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USD/CAD moves below 1.4350 as Trump asks Fed to cut interest rates
USD/CAD moves below 1.4350 as Trump asks Fed to cut interest rates
USD/CAD extends its losses for the second consecutive day, trading around 1.4330 during the early European hours on Friday.
USDCAD
Macroeconomics
Canada
Oil
Eurostoxx futures +0.4% in early European trading
Eurostoxx futures +0.4% in early European trading
The positive mood carries on in the equities space
Stocks
BOJ governor Ueda: There is still a long way to go in reaching neutral rate
BOJ governor Ueda: There is still a long way to go in reaching neutral rate
Remarks by BOJ governor, Kazuo Ueda, in his press conference
USD/CHF remains on the defensive below 0.9050, US PMI data in focus
USD/CHF remains on the defensive below 0.9050, US PMI data in focus
The USD/CHF pair remains on the defensive around 0.9045 during the early European session on Friday, pressured by the weaker US Dollar (USD) broadly.
USDCHF
Macroeconomics
Majors
Heads up: BOJ governor Ueda press conference coming up
Heads up: BOJ governor Ueda press conference coming up
We should start to see the headlines in about 5 minutes from now
Onshore yuan posts strong rally as Trump tariff fears abate
Onshore yuan posts strong rally as Trump tariff fears abate
USD/CNY is down to its lowest since the end of November, now falling below 7.24
EUR/USD attracts some buyers to near 1.0450 ahead of Eurozone, US PMI data
EUR/USD attracts some buyers to near 1.0450 ahead of Eurozone, US PMI data
The EUR/USD pair attracts some buyers to 1.0450 during the early Asian session on Friday, bolstered by the weakening of the US Dollar (USD).
EURUSD
Majors
Macroeconomics
FX option expiries for Jan 24 NY cut
FX option expiries for Jan 24 NY cut
FX option expiries for Jan 24 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
The dollar has lost its Trump card
The dollar has lost its Trump card
But did the greenback ever really held it in the first place?
USD/CNH drops to near 7.2500 following Trump’s optimism on China, PBoC measures
USD/CNH drops to near 7.2500 following Trump’s optimism on China, PBoC measures
USD/CNH, representing the US Dollar (USD) against the offshore Chinese Yuan (CNH), breaks its three-day losing streak, trading around 7.2510 during the Asian session on Friday.
USDCNH
China
Macroeconomics
PBOC
ForexLive Asia-Pacific FX news wrap: USD slammed by Trump, then by the BoJ rate hike
ForexLive Asia-Pacific FX news wrap: USD slammed by Trump, then by the BoJ rate hike
Forex news for Asian trading on Friday 24 January 2025
Session wrap
Wrap Asia
In 2024, China’s central bank expanded its gold reserves by 44.17 tons
In 2024, China’s central bank expanded its gold reserves by 44.17 tons
Now holds the sixth largest stash of gold globally
Gold
pboc
Bank of Japan hikes rates - as widely expected
Bank of Japan hikes rates - as widely expected
BoJ benchmark rate +25 bp to 0.5%, the highest since 2008 and the biggest rate hike since February 2007
BOJ
JPY
More on Trump saying he would rather not use tariffs against China
More on Trump saying he would rather not use tariffs against China
Trump says he could reach trade deal with China, calls talk with Xi 'friendly'
Politics
China
GBP/USD rises to near 1.2400 as Trump asks Fed for rate cuts
GBP/USD rises to near 1.2400 as Trump asks Fed for rate cuts
GBP/USD extends its gains for the second successive day, trading around 1.2400 during the Asian hours on Friday.
GBPUSD
Macroeconomics
Majors
UnitedKingdom
BOE
USD/INR declines after mixed Indian PMI data
USD/INR declines after mixed Indian PMI data
The Indian Rupee (INR) loses ground, snapping the two-day winning streak on Friday.
USDINR
SEO
India
Macroeconomics
EmergingMarkets
NZD/USD holds below 0.5700 on Trump’s tariff plans, dovish RBNZ bets
NZD/USD holds below 0.5700 on Trump’s tariff plans, dovish RBNZ bets
The NZD/USD pair trades in negative territory around 0.5675 during the early Asian session on Friday.
NZDUSD
Majors
Macroeconomics
PBOC sets USD/ CNY reference rate for today at 7.1705 (vs. estimate at 7.2779)
PBOC sets USD/ CNY reference rate for today at 7.1705 (vs. estimate at 7.2779)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
UK data - GfK Consumer Confidence dropped to its lowest level in over a year
UK data - GfK Consumer Confidence dropped to its lowest level in over a year
GfK Consumer Confidence data for January 2024: -22 (expected -18, prior -17)
Japan’s National CPI climbs 3.6% YoY in December, Core CPI rises as expected
Japan’s National CPI climbs 3.6% YoY in December, Core CPI rises as expected
Japan’s National Consumer Price Index (CPI) climbed 3.6% YoY in December, compared to the previous reading of 2.9%, according to the latest data released by the Japan Statistics Bureau on Friday.
Japan
CPI
Inflation
Macroeconomics
PBOC is expected to set the USD/CNY reference rate at 7.2779 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.2779 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
WTI tumbles to near $74.00 as Trump urges OPEC to cut oil cost
WTI tumbles to near $74.00 as Trump urges OPEC to cut oil cost
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $74.10 on Friday.
Oil
WTI
Commodities
Macroeconomics
Shanghai plans to bypass China's tight firewall - trying to attract foreign investment
Shanghai plans to bypass China's tight firewall - trying to attract foreign investment
South China Morning Post with the report
CNY
China Stock Market
China
CNH
EUR/USD continues sideways grind as markets look for a spark
EUR/USD continues sideways grind as markets look for a spark
EUR/USD flatlined on Thursday, cycling near the 1.0400 handle as investors grind through a largely unremarkable week despite a strong start on Monday.
EURUSD
PMI
Currencies
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