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Canada's Exco Technologies Q1 sales rise, driven by Automotive Solutions growth
OverviewCanada's die-cast supplier's Q1 sales rose 4% yr/yr, slightly missing analyst expectationsNet income for Q1 increased to C$4.8 mln, with EPS of C$0.13Company announced quarterly dividend of C$0.105 per shareOutlookExco withdrew fiscal 2026 revenue, EBITDA, and EPS targets due to tari...Reuters
43 minutes ago
German Chancellor Merz says weak dollar a burden for German exports
Weak dollar burdens German export economy, Merz saysTrump dismisses concerns over dollar's valueCall for digital euro to reduce dollar dependence Jan 28 (Reuters) - Chancellor Friedrich Merz joined the head of Germany's main foreign trade association on Wednesday in voicing concern over t...Reuters
56 minutes ago
FOREX-Dollar rebounds as Fed holds rates steady
Fed leaves rates unchanged, sees 'elevated' inflation and stabilizing job marketUS dollar supported after Bessent affirms strong dollar policy Dollar fell Tuesday following Trump comments ECB officials signal risk to inflation outlook from stronger euroBy Saqib Iqbal Ahmed NEW YORK, Jan 2...Reuters
3 hours ago
AUD/USD little changed as markets digest Fed interest rate decision
The Australian Dollar (AUD) trades slightly lower against the US Dollar (USD) on Wednesday, with AUD/USD stuck in a narrow intraday range as traders show a muted reaction to the Federal Reserve’s (Fed) monetary policy announcement.
Fxstreet
3 hours ago
USD/JPY holds firm as US Dollar stays supported after Fed keeps rates unchanged
The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) on Wednesday, with USD/JPY consolidating gains after the Federal Reserve’s (Fed) monetary policy announcement. At the time of writing, the pair is trading around 153.92, up nearly 1.0% on the day.
Fxstreet
4 hours ago
GBP/USD holds below 1.3800 as Fed split decision keeps USD firm
GBP/USD stays below the 1.3800 figure after the Federal Reserve’s decided to keep interest rates on hold, on a 10-2 vote split as two Fed Governors opted for a rate cut of 25 basis points. The pair trades volatile within the 1.3740-1.3790 range, ahead of the Fed Chair Jerome Powell press conference.
Fxstreet
4 hours ago
German Chancellor Merz says weak dollar a burden for German exports
Jan 28 (Reuters) - The weakness of the dollar against the euro is causing problems for Germany's export-heavy economy, Chancellor Friedrich Merz said on Wednesday."I have seen the dollar rate with concern, for some time," Merz told a news conference ahead of a meeting with his coalition ...Reuters
4 hours ago
Dollar holds gains against euro, yen after Fed stands pat on rates
NEW YORK, Jan 28 (Reuters) - The U.S. dollar held gains against the euro and the yen on Wednesday after the U.S. Federal Reserve kept interest rates steady, citing still-elevated inflation alongside solid economic growth, and gave little indication in its latest policy statement of when borrowing co...Reuters
4 hours ago
EUR/USD remains steady as Fed holds rates, markets brace for Powell appearance
EUR/USD fluctuated but remained relatively stable within Wednesday’s pre-existing price action range after the Federal Reserve (Fed) announced it would keep interest rates in the 3.5-3.75% range, emphasizing its data-dependent approach.
Fxstreet
4 hours ago
EUR/USD slides below 1.2000 as strong-Dollar rhetoric revives Greenback
EUR/USD dives over 0.70% on Wednesday below the 1.2000 figure as the US Treasury Secretary Scott Bessent denied intervention rumors in the FX markets and reiterated the strong Dollar policy. Therefore, broad US Dollar weakness triggered by US President Trump, is fading ahead of the Fed’s decision.Fxstreet
4 hours ago
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
6 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
6 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
7 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
7 hours ago
