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EUR/USD falls to four-week low on strong US Jobless Claims, Philly Fed data
EUR/USD extends its decline on Thursday, sliding to its lowest level since January 23 as fading expectations for near-term Federal Reserve (Fed) interest rate cuts support the US Dollar (USD) and weigh on the Euro (EUR).
Fxstreet
an hour ago
EUR/GBP holds gains as UK data fuels BoE cut bets
The Euro (EUR) holds firms against the British Pound (GBP) on Thursday as growing expectations of Bank of England (BoE) interest rate cuts weigh on the Pound. At the time of writing, EUR/GBP is trading around 0.8737, easing slightly after approaching the 0.8750 level.
Fxstreet
2 hours ago
USD/CHF strengthens as hawkish Fed tone outweighs Swiss data
The Swiss Franc (CHF) edges lower against the US Dollar (USD) on Thursday, pressured by renewed strength in the Greenback. At the time of writing, USD/CHF is trading around 0.7750, rebounding after touching an intraday low near 0.7694.
Fxstreet
3 hours ago
FOREX-Dollar stays clear of lows, Fed split over rate outlook
Fed minutes show no rush to cut rates, some open to hikesDollar holds gains, euro stabilises after Lagarde reportsBy Tom Westbrook and Amanda Cooper SINGAPORE/LONDON, Feb 19 (Reuters) - The dollar held above its recent lows on Thursday after minutes from the Federal Reserve showed policymaker...Reuters
3 hours ago
Brady Q2 sales rise 7.7%, EPS guidance raised
OverviewIdentification solutions provider's fiscal Q2 revenue rose 7.7% yr/yrAdjusted EPS for fiscal Q2 increased 9% yr/yrCompany raised low end of full-year EPS guidanceOutlookBrady raises full-year GAAP EPS guidance to $4.62-$4.82 per shareCompany increases full-year adjusted EPS guidance to $...Reuters
3 hours ago
SEK: Inflation risks and rate path debate – Commerzbank
Commerzbank’s Antje Praefcke notes that Swedish inflation data may gain importance as core inflation fell to 1.7% and could drop further below the 2% target. Deputy Governor Per Jansson has opened the door to a March rate cut, contrasting with Riksbank guidance for unchanged rates.
Sterling steadies after three-day fall as investors pause following dovish data
By Niket Nishant LONDON, Feb 19 (Reuters) - Britain's pound held steady against the dollar on Thursday, stabilising after three consecutive days of losses as investors took a breather following the release of economic data that bolstered the case for further interest rate cuts. Sterling GBP=...Reuters
4 hours ago
Canada's MTY Food beats Q4 revenue estimates, swings to profit
OverviewCanada restaurant franchisor's Q4 revenue rose, beating analyst expectationsNet income for Q4 improved significantly, reversing a loss from previous yearCompany initiated strategic review process to enhance shareholder valueOutlookMTY anticipates improvement in store openings pace in upc...Reuters
4 hours ago
Deere Q1 sales beat; sees recovery in construction and small agriculture demand
OverviewAgricultural machinery maker's Q1 net sales rose 13%, beating analyst expectationsNet income for Q1 decreased 25% yr/yr to $656 mlnOutlookDeere forecasts fiscal 2026 net income between $4.5 bln and $5.0 blnCompany plans to launch innovative products across all business segmentsDeere sees...Reuters
4 hours ago
UK industrial orders remain in the doldrums, CBI says
LONDON, Feb 19 (Reuters) - British industrial orders have fallen heavily again and price pressures remain high, the Confederation of British Industry said on Thursday.The CBI's monthly order book balance stood at -28 in February compared with -30 in January. The index level remains well below it...Reuters
5 hours ago
RPT-ROI-Hawks circle as top two central banks switch leaders :Mike Dolan
By Mike Dolan LONDON, Feb 19 (Reuters) - If the world economy is shifting into a boom that risks overheating, the case for more hawkish central bankers will grow louder — just as the top jobs at the Federal Reserve and European Central Bank come into play.Markets have been obsessing for months ab...Reuters
5 hours ago
AUD/USD Price Forecast: Advancing 20-day EMA backs more upside
The AUD/USD pair trades 0.27% higher to near 0.7065 during the European trading session on Thursday. The Aussie pair gains as the Australian Dollar (AUD) outperforms, following the release of the labor market data for January.Fxstreet
5 hours ago
EMERGING MARKETS-EM currencies, stocks subdued as geopolitical tensions heighten uncertainty
MSCI EM FX down 0.2%, stocks flat Ukraine bonds stabilize after declinesUS Fed minutes show policymakers split over future policyPhilippine central banks cuts rates, Indonesia holds By Purvi Agarwal Feb 19 (Reuters) - Most emerging market currencies edged lower while stocks were treading water on...Reuters
5 hours ago
