Forex

The dollar rebounded slightly from a two-week low against major currencies during subdued holiday trading on Thursday, while the yen appeared set for its strongest weekly performance in nearly three months, fueled by growing expectations of a December rate hike in Japan. The yen weakened by 0.5% to 151.93 per…

China has criticized U.S. President-elect Donald Trump’s plans to impose additional tariffs on Chinesegoods as a response to fentanyl trafficking, accusing the incoming administration of shifting blamefor the U.S. opioid crisis. Trump, set to take office on January 20, announced his intention tointroduce a 10% tariff unless Beijing takes stronger…

“Bus number seven wasn’t running this morning,” wrote Olga Slatina on social media from Russia’s Sverdlovsk region in the Ural Mountains. “The dispatcher said it wouldn’t be available because there was no one to drive it.” While Slatina’s local bus driver in Kamensk Uralsk might have simply been out sick…

Bitcoin extended its rally on Thursday, building on an overnight rebound fueled by optimism over Donald Trump’s potential crypto-friendly policies as he prepares to take office. The cryptocurrency moved closer to the $100,000 milestone after recovering from last week’s failed attempt to breach the level, during which traders took profits.…

South Korea’s export growth likely slowed for the fourth consecutive month in November, reaching its weakest level in 14 months due to declining demand in the United States amid uncertainty over tariff policies, according to a Reuters poll on Thursday. Exports from Asia’s fourth-largest economy are projected to have increased…

Gold prices edged down in Asian trading on Thursday, weighed by persistent U.S. inflation and robust economic data that raised doubts about the extent of the Federal Reserve’s potential interest rate cuts. The yellow metal had already seen some declines earlier in the week, following reports of an Israel-Hezbollah ceasefire…

Barclays expects the Federal Reserve to implement another 25-basis-point rate cut in December, based on insights from the minutes of the November 6-7 Federal Open Market Committee (FOMC) meeting. In a note released Wednesday, the bank highlighted that the minutes reflect a Fed leaning toward gradual easing, with future moves…

JPMorgan Shifts Stance on Mexican and Brazilian Equities Amid Global and Domestic Challenges JPMorgan has upgraded Mexican equities to “overweight” from “neutral,” citing strong U.S. economic growth, while downgrading Brazilian equities to “neutral” from “overweight” due to slowing growth in China and potential headwinds from President-elect Donald Trump’s proposed tariff…

Dollar Retreats as Markets Await Key US Inflation Data The US dollar softened on Wednesday, consolidating against its major counterparts ahead of the release of a crucial US inflation figure later in the session. As of 04:45 ET (09:45 GMT), the Dollar Index, which measures the greenback against six other…

The world’s leading investment banks are set to achieve their highest revenue in five years from trading Israeli bonds and currency, fueled by heightened volatility from the ongoing 14-month Middle East conflict, according to data reviewed by Reuters. In 2024, banks are projected to generate $475 million in fixed-income, currencies,…