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FOREX-Euro, yen slide for third straight day versus US dollar, Fed minutes in focus
Dollar rises against euro, yen on political developmentsAnalysts question pricing of Fed easing path ahead of minutesYen drops over 3.5% in three sessions amid policy speculationStrategists flag concerns over Fed independenceBy Stefano Rebaudo Oct 8 (Reuters) - The euro and the yen were headed fo...Reuters
10 minutes ago
Japan's likely next prime minister wrestles coalition backlash
Moderate Komeito wary of ruling LDP's new hardline leaderCoalition talks may delay parliament vote on next premierYen slides as investors weigh political hiatusOpposition parties consider alternative PM candidateBy Tamiyuki Kihara and John Geddie TOKYO, Oct 8 (Reuters) - Japan's likely n...Reuters
15 minutes ago
NZD plunges as RBNZ delivers jumbo 50bps cut – BBH
NZD/USD dropped 1% to a six-month low near 0.5740 after the Reserve Bank of New Zealand surprised markets with a 50bps cut to the Official Cash Rate, now at 2.50%. The central bank signaled it remains open to further reductions, citing spare capacity and downside risks to activity and inflation.
Fxstreet
23 minutes ago
Stablecoins may drum up $1.4 trillion of extra dollar demand by 2027, JPM says
LONDON, Oct 8 (Reuters) - The adoption of stablecoins could generate an additional $1.4 trillion in demand for U.S. dollars by 2027, if enough overseas investors want to own these digital assets, analysts at JPMorgan said in a note on Tuesday. WHY IT'S IMPORTANTThe potential increase in dollar d...Reuters
44 minutes ago
USD/JPY surges toward 155 as Yen slumps – BBH
USD/JPY broke decisively above 151.00, climbing to an eight-month high near 153.00 and setting up a potential test of 155.00. The yen’s weakness reflects expectations of continued stimulus under incoming Prime Minister Sanae Takaichi and soft wage data that argue for a cautious BOJ.Fxstreet
an hour ago
JPY: Risk of appreciation? – Commerzbank
Data from this morning shows a renewed slowdown in wage growth in Japan. Although nominal wages are still up 1.5% year-on-year, this is well below expectations and the previous trend. Adjusted for inflation, i.e., in real terms, wages have fallen again, and more sharply than before.Fxstreet
an hour ago
USD/CAD keeps wavering below 1.3970 ahead of the FOMC minutes
The US Dollar is drifting lower against the Canadian Dollar on Wednesday after another rejection at the 1.3570 resistance area. pair, however, remains moving back and forth within the last two weeks’ horizontal channel above 1.3940.The Dollar is drawing support from the global risk aversion as the
Fxstreet
an hour ago
USD/CAD holds steady around 1.3950 supported by US Dollar strength, firm Oil prices
USD/CAD hovers around 1.3950 at the time of writing on Wednesday, after reaching its highest level since May last Thursday at 1.3986 . The US Dollar (USD) holds firm, with the US Dollar Index (DXY) up 0.3% for the day, supported by the weakness of the Euro (EUR) and Japanese Yen (JPY).Fxstreet
an hour ago
COLUMN-Europe's ageing burden far less than US or China: Mike Dolan
By Mike DolanLONDON, Oct 8 (Reuters) - Graying Europe has long been considered an outlier in global demographics - but the rising cost to its governments in terms of bills for pensions and healthcare are more manageable than assumed and less than in rival economies in America and China.In a detailed...Reuters
an hour ago
Kenya will talk to IMF about new programme in Washington next week
NAIROBI, Oct 8 (Reuters) - Kenya will continue discussions with the International Monetary Fund about a new programme next week in Washington, the country's central bank governor said on Wednesday. The East African nation's $3.6 billion programme with the IMF expired earlier this year, an...Reuters
2 hours ago
Sterling rises versus euro, reaches fresh 15-month high against yen
By Stefano Rebaudo Oct 8 (Reuters) - Sterling slipped against a strong dollar but rose versus the euro and the yen on Wednesday, while concerns over the British economy and next month's budget kept investors on edge.The common currency and the yen were on track for a third straight day of los...Reuters
2 hours ago
Kenya will continue talks with IMF over new programme next week, central bank says
NAIROBI, Oct 8 (Reuters) - Kenya will continue discussions with the International Monetary Fund about a new programme next week in Washington, the country's central bank governor said on Wednesday."The discussions will continue next week when we go to Washington, and of course we hope to rea...Reuters
2 hours ago
EMERGING MARKETS-EM stocks slip, FX down on stronger dollar; Polish rate verdict in focus
EM stocks down 0.56%, FX down 0.28%Polish rate decision at 1200 GMTHungary's September inflation stable at 4.3% y/y, below forecastCzech jobless rate steady at 4.5% in SeptemberCzech retail sales rise 3.5% y/y in AugustBy Nikhil Sharma Oct 8 (Reuters) - Emerging market stocks and currencies f...Reuters
2 hours ago
AUD/USD slides further to near 0.6560 as US Dollar extends rally
The AUD/USD pair trades 0.2% lower to near 0.6560 during the European trading session on Wednesday. The Aussie pair extends its Tuesday’s downside move as the US Dollar (USD) continues to outperforms its peers, following political developments in Japan and France.
Fxstreet
3 hours ago
