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Forex Today: US Dollar holds ground as markets assess possible US trade policies
Here is what you need to know on Wednesday, January 22: Following a rebound during the European trading hours on Tuesday, the US Dollar (USD) lost its momentum as risk flows dominated the action in the second half of the day.Fxstreet
Jan 22, 2025
FOREX-Dollar drifts higher as traders ponder Trump tariff plans
Traders expect cautious U.S. approach to tariffs to reduce inflation risksMooted 10% levies on China far short of 60% threatened earlierNew Zealand's tame inflation boosts rate cut bets, pressuring kiwiUpdates prices ahead of European market openBy Kevin Buckland TOKYO, Jan 22 (Reuters) - The dol...Reuters
Jan 22, 2025
USD/CAD ticks higher amid modest USD strength, lacks follow-through beyond mid-1.4300s
The USD/CAD pair attracts some dip-buyers following the previous day's sharp retracement slide from the highest level since March 2020, though it struggles to capitalize on the move beyond the mid-1.4300s.
Fxstreet
Jan 22, 2025
Yuan falls as Trump hints at new tariffs on Chinese imports
SHANGHAI, Jan 22 (Reuters) - China's yuan fell against the U.S. dollar on Wednesday following President Donald Trump's hint of potential new tariffs on Chinese imports.Trump said on Tuesday his administration was discussing a 10% punitive duty on Chinese imports because fentanyl is being sent from C...Reuters
Jan 22, 2025
BUZZ-COMMENT-USD/JPY in new, tad lower range for now?
Jan 22 (Reuters) - USD/JPY has ratcheted down after reaching a 158.88 high on Jan 10, and appears to be settling into a slightly lower core 155.00-156.50 or wider 154.50-157.00 range as the market awaits concrete U.S. trade measures under the new Trump administration.President Donald Trump announced...Reuters
Jan 22, 2025
FOREX-Dollar drifts lower as traders ponder Trump tariff plans
Dollar dips amid uncertainty over Trump's tariff plansTraders expect cautious approach to tariffs, reducing inflation risksBank of Japan expected to raise rates, supporting yenBy Kevin Buckland TOKYO, Jan 22 (Reuters) - The dollar drifted slightly lower on Wednesday in indecisive trading as a lac...Reuters
Jan 22, 2025
BUZZ-USD/JPY holding in tad lower range with 55-DMA base
USD/JPY looks to have bottomed for now, base at 154.81 ascending 55-DMASwoon yesterday to area of 55-DMA, bounce since, Asia today 155.60-82 EBSSpike high yesterday 156.24, high Monday 156.56, likely near-term capMarket still on tenterhooks on Trump policy moves, initiativesNo other Trump tariff mea...Reuters
Jan 22, 2025
Australia, NZ dollars buffeted by tariff talk; NZ inflation benign
By Wayne Cole SYDNEY, Jan 22 (Reuters) - The Australian and New Zealand dollars were again buffeted by uncertainty over U.S. tariff policy on Wednesday, while kiwi bonds rallied as a benign reading on inflation left the door wide open to more rate cuts there.The headline consumer price index rose...Reuters
Jan 22, 2025
