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Volvo Cars fourth-quarter profits tumble on tariff hit, challenging market
Profits hit by tariffs, weak demand, currency effectsProfits, sales below market expectations, according to J.P. MorganVolvo Cars aims for volume growth in 2026, cost-saving plans underway Feb 5 (Reuters) - Volvo Cars' VOLCARb.ST fourth-quarter profit fell 68%, hit by tariffs and weak demand,...Reuters
42 minutes ago
NZD/USD Price Forecast: Holds losses near 0.6000, nine-day EMA
NZD/USD remains subdued for the second consecutive day, trading around 0.5990 during the early European hours on Thursday. The technical analysis of the daily chart signals a potential for bearish reversal as the pair price is positioned slightly below the lower ascending channel boundary.
Fxstreet
45 minutes ago
Japan PM Takaichi's reflationist aide calls for fiscal discipline
Takaichi mindful of need for fiscal discipline, Nagahama saysToo-loose fiscal policy could trigger rapid BOJ rate hikesGovernment must communicate with markets, BOJ to avoid bond routRemarks highlight administration's sensitivity to yield movesBy Leika Kihara TOKYO, Feb 5 (Reuters) - Japan mu...Reuters
an hour ago
AUD/JPY retraces to near 109.00 as Yen rebounds, outlook remains upbeat
The AUD/JPY pair is down to 0.4% to near 109.20 during the early European trading session on Thursday. The cross retraces from its lifetime high of 110.1 posted on Wednesday as the Japanese Yen (JPY) gains temporary ground after a three-day fall.
Fxstreet
2 hours ago
EUR/USD: Consolidation likely ahead – UOB
According to UOB's report, authored by Quek Ser Leang and Lee Sue Ann, the Euro is expected to continue consolidating, likely between the 1.1775 and 1.1830 levels. The report notes that the previous expectations for consolidation were met, although within a narrower range than anticipated.Fxstreet
2 hours ago
EUR/JPY Price Forecast: Positive outlook remains intact near 185.00, all eyes on ECB rate decision
The EUR/JPY cross trades in negative territory near 185.00 during the early European session on Thursday. Traders might turn cautious ahead of the European Central Bank (ECB) interest rate decision later in the day.
Fxstreet
2 hours ago
FOREX-Dollar recovers as central bank decisions loom, markets turn risk-off
ECB set to keep rates steady at 1315 GMTBank of England also expected to hold rates, decision due 1200 GMTDollar-yuan little changed after Trump-Xi phone callBy Gregor Stuart Hunter SINGAPORE, Feb 5 (Reuters) - The dollar climbed to a two-week high on Thursday as fresh volatility gripped stocks a...Reuters
3 hours ago
USD/CHF gains ground above 0.7750 as Fed chair nomination supports US Dollar
The USD/CHF pair holds positive ground near 0.7780 during the early European session on Thursday, bolstered by renewed US Dollar (USD) demand. Analysts expect the Greenback’s recovery will be short-lived as traders remain concerned about the Federal Reserve’s (Fed) independence.
Fxstreet
3 hours ago
EUR/GBP trades higher around 0.8650 ahead of BoE-ECB policy decision
The EUR/GBP pair trades slightly higher to near 0.8652 during the late Asian trading session on Thursday. The pair edges up as the Pound Sterling (GBP) underperforms ahead of the monetary policy announcement by the Bank of England (BoE) at 12:00 GMT.
Fxstreet
3 hours ago
EUR/USD softens below 1.1800 ahead of ECB rate decision
The EUR/USD pair loses ground to around 1.1785 during the early European trading hours on Thursday. The Euro (EUR) softens against the US Dollar (USD) as Eurozone inflation declined well below target ahead of the European Central Bank (ECB) interest rate decision.Fxstreet
4 hours ago
GBP/USD falls toward 1.3600 ahead of BoE policy decision
GBP/USD extends its losses for the second successive session, trading around 1.3620 during the Asian hours on Thursday. The pair weakens as the Pound Sterling (GBP) comes under pressure ahead of the Bank of England’s (BoE) interest rate decision later in the day.Fxstreet
4 hours ago
