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Sterling tumbles for a second day against firmer dollar, even as gilt yields rise
By Greta Rosen Fondahn Jan 8 (Reuters) - Sterling slid for a second day on Wednesday against a generally firmer U.S. dollar, despite British borrowing costs sitting at around their highest in 27 years. Solid U.S. data on Tuesday confirmed investors' view that U.S. interest rates will stay higher ...Reuters
Jan 8, 2025
BUZZ-COMMENT-Dollar has to climb further to negate fears of a top
Jan 8 (Reuters) - Traders should be mindful that U.S. dollar's price action last week could be an early warning that its recent uptrend may be coming to an end. The dollar has to climb above its recent two-year peak in order to negate fears of a top in the currency.The USD index, which tracks the gr...Reuters
Jan 8, 2025
SEK: Slower inflation consolidates case for cuts – ING
Sweden’s inflation figures released this morning came in less hot than expected, with headline CPIF slowing down to 1.5% and the key core measure (CPIF excluding energy) decelerating from 2.4% to 2.1% in December, ING’s FX analyst Francesco Pesole notes.
Dollar strengthens as solid US data pushes up bond yields
Dollar index ticks up on the back of higher yieldsDollar/yen within striking distance of 160Trump inauguration and U.S. labour data in focusUpdates with European morning tradeBy Tom Westbrook and Greta Rosen Fondahn SINGAPORE/GDANSK, Jan 8 (Reuters) - The dollar pushed higher for a second day onEUR/USD extends correction after downbeat German and Eurozone data
The EUR/USD pair extends its correction and trades around 1.0320 at the time of writing on Wednesday after being rejected above 1.0400 earlier in the week. The pair erases most of the initial weekly gains after German factory orders data for NovemberFxstreet
Jan 8, 2025
BUZZ-COMMENT-Latest price data points to two more Riksbank rate cuts
Jan 8 (Reuters) - Softer than expected December Swedish flash inflation data suggests there might be room for two more Riksbank rate cuts, in January and May. The central bank adopted a more cautious stance at its last policy meeting in December as the focus appeared to have shifted from economic gr...Reuters
Jan 8, 2025
Russian rouble steadies against dollar in light holiday trade
Jan 8 (Reuters) - The Russian rouble steadied against the dollar on Wednesday, consolidating gains after a dip in the previous week, in thin trade as Russia marks a public holiday until Jan. 9. One-day rouble/dollar futures, which trade on the Moscow Exchange and are a guide for the over-the-cou...Reuters
Jan 8, 2025
NZD/USD hangs near daily low around 0.5625 area; looks to FOMC minutes for fresh impetus
The NZD/USD pair stalls the previous day's retracement slide from a nearly three-week high, albeit it struggles to attract any meaningful buyers and trades around the 0.5630-0.5625 area during the early European session on Wednesday.
Fxstreet
Jan 8, 2025
