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Bank of Canada holds rates, says threat to Fed independence adds to uncertainty
Bank of Canada cites trade uncertainty as big risk this yearMaintained its forecast for modest growth in 2026 and 2027 Governor says inflation to hover around 2% for next two yearsMacklem says Jerome Powell doing a good job leading the FedBy Promit Mukherjee and David Ljunggren OTTAWA, Jan 28 (Re...Reuters
2 hours ago
Bessent says US has strong dollar policy, 'absolutely not' intervening to support yen
Bessent says Trump's policies strengthening fundamentalsTreasury chief's comments boosted dollarBessent says not worried about inflation WASHINGTON, Jan 28 (Reuters) - The U.S. has a strong dollar policy and that means setting the right fundamentals, U.S. Treasury Secretary Scott Bess...Reuters
2 hours ago
TREASURIES-US yield curve steepens for 2nd day as inflation view rises; Fed in focus
US 2/10 yield curve in bear-steepening patternBessent affirms strong US dollar policyFocus on Fed meeting, FOMC seen holding rates steady By Gertrude Chavez-Dreyfuss NEW YORK, Jan 28 (Reuters) - The U.S. Treasury yield curve steepened for a second straight session on Wednesday, driven largely by ...Reuters
2 hours ago
FOREX-Dollar rebounds as Bessent reaffirms US strong dollar policy
US dollar rebounds after Bessent affirms strong dollar policy Dollar fell Tuesday following Trump comments ECB officials signal risk to inflation outlook from stronger euroYen sinks as Bessent says US is not intervening in currency markets to support Japanese currencyFocus on Fed policy decision, Po...Reuters
3 hours ago
Short-end euro zone bond yields pull back 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 slightly on Wednesday after European Central Bank policymakers flagged that recent euro app...Reuters
3 hours ago
GBP/USD pulls back from 1.3868 highs as Dollar rebounds ahead of Fed
The GBP/USD retreats after posting four-year highs of 1.3868 on Tuesday, edges below the 1.3800 mark as traders await the monetary policy decision of the Federal Reserve. At the time of writing, the pair trades at 1.3798, down 0.32%.
Fxstreet
3 hours ago
Bessent says US has strong dollar policy, 'absolutely not' intervening to support yen
WASHINGTON, Jan 28 (Reuters) - The United States has a strong dollar policy and that means setting the right fundamentals, U.S. Treasury Secretary Scott Bessent said on Wednesday, while denying that the U.S. was intervening in currency markets to support the Japanese yen.Asked on CNBC if the U.S. wa...Reuters
3 hours ago
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
4 hours 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
4 hours 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
5 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
6 hours ago
