News
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BUZZ-COMMENT-Flatlining UK economy keeps sterling outlook gloomy
Jan 16 (Reuters) - Grey skies remain above the pound after another worse-than-expected UK economic output number on Thursday, with 1.20 and 1.18 among GBP/USD bear targets. UK gross domestic product rose by 0.1% in November, compared to a forecast increase of 0.2%. This was the third consecutive mo...Reuters
Jan 16, 2025
BUZZ-COMMENT-Rise for world's reserve currency far from over
Jan 16 (Reuters) - President-elect Donald Trump's pick for Treasury secretary, hedge fund manager Scott Bessent, has vowed to maintain the dollar's status as the world's reserve currency, which should see it add the massive gains it has made since 2011 that saw it reach an 18-year high last month.Th...Reuters
Jan 16, 2025
Sterling dips after data shows slower UK economic growth
LONDON, Jan 16 (Reuters) - The pound fell on Thursday after data showed the British economy grew more slowly than expected in November, which could give the Bank of England more room to cut interest rates this year. The Office for National Statistics said gross domestic product expanded by 0.1% i...Reuters
Jan 16, 2025
FOREX-Dollar steadies, yen gains ahead of BOJ meeting
Yen firms against dollar on possible BOJ rate hikesCooling inflation in U.S. ups chances of Fed rate cutsTraders eyeing Trump inauguration and possible tariff ordersUpdates prices to Asia afternoonBy Tom Westbrook SINGAPORE, Jan 16 (Reuters) - The dollar steadied on Thursday, after dipping alongs...Reuters
Jan 16, 2025
JGB yields slide on strong auction, plunge in US yields
Updates after auction resultsBy Kevin Buckland TOKYO, Jan 16 (Reuters) - Japanese government bond yields dropped on Thursday amid pressure from a steep slide in U.S. Treasury yields overnight and strong demand at an auction of domestic 20-year bonds. The 10-year JGB yield JP10YTN=JBTC sank...Reuters
Jan 16, 2025
Trump Treasury pick Bessent faces Senate grilling on taxes, trade, deficits
Bessent makes debut as Trump's economic point manHedge fund manager a vocal advocate for Trump's tariff agenda Markets seen scrutinizing Bessent comments on debt, dollar, FedSenate Democrats to grill Bessent on Trump tax cut extensionsBessent vows to maintain dollar reserve currency status By David...Reuters
Jan 16, 2025
UPDATE 4-Bank of Korea unexpectedly holds rate steady as political turmoil, won weigh
BOK holds interest rate steady at 3.00% Only seven of 34 economists polled foresaw outcomeWon recently plunged to 15-year low against U.S. dollarBank sees need for political turmoil to stabiliseMost board members are open to a near-term rate cutRecasts after Governor Rhee's news conferenceBy Cynthia...Reuters
Jan 16, 2025
