By Karen Brettell and Amanda Cooper (Reuters) – The dollar held onto earlier losses on Thursday after Federal Reserve Chair Jerome Powell failed to offer any strong clues that the U.S. central bank was likely to pause rate cuts in the near-term, after a widely expected 25 basis point reduction. Traders also closed out some […]
In addition, Powell was what he always is: A dove. Closing changes: S&P 500 +0.7% Nasdaq Comp +1.5% DJIA flat Russell 2000 -0.2% Toronto TSX Comp +0.8% The market is convincing itself “he didn’t mean it” on tariffs and the strongest evidence for that was the 5% rally in China ETFs today. This article was […]
Investing.com — Citi strategists encouraged investors to “buy US dollar dips tactically” in the wake of Donald Trump’s win in the elections. The bank expects the greenback to see further upside, especially against the euro (EUR) and Scandinavian currencies (Scandies), citing the recent underperformance of these currencies. Despite the uncertainty surrounding the House’s outcome, strategists […]
Investing.com – The U.S. dollar retreated Thursday, giving up some of its hefty post election gains ahead of the latest Federal Reserve meeting, while sterling rose with the Bank of England policymakers also assembling. At 05:00 ET (10:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.2% […]
By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) – The period of low volatility that the Indian rupee has enjoyed may not last now that Donald Trump is poised to become U.S. president once again, bankers and advisors cautioned, urging companies to manage their forex risks more prudently and proactively. The rupee dropped to an […]
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By Jamie McGeever ORLANDO, Florida (Reuters) -Politics is often a major driver of exchange rates in emerging economies where elections, leaders and government policies can play a big role in shaping trade and investment flows. That’s not often the case for major currencies in markets with much deeper investment flows and liquidity – like the […]
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Donald Trump’s imminent return to the White House is putting a spotlight on the U.S. dollar, which could have far-reaching implications for everything from domestic manufacturers to emerging markets if the currency’s rally continues. The U.S. currency notched its biggest one-day gain against its peers in eight […]
Investing.com– Most Asian currencies steadied from recent losses on Thursday, while the dollar hovered around four-month highs after a Donald Trump victory in the presidential election. Focus was now on the conclusion of a Federal Reserve meeting later in the day, where the central bank is widely expected to cut interest rates. But its outlook […]
The slide for imports is not encouraging. The export pipeline looks like its swelling ahead of the US expected swinging tariffs. YTD figures are here from earlier: China January – October dollar denominated exports +5.1% y/y & imports +1.7% This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Atsushi Mimura, Japan’s Vice Finance Minister For International Affairs and top foreign exchange official, said on Thursday, he is “closely watching FX moves with a high sense of urgency.” He added that he is “ready to take appropriate actions for excess FX moves if necessary.” Market reaction USD/JPY eased off 154.72, its intraday high, losing 0.11% […]
