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BoJ likely to raise rates as early as May if Shunto wage talk results as strong as 2024
BoJ likely to raise rates as early as May if Shunto wage talk results as strong as 2024
BoJ forecast of a hike in May and October in 2025 and an additional hike in 2026.
BOJ
JPY
NZD/USD advances to two-month peak, around mid-0.5700s amid weaker USD
NZD/USD advances to two-month peak, around mid-0.5700s amid weaker USD
The NZD/USD pair attracts buyers for the third successive day on Monday and climbs to a two-month peak, around the 0.5750 area during the Asian session amid the prevalent US Dollar (USD) selling bias.
NZDUSD
TradeWar
Fed
RBNZ
Currencies
WTI holds steady above $70.50, eyes on Russia-Ukraine peace deal
WTI holds steady above $70.50, eyes on Russia-Ukraine peace deal
West Texas Intermediate (WTI) Oil price rebounds from losses in the previous session, trading around $70.60 per barrel during Monday’s Asian hours.
Oil
WTI
Macroeconomics
Commodities
Japan’s Hayashi: Will respond carefully to potential impacts of Trump’s tariffs
Japan’s Hayashi: Will respond carefully to potential impacts of Trump’s tariffs
Japanese Chief Cabinet Secretary Yoshimasa Hayashi noted on Monday that “Japan faces significant challenges if its companies become targets amid US President Donald Trump's policies; the government will respond carefully to potential impacts.” Additional quotes Exports, particularly in services, demonstrated growth, counterbalancing the decline in domestic demand, while the year's value rose by 2.9% year-on-year, exceeding 609.3 trillion yen for the first time.
Japan
USDJPY
TradeWar
GDP
Japanese Yen sticks to strong GDP-inspired gains; USD/JPY hangs near one-week low
Japanese Yen sticks to strong GDP-inspired gains; USD/JPY hangs near one-week low
The Japanese Yen (JPY) strengthened across the board following the release of a strong Gross Domestic Product (GDP) report, which showed that Japan’s economic growth blew past expectations in the fourth quarter.
USDJPY
GDP
BOJ
TradeWar
SEO
USD/INR strengthens as traders await Indian Trade Balance, US tariff details
USD/INR strengthens as traders await Indian Trade Balance, US tariff details
The Indian Rupee (INR) weakens on Monday, snapping the two-day winning streak.
USDINR
India
SEO
Macroeconomics
EmergingMarkets
PBOC Governor Pan: Will continue to let the market play a decisive role in deciding the Yuan exchange rate
PBOC Governor Pan: Will continue to let the market play a decisive role in deciding the Yuan exchange rate
Speaking at the AlUla Conference for Emerging Market Economies in Saudi Arabia on Sunday, People's Bank of China (PBOC) Governor Pan Gongsheng said that the central bank “will continue to let the market play a decisive role in deciding the Yuan exchange rate.” Additional quotes Emphasized that a stable yuan is crucial for global financial and economic stability.
PBOC
CentralBanks
AUDUSD
PBOC gov on Sunday - market will continue decisive role in deciding the yuan exchange rate
PBOC gov on Sunday - market will continue decisive role in deciding the yuan exchange rate
People's Bank of China governor Pan Gongsheng
CNY
China Stock Market
China
CNH
pboc
US’ NEC Director Hasset: Having regular meetings with Fed Chair Jerome Powell
US’ NEC Director Hasset: Having regular meetings with Fed Chair Jerome Powell
Kevin Hassett, Director of the US National Economic Council (NEC), revealed in an interview with CBS' Face The Nation early Monday he is having regular meetings with Federal Reserve (Fed) Chairman Jerome Powell.
UnitedStates
Fed
DollarIndex
Macroeconomics
Australian Dollar rises amid risk-on mood, attention turns to upcoming RBA decision
Australian Dollar rises amid risk-on mood, attention turns to upcoming RBA decision
The Australian Dollar (AUD) continues its upward momentum against the US Dollar (USD) for the third straight day on Monday, supported by US President Donald Trump's decision to delay the implementation of reciprocal tariffs.
AUDUSD
SEO
Majors
Macroeconomics
Australia
PBOC sets USD/ CNY reference rate for today at 7.1702 (vs. estimate at 7.2617)
PBOC sets USD/ CNY reference rate for today at 7.1702 (vs. estimate at 7.2617)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
PBOC sets USD/CNY reference rate at 7.1702 vs. 7.1706 previous
PBOC sets USD/CNY reference rate at 7.1702 vs. 7.1706 previous
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1702 as compared to Friday's fix of 7.1706 and 7.2617 Reuters estimates.
USDCNY
PBOC
CentralBanks
Currencies
GBP/USD holds positive ground above 1.2550 on weaker US Retail Sales data
GBP/USD holds positive ground above 1.2550 on weaker US Retail Sales data
The GBP/USD pair trades with mild gains near 1.2585 during the early Asian session on Monday.
GBPUSD
Majors
Macroeconomics
USD/CAD struggles to build on modest bounce from two-month low, remains below 1.4200
USD/CAD struggles to build on modest bounce from two-month low, remains below 1.4200
The USD/CAD pair kicks off the new week on a positive note and reverses a major part of Friday's slide to mid-1.4100s, or its lowest level since December 12.
USDCAD
TradeWar
BOC
Fed
Currencies
EUR/USD trades below 1.0500 after pausing winning streak
EUR/USD trades below 1.0500 after pausing winning streak
EUR/USD halts its four-day winning streak, hovering around 1.0490 during Asian trading hours.
EURUSD
Majors
Macroeconomics
Eurozone
PBOC is expected to set the USD/CNY reference rate at 7.2617 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.2617 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
HSBC: ECB's Dovish Signals and Market Implications
HSBC: ECB's Dovish Signals and Market Implications
Further cuts still to come from the European Central Bank
ECB
EUR
On Monday, February 17, 2025, all major U.S. financial markets will be closed
On Monday, February 17, 2025, all major U.S. financial markets will be closed
Presidents' Day holidays for bonds, NYSE/NASDAQ, CME included
Bonds
SPX
Nasdaq
USD
AUD/USD holds below 0.6350 ahead of RBA rate decision
AUD/USD holds below 0.6350 ahead of RBA rate decision
The AUD/USD pair weakens to near 0.6345 during the early Asian session on Monday.
AUDUSD
Majors
Macroeconomics
BoA survey shows the US dollar is expected to top out in Q1 2025
BoA survey shows the US dollar is expected to top out in Q1 2025
February survey re FX and interest rate sentiment from Bank of America
NZIER RBNZ Shadow Board recommends OCR cut by 50bp on February 19
NZIER RBNZ Shadow Board recommends OCR cut by 50bp on February 19
Reserve Bank of New Zealand meet mid-week, a 50bp rate cut is widely expected
RBNZ
NZD
Economic calendar in Asia 17 February 2025 - Japan Q4 GDP the focus
Economic calendar in Asia 17 February 2025 - Japan Q4 GDP the focus
Japanese Q4 GDP is expected to show an impact from wage growth
Monday morning open levels - indicative forex prices - 17 February 2025
Monday morning open levels - indicative forex prices - 17 February 2025
Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week.
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