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FOREX-Dollar on track for worst week since November 2023
Dollar eyes worst week in over a yearYen higher after BOJ hike ratesEuro, sterling up 2% against greenback on the weekUpdated in New York morning timeBy Karen Brettell NEW YORK, Jan 24 (Reuters) - The dollar fell on Friday and was on track for its worst week in more than a year on expectations th...Reuters
Jan 24, 2025
BUZZ-COMMENT-Late-season hibernation may be in vogue for EUR/USD bears
Jan 24 (Reuters) - EUR/USD rallied to a 1-month high Friday and key resistance in the 1.0600/30 zone may give way as bears retreat due to potential for easing trade tensions, data disparities and technicals.In an interview with Fox News President Trump said he would rather not use tariffs against Ch...Reuters
Jan 24, 2025
REFILE-Foreign investors bet on Turkey, drawn by rate cuts, easing inflation
Refiles to include full name of Axa Investment Managers in para 19Turkey local gov't bonds see big foreign inflows this monthTurkey's December inflation eased faster than expected Syria, Gaza reconstruction could benefit TurkeyBy Libby George and Karin Strohecker LONDON, Jan 24 (Reuters) ...Reuters
Jan 24, 2025
BUZZ-COMMENT-Sterling bulls euphoric after Trump rate, trade comments
GBP/USD is poised to rally further if U.S. President Donald Trump rhetoric about lower U.S. rates and a softer approach to tariffs materialize.Sterling rose above key resistance at the 30-DMA near 1.2429 in European trading and faces further obstacles at 1.2455, the 50% Fib of the December-January ...Reuters
Jan 24, 2025
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
The Canadian dollar strengthened against the greenback on Friday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.4% higher at C$1.4323 to the greenback, or 69.82 U.S. cents, after trading in a range of 1.4316 to 1.4383.Canadian government 10-year bond yields CA10YT...Reuters
Jan 24, 2025
Brazil's current account deficit widens in December, deteriorates in 2024
Adds further data in paragraphs 3-5, 7-10 BRASILIA, Jan 24 (Reuters) - Brazil closed 2024 with a current account deficit equivalent to 2.55% of gross domestic product (GDP), the central bank said on Friday, more than double the level seen in the previous year after reporting a shortfall in Decemb...Reuters
Jan 24, 2025
FOREX-Dollar slides as Trump softens tone on China tariffs
Dollar eyes worst week in over a yearYen unchanged after BOJ hike, upward revision to inflation forecastsEuro, sterling track 2% rise against greenback on the weekUpdates in European afternoon tradeBy Rae Wee and Greta Rosen Fondahn SINGAPORE/GDANSK, Jan 24 (Reuters) - The dollar fell on Friday, ...Reuters
Jan 24, 2025
RPT-BREAKINGVIEWS-Larry Fink uncomfortably blurs crypto lines
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.By Jonathan Guilford NEW YORK, Jan 23 (Reuters Breakingviews) - What is a digital currency worth? If it has President Donald Trump’s name on it, the answer right now is more than $7 billion. Despite years of shou...Reuters
Jan 24, 2025
ECB pitches digital euro as response to Trump's crypto push
FRANKFURT, Jan 24 (Reuters) - Euro zone banks need a digital euro to respond to U.S. President Donald Trump's push to promote stablecoins, a type of cryptocurrency typically pegged to the U.S. dollar, European Central Bank board member Piero Cipollone said on Friday.Trump said he would "prom...Reuters
Jan 24, 2025
BUZZ-COMMENT-Charts to Watch-USD/CAD bias, yen driver, dollar positioning
Jan 24 (Reuters) - Chart 1: USD/CAD short-run bias remains higher leading into Feb 1 U.S. President Donald Trump appears to have taken a softer tone towards China regarding tariffs, though the same cannot be said for Canada and Mexico. The president has reiterated his threat that he could imp...Reuters
Jan 24, 2025
Sterling jumps as tariff doubts weigh on dollar
By Greta Rosen Fondahn Jan 24 (Reuters) - The pound rallied against the dollar on Friday, on track to close the week higher after three weeks of losses, as a lack of concrete tariff policies during U.S. President Donald Trump's first week in office pressured the greenback across the board. St...Reuters
Jan 24, 2025
GRAPHIC-Stumbling growth and stubborn inflation: the BoE's rate cut challenge
By William Schomberg, Sumanta Sen LONDON, Jan 24 (Reuters) - The Bank of England must contend with a slowdown in Britain's economy but also stubborn inflation pressures when it considers whether to cut interest rates in early February as well as its message about the outlook for the rest of t...Reuters
Jan 24, 2025
DXY and EUR/USD are pretty stuck in ranges – Societe Generale
Today’s BoJ rate hike is a step on the road to normalization, consistent with a less oversold Japanese Yen (JPY). The Dollar Index (DXY) seeing its biggest two-week since August, is consistent with the recent phase of dollar strength losing momentum.
As Cuba-US relations sour, the island needs dollars more than ever
Cuba opens first grocery store accepting U.S. currency in two decadesPartial dollarization aims to fix economy amid U.S. trade embargoGrowing inequality between those with and without foreign currency accessBy Marc FrankHAVANA, Jan 24(Reuters) - Cash-starved Cuba this month opened the first grocery ...Reuters
Jan 24, 2025
U.S. lawmakers are light on crypto heading into new Trump era
JD Vance is among 13 members reporting crypto holdingsCrypto companies spent heavily on congressional racesTrump has named crypto advocates to high-level roles in administrationBy Douglas Gillison, Tom Bergin, Chris Prentice, Isla Binnie WASHINGTON, Jan 24 - President Donald Trump’s administratio...Reuters
Jan 24, 2025
