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BUZZ-COMMENT-Will Trump's bark be worse than his bite? USD wants to know
Jan 2 (Reuters) - The early year focus for the foreign exchange market will be the size and scope of any new trade tariffs imposed by Donald Trump following his Jan. 20 inauguration.The imposition of fresh tariffs on U.S. imports from China, Mexico, Canada and the European Union might help the USD i...Reuters
Jan 2, 2025
FOREX-Dollar eases in cautious start to 2025; yen lingers at five-month lows
Dollar eases; remains near two-year highYen loiters near five-month lows; fresh off 10% drop last yearInvestors brace for U.S. rates staying higher for longerMarkets await incoming Trump administration policiesUpdates to mid Asia afternoonBy Ankur Banerjee SINGAPORE, Jan 2 (Reuters) - The U.S. doReuters
Jan 2, 2025
UPDATE 2-China's yuan briefly hits weakest against dollar since Nov 2023
Adds more details, background SHANGHAI/SINGAPORE, Jan 2 (Reuters) - China's yuan hit a 14-month nadir on the first trading day of 2025, but it quickly bounced from lows of 7.31 per dollar, which traders say could reflect authorities' desire to rein in the currency's slide before Donald Trump retu...Reuters
Jan 2, 2025
FOREX-Dollar starts 2025 higher; yen rooted at five-month lows
Dollar advances on first trading day of the year Yen loiters near five-month lows; fresh off 10% drop last yearCurrency markets brace for U.S. rates staying higher for longerMarkets await incoming Trump administration policiesBy Ankur Banerjee SINGAPORE, Jan 2 (Reuters) - The U.S. dollar kicked oReuters
Jan 2, 2025
USD/INR strengthens ahead of India’s Manufacturing PMI data
The Indian Rupee (INR) remains weak on Thursday. The reasons attributed to the weakening in the local currency are an increase in demand for US Dollar (USD) from importers, a higher 10-year US Treasury yield and concerns about India's slowing economic growth.Fxstreet
Jan 2, 2025
UPDATE 1-China's onshore yuan hits weakest against dollar since Nov 2023
Adds more details, backgroundSHANGHAI/SINGAPORE, Jan 2 (Reuters) - China's onshore yuan CNY=CFXS on Thursday weakened to the lowest level against the dollar in almost 14 months, touching 7.31 per dollar in early trade before paring losses.After briefly weakening below 7.3 per dollar for the first ti...Reuters
Jan 2, 2025
UPDATE 1-Mexican peso posts biggest annual drop versus US dollar in 16 years
Adds background on peso's weakening, stock index annual fall in paragraph 6 MEXICO CITY, Dec 31 (Reuters) - Mexico's peso MXN= weakened nearly 23% this year to close the final day of trading at 20.82 pesos per U.S. dollar on Tuesday, the currency's deepest drop against the greenback since the 200...Reuters
Dec 31, 2024
