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CORRECTED-FOREX-Dollar falls as markets ponder proposed Trump tariffs, US data in focus
Corrects source of report in paragraph 4 that was erroneously introduced in the editing processBy Stefano Rebaudo Jan 7 (Reuters) - The U.S. dollar was close to a one-week low on Tuesday as markets await U.S. economic data while assessing whether President-elect Donald Trump's policies on tariffs...Reuters
Jan 7, 2025
FOREX-US dollar extends gains vs euro, yen after better-than-expected data
NEW YORK, Jan 7 (Reuters) - The U.S. dollar advanced against the yen and euro on Tuesday after data showed a generally stable jobs market and a services sector that remained robust, suggesting that the Federal Reserve will likely slow the pace of its current rate-cutting cycle.Data showed U.S. job o...Reuters
Jan 7, 2025
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield climbs
The Canadian dollar strengthened against the greenback on Tuesday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.1% higher at C$1.4319 to the greenback, or 69.84 U.S. cents, after trading in a range of 1.4298 to 1.4349.Canadian government 10-year bond yields CA10Y...Reuters
Jan 7, 2025
BUZZ-COMMENT-Dollar may pause ahead of bigger gains
Jan 7 (Reuters) - The rally in the dollar, which reached an 18-year peak last month, is stretched and some consolidation or correction is warranted, but this period of adjustment may lay the foundation for bigger gains.In December the trade-weighted value of the dollar reached 133.50, marginally abo...Reuters
Jan 7, 2025
US CFTC chair Behnam to step down on Jan 20, FT says
Jan 7 (Reuters) - Rostin Behnam, chair of the U.S. Commodity Futures Trading Commission, said he would step down on Jan. 20, the Financial Times reported on Tuesday. (Reporting by Nilutpal Timsina in Bengaluru, editing by Ed Osmond) ((Nilutpal.Timsina@thomsonreuters.com; +91 86382 04706;))Reuters
Jan 7, 2025
Eurozone Preliminary HICP inflation edges higher to 2.% YoY in December, as expected
The Eurozone Harmonized Index of Consumer Prices (HICP) rose 2.4% year-over-year (YoY) in December after reporting a 2.2% increase in November, the official data released by Eurostat showed Monday.Fxstreet
Jan 7, 2025
Euro extends recovery above 1.04 as focus shifts to Eurozone inflation data
The Euro is receiving more support on Tuesday and extends its recovery against the US Dollar (USD) for the third day in a row, with expectations that the upcoming inflation numbers for the Eurozone as a whole will remain persistent.Fxstreet
Jan 7, 2025
Sterling hits new one-week high versus dollar
By Stefano Rebaudo Jan 7 (Reuters) - The pound rose to a new one-week high versus the dollar on Tuesday after jumping the day before after a media report said U.S. President-elect Donald Trump's advisers were considering applying tariffs only to critical imports.Trump, who refuted the report on M...Reuters
Jan 7, 2025
AUD/USD advances to 0.6300 neighborhood, closer to two-week top set on Monday
The AUD/USD pair regains positive traction following the previous day's pullback from the 0.6300 mark, or over a two-week top and builds on its steady intraday ascent through the first half of the European session on Tuesday.
Fxstreet
Jan 7, 2025
FOREX-Dollar dips towards one-week low as market ponders proposed Trump tariffs
Adds comments, backgroundBy Kevin Buckland and Stefano Rebaudo Jan 7 (Reuters) - The U.S. dollar eased towards a one-week low versus major peers on Tuesday as traders considered whether President-elect Donald Trump's proposed tariffs would be less aggressive than promised.On Monday, the greenback...Reuters
Jan 7, 2025
USD/CAD falls to near 1.4300 due to political and trade-related developments in Canada
The USD/CAD pair remains subdued as the Canadian Dollar (CAD) receives support from news that Canadian Prime Minister Justin Trudeau would announce his plans to step down but said it expected to happen before an emergency meeting of Liberal legislators on Wednesday.
Fxstreet
Jan 7, 2025
GBP/JPY surrenders major part of intraday gains to one-week top, back below mid-197.00s
The GBP/JPY cross attracts some intraday sellers following an early move up to the 198.25 area, or a one-week top and retreats to the lower end of its daily range during the first half of the European session.
Fxstreet
Jan 7, 2025
