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Bank of England's Taylor says high U.S. tariffs appear to be here to stay
LONDON, Feb 23 (Reuters) - High U.S. import tariffs appear to be here to stay and their full impact represent a meaningful change which is likely to take "many years" to be felt, Bank of England policymaker Alan Taylor said on Monday.Speaking after U.S. President Donald Trump responded to th...Reuters
22 minutes ago
World Bank aims to give Mozambique $6 billion of financing over next five years
MAPUTO, Feb 23 (Reuters) - The World Bank is aiming to provide Mozambique with $6 billion of mostly concessional financing over the next five years, its director for Mozambique told reporters on Monday."We have a balance sheet of around $3 billion on the bank side, and we're hoping to mobili...Reuters
31 minutes ago
FOREX-Dollar flat after court strikes down Trump's tariffs
Tariff situation unclearMarkets grapple with Iran risksSwiss franc is Goldman's preferred inflation hedgeBy Niket Nishant and Tom Westbrook LONDON/SINGAPORE, Feb 23 (Reuters) - The dollar was flat on Monday after the U.S. Supreme Court's decision to strike down President Donald Trump'...Reuters
an hour ago
Sterling firms against dollar; tariff fallout, Manchester election in focus
By Niket Nishant Feb 23 (Reuters) - The British pound kicked off the week on a firmer footing on Monday, as traders digested the fallout from the U.S. Supreme Court striking down tariffs and political uncertainty from an upcoming election to fill a parliamentary seat.Sterling GBP=D3 rose 0.2% to...Reuters
an hour ago
Bank of England's Taylor says high U.S. tariffs appear to be here to stay
LONDON, Feb 23 (Reuters) - High U.S. import tariffs appear to be here to stay and the full impact is likely to take "many years" to be felt, Bank of England policymaker Alan Taylor said on Monday."I think the fundamental thing to realise is those tariffs are here to stay at some kind of ...Reuters
2 hours ago
Pound Sterling falls sharply after BoE Taylor’s dovish remarks
The Pound Sterling faces selling pressure against its major currency peers during the European trading session on Monday after dovish comments on interest rates from Bank of England’s (BoE) Monetary Policy Committee (MPC) member Alan Taylor in a fireside chat at Deutsche Bank in London.
Fxstreet
2 hours ago
CEE MARKETS-Polish retail sales add to zloty support, forint hovers around highs
WARSAW, Feb 23 (Reuters) - Central Eastern European currencies edged higher on Monday, with the zloty boosted by higher-than-expected retail sales data in Poland, while trade war risks and tensions between the U.S. and Iran were offset by a softer dollar.Uncertainty over U.S. trade policy, after Pre...Reuters
4 hours ago
INDIA RUPEE-Rupee edges up as local factors eat into US tariff ruling-driven gains
By Dharamraj Dhutia MUMBAI, Feb 23 (Reuters) - The Indian rupee eked out a gain versus the dollar on Monday, as hedging interest from importers and upcoming maturities in forward contracts undercut most of an early advance driven by positive sentiment after the U.S. Supreme Court's ruling on ...Reuters
4 hours ago
COMMENT-The growing dollar short is a problem
The growing dollar short is a problem: it reduces the odds of the decline many traders are hoping for and increases the likelihood that February's rally extends.At the start of this year, traders were betting $3 billion on the dollar rising against major currencies; they are now betting $20 bill...Reuters
4 hours ago
EMERGING MARKETS-EM shares climb, currencies firm as US tariff confusion spurs diversification
EM stocks up 1%, FX up 0.2%Israel interest rate decision dueSouth Africa budget due later this weekBy Pranav Kashyap Feb 23 (Reuters) - Most emerging-market stocks advanced on Monday as investors continued to rotate out of U.S. assets, spooked by fresh uncertainty around U.S. tariffs, while Israe...Reuters
4 hours ago
GBP: Political risk tempers data-driven support – OCBC
OCBC’s Sim Moh Siong argues that sticky UK inflation and firmer activity data have limited dovish repricing of the Bank of England and cushioned the Pound. However, the 26 February by-election is seen keeping GBP volatility elevated in the near term.FOREX-Dollar softens after court strikes down Trump's tariffs, stoking policy worries
By Niket Nishant and Tom Westbrook LONDON/SINGAPORE, Feb 23 (Reuters) - The dollar slipped on Monday after the U.S. Supreme Court's decision to strike down President Donald Trump's tariffs stirred fresh policy uncertainty, further fuelled by worries about a conflict with Iran. The e...Reuters
4 hours ago
EUR/USD trims intraday gains; holds above 1.1800 as German IFO survey fails to inspire
The EUR/USD pair trims a part of its intraday gains, though it manages to hold above the 1.1800 mark through the first half of the European session on Monday and moves little following the release of the IFO institute's business survey for February.
Fxstreet
5 hours ago
