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China central bank to cut policy tool rates by 25 bps
BEIJING, Jan 15 (Reuters) - China will cut interest rates on various structural monetary policy tools by 25 basis points and boost its re-lending programme for supporting tech innovation by 400 billion yuan ($57.37 billion) to 1.2 trillion yuan, the central bank said on Thursday.The People's Ba...Reuters
18 minutes ago
Bessent's comments show importance of FX stability in US-South Korea cooperation, Seoul says
SEOUL, Jan 15 (Reuters) - U.S. Treasury Secretary Scott Bessent's recent comments on the Korean won underscore the importance of foreign exchange stability for bilateral economic cooperation between Seoul and Washington, a senior South Korean official said on Thursday. Deputy Finance Mi...Reuters
27 minutes ago
ROI-Is that it? The great dollar reversal fizzles: Mike Dolan
By Mike Dolan LONDON, Jan 15 (Reuters) - Rolling back the dollar's near 50% rise over the past 15 years was a pillar of Donald Trump's economic agenda. Now that early success has fizzled, markets suspect last year's 7% drop may be it.As the U.S. president heads to the World Econom...Reuters
46 minutes ago
South Korea deputy finmin says FX stability key for cooperation with US, Yonhap reports
SEOUL, Jan 15 (Reuters) - South Korea's deputy finance minister said on Thursday foreign exchange stability was an important factor for economic cooperation with the U.S. as instability could hinder progress on a $350 billion U.S. investment pledged by the Asian country, the Yonhap News Agency r...Reuters
an hour ago
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
2 hours 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
2 hours 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
2 hours 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
3 hours 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
5 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
5 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
6 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
6 hours ago
