News
Important Only
GBP/USD rises amid trade uncertainty as SCOTUS blocks Trump tariffs
The GBP/USD registers gains of 0.31% on Monday after the US Supreme Court rejected Trump’s tariffs invoked using IEEPA national emergency. In the meantime, uncertainty about trade policies keeps the US Dollar on the back foot. The pair trades at 1.3507 after bouncing off daily lows of 1.3475.
Fxstreet
57 minutes ago
USD/CHF range-bound amid US trade uncertainty and soft swiss data
USD/CHF struggles for direction on Monday as weaker-than-expected Swiss economic data undermines the Swiss Franc (CHF), while a softer US Dollar (USD) limits upside momentum. At the time of writing, the pair is trading around 0.7738, down 0.16% on the day.
Fxstreet
an hour ago
FOREX-Dollar weakens as US tariffs struck down, Iran tensions rise
Supreme Court strikes down Trump's tariffs, creating market uncertaintyTrump plans new tariffs, raising inflation and de-dollarization concernsIran-U.S. nuclear talks continue amid rising geopolitical tensionsBy Karen Brettell NEW YORK, Feb 23 (Reuters) - The dollar weakened on Monday as trad...Reuters
2 hours ago
Bank of Israel keeps rates steady amid fears of Iran confrontation
Central bank had cut rates in November and JanuaryCites geopolitical uncertainty over Iran for cautionCentral bank also points to tight labour marketIsraeli inflation rate hits 4-1/2-year low of 1.8%By Steven Scheer JERUSALEM, Feb 23 (Reuters) - The Bank of Israel held short-term interest rates s...Reuters
2 hours ago
Bank of Israel keeps rates steady amid Iran tensions
JERUSALEM, Feb 23 (Reuters) - The Bank of Israel held short-term interest rates steady on Monday after two successive cuts, amid fears of a U.S. strike on Iran that overshadowed easing inflation pressures and a strong shekel ILS=.After cuts in November and January, the central bank opted to leave it...Reuters
4 hours 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 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
4 hours 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
4 hours 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
5 hours 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
5 hours 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
6 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
6 hours ago
