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EMERGING MARKETS-FX and stocks cheer Trump's softer stance on tariffs, interest rate demand
Trump says trade deal can be reached with China Dollar tumbles to one-month low MSCI EM FX index set for best week in over a yearMSCI EM FX index up 0.5%, stocks add 0.7%By Purvi Agarwal Jan 24 (Reuters) - Most emerging market currencies gained on Friday, with MSCI's index putting them at an ...Reuters
Jan 24, 2025
BUZZ-COMMENT-Swedish crown's 2024 high a viable 2025 target
Jan 24 (Reuters) - Market positioning ahead of next week's Riksbank meeting could see EUR/SEK adjust higher but long-term charts suggest the cross could re-visit the 2024 low this year.EUR/SEK has been edging lower since peaking at 11.7105 in October and is currently testing levels below its wee...Reuters
Jan 24, 2025
BUZZ-COMMENT-Where USD closes will have a huge bearing on direction
Jan 24 (Reuters) - Where the U.S. dollar closes at the end of this week is key for its direction for next week and beyond. U.S. President Donald Trump's latest comments on China tariffs pushed the dollar broadly lower, keeping it on track for its worst weekly fall in two months. Investors have s...Reuters
Jan 24, 2025
Bank of Japan raises interest rates to highest in 17 years, yen jumps
BOJ raises short-term policy rate 25 bps to 0.5% from 0.25%Board raises price forecasts, flags brightening wage outlookBOJ sees price risks skewed to upside, says markets stableUeda says rates still below neutral, signals more hikesU.S. growth solid, markets stable but Trump risk loomsAdds Ueda'...Reuters
Jan 24, 2025
Eurozone Preliminary Manufacturing PMI improves to 46.1 in January vs. 45.3 expected
The Eurozone manufacturing sector remained in contraction while the services sector activity expanded less-than-expected in January, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Friday.
Fxstreet
Jan 24, 2025
FOREX-Yen gains on BOJ hike, dollar slides as Trump softens tone on China
Yen strengthens following BOJ rate hike, upward revisions to inflation forecastsAussie, kiwi dollars jump after Trump dials down on China tariff talkDollar eyes worst week in over a yearUpdates in European morning tradeBy Rae Wee and Greta Rosen Fondahn SINGAPORE/GDANSK, Jan 24 (Reuters) - Th...Reuters
Jan 24, 2025
BUZZ-COMMENT-Fed-ECB contrast might deflate EUR/USD to 1.03
Jan 24 (Reuters) - The euro could be riding for a fall against the dollar if the European Central Bank delivers a more dovish than expected interest rate cut on Jan. 30 - especially if it comes hot-on-the-heels of a hawkish hold from the Federal Reserve. The Fed is universally expected to keep rates...Reuters
Jan 24, 2025
BUZZ-COMMENT-Peak of new EUR/USD range may develop soon
Jan 24 (Reuters) - The peak of a new EUR/USD range is very likely to develop soon, and this is a good time to hedge the risk that EUR/USD settles lower in 2025.This year began with a plunge below the rough 1.05-1.10 bounds in which EUR/USD traded throughout most of 2023 and 2024, ending a long quiet...Reuters
Jan 24, 2025
