."That means building on our special relationship with the United Sta...Reuters
Jan 29, 2025
EMERGING MARKETS-FX, stocks steady in the run-up to Fed rate decision
Fed interest rate decision due at 1900 GMT Trump still plans to impose Feb 1 tariffs on Mexico, CanadaCzech cen bank head to propose holding reserves in bitcoin MSCI EM FX index down 0.1%, stocks up 0.1%By Purvi Agarwal Jan 29 (Reuters) - Most emerging market currencies and stocks were steady on ...Reuters
Jan 29, 2025
FOREX-Dollar steadies ahead of Fed decision
Dollar steadies ahead of Fed policy decisionMarkets expect Fed to hold rates steadyTariff uncertainty looms as Feb. 1 deadline approachesBy Greta Rosen Fondahn Jan 29 (Reuters) - The dollar steadied on Wednesday ahead of the U.S. Federal Reserve's policy decision, with investors on edge for h...Reuters
Jan 29, 2025
BUZZ-COMMENT-January correction has refreshed EUR/USD downtrend
Jan 29 (Reuters) - The correction this month has refreshed the EUR/USD downtrend which is supported by changing interest differentials that could lead the pair below parity this year.The sell-off from 1.1214 to 1.0177 has taken the pair well below the 1.0448 low reached in the last two years.Althoug...Reuters
Jan 29, 2025
Japan to cooperate with Bessent on forex, other issues
Adds Kato's comment, context throughout TOKYO, Jan 29 (Reuters) - Japanese Finance Minister Katsunobu Kato and U.S. Treasury secretary Scott Bessent will cooperate on issues including forex, Kato said on Wednesday, following a video conference call between the two officials. Speaking to repor...Reuters
Jan 29, 2025
RPT-BUZZ-COMMENT-BoC guidance matters more to CAD than policy action
Repeats with no changesJan 29 (Reuters) - The Bank of Canada is widely expected to cut rates further on Wednesday, albeit at a slower pace of 25bps to take its main policy rate to 3% and thus move into the bank’s estimated neutral rate range of 2.25-3.25%. However, given the backdrop of potential t...Reuters
Jan 29, 2025
Japan Finance Minister Kato, US Treasury secretary Bessent agree on cooperation on forex
TOKYO, Jan 29 (Reuters) - Japan Finance Minister Katsunobu Kato and U.S. Treasury secretary Scott Bessent confirmed close cooperation in forex and various issues during a video conference, Kato said on Wednesday. Speaking to reporters, Kato did not say whether tariff was discussed during the video c...Reuters
Jan 29, 2025
Forex Today: US Dollar consolidates gains as focus shifts to Fed policy announcements
Here is what you need to know on Wednesday, January 29: The US Dollar (USD) struggles to build on Tuesday's gains as investors move to the sidelines ahead of the Federal Reserve's (Fed) highly-anticipated monetary policy announcements.Fxstreet
Jan 29, 2025
