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FOREX-Safe-haven franc bounces as Iran war rages, dollar down after payrolls drop
Trump demands Iran's 'unconditional surrender,' dollar fallsTechnical factors help to knock dollar lower - analystDollar posts largest weekly gain since November 2024Euro logs biggest weekly drop since April 2024By Gertrude Chavez-Dreyfuss NEW YORK, March 6 (Reuters) - The safe-haven ...Reuters
15 hours ago
CANADA FX DEBT-Canadian dollar outperforms G10 peers as oil prices jump
Canadian dollar gains 0.7% against the greenbackPosts its strongest since February 12 at 1.3578Price of oil settles 12.2% higher at $90.90 a barrelCanada-U.S. 10-year spread narrows 4.9 basis pointsBy Fergal Smith TORONTO, March 6 (Reuters) - The commodity-linked Canadian dollar strengthened to a...Reuters
15 hours ago
South Africa central bank to redraft risk scenarios as Iran war boosts oil price
Middle East conflict raises oil prices, affecting South Africa's inflation outlookSouth African Reserve Bank to redraft risk scenarios for March 26 meetingRand's exchange rate impact on inflation more significant than oil price changes, Kganyago saysBy Karin Strohecker LONDON, March 6 (Re...Reuters
15 hours ago
South Africa's central bank will redraft adverse risk scenario for next rate-setting meeting
By Karin Strohecker LONDON, March 6 (Reuters) - South Africa's central bank will redraft its risk scenarios for its next rate-setting policy meeting as the widening Middle East conflict pushes up oil prices, the country's central bank governor told Reuters. The central bank is slated to d...Reuters
17 hours ago
Silver Price Forecast: XAG/USD range-bound as RSI holds near 50 and MACD flattens
Silver (XAG/USD) trades modestly higher on Friday as the US Dollar and Treasury yields ease following softer-than-expected US Nonfarm Payrolls (NFP) data. Despite the intraday bounce, the white metal remains on track for its first weekly decline in three weeks.
Fxstreet
18 hours ago
Australian central banker says US dollar remains a safe haven for investors
March 6 (Reuters) - A top Australian central banker said on Friday that the days of U.S. "exorbitant privilege" may be coming to an end, but the dollar's safe-haven rally this week after the Middle East war suggests any change will be glacial. Speaking at a policy forum in New York, Rese...Reuters
18 hours ago
Fed's Hammack says interest rates likely on hold for some time
By Michael S. DerbyNEW YORK, March 6 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said Friday she sees no imminent need to change the stance of monetary policy in an economy where inflation is still “too high.”Given the Fed’s need to balance “elevated” inflation and a “soften...Reuters
18 hours ago
FOREX-Safe-haven franc rises as Iran war drags on; dollar dips after US payrolls drop
Trump demands Iran's 'unconditional surrender'; dollar fallsTechnical bounce seen in other currencies vs dollar -analystDollar on track for largest weekly gain since November 2024Euro on pace for biggest weekly drop since September 2022By Gertrude Chavez-Dreyfuss NEW YORK, March 6 (Re...Reuters
18 hours ago
CANADA FX DEBT-Canadian dollar outperforms G10 peers as oil prices soar
Canadian dollar gains 0.5% against the greenbackPosts its strongest since February 13 at 1.3598Price of oil jumps 11% to $89.94 a barrelCanada-U.S. 10-year spread narrows 5 basis pointsBy Fergal Smith TORONTO, March 6 (Reuters) - The commodity-linked Canadian dollar strengthened to a three-week h...Reuters
19 hours ago
USD/JPY poised to test 158.00 despite weak US jobs data
The USD/JPY rises and challenges the 158.00 figure on Friday up over 0.20% after the latest employment report in the US revealed weakness in the labor market. Also, the Middle East conflict deteriorates market mood, maintaining the US Dollar bid during the week.
Fxstreet
21 hours ago
ANALYSIS-Investors cling to shock-absorber trades as Iran war brings economic visibility to zero
Crowded trades helping absorb shock of war for investorsStress indicators relatively contained for nowWar comes amid increased angst over financial stability risksBy Amanda Cooper LONDON, March 6 (Reuters) - Some of the most crowded trades of the past year are emerging as the key shock absorbers ...Reuters
22 hours ago
FOREX-US dollar holds gains after unexpected drop in February payrolls
By Gertrude Chavez-Dreyfuss NEW YORK, March 6 (Reuters) - The dollar held gains against major currencies on Friday, after data showed an unexpected decline in new jobs created in the world's largest economy last month, suggesting that the Federal Reserve could cut interest rates sooner than e...Reuters
22 hours ago
EXPLAINER-Why is the UK at high risk from Iran-fuelled energy price surge?
By Susanna Twidale, Andy Bruce and William SchombergLONDON, March 6 (Reuters) - Britain faces bigger risks from a jump in inflation driven by the conflict in the Middle East than many other European countries, just as the country's high rate of price growth seemed to be coming to an end.British ...Reuters
22 hours ago
CORRECTED-FOREX-US dollar cuts gains after unexpected drop in February payrolls
NEW YORK, March 6 (Reuters) - The dollar trimmed gains against major currencies on Friday after data showed an unexpected decline in new jobs created in the world's largest economy last month, suggesting that the Federal Reserve could cut interest rates sooner than expected.The U.S. economy lost...Reuters
23 hours ago
