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Trump expected about three hours late to Davos, Bessent says
DAVOS, Switzerland, Jan 21 (Reuters) - U.S. President Donald Trump will likely arrive at the World Economic Forum in Davos about three hours late, U.S. Treasury Secretary Scott Bessent said on Wednesday."I believe President Trump is going to be about three hours late," Bessent said in respon...Reuters
14 minutes ago
India fertiliser imports set for record $18 billion this fiscal year
By Rajendra Jadhav and Mayank BhardwajMUMBAI, Jan 21 (Reuters) - India's fertiliser imports for the current fiscal year are expected to surge 76% from a year earlier to a record $18 billion, government and industry officials said on Wednesday as consumption jumped after heavy rains prompted farm...Reuters
38 minutes ago
Sterling holds firm after UK data shows pickup in inflation
LONDON, Jan 21 (Reuters) - The pound held steady on Wednesday, after data showed UK inflation picked up more than expected in December, which could lower the chances of more aggressive rate cuts from the Bank of England this year. Geopolitical tensions have dominated activity in the currency market ...Reuters
43 minutes ago
FOREX-Dollar down as 'Sell America' trade revives; yen slumps on Japan fiscal worries
Trump's Greenland gambit spurs sell-off in dollar, Treasuries and stocksJapan premier pledges looser fiscal policy after calling snap electionEuro, Swiss franc biggest beneficiaries of dollar, yen sellingBy Kevin Buckland TOKYO, Jan 21 (Reuters) - The dollar languished near three-week lows ag...Reuters
2 hours ago
NZD/USD gathers strength above 0.5800 as Trump’s tariff threats fuel ‘Sell America’ trade
The NZD/USD pair trades in positive territory for the fourth consecutive day near 0.5835 during the early European session on Wednesday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) as US President Donald Trump's tariff threats spark new fears of 'Sell America' trade.
Fxstreet
2 hours ago
South Korea's Lee plays down proposed US chip tariffs, warns of higher prices
Lee says U.S. tariffs on chips could raise U.S. pricesSouth Korea's record exports driven by semiconductor demandLee seeks diplomatic efforts for U.S.-North Korea dialogueBy Heejin Kim and Joyce Lee SEOUL, Jan 21 (Reuters) - South Korean President Lee Jae Myung said on Wednesday if Washington...Reuters
2 hours ago
AUD/JPY declines below 106.50 on safe-haven flows, Australian employment data in focus
The AUD/JPY cross loses traction to around 106.45 during the early European session on Tuesday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) as traders pile into safe-haven currencies amid US President Donald Trump's renewed tariff threats.
Fxstreet
3 hours ago
USD/CHF rebounds above 0.7900 despite increasing US-EU tensions
USD/CHF halts its three-day losing streak, trading around 0.7910 during the Asian hours on Wednesday. The pair gains ground as the US Dollar (USD) recovers its daily losses despite rising United States (US)–Greenland concerns.
Fxstreet
3 hours ago
EUR/JPY Price Forecast: Positive view remains intact above 185.00, with bullish RSI momentum
The EUR/JPY cross loses ground near 185.25 during the early European session on Tuesday. The Japanese Yen (JPY) edges higher against the Euro (EUR) as traders continue to pile into safe-haven currencies amid US President Donald Trump's renewed tariff threats against European allies over Greenland.
Fxstreet
3 hours ago
Australia, New Zealand dollars sit on gains, bond sale snapped up
By Wayne Cole SYDNEY, Jan 21 (Reuters) - The Australian and New Zealand dollars were taking a breather on Wednesday after two sessions of gains, as markets anxiously awaited a speech by President Donald Trump in Davos that could calm, or inflame, tensions with Europe.Concerns European funds might...Reuters
4 hours ago
Japanese Yen gains traction amid intervention fears, hawkish BoJ expectations
The Japanese Yen (JPY) regains positive traction against its American counterpart during the Asian session on Wednesday, following the previous day's two-way price swings, and seems poised to climb further.
Fxstreet
5 hours ago
EUR/USD remains stronger near 1.1750 as US Dollar weakens, Germany's ZEW index surges
EUR/USD extends its gains for the third consecutive session, trading around 1.1730 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) continues to lose ground amid rising United States (US)–Greenland concerns.
Fxstreet
5 hours ago
Australian Dollar gains as Westpac Leading Economic Index rises in December
The Australian Dollar gains ground against the US Dollar (USD) on Wednesday, extending its gains for the third successive session. The AUD/USD pair appreciates as the Greenback continues to lose ground amid rising United States (US)–Greenland concerns.
Fxstreet
5 hours ago
Dollar down as 'Sell America' trade revives; yen slumps on Japan fiscal worries
Trump's Greenland gambit spur selloff in dollar, Treasuries and stocksJapan premier pledges looser fiscal policy after calling snap electionEuro, Swiss franc biggest beneficiaries of dollar, yen sellingBy Kevin Buckland TOKYO, Jan 21 (Reuters) - The dollar languished near three-week lows agai...Reuters
6 hours ago
USD/CAD posts modest gains above 1.3800 amid Trump’s tariff threats
The USD/CAD pair posts modest gains around 1.3835 during the early Asian session on Tuesday. However, the threat of a fresh US trade clash with Europe could weigh on the Greenback against the Canadian Dollar (CAD).Fxstreet
7 hours ago
