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Showing posts with the label investing forex

Forex - Yen Gains as Huawei Charges Ramp up Trade Concerns - Investing.com UK

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© Reuters. Investing.com - The safe haven yen was higher against the U.S. dollar on Tuesday after U.S. authorities hit Chinese technology firm Huawei with criminal charges, ratcheting up trade tensions between the world’s two largest economies. The U.S. Department of Justice charged Huawei, its chief financial officer and two affiliates with bank and wire fraud to violate sanctions against Iran. Investors fear the charges could complicate high-level trade talks set to begin on Wednesday when China's Vice Premier Liu He will meet with U.S. Trade Representative Robert Lighthizer and others. Unless an agreement is reached by March 1, U.S. President Donald Trump has said he will raise tariffs on Chinese imports from 10% to 25%, a move which investors fear will exacerbate the global economic slowdown. "There is a much lesser chance now that we get anything positive out of these trade negotiations," said Nick Twidale, chief operating officer at Rakuten Securities. "...

FX Market Unfazed By Brexit Suspense; Aussie Rebounds - Investing.com

Forex - U.S. Dollar Rises as Sterling Struggles Ahead of Brexit Vote - Investing.com

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© Reuters. Investing.com - The greenback inched up on Tuesday, despite confidence among U.S. consumers falling to a one-and-a-half-year low in January. The Conference Board’s fell to its lowest level since July 2017, as the government shutdown decreased optimism. The , which measures the greenback’s strength against a basket of six major currencies, rose 0.09% to 95.507 as of 11:07 AM ET (16:07 GMT). “Shock events such as government shutdowns (i.e. 2013) tend to have sharp, but temporary, impacts on consumer confidence. Thus, it appears that this month’s decline is more the result of a temporary shock than a precursor to a significant slowdown in the coming months,” Lynn Franco, director of economic indicators at The Conference Board, said. Investors are looking ahead to the upcoming Federal Reserve on Wednesday, where the central bank is expected to adopt a more cautious stance on monetary policy amid fears of economic slowdown at home and abroad. Meanwhile, the pound slipped a...

Liquidity Tops FX Market Concerns in 2019: Survey | Investing News | US News - U.S. News & World Report

[unable to retrieve full-text content] Liquidity Tops FX Market Concerns in 2019: Survey | Investing News | US News    U.S. News & World Report LONDON (Reuters) - Liquidity, or the ability to buy and sell currencies whenever needed with minimal market impact, is seen by currency traders as the biggest ...

FOREX-Dollar dips as investors prepare for volatile markets, Fed meeting - Reuters

* Dollar marginally higher with Fed in view * Euro scales 10-day high * Investors prepare for U.S-China talks, Brexit vote * Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh (Updates prices) LONDON, Jan 28 (Reuters) - The euro climbed to a 10-day high on Monday as investors sold the dollar and prepared for volatile markets before U.S.-China trade talks and a Federal Reserve policy decision. Investors are focused on Wednesday’s Fed meeting when policymakers are expected to signal a pause in their tightening cycle and to acknowledge growing risks to the U.S. economy. That could weigh on the dollar, which has fallen 1 percent since late December, after enjoying a boost from the Fed’s four rate increases in 2018. On Monday, the dollar edged down against most major currencies. Traders are awaiting news from U.S.-China talks on Tuesday and Wednesday to see if the world’s largest economies can reach a compromise on trade. “Unless there is a breakdown in negotiations, we suspect the ...

Investors Blast Foreign Banks' Bid To Exit Forex Rigging Suit - Law360

By Darcy Reddan Law360 (January 29, 2019, 1:47 PM EST) -- Investors told a New York federal court on Monday that foreign banks including BNP Paribas and HSBC Bank PLC must face their litigation accusing them of manipulating the foreign exchange market,...

CANADA FX DEBT-C$ dips as investors turn attention to Fed rate decision - Reuters

(Adds strategist quotes and details on activity; updates prices) * Canadian dollar weakens 0.1 percent against the greenback * Price of U.S. oil rises 2.5 percent * Canadian bond prices rise across the yield curve By Fergal Smith TORONTO, Jan 29 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Tuesday despite higher oil prices, as investors kept their powder dry ahead of a Federal Reserve U.S. rate decision and Canada's monthly gross domestic product data this week. At 3:53 p.m. (2053 GMT), the Canadian dollar was trading 0.1 percent lower at 1.3281 to the greenback, or 75.30 U.S. cents. The currency, which on Monday touched its strongest intraday in more than two weeks at 1.3204, traded in a range of 1.3242 to 1.3285. "It's a lot noise and moves today are not really indicative of anything else," said Mazen Issa, senior FX strategist at TD Securities. "It's been a bit of a chop-fest, it'...