News
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UK's finance minister Reeves calls for Greenland de-escalation
LONDON, Jan 20 (Reuters) - Britain's finance minister Rachel Reeves said on Tuesday that it was important to de-escalate the situation over Greenland, the island which U.S. President Donald Trump has said his country should own."We absolutely want to de-escalate," Reeves told a Bloomberg...Reuters
7 minutes ago
Bessent says he met Chinese counterpart at Davos
DAVOS, Switzerland, Jan 20 (Reuters) - U.S. Treasury Secretary Scott Bessent said he had a meeting with his Chinese counterpart in Davos late on Monday and discussed soybean purchases. "I had a meeting with my Chinese counterpart here in Davos last night, Vice Premier He Lifeng. He told me ...Reuters
48 minutes ago
Bessent tells Davos Europe shouldn't retaliate over Greenland
DAVOS, Swtizerland, Jan 20 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday warned European countries not to retaliate over Trump's aim to take over Greenland and urged them to "have an open mind." "I tell everyone, sit back. Take a deep breath. Do not retaliate. ... ...Reuters
an hour ago
EUR/CHF slides toward a four-week low as trade tensions lift the Swiss Franc
The Swiss Franc (CHF) attracts fresh buyers against the Euro (EUR) on Tuesday, as renewed US-EU trade war concerns weigh on risk appetite and lift demand for defensive currencies. At the time of writing, EUR/CHF trades around 0.9265, hovering near its lowest level since December 26.
Fxstreet
an hour ago
FOREX-Dollar tumbles as investors reignite 'Sell America' trade
Trump's Greenland threats spark retreat from US assetsJapanese yen in focus as Takaichi vows to suspend sales tax on foodDollar sinks against euro, Swiss franc, sterlingBy Gregor Stuart Hunter and Amanda Cooper SINGAPORE/LONDON, Jan 20 (Reuters) - The dollar was set for its largest daily fall...Reuters
2 hours ago
EUR/GBP rises as Euro gains on improved sentiment, UK data fuels BoE rate cut bets
EUR/GBP trades around 0.8720 on Tuesday at the time of writing, up 0.60% on the day, with the Euro (EUR) outperforming the Pound Sterling (GBP) after a series of supportive macroeconomic releases from the Eurozone.
Fxstreet
2 hours ago
USD/CAD approaches 1.3800 amid broad-based US Dollar weakness
The US Dollar is trading lower for the second consecutive day against its Canadian counterpart on Tuesday. The pair has dropped about 0.6% over the last two days, extending its reversal from 1.3928 highs to session lows at 1.3820 so far.
Fxstreet
3 hours ago
USD/JPY drops to near 157.80 as US-EU disputes batter US Dollar
The USD/JPY pair is down 0.2% to near 157.80 during the European trading session on Tuesday. The pair is under pressure as the US Dollar (USD) underperforms across the board amid ongoing disputes between the United States (US) and the European Union (EU) over Greenland’s sovereignty.
Fxstreet
3 hours ago
Pound heads for biggest two-day rise since December as dollar wilts
LONDON, Jan 20 (Reuters) - The pound headed for its largest two-day rise since December on Tuesday, rallying as investors ditched the dollar in the face of mounting trade tensions between the United States and Europe over Greenland. U.S. President Donald Trump has threatened to impose tariffs from F...Reuters
3 hours ago
USD: US-EU trade tensions drive risk-off markets – BBH
US-EU trade tensions are weighing on financial market risk sentiment. Global equity and bond markets are selling off while gold prices hit new record highs. US Dollar (USD) is behaving unusual for a risk off phase, as it’s down against most major currencies, notably Euro (EUR).
Fxstreet
3 hours ago
CEE MARKETS-MOL highest since 2007 on deal for Russian stake in NIS refinery, CEZ shares fall again
MOL gets Russian group's stake in sanction-hit refineryShares scale new heights this monthCEZ shares fall heavily for 2nd dayCzech billionaire's CSG announces record defence sector IPO BUDAPEST, Jan 20 (Reuters) - Shares in MOL MOLB.BU rose to their strongest level since 2007 on Tuesday a...Reuters
4 hours ago
AUD/USD jumps to near 0.6730 as US Dollar underperforms amid US-EU disputes
The AUD/USD pair trades 0.25% higher to near 0.6730 during the European trading session on Tuesday. The Aussie pair gains as the US Dollar (USD) underperforms its peers amid disputes between the United States (US) and the European Union (EU) over the future of Greenland.
Fxstreet
4 hours ago
Traders rush to snap up FX hedges for Greenland tariff risks
LONDON, Jan 20 (Reuters) - Trader demand for protection against big swings in the euro in early February rose sharply on Tuesday, as concern grew over a possible rekindling of a trade war following U.S. President Donald Trump's tariff threats to Europe over Greenland. Euro two-week implied optio...Reuters
5 hours ago
