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Australia's central bank raises rates for first time in two years
Rates raised by 25 bps, first hike in two yearsRBA warns that inflation likely to stay above target for some timeMarkets ramp up bets for follow-up hike in MayBy Stella Qiu and Wayne Cole SYDNEY, Feb 3 (Reuters) - Australia's central bank on Tuesday raised its benchmark policy rate for the fi...Reuters
12 minutes ago
Indian rupee, stocks soar after trade deal with US
U.S. to slash tariffs on Indian exports to 18% from 50%Trade deal expected to lift sentiment on Indian marketsU.S. deal follows India-EU trade agreement last weekBy Jaspreet Kalra MUMBAI, Feb 3 (Reuters) - India's financial markets rallied sharply on Tuesday after a trade deal that slashed U....Reuters
19 minutes ago
AUD/JPY climbs above 108.50 as RBA raises interest rate by 25 bps to 3.85%
The AUD/JPY cross rises to around 108.85 during the Asian trading hours on Tuesday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) after the Reserve Bank of Australia (RBA) interest rate decision.
Fxstreet
28 minutes ago
FOREX-Dollar holds gains on economic data, Fed bets; Aussie jumps on RBA hike
U.S.-India trade deal and resumed Iran nuclear talks ease geopolitical tensionsYen pressured ahead of Japan's electionAussie rises after RBA rate hikeBy Rocky Swift TOKYO, Feb 3 (Reuters) - The dollar held gains on Tuesday as positive economic readings and shifting expectations for Federal Re...Reuters
29 minutes ago
AUD/NZD climbs to near 1.1630 as RBA raises interest rates by 25 bps to 3.85%
The AUD/NZD pair jumps to near 1.1630 during the Asian trading session on Tuesday. The pair gains sharply as the Australian Dollar (AUD) strengthens after the Reserve Bank of Australia (RBA) raises interest rates by 25 basis points (bps) to 3.85%, as expected.
Fxstreet
31 minutes ago
Australia's central bank raises cash rate 25bps to 3.85%
SYDNEY, Feb 3 (Reuters) - Australia's central bank on Tuesday raised its cash rate by 25 basis points to 3.85%, the first hike in two years, saying the economy was growing faster than expected and inflation was likely to remain above target for some time.Wrapping up a two-day policy meeting, the...Reuters
35 minutes ago
Japanese Yen gains on intervention fears, political uncertainty caps further upside
The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Tuesday and, for now, seems to have snapped a two-day losing streak to over a one-week trough, touched the previous day.
Fxstreet
an hour ago
INDIA RUPEE-Rupee set to rally on prospects India-US trade deal to attract flows
By Nimesh Vora MUMBAI, Feb 3 (Reuters) - The Indian rupee is set to rally sharply at open on Tuesday, supported by expectations that the U.S.–India trade deal will draw foreign investors back to Indian assets and alleviate hedging activity-related pressure. The 1-month non-deliverable forwar...Reuters
2 hours ago
Japan finance minister defends PM's comments on benefits of weak yen
TOKYO, Feb 3 (Reuters) - Japanese Finance Minister Satsuki Katayama on Tuesday defended Prime Minister Sanae Takaichi's comments highlighting the benefits of a weaker yen, stating that the premier had referenced "what is written in textbooks.""The prime minister was speaking in gener...Reuters
2 hours ago
Dollar holds gains on economic data, Fed bets; Aussie advances before RBA
Dollar up on positive U.S. economic data; markets eye shifting Fed expectations Australian dollar rises ahead of expected central bank rate hikeU.S.-India trade deal and resumed Iran nuclear talks ease geopolitical tensionsBy Rocky Swift TOKYO, Feb 3 (Reuters) - The dollar held gains on Tuesda...Reuters
2 hours ago
USD/CAD weakens to near 1.3650 amid partial US shutdown, trade policy concerns
The USD/CAD pair trades in negative territory near 1.3660 during the early Asian session on Tuesday. Another US government shutdown undermine the US Dollar (USD) against the Canadian Dollar (CAD). Nonetheless, the downside for the pair might be limited amid upbeat US economic data.
Fxstreet
2 hours ago
EUR/USD slips under 1.1800 on strong PMI data, Fed bets boost Dollar
EUR/USD drops for the second straight day down 0.49%, following last Friday’s metals rout which underpinned the Greenback to the detriment of the shared currency. Also the nomination of Kevin Warsh to lead the Federal Reserve and upbeat US economic data drove the pair lower.
Fxstreet
6 hours ago
FOREX-Dollar advances on safe-haven flows, strong US data
Dollar advances broadly; euro retreats from $1.20 levelUS manufacturing rebounded in JanuaryPartial shutdown to delay non-farm payrolls dataSelloff in precious metals rattles broader markets Yen steady, LDP expected to win big at upcoming electionBy Laura Matthews NEW YORK, Feb 2 (Reuters) - The ...Reuters
7 hours ago
