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South Korea's central bank holds rates to safeguard financial stability
By Cynthia Kim and Jihoon Lee SEOUL, Jan 15 (Reuters) - South Korea's central bank on Thursday kept its benchmark interest rate unchanged, prioritizing financial stability in its first policy meeting of the year as the won hovered around 16-year lows. The Bank of Korea's monetary policy b...Reuters
7 minutes ago
Bessent urges 'sound' BOJ policy to address excess FX volatility
WASHINGTON, Jan 14 (Reuters) - U.S. Treasury Secretary Scott Bessent met Japanese Finance Minister Satsuki Katayama on Monday and "emphasized the need for sound formulation and communication of monetary policy," the U.S. Treasury Department said in a statement on Wednesday."Noting the in...Reuters
52 minutes ago
US urged sound formulation and communication of monetary policy in Monday meeting with Japan, Treasury Dept says
WASHINGTON, Jan 14 (Reuters) - U.S. Treasury Secretary Scott Bessent met Japanese Finance Minister Satsuki Katayama on Monday and "emphasized the need for sound formulation and communication of monetary policy," the U.S. Treasury Department said in a statement on Wednesday."Noting the in...Reuters
2 hours ago
FOREX-Japanese yen rebounds from 18-month low against dollar
Yen rebounds amid speculation of snap election in JapanJapan officials see possible intervention to shore up yenExpectations Fed will keep rates on hold benefits dollarBy Karen Brettell NEW YORK, Jan 14 (Reuters) - The Japanese yen rebounded from an 18-month low against the dollar on Wednesday as...Reuters
5 hours ago
CANADA FX DEBT-Canadian dollar edges higher as oil rises for fifth straight day
Canadian dollar gains 0.1% against the greenbackTrades in a range of 1.3867 to 1.3898Price of oil increases 1.3%Bond yields ease across a flatter curveBy Fergal Smith TORONTO, Jan 14 (Reuters) - The Canadian dollar strengthened slightly against its U.S. counterpart on Wednesday as oil prices rose...Reuters
7 hours ago
GBP/USD rallies as Fed independence threats hammer Dollar
The British Pound extended its gains on Wednesday as the Greenback is punished by investors due to threats to the Federal Reserve’s independence and a verbal intervention by Japanese officials, boosted the Yen. The GBP/USD trades at 1.3461 up by 0.30%.
Fxstreet
9 hours ago
Bessent says Korean won's depreciation not in line with fundamentals
Korean won gains 1.15% after Bessent's commentsBessent and Koo discuss economic ties, critical mineralsKoo vows to address currency market volatility, dollar imbalance WASHINGTON, Jan 14 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday he had discussed the recent depreciati...Reuters
10 hours 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
10 hours 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
10 hours 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
11 hours 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
11 hours 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
12 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
12 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
12 hours ago
