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USD/JPY declines as US Dollar weakens on EU tensions, Yen gains restrained
USD/JPY trades around 157.90 on Tuesday at the time of writing, down 0.10% on the day, as the US Dollar (USD) comes under renewed pressure from political and trade-related headwinds. The pair retreats, weighed down by broad-based weakness in the Greenback against major currencies.
Fxstreet
an hour ago
GBP/USD climbs toward 1.3460 as “Sell America” trade gains momentum
GBP/USD begins Tuesday’s session on a positive note as market participants continued to sell the Dollar and most US assets, following Trump’s trade-war escalation with Europe. This and a sell-off of Japanese bonds, keeps the CBOE Volatility Index (VIX) at yearly highs, a sign of risk aversion.
Fxstreet
an hour ago
Australian Dollar strengthens as US-EU standoff dents the Greenback
The Australian Dollar (AUD) edges higher against the US Dollar (USD) on Tuesday, as investors trim exposure to the Greenback amid rising tensions between the United States and the European Union. At the time of writing, AUD/USD trades around 0.6744, extending gains for a second straight day.
Fxstreet
2 hours ago
Swedish exports to US could drop 28% if tariff threat carried out, Board of Trade says
STOCKHOLM, Jan 20 (Reuters) - Swedish exports to the United States could fall by as much as 28% if President Donald Trump carries out his threat to impose additional tariffs on Sweden and some industrial sectors could see a decline of 50%, Sweden's Board of Trade said on Tuesday.Trump has threat...Reuters
2 hours ago
Debt-ridden global bond markets rattled by Japanese selloff, Greenland fears
Japanese bond selloff spills over globallyLong-dated U.S. yields post biggest two-day rise since MayGreenland tensions adds pressure on European defence spendingBy Alun John, Yoruk Bahceli and Dhara Ranasinghe LONDON, Jan 20 (Reuters) - A surge in Japan's borrowing costs to record highs rippl...Reuters
2 hours ago
FOREX-Dollar lower 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 Hannah Lang and Amanda Cooper NEW YORK/LONDON, Jan 20 (Reuters) - The dollar was set for its largest daily fall in over a...Reuters
3 hours ago
JPY edges higher but lags G10 – Scotiabank
The Japanese Yen (JPY) is up a modest 0.2% vs. the US Dollar (USD), tentatively attempting to extend its recent recovery against the USD while trading defensively against all of its G10 peers, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
3 hours ago
USD/CAD trades near two-week lows amid sustained US Dollar selling
The Canadian Dollar (CAD) extends its advance against the US Dollar (USD) on Tuesday, as escalating trade tensions between the United States and the European Union weigh heavily on the Greenback. At the time of writing, USD/CAD trades around 1.3830, near a two-week low.
Fxstreet
3 hours ago
Japanese selloff, Greenland fears ripple through debt-ridden global bond markets
Japanese bond selloff spills over globallyLong-dated U.S. yields post biggest two-day rise since MayGreenland tensions adds pressure on European defence spendingBy Alun John, Yoruk Bahceli and Amanda Cooper LONDON, Jan 20 (Reuters) - A surge in Japan's borrowing costs to record highs rippled ...Reuters
3 hours ago
EUR jumps 0.7% as sentiment turns decisively positive – Scotiabank
The Euro (EUR) is strong, up an impressive 0.7% vs. the US Dollar (USD) and extending its recovery with a swift retracement of the pullback from its December highs, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
3 hours ago
CAD firms into low 1.38s on broad USD weakness – Scotiabank
The Canadian Dollar (CAD) has picked more ground this morning to reach the low 1.38s in a reflection of the broader weakness in the US Dollar (USD) rather than anything else, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
3 hours ago
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
3 hours ago
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
4 hours 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
4 hours 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
5 hours 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
5 hours 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
6 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
6 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
6 hours ago
