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Blackstone's Spanish gambling company Cirsa hit by currency swings
Sept 9 (Reuters) - Spanish gambling company Cirsa CIRSA.MC said on Tuesday its second quarter net profit fell 11%, as its casino business was hit by what it called an "unusually adverse" foreign exchange effect.Cirsa's quarterly net profit stood at 9.7 million euros ($11.43 million) in t...Reuters
a minute ago
COLUMN-Will ECB be left holding central bank 'independence' baton?: Dolan
By Mike Dolan LONDON, Sept 9 (Reuters) - If central bank independence is all it's cracked up to be, then the European Central Bank may be in a good spot, as its odd multinational structure likely leaves it better protected from political interference gnawing at its peers. Whether it proves a ...Reuters
40 minutes ago
South Korea trade talks with U.S. deadlocked over forex, Seoul says
Seoul says currency issue needs to be addressed in trade dealSouth Korea in different position to Japan, officials say$350 bln investment package expected to add to pressure on wonBy Yena Park and Jihoon Lee SEOUL, Sept 9 (Reuters) - South Korea's negotiations to finalise a U.S. trade deal ar...Reuters
46 minutes ago
GBP/JPY retreats further from YTD peak, slides to mid-199.00s amid notable JPY demand
The GBP/JPY cross attracts some follow-through sellers during the Asian session on Tuesday and moves further away from its highest level since July 2024, around the 200.35 region touched the previous day.
Fxstreet
49 minutes ago
EUR/JPY corrects to near 173.20, while both currencies face political crisis
The EUR/JPY pair trades 0.17% lower to near 173.20 during the late Asian trading session on Tuesday. The pair faces selling pressure as the Japanese Yen (JPY) bounces back against its peers, while the political crisis in Japan continues to prevail following the resignation of Prime Minister Shigeru
Fxstreet
52 minutes ago
Ishiba's departure gives BOJ pause for thought on rate hikes
Politics won't derail BOJ rate hike plan but may affect timingTakaichi, proponent of low rates, seen frontrunner in LDP raceRising inflation may prod Takaichi to water down stimulus callsFiscal stimulus, yield spike may affect BOJ's QT, rate hike planBy Leika KiharaReuters
55 minutes ago
AUD/JPY Price Forecast: Keep bullish vibe above 97.00
The AUD/JPY cross loses ground to near 97.15 during the early European session on Tuesday. The Japanese Yen strengthens against the Australian Dollar (AUD) after US President Donald Trump signed an executive order last week to lower the Japanese auto import tariff.
Fxstreet
59 minutes ago
FOREX-Dollar hits 7-week low as jobs gloom heightens Fed cut chances
Investors await preliminary U.S. jobs data revisionsTraders increase bets on jumbo 50-bp Fed rate cutBank Indonesia said to have intervened to stabilise marketBy Gregor Stuart Hunter SINGAPORE, Sept 9 (Reuters) - The dollar sank to an almost seven-week low on Tuesday as investors braced for U.S. ...Reuters
an hour ago
USD/INR declines as US Dollar refreshes six-week low
The Indian Rupee (INR) opens on a positive note against the US Dollar (USD) on Tuesday. The USD/INR pair slides to near 88.10 as the US Dollar extends its downside, following dismal United States (US) official job data for August.Fxstreet
an hour ago
EUR/GBP holds losses near 0.8650 as BRC Like-For-Like Retail Sales accelerate in August
EUR/GBP edges lower after two days of gains, trading around 0.8670 during the Asian hours on Tuesday. The currency cross depreciates as the Pound sterling (GBP) receives support after the release of British Retail Consortium (BRC) Like-For-Like Retail Sales, which rose 2.9% year-on-year in August.
Fxstreet
an hour ago
USD/CAD holds steady above 1.3800, lacks bullish conviction amid a weaker USD
The USD/CAD pair attracts some dip-buyers during the Asian session on Tuesday, though it lacks follow-through amid mixed fundamental cues. Spot prices, however, manage to hold comfortably above the 100-day Simple Moving Average (SMA) and stick to modest gains above the 1.3800 round figure.
Fxstreet
2 hours ago
GBP/USD strengthens above 1.3550, investors await NFP Benchmark Revision release
The GBP/USD pair gathers strength to around 1.3560, the highest since August 15, during the early European session on Tuesday. The US Dollar (USD) weakens against the Pound Sterling (GBP) as weaker US jobs data shore up the case for deeper Federal Reserve (Fed) interest rate cuts.
Fxstreet
2 hours ago
Silver Price Forecast: XAG/USD gains ground to near $41.50 as jumbo Fed rate cut bets grow
The Silver price ( XAG/USD) trades in positive territory for the third consecutive day around $41.40 during the Asian trading hours on Tuesday. The white metal edges higher as weaker job reports in recent months have increased expectations for a jumbo rate cut from the US Federal Reserve (Fed).
Fxstreet
4 hours ago
Australia, NZ dollars gain ground as greenback, yen retreat
By Wayne Cole SYDNEY, Sept 9 (Reuters) - The Australian and New Zealand dollars crept to multi-week highs on Tuesday as falling Treasury yields dragged on the greenback, while political uncertainty pulled the Japanese yen to a two-month trough.Australian bonds have lagged the rally in Treasuries,...Reuters
4 hours ago
FOREX-Dollar falls hits 7-week low as jobs gloom heightens Fed cut chances
By Gregor Stuart Hunter SINGAPORE, Sept 9 (Reuters) - The dollar sank to an almost seven-week low on Tuesday as investors braced for U.S. data revisions that could show the jobs markets in worse shape than initially thought, shoring up the case for even deeper Federal Reserve interest rate cuts.T...Reuters
5 hours ago
