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Canadian Dollar holds steady as US government reopens, ADP data disappoints
The Canadian Dollar (CAD) held steady against the US Dollar (USD) on Wednesday, trading just below 1.3700 as markets adjusted to the end of the partial US government shutdown and digested a soft private payrolls report.
Fxstreet
an hour ago
USD/INR: Trade deal boosts sentiment but risks remain – OCBC Bank
OCBC Bank's report, authored by Sim Moh Siong and Christopher Wong, discusses the recent rally of the Indian Rupee (INR) following headlines of a US-India trade deal. However, the report cautions that the lack of specifics may limit follow-through as investors return to fundamentals.Fxstreet
2 hours ago
Euro holds near four-year highs as ECB rate decision looms
EUR/USD traded mostly flat on Wednesday, drifting around 1.1800 during the European and American sessions. Fiber pulled back from last week's four-year high near 1.2020 but continues to hold comfortably near the 1.18 handle.
Fxstreet
2 hours ago
CAD: Edges lower amid broader USD gains – Scotiabank
The CAD is experiencing slight softness in quiet trading, primarily due to a stronger USD. The CAD's fair value estimate has increased slightly, reflecting a minor upward adjustment, note Scotiabank's Shaun Osborne and Eric Theoret.Fxstreet
4 hours ago
FOREX-Yen heads for fourth straight day of losses ahead of Japan's elections
Yen on track for a fourth day of declines before electionTakaichi's strong showing may pressure yen, government bondsDollar holds range versus major currencies on Fed rate path uncertaintyStrong euro expected to be in ECB focus on ThursdayBy Laura Matthews and Stefano Rebaudo NEW YORK/MILAN, ...Reuters
4 hours ago
SEK: Riksbank remains vigilant amid economic growth – Commerzbank
The Riksbank has decided to keep its policy rate unchanged at 1.75%, citing solid economic growth and rising household consumption. Despite a weak labor market, inflation has reached target levels, allowing the Riksbank to adopt a wait-and-see approach.
Fxstreet
5 hours ago
EUR: Softens ahead of ECB policy decision – Scotiabank
The EUR is slightly down against the USD, showing signs of consolidation as it approaches the ECB's policy decision. Recent economic data, including services PMI and CPI, have aligned with expectations, providing little impetus for ECB policymakers.Fxstreet
6 hours ago
USD/CHF trades flat as US labor data disappoints, SNB remains vigilant
USD/CHF trades without a clear trend around 0.7750 on Wednesday at the time of writing, showing an almost unchanged performance on the day. The pair remains trapped in a narrow range as the US Dollar (USD) struggles to find a clear catalyst following the release of mixed US macroeconomic data.
Fxstreet
7 hours ago
GBP/USD: Outlook remains cautious – TD Securities
TD Securities analysts anticipate that the Bank of England's Monetary Policy Committee will maintain the Bank Rate at 3.75% with a 6-3 vote. The report highlights that the trajectory of inflation and the voting dynamics will be crucial for market movements.Fxstreet
7 hours ago
NZD/USD: Improving labor market conditions – BBH
The report from Brown Brothers Harriman (BBH) highlights that NZD/USD is trading heavy around 0.6000, with New Zealand's Q4 labor market data showing an improving job market. Employment increased more than expected, although the unemployment rate rose slightly.Fxstreet
8 hours ago
FOREX-Yen falls sharply ahead of elections, heads for fourth day of losses
Yen heads for fourth straight daily decline before electionTakaichi's strong showing may pressure yen, government bondsDollar unchanged vs major currencies on Fed path uncertaintyStrong euro expected to be in ECB focus on ThursdayBy Stefano Rebaudo Feb 4 (Reuters) - The yen tumbled on Wednesd...Reuters
8 hours ago
Timken Q4 revenue beats estimates on higher pricing
OverviewBearings and industrial motion firm's Q4 revenue rose 3.5%, beating analyst expectationsAdjusted EPS for Q4 beat analyst expectationsCompany cites higher pricing and favorable currency translation as revenue growth driversOutlookTimken expects 2026 EPS between $4.50 and $5.00Company fore...Reuters
9 hours ago
EUR: Inflation drops but ECB remains steady – TD Securities
TD Securities reports on Eurozone inflation, which has dropped to 1.7% year-on-year, primarily due to energy prices. The analysis indicates that this disinflationary trend is not expected to influence the ECB's upcoming meeting, as it has been anticipated.Fxstreet
9 hours ago
EMERGING MARKETS-EM FX, stocks broadly steady after rally; tech sell-off weighs on Asia
Tech stocks in India, Hong Kong decline Gold prices support South African equities Central bank decision awaited in Poland Afreximbank lines up $8 bln package for South AfricaMSCI EM FX down 0.2%, stocks off 0.1%By Purvi Agarwal Feb 4 (Reuters) - Emerging market currencies and stocks were subdued...Reuters
9 hours ago
AUD/USD trades subduedly near 0.7020 ahead of US employment, PMI data
The AUD/USD pair trades marginally lower around 0.7020 during the European trading session on Wednesday. The Aussie pair ticks down as the US Dollar (USD) trades higher ahead of the key United States (US) economic data releases in the North American session.
Fxstreet
9 hours ago
