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UBS CEO says there is no choice but to keep investing in U.S. assets
LONDON, Jan 21 (Reuters) - UBS CEO Sergio Ermotti said on Wednesday that the world had no choice but to keep investing in the U.S. dollar and U.S. assets despite rising geopolitical tensions, noting that there were only "pockets" of investors reducing their exposure to the country."It is...Reuters
11 minutes ago
CEE MARKETS-FX and stocks ease with Trump's Davos appearance in focus
WARSAW, Jan 21 (Reuters) - Central Eastern European currencies edged lower on Wednesday, with the local data calendar empty and investors awaiting U.S. President Donald Trump's address in Davos.Geopolitical and tariff risks over U.S. threats to acquire Greenland continued to weigh on sentiment, ...Reuters
21 minutes ago
AUD/USD: Chance to test the significant resistance at 0.6765 – UOB Group
Australia Dollar (AUD) could trade sideways between 0.6700 and 0.6745. In the longer run, there is a chance for AUD to test the significant resistance at 0.6765, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
29 minutes ago
GBP: Sterling lags as bond volatility fears resurface – ING
Pound Sterling’s (GBP) recent weakness reflects lingering sensitivity to bond-market volatility, though calmer conditions may allow EUR/GBP to drift back below 0.870. - December UK inflation data offered little new for the Bank of England, with core services steady at 4.0% and a modest headline upti
Bessent says Deutsche Bank CEO called to distance bank from analyst's Greenland report
Jan 21 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday that Deutsche Bank's DBKGn.DE chief executive had called him to say the bank does not stand by one of its analyst reports suggesting European investors may dump U.S. assets. "This notion that Europeans would be sellin...Reuters
40 minutes ago
ECB's Panetta sees fully digital commercial bank money in future
MILAN, Jan 21 (Reuters) - Commercial bank money is bound to become fully tokenised in the future, like central bank money, and the two types of currency will continue to anchor the monetary system, a top European Central Bank policymaker said on Wednesday.Addressing the Italian banking association, ...Reuters
an hour ago
EUR/USD: Likely to consolidate between 1.1690 and 1.1770 – UOB Group
Instead of continuing to rise, EUR is more likely to consolidate between 1.1690 and 1.1770. In the longer run, risk for EUR remains on the upside; the probability of it breaking above 1.1805 is not high for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
2 hours ago
FOREX-Dollar rises vs euro, Swiss Franc as investors await Trump speech
Sell America’ trade on hold ahead of Trump speech EU in focus as it might consider deploying its ‘trade bazooka’ Yen on the ropes with investors worried over fiscal policyBy Stefano Rebaudo and Kevin Buckland Jan 21 (Reuters) - The dollar rose from three‑week lows against the euro and the Swiss f...Reuters
2 hours ago
Pound Sterling attracts bids as UK inflation rises more than expected in December
The Pound Sterling (GBP) gains against its major peers on Wednesday after the United Kingdom's (UK) Office for National Statistics (ONS) has reported that inflation grew at a faster-than-projected pace in December.Fxstreet
3 hours ago
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
4 hours 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
4 hours 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
4 hours 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
5 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
5 hours ago
