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EUR/CHF slides as Euro struggles post-inflation data
The Euro (EUR) trades under pressure against the Swiss Franc (CHF) on Wednesday, with EUR/CHF extending losses for the second straight session as the common currency struggles to gain traction following Eurozone inflation data.
Fxstreet
34 minutes ago
CORRECTED-EMERGING MARKETS-EM stocks tiptoe higher as Fed moves into focus; FX steady
EM stocks up 0.4%, FX flatUS, China in deal for TikTok to keep operating in USFed rate decision due at 1800 GMTIndonesia cuts rates by 25 bpsSouth Africa CPI falls 3.3% in AugBy Pranav Kashyap Sept 17 (Reuters) - Most emerging market stocks crept higher on Wednesday while currencies were steady, ...Reuters
an hour ago
Ex-BoE deputy governor warns Trump could flick financial payments 'kill switch'
Ex-BoE deputy warns US might use banking system against alliesMany Western countries rely on US banks, Visa and MastercardTrump in Britain for unprecedented second state visitBy David Milliken LONDON, Sept 17 (Reuters) - Countries that see themselves as U.S. allies are now considering whether Pre...Reuters
2 hours ago
FOREX-Dollar rises from four-year low versus euro; Powell remarks in focus
Yen rises with LDP leadership vote in Japan in the spotlightPowell’s remarks in focus after near-certain rate cutInvestors watching for signals on Fed’s easing pathFed meets as questions over its independence growBy Stefano Rebaudo Sept 17 (Reuters) - The U.S. dollar firmed against the euro but w...Reuters
2 hours ago
General Mills beats Q1 sales, adjusted EPS estimates
OverviewGeneral Mills fiscal Q1 net sales down 7% to $4.5 bln, but beats analysts' estimatesAdjusted EPS of $0.86 beats analyst expectations, despite 20% decline in constant currencyCompany aims to restore organic sales growth through investments in value and innovationOutlookCompany reaffirms F...Reuters
2 hours ago
INDIA RUPEE-Rupee posts best day in a month as investors gear up for Fed outcome
By Jaspreet Kalra MUMBAI, Sept 17 (Reuters) - The Indian rupee rose on Wednesday, supported by a weaker dollar ahead of an expected U.S. Federal Reserve rate cut and upbeat sentiment from trade talks with Washington. The rupee INR=IN rose to an intra-day peak of 87.73 during the session befo...Reuters
4 hours ago
RPT-COLUMN-Fed may trip the stimulation wire: Mike Dolan
By Mike Dolan LONDON, Sept 17 (Reuters) - The Federal Reserve may be about to stimulate an economy growing at more than 3%, where stocks are at record highs and inflation remains above target. The problem is that no one knows for sure how far the U.S. central bank can go before it trips that wire...Reuters
4 hours ago
Euro zone bond yields dip before widely-anticipated Fed rate cut
Fed widely expected to cut ratesGerman 10-year bond yields downBy Jaspreet Kalra Sept 17 (Reuters) - Euro zone government bond yields edged lower on Wednesday ahead of a widely-expected U.S. Federal Reserve rate cut later in the day, with focus on any cues over the extent of easing the Fed may de...Reuters
4 hours ago
RPT-CORRECTED-Trump pressure on Fed may steepen US yield curve, fund managers say
Yield curve steepening due to fiscal and political risksLong-term Treasuries pressured by deficits and bond issuancePrivate credit seen as alternative to TreasuriesBy Divya Chowdhury and Mehnaz Yasmin Sept 16 (Reuters) - The Treasury yield curve could steepen as investors demand higher compensati...Reuters
4 hours ago
Sterling steady after UK inflation data and ahead of Fed
By Canan Sevgili LONDON, Sept 17 (Reuters) - Sterling held steady against the dollar as UK inflation data reinforced expectations that the Bank of England will keep rates unchanged this week, in contrast to the U.S. Federal Reserve, which is expected to cut rates later on Wednesday.The pound GBP=...Reuters
5 hours ago
FOREX-Dollar rises from 4-year low versus euro; Powell remarks in focus
Powell’s remarks in focus after near-certain rate cutInvestors watching for signals on Fed’s easing pathFed meets as questions over its independence growYen in spotlight ahead of LDP leadership vote in JapanBy Stefano Rebaudo and Ankur Banerjee Sept 17 (Reuters) - The U.S. dollar rose on Wednesda...Reuters
6 hours ago
Highlights of Hong Kong leader John Lee's fourth policy address
HONG KONG, Sept 17 (Reuters) - Hong Kong leader John Lee delivered his fourth annual policy address on Wednesday pledging to boost the financial hub's economy and enhance people's livelihoods. Some of the highlights include:ECONOMY - This year's economic growth is projected at 2% –...Reuters
7 hours ago
FOREX-Dollar holds soft tone on rate cut expectations, Powell comments
Powell's comments after near-certain rate cut in focusFed policy meeting comes as independence under pressureDollar wallows near multi-month lows against peersBy Ankur Banerjee SINGAPORE, Sept 17 (Reuters) - The U.S. dollar loitered near four-year lows against the euro and a one-month trough ...Reuters
8 hours ago
Highlights of Hong Kong leader John Lee's fourth policy address
HONG KONG, Sept 17 (Reuters) - Hong Kong leader John Lee delivered his fourth annual policy address on Wednesday pledging to boost the financial hub's economy and enhance people's livelihoods. Some of the highlights include:ECONOMY - The economy has rebounded , turning from negative to...Reuters
9 hours ago
USD/CAD rebounds to near 1.3750 ahead of rate decision from Fed, BoC
USD/CAD gains ground after two days of losses, trading around 1.3750 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) holds ground ahead of the US Federal Reserve (Fed) policy decision.
Fxstreet
10 hours ago
GBP/USD remains below 1.3650 ahead of UK CPI data
GBP/USD loses ground after two days of gains, trading around 1.3640 during the Asian hours on Wednesday. The Pound Sterling (GBP) inches lower against the US Dollar (USD) ahead of the United Kingdom’s (UK) Consumer Price Index (CPI) and Retail Price Index data.
Fxstreet
11 hours ago
Australian dollar notches another high for the year but stalls at resistance
Aussie notches new high for a sixth straight sessionIt is not able to hold above key chart levelMuch riding on Fed policy meetingBy Stella Qiu SYDNEY, Sept 17 (Reuters) - The Australian dollar eked out its sixth-straight high for the year on Wednesday but stalled at key chart resistance before th...Reuters
11 hours ago
Silver Price Forecast: XAG/USD slumps to near $42.00, investors brace for Fed rate decision
The Silver price (XAG/USD) tumbles to around $42.05 during the Asian trading hours on Wednesday. The white metal retreats from a 14-year high of nearly $42.80 amid some profit-taking. Traders brace for the US Federal Reserve (Fed) interest rate decision later on Wednesday for fresh impetus.
Fxstreet
11 hours ago
