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Big hedging of dollars for clients could test banks' capacity, senior UBS trader says
Dollar fell almost 10% last year, under pressure againHedging activity by investors in focusBy Alun John LONDON, Jan 28 (Reuters) - Investors rushing to protect their U.S. assets against dollar depreciation could test banks' ability to meet demand for hedging, said a senior trader at UBS UBS...Reuters
13 minutes ago
Fed crisis tool could be weaponised, Harvard economist says
Fed's swap line facilities could be used as leverageDollar has long been weaponised by Washington, economist says LONDON, Jan 28 (Reuters) - A key tool used by the U.S. central bank to stabilise global financial markets in times of crisis could be weaponised by the Trump administration, Kenn...Reuters
34 minutes ago
Israel shekel hits 30-year high vs dollar as intervention unlikely
By Steven Scheer JERUSALEM, Jan 28 (Reuters) - The shekel ILS= hit a 30-year high versus the dollar on Wednesday, buoyed by a weak greenback globally and an improving geopolitical environment contributing to post-war economic recovery in Israel.But despite the currency's gains, the Israeli ce...Reuters
2 hours ago
FOREX-Dollar pinned near four-year low after Trump comments fuel selling
US dollar hit its lowest in four years after Trump commentsEuro tops $1.2, ECB officials signal risk to inflation outlookYen enveloped by intervention chatter Focus on Fed policy decision, Powell comments By Amanda Cooper LONDON, Jan 28 (Reuters) - The dollar steadied on Wednesday, but was still ...Reuters
3 hours ago
USD/JPY remains depressed below 153.00 with the Fed’s decision on tap
The Yen holds gains despite the moderate US Dollar recovery on Wednesday. The USD/JPY remains capped below the 153.00 level, trading at 152.45 at the time of writing, with three-week lows at 152.16 at a short distance ahead of the US Federal Reserve’s (Fed) monetary policy decision.
Fxstreet
4 hours ago
UPDATE-Short-end euro zone bond yields drop on ECB currency concerns
ECB monitors euro appreciation's impact on inflationMarkets slightly increase bets on ECB rate cut by summerShort-end yields fall By Samuel Indyk Jan 28 (Reuters) - Short-end euro zone bond yields fell on Wednesday after European Central Bank policymakers flagged that recent euro appreciation...Reuters
4 hours ago
Pound gives back some gains after hitting four-year high on Trump comments
By Harry Robertson LONDON, Jan 28 (Reuters) - The pound dipped on Wednesday after surging to a four-month high the previous day as comments from U.S. President Donald Trump deepened investors' concerns about the dollar.Sterling GBP=D3 was last down 0.44% at $1.3784. It rose more than 1.2% on ...Reuters
5 hours ago
Dollar options traders turn bearish as 'bye America' selloff deepens
LONDON, Jan 28 (Reuters) - Options traders have turned overwhelmingly negative towards the dollar this week, after President Donald Trump brushed off the U.S. currency's 2.5% slide this month, pushing the cost of derivatives to buy other currencies to the highest in months on Wednesday.Three-mon...Reuters
5 hours ago
EMERGING MARKETS-EM FX, stocks rally to record high ahead of Fed decision; Indonesia slumps
MSCI EM FX, stocks hit record high Indonesia stocks slide after MSCI flags investability riskIMF approves final review of Zambia's credit facilityMoody's upgrades rating on Kenya By Purvi Agarwal (Reuters) - Most emerging market currencies and stocks continued to gain on Wednesday, with t...Reuters
5 hours ago
FOREX-Dollar skims four-year low after Trump comments
US dollar hit its lowest in four years after Trump commentsEuro tops $1.2, ECB officials signal risk to inflation outlookYen enveloped by intervention chatter Focus on Fed policy decision, Powell comments By Amanda Cooper LONDON, Jan 28 (Reuters) - The dollar steadied on Wednesday, but was still ...Reuters
5 hours ago
EUR/GBP steadies as ECB signals caution, markets await Eurozone data
EUR/GBP trades without a clear direction on Wednesday, hovering around 0.8690 at the time of writing and virtually unchanged on the day. Trading conditions remain subdued, as a light economic calendar in both the United Kingdom (UK) and the Eurozone encourages investors to remain cautious.
Fxstreet
5 hours ago
CHF: Strengthening amid currency debasement fears – MUFG
The Swiss Franc is currently threatening to strengthen against the Euro, with potential implications for the SNB's policy. The loss of confidence in US policymaking has heightened fears of currency debasement, boosting the appeal of the CHF as a store of value.
INDIA RUPEE-Rupee lags Asian peers as NDF maturities, month-end dollar bids pinch
By Jaspreet KalraMUMBAI, Jan 28 (Reuters) - The Indian rupee closed marginally weaker on Wednesday, lagging Asian peers, on dollar demand linked to maturing non-deliverable forwards positions and month-end importer demand, while positive cues from a broad-based decline in the greenback capped losses...Reuters
5 hours ago
