Canadian PM Justin Trudeau is likely to announce resignation – Reuters
Canadian Prime Minister Justin Trudeau is reportedly preparing to announce his resignation, according to sources cited by Reuters. While official confirmation remains pending, the news has sparked widespread speculation about the future of Canadian politics under his Liberal Party leadership. Trudeau, who has served as prime minister since 2015, has faced increasing challenges in recent […]
NZD/USD posts modest gains near 0.5650 on Trump tariff confusion
The NZD/USD pair gained modestly to trade near 0.5650 as markets digested mixed signals regarding U.S. tariff policies under President Donald Trump. Initial reports hinted at potential tariff reductions to ease inflation pressures, spurring risk-on sentiment. However, subsequent clarifications from U.S. officials dampened optimism, leaving traders uncertain about the administration’s direction. The currency pair’s rise […]
USD/JPY roils as markets look for signs of rate moves
The USD/JPY pair slipped on Monday as traders digested fresh signals from central banks, fueling speculation over potential rate adjustments in the U.S. and Japan. The yen, which has been under pressure for months, found brief support as investors recalibrated their expectations for the Bank of Japan’s monetary policy stance amid heightened volatility in global […]
PBOC sets USD/CNY reference rate at 7.1876 vs. 7.1878 previous
The People’s Bank of China (PBOC) has set the USD/CNY reference rate at 7.1876, a marginal adjustment from the previous rate of 7.1878. This marks a slight shift in the central bank’s approach as it continues to balance market stability with economic growth pressures. The move comes amid broader economic challenges, including weaker-than-expected recovery signals […]
Dollar holds near two-year high; yuan under threat
The U.S. dollar held close to a two-year high on Tuesday, bolstered by persistent demand as investors seek refuge from global economic uncertainties. Strengthened by the Federal Reserve’s hawkish stance and robust economic data, the greenback continues to dominate the currency market, placing pressure on its rivals. The Chinese yuan, meanwhile, faces mounting challenges as […]
EUR/USD remains subdued around 1.0300 ahead of preliminary German inflation
The EUR/USD pair continues to trade near the 1.0300 level as investors await Germany’s preliminary inflation data. Market participants are cautious, weighing the potential implications for the broader eurozone economy and monetary policy. Analysts expect the data to offer key insights into inflationary pressures, a focal point for the European Central Bank’s policy path. The […]
Fed’s Daly: Inflation remains above our target
Federal Reserve Bank of San Francisco President Mary Daly stated that inflation remains above the central bank’s target, emphasizing the ongoing challenge of achieving price stability. Speaking on recent economic data, Daly underlined the Fed’s commitment to controlling inflation while avoiding unnecessary disruptions to economic growth. Daly pointed out that while inflation has moderated, it […]
GBP/USD holds steady above 1.2400; upside potential seems limited amid bullish USD
The GBP/USD pair remains steady above the 1.2400 level, but its upside potential appears capped as the US dollar sustains its bullish momentum. While the pound finds some support from a weaker global risk sentiment, the greenback continues to dominate due to hawkish expectations surrounding the Federal Reserve’s policy outlook. Market participants remain cautious as […]
USD/JPY outlook: Bulls hold grip for further gains, BoJ intervention looms
The USD/JPY pair continued its upward trajectory as investors bet on the divergence between the Federal Reserve’s hawkish stance and the Bank of Japan’s dovish policies. The pair recently breached multi-month highs, fueled by robust U.S. economic data and a resilient dollar. Speculation is growing over the BoJ’s potential intervention, with officials signaling their readiness […]
Biden discussed plans to strike Iran nuclear facilities before Trump’s inauguration
In a revelation that could reshape discussions on U.S. foreign policy, President Joe Biden reportedly considered military action against Iran’s nuclear facilities before the 2017 inauguration of then-President Donald Trump. The discussions, alleged to have taken place during Biden’s tenure as vice president, highlight the Obama administration’s strategic concerns over Tehran’s advancing nuclear program in […]
