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Bessent says Korean won's depreciation not in line with fundamentals
WASHINGTON, Jan 14 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday he had discussed the recent depreciation of the Korean won with South Korean Finance Minister Koo Yun-cheol, adding that it was not in line with South Korea's economic fundamentals. The won KRW= gained sha...Reuters
9 minutes ago
FOREX-Japanese yen rebounds from 18-month low against dollar
Yen rebounds amid speculation of early snap election in JapanJapanese officials warn of intervention against excessive FX movesDollar struggles to break higher amid Fed policy evaluation and geopolitical risksBy Karen Brettell NEW YORK, Jan 14 (Reuters) - The Japanese yen rebounded from an 18-mon...Reuters
12 minutes ago
EUR/USD stabilizes after pullback from December highs – Scotiabank
The Euro (EUR) is trading marginally higher against the US Dollar (USD), consolidating after its retreat from late-December highs as European Central Bank (ECB) commentary strikes a more balanced tone, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
25 minutes ago
Canadian dollar steadies as oil rebound offers support – Scotiabank
The Canadian Dollar (CAD) is steady, up fractionally vs. the US Dollar (USD) as it trades in a tight consolidation range following its decline from late December. The recovery in oil prices is important and is offering the CAD some fundamental support.
Fxstreet
42 minutes ago
Bessent discussed foreign exchange market, economic issues with South Korean official, U.S. Treasury says
WASHINGTON, Jan 14 (Reuters) - U.S. Treasury Secretary Scott Bessent discussed critical minerals and ways to strengthen economic ties with South Korean economy minister Koo Yun Cheol in a meeting on Monday, the Treasury Department said in a statement.The two discussed the recent depreciation of the ...Reuters
52 minutes ago
Citi profit beats estimates as dealmaking rebounds
By Tatiana Bautzer and Prakhar Srivastava Jan 14 (Reuters) - Citigroup C.N beat Wall Street estimates for fourth-quarter profit on Wednesday, buoyed by a rebound in dealmaking and stronger demand for services to corporate clients.Wall Street banks benefited as M&A picked up late last year. Ac...Reuters
an hour ago
EUR/CHF trims gains as ECB officials signal caution, focus shifts to Eurozone data
The Euro (EUR) trims part of its gains against the Swiss Franc (CHF) on Wednesday as traders digest remarks from key European Central Bank (ECB) officials amid a thin economic calendar on both sides.
Fxstreet
2 hours ago
USD/CHF steady as US inflation data, geopolitical tensions balance pair
USD/CHF trades around 0.8010 on Wednesday, virtually unchanged on the day at the time of writing. The pair draws mild support from the US Dollar (USD) after US inflation data were released broadly in line with market expectations.
Fxstreet
2 hours ago
Citigroup profit hit by Russia charge as dealmaking and services shine
By Tatiana Bautzer and Prakhar Srivastava Jan 14 (Reuters) - Citigroup's C.N profit fell 13% in the fourth quarter as it booked a $1.2 billion loss tied to the sale of its Russia business, offsetting higher revenue from dealmaking and services to corporate clients.Earnings slid to $2.47 billi...Reuters
2 hours ago
FOREX-Japan yen hits 18-month low; traders weigh up chances of intervention
Yen at weakest since 2024 on reports Japan PM may call snap election on February 8Central bankers and Wall Street CEOs line up in support of independent FedSupreme Court ruling on tariffs may land laterBy Amanda Cooper LONDON, Jan 14 (Reuters) - The yen fell to its weakest level in a year-and-a-h...Reuters
2 hours ago
Sterling edges higher, key UK data flurry up ahead
LONDON, Jan 14 (Reuters) - The pound rose on Wednesday, gaining against the dollar, euro and yen, ahead of economic growth data later this week that might help shape expectations for Bank of England monetary policy in the coming months. Sterling GBP= was up 0.2% at $1.3447. It has barely made any he...Reuters
3 hours ago
USD/CAD Price Forecast: Faces selling pressure above 50% Fibo retracement at 1.3900
The USD/CAD pair trades flat around 1.3885 during the European trading session on Wednesday. The Loonie pair consolidates ahead of the United States (US) Producer Price Index (PPI) data for October and November, and the Retail Sales data for November.Fxstreet
3 hours ago
RPT-ROI-Trump's mortgage foray at odds with aggravating Treasuries: Mike Dolan
By Mike Dolan LONDON, Jan 14 (Reuters) - If housing affordability is a priority for U.S. President Donald Trump in an election year, the contradictions in his administration's frenetic new year policy push seem a strange way of getting results.Last week's plan to get federal housing agenc...Reuters
4 hours ago
USD/JPY: Resistance at 160.00 is likely out of reach for now – UOB Group
Strong momentum indicates further US Dollar (USD) strength; the significant resistance at 160.00 is likely out of reach for now. In the longer run, strong USD rally has scope to extend, potentially breaking above 160.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
4 hours ago
