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Reuters - 3 hours ago

Yen wobbles, vulnerable to political reverberations

FOREX-Yen wobbles, vulnerable to political reverberations By Rae Wee SINGAPORE, Oct 25 (Reuters) - The yen languished near a three-month trough on Friday and was headed for a fourth straight weekly loss, ahead of an election in Japan over the weekend that is likely to complicate the Bank of Japan's (BOJ) policy normalisation plans. In the broader market, the dollar retreated from its recent highs as it tracked U.S.

Reuters - 8 hours ago

Global shares edge higher, US yields fall as strong earnings allay election worries

GLOBAL MARKETS-Global shares edge higher, US yields fall as strong earnings allay election worries S&P 500 and Nasdaq finish higher Crude prices settle lower Sentiment helped by earnings reports Benchmark 10-year US yields retreat Dollar slips, gold rises Updates prices with U.S. market close, adds new analyst quote and oil and gold settlement By Chibuike Oguh NEW YORK, Oct 24 (Reuters) - Global shares edged higher in choppy trading on Thursday, snapping three straight sessions of losses, while

Reuters - 9 hours ago

Euro, yen climb as dollar rally takes a breather

FOREX-Euro, yen climb as dollar rally takes a breather Euro and yen strengthen as dollar pauses after rally Fed and ECB rate cut expectations diverge U.S. jobless claims fall, supporting slower Fed rate cuts ECB policymakers suggest gradual rate cuts amid inflation concerns BOJ Governor Ueda links yen fall to U.S. economic optimism Updated at 2:40 p.m.

Reuters - 9 hours ago

US recap: EUR/USD trims weekly drop amid dollar setback

BUZZ-COMMENT-US recap: EUR/USD trims weekly drop amid dollar setback Oct 24 (Reuters) - The dollar pared broad weekly gains on Thursday as falling Treasury yields and lower oil weighed on the greenback. In U.S. data, jobless claims unexpectedly fell last week and the flash U.S. Composite PMI for October improved to 54.3 with businesses raising prices at the slowest pace in nearly 4-1/2 years.

Reuters - 11 hours ago

Global shares flat, US yields fall as strong earnings allay election worries

GLOBAL MARKETS-Global shares flat, US yields fall as strong earnings allay election worries S&P 500 and Nasdaq trade higher European shares gain Sentiment helped by earnings reports Benchmark 10-year US yields retreat Dollar slips, gold rises Updates prices throughout, recasts first paragraph, adds background in paragraphs 9-16 By Chibuike Oguh NEW YORK, Oct 24 (Reuters) - Global shares were flat in choppy trading on Thursday, while U.S.

Reuters - 12 hours ago

Bulls kept at bay with shallow bounce

BUZZ-GBP/USD-Bulls kept at bay with shallow bounce GBP bounce peters out during U.S. session. Anchored at 100DMA Shallow bid emphasises preference to fade upside U.S. PMIs beat f/c while UK PMIs soften BoE's Mann remains hawkish. Limited GBP impact. nL8N3M0269 Resistance: 1.2966 (100-day MA), 1.3000-10 (200-hour MA), 1.3050 Support: 1.2908 (weekly low), 1.2802 (200-day MA) COMMENT-Conviction lacking as sterling stumbles nL1N3M012Q For more click on FXBUZ GBPUSD daily chart today https://tmsnrt.r

Reuters - 12 hours ago

Conviction lacking as sterling stumbles

BUZZ-COMMENT-Conviction lacking as sterling stumbles Oct 24 (Reuters) - Cable enjoyed a modest bounce on Thursday in large part due to the dollar giving back some of its gains, though, with the U.S. election fast approaching, conviction is somewhat lacking and as a result, this latest reprieve in sterling has petered out ahead of the 1.30 handle. Softer UK PMIs sparked minimal fanfare.

Reuters - 12 hours ago

Euro, yen climb as dollar rally pauses

FOREX-Euro, yen climb as dollar rally pauses U.S. jobless claims fall, supporting slower Fed rate cuts ECB policymakers suggest gradual rate cuts amid inflation concerns Japanese yen rises as Finance Minister warns against currency speculation Updated at 11:15 a.m. ET/1515 GMT By Chuck Mikolajczak NEW YORK, Oct 24 (Reuters) - The euro and Japanese yen rose on Thursday as the U .S.

Reuters - 17 hours ago

Euro, yen bounce as dollar stalls near three-month highs

FOREX-Euro, yen bounce as dollar stalls near three-month highs Euro zone business activity contracts again in October Robust US data, hawkish Fed comments have supported dollar Yen gets respite as Japan finmin warns against rapid moves US and Japanese elections cloud outlook for dollar-yen Updates at 1125 GMT By Kevin Buckland and Medha Singh TOKYO/LONDON, Oct 24 (Reuters) - The euro and Japanese yen climbed from recent lows on Thursday, while the U .S.

Reuters - 17 hours ago

Stocks and US futures rebound as dollar slips

GLOBAL MARKETS-Stocks and US futures rebound as dollar slips European shares and U.S. futures rise Sentiment helped by earnings reports Dollar slips after hitting three-month high Updates prices at 1110 GMT By Harry Robertson and Stella Qiu LONDON/SYDNEY, Oct 24 (Reuters) - European shares and U.S. stock futures rallied on Thursday after equity markets suffered a sell-off the previous day, while the dollar slipped as the euro, yen and pound perked up.

Reuters - 18 hours ago

Sterling rises after report stokes slower BoE rate cut view

Sterling rises after report stokes slower BoE rate cut view By Medha Singh LONDON, Oct. 24 (Reuters) - Sterling firmed against the dollar and the euro on Thursday, alongside a rise in British government bond yields, as investors assessed the outlook for the Bank of England's monetary policy. The pound firmed 0.4% to $1.29695 against the dollar, not far from the $1.30 mark after sliding to the lowest since mid-August in the previous session.

Reuters - 18 hours ago

BOJ may get a lot less bang for their bucks

BUZZ-COMMENT-BOJ may get a lot less bang for their bucks Oct 24 (Reuters) - Should Japan's central bank intervene to support the yen it may have to sell far more dollars to achieve the same results as in prior moves. The law of diminishing returns has clearly applied to the process of intervention to support the yen, with the record size of dollar sales in 2022 far exceeded by those this year which had much less effect.

Reuters - 19 hours ago

European stocks and U.S. futures rebound as dollar slips

GLOBAL MARKETS-European stocks and U.S. futures rebound as dollar slips European shares and U.S. futures rise Sentiment helped by earnings reports Dollar slips after hitting three-month high Updates at 0915 GMT By Harry Robertson and Stella Qiu LONDON/SYDNEY, Oct 24 (Reuters) - European shares and U.S. stock futures rallied on Thursday after equity markets suffered a sell-off the previous day, while the dollar slipped as the euro, yen and pound perked up.

Reuters - 19 hours ago

Will BoE cut in Dec as well as Nov? GBP wants to know

BUZZ-COMMENT-Will BoE cut in Dec as well as Nov? GBP wants to know Oct 24 (Reuters) - To cut or not to cut interest rates in December as well as November? That is the question for the Bank of England's Monetary Policy Committee, to which sterling would like an answer. Back-to-back BoE rate cuts could weigh on GBP/USD, especially if the Federal Reserve opts to skip a cut in November or December, with 1.28 and 1.25 among bear targets.

Reuters - 19 hours ago

Euro, yen bounce as dollar stalls near three-month highs

FOREX-Euro, yen bounce as dollar stalls near three-month highs Euro zone business activity contracts again in October Robust US data, hawkish Fed comments have supported dollar Yen gets respite as Japan finmin warns against rapid moves US and Japanese elections cloud outlook for dollar-yen Updates at 0827 GMT By Kevin Buckland and Medha Singh TOKYO/LONDON, Oct 24 (Reuters) - The U.S.

Reuters - 21 hours ago

There's little to stop dollar rising

BUZZ-COMMENT-There's little to stop dollar rising Oct 23 (Reuters) - In 2022 the dollar's rally came to an abrupt halt due to the overcrowding of bets on its rise and investments in the U.S. currency. Following a lengthy correction and a purge of those bets and investments there is now little to stop a dollar rise that looks increasingly likely. When the dollar peaked in 2022 it was also overbought, yet the resulting correction of these extreme conditions proved to be modest - just 23.6% of the

Reuters - 23 hours ago

Dollar stands tall on bets for slower Fed cuts, potential Trump win

FOREX-Dollar stands tall on bets for slower Fed cuts, potential Trump win Robust US data, hawkish Fed comments have supported dollar Yen gets respite as Japan finmin warns against rapid moves US and Japan elections cloud outlook for dollar-yen pair Updates prices at 0437 GMT By Kevin Buckland TOKYO, Oct 24 (Reuters) - The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace of interest rate cuts by the Federal Reserve and g

Reuters - 1 day ago

Dollar stands tall on bets for slower Fed cuts, potential Trump win

FOREX-Dollar stands tall on bets for slower Fed cuts, potential Trump win By Kevin Buckland TOKYO, Oct 24 (Reuters) - The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency.

Reuters - 1 day ago

Dollar continues rally, hits 3-month high vs yen

FOREX-Dollar continues rally, hits 3-month high vs yen Dollar tops 153 vs yen Bank of Canada cuts rates by 50 bps, as expected Fed's Beige Book shows little change in economic activity Updated at 3:05 pm ET/1905 GMT By Chuck Mikolajczak NEW YORK, Oct 23 (Reuters) - The dollar climbed above 153 against the yen for the first time in nearly three months on Wednesday on U.S.

Reuters - 1 day ago

US recap: EUR/USD down as dollar shines

BUZZ-COMMENT-US recap: EUR/USD down as dollar shines Oct 23 (Reuters) - The dollar index rallied on Wednesday for the 16th time in the last 18 sessions, helped by a rise in Treasury yields and an increase in equity market volatility. The U.S. 10-year note yield hit a 3-month high before paring gains after the Fed Beige Book showed U.S. economic activity was little changed from September through early October.

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