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EM portfolios funnel near $45 billion in August but cracks are showing, IIF says
By Rodrigo Campos NEW YORK, Sept 10 (Reuters) - Investors plowed nearly $45 billion into their emerging market equities and debt portfolios in August, the most in nearly a year, but a large outflow from EM stocks outside of China pointed to a change of sentiment among investors, according to a re...Reuters
2 hours ago
Swiss Franc gains after weak US PPI; SNB’s Schlegel signals cautious stance
The Swiss Franc (CHF) strengthens modestly against the US Dollar (USD) on Wednesday, with USD/CHF trimming intraday gains as the Greenback softens after softer-than-expected US Producer Price Index (PPI) figures further cemented market expectations that the Federal Reserve (Fed) will cut interest ra
Fxstreet
3 hours ago
GBP/USD holds near 1.3550 as soft US PPI boosts Fed cut bets
The GBP/USD hoovers around the 1.3550 figure for the third straight day after the latest inflation report in the United States (US) showed that prices paid by producers dipped in August, increasing the chances for an interest rate cut by the Federal Reserve.
Fxstreet
3 hours ago
Eurozone FX Today: The ECB's pause comes under scrutiny
The Euro (EUR) is holding steady against the US Dollar (USD), trading at 1.1710 on Wednesday. A wait-and-see attitude prevails ahead of the European Central Bank's (ECB) monetary policy meeting, scheduled for Thursday at 12:15 GMT.Fxstreet
4 hours ago
EUR/USD steadies above 1.1700 after US PPI miss, attention shifts to ECB
The Euro (EUR) is edging modestly higher against the US Dollar (USD) on Wednesday, as the Greenback lost momentum after weaker-than-expected US Producer Price Index (PPI) figures added to market bets that the Federal Reserve (Fed) will deliver a rate cut next week.Fxstreet
5 hours ago
FOREX-US dollar slightly lower against yen, euro, after producer price data
By Gertrude Chavez-Dreyfuss NEW YORK, Sept 10 (Reuters) - The U.S. dollar was marginally down against the yen and euro on Wednesday after data showed producer prices unexpectedly fell in August, cementing expectations that the Federal Reserve will resume cutting interest rates later this month. ...Reuters
5 hours ago
POP Culture Invests in BTC to Drive Web3 Entertainment Shift
Sept 10 (Reuters) - Pop Culture Group Co Ltd CPOP.O:POP CULTURE MAKES STRATEGIC INVESTMENT IN CRYPTOCURRENCY BTC TO ACCELERATE WEB3.0 DIGITAL ENTERTAINMENT TRANSFORMATIONPOP CULTURE GROUP: COMPLETES INVESTMENT IN CRYPTOCURRENCY BITCOIN TOTALING $33 MILLIONReuters
5 hours ago
Trump says Fed chair Powell should make big rate cut now
WASHINGTON, Sept 10 (Reuters) - U.S. President Donald Trump on Wednesday reiterated his call for Federal Reserve Chairman Jerome Powell to cut benchmark interest rates. "Just out: No Inflation!!! “Too Late” must lower the RATE, BIG, right now. Powell is a total disaster, who doesn’t have a c...Reuters
5 hours ago
FOREX-US dollar dips after producer prices data
NEW YORK, Sept 10 (Reuters) - The U.S. dollar slipped against the yen and euro on Wednesday after data showed producer prices unexpectedly fell in August, cementing expectations that the Federal Reserve will resume cutting interest rates later this month.The dollar was slightly down against the yen ...Reuters
5 hours ago
SNB chief says Federal Reserve is central to financial system
VEZIA, Switzerland, Sept 10 (Reuters) - Swiss National Bank Chairman Martin Schlegel said on Wednesday the U.S. dollar is still the dominant currency and that the U.S. Federal Reserve is central to the international financial system.Schlegel was speaking in southern Switzerland.Reuters
6 hours ago
FOREX-Dollar firm as geopolitics heat up; investors await US inflation data
All eyes on inflation reports before Fed meeting next week Markets wagering on rate cut as labour market stumbles Investor unease at political flux across the globe By Amanda Cooper LONDON, Sept 10 (Reuters) - The dollar held steady on Wednesday ahead of U.S. inflation data this week that could h...Reuters
6 hours ago
Swiss National Bank to start publishing rate discussion summaries
VEZIA, Switzerland, Sept 10 (Reuters) - The Swiss National Bank on Wednesday said it will start issuing delayed summaries of its governing board's policy discussions to add clarity and credibility to its moves.The report will be published four weeks after each rate decision, starting with the ne...Reuters
7 hours ago
JPY: Markets assess political developments and BoJ outlook – Scotiabank
The Japanese Yen (JPY) is trading flat against the US Dollar (USD) and consolidating in an incredibly tight range as market participants await Friday’s industrial production data, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
7 hours ago
