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Bank of Korea signals end to easing cycle after standing pat to safeguard FX stability
BOK keeps base rate unchanged at 2.50% as expectedBOK omits earlier language on plans to implement further cuts Five of BOK's seven members see policy rates staying steady near-term Analysts adjust interest rate forecasts on hawkish signalsBy Cynthia Kim and Jihoon Lee SEOUL, Jan 15 (Reuters)...Reuters
46 minutes ago
EUR/JPY Price Forecast: Keeps bullish vibe above 100-day EMA
The EUR/JPY cross loses traction near 184.50 during the early European session on Thursday. The Japanese Yen (JPY) edges higher against the Euro (EUR) as traders remain wary of intervention after strong warnings ahead of an election in Japan.
Fxstreet
49 minutes ago
Canada's Velan posts higher Q3 profit as restructuring costs fall
OverviewIndustrial valve maker's Q3 sales fell 2.4% yr/yr to $71.7 mlnCompany's Q3 net income was $3 mln, reversing a loss from last year that included significatly higher restructuring expensesVelan's backlog rose 8% since fiscal year start, driven by nuclear sectorOutlookVelan expects ...Reuters
53 minutes ago
USD/CHF trades firmly near 0.8000 as Fed to keep interest rates steady this month
The USD/CHF pair holds onto gains near the monthly high of 0.8000 during the late Asian trading session on Thursday. The Swiss Franc pair trades firmly as the US Dollar continues to outperform on expectations that the Federal Reserve (Fed) will pause its monetary-easing cycle this month.
Fxstreet
an hour ago
GBP/USD Price Forecast: Eyes nine-day EMA barrier near 1.3450
GBP/USD remains steady for the second successive session, trading around 1.3430 during the Asian hours on Thursday. The momentum indicator 14-day Relative Strength Index (RSI) is at 51 (neutral) after retreating from overbought readings, indicating balanced momentum.Fxstreet
3 hours ago
Japanese bonds rebound after sharp selloff, yen rally as election looms
By Rocky Swift TOKYO, Jan 15 (Reuters) - Japanese government bonds (JGBs) rallied on Thursday as the yen rebounded, recovering after a sharp selloff on expectations of a snap election.The benchmark 10-year JGB yield JP10YTN=JBTC fell 2.5 basis points (bps) to 2.155%, retreating from 2.185%, its h...Reuters
4 hours ago
USD/CAD steadies near 1.3900 as strong US data supports Fed pause
USD/CAD remains in the positive territory for the third successive session, trading around 1.3890 during the Asian hours on Thursday. The pair holds ground as the US Dollar (USD) receives support from stronger-than-expected US economic data.
Fxstreet
4 hours ago
AUD/USD slips below 0.6700 as Australia’s inflation expectations ease
AUD/USD edges lower after registering slight gains in the previous session, trading around 0.6680 during the Asian hours on Thursday. The pair loses ground after Australia’s Consumer Inflation Expectations were released.
Fxstreet
5 hours ago
Australia, NZ dollars struggle as risk assets retreat
SYDNEY, Jan 15 (Reuters) - The Australian and New Zealand dollars struggled on Thursday as a sell-off in global equities and a bounce in the Japanese yen amid heightened geopolitical risks left both currencies pinned near key support levels.The Aussie was flat at $0.6682 AUD=D3, after moving little ...Reuters
5 hours ago
FOREX-Yen steadies as traders gird for election, intervention fears lurk
Yen retreats after verbal jawboning but near 18-month lowsEarly election triggers worries about Takaichi spending plansDollar steadies as Fed policymakers mostly back PowellBy Ankur Banerjee SINGAPORE, Jan 15 (Reuters) - The yen held onto overnight gains on Thursday but was pinned near 18-month l...Reuters
5 hours 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
6 hours ago
