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Erosion of Fed independence would be 'credit negative' for US rating, Fitch says
LONDON, Jan 15 (Reuters) - A major erosion of the Federal Reserve's independence would be negative for the U.S. credit rating, Fitch's top sovereign analyst said on Thursday, with any sign that the dollar's top global currency crown could slip the most critical issue. The independence of...Reuters
27 minutes ago
GBP/JPY Price Forecast: RSI eases from overbought territory as upside momentum cools
The British Pound (GBP) weakens against the Japanese Yen (JPY) on Thursday as renewed intervention speculation lends support to the Yen after its recent slump. At the time of writing, GBP/JPY hovers near 212.35, extending losses for a second consecutive day while holding near multi-year highs.
Fxstreet
2 hours ago
FOREX-Fears of BoJ intervention keeps dollar/yen below 160
Traders on watch for BoJ intervention to support yen near 160Concerns over possible increased fiscal spending weigh on Japanese currencyRisks to Fed independence remain under the spotlightGerman data offers mild support to euro, Greenland in focusBy Stefano Rebaudo Jan 15 (Reuters) - The yen was ...Reuters
2 hours ago
USD/CHF Price Forecast: Pushing against resistance in the 0.8020 area
The US Dollar remains bid against a somewhat softer Swiss Franc, weighed by a brighter market sentiment on Thursday. The Greenback keeps its bullish trend from late December lows in play, but has so far been unable to find acceptance above the 0.8020 area.
Fxstreet
3 hours ago
NZD/USD trades flat as strong US data, trade tensions balance sentiment
NZD/USD hovers around 0.5740 on Thursday at the time of writing, virtually unchanged on the day, as investors digest another round of strong US economic data and remain cautious ahead of the weekly US Initial Jobless Claims figures due later in the day.
Fxstreet
3 hours ago
FOREX-Fears of BoJ intervention keeps dollar/yen below 160
Traders on watch for BoJ intervention to support yen near 160Concerns over possible increased fiscal spending weigh on Japanese currencyRisks to Fed independence remain under the spotlightGerman data offers mild support to euro, Greenland in focusBy Stefano Rebaudo Jan 15 (Reuters) - The yen edge...Reuters
4 hours ago
China central bank to cut sector-specific rates to boost economy
PBOC cuts rates on structural policy tools by 25 bpsMove seen as signaling possible benchmark rate reductionsPBOC has some room for rate, reserve ratio cuts, deputy gov says BEIJING, Jan 15 (Reuters) - China's central bank announced on Thursday cuts to sector-specific interest rates to prov...Reuters
4 hours ago
RPT-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
4 hours ago
USD/JPY: Likely to consolidate between 157.90 and 159.00 – UOB Group
US Dollar (USD) is likely to consolidate between 157.90 and 159.00. In the longer run, strong USD rally has scope to extend, potentially breaking above 160.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
5 hours ago
Sterling edges down versus dollar after UK data
By Stefano Rebaudo Jan 15 (Reuters) - Sterling slightly pared its fall against the dollar on Thursday after UK economic data showed the economy grew more strongly than expected in November, but failed to affect the policy rate outlook.Traders priced in around 40 basis points (bps) of Bank of Engl...Reuters
5 hours ago
