Author: FX

Treasury Secretary Scott Bessent warned in an interview with CNBC that the ongoing government shutdown could weigh on U.S. economic growth. Speaking on the second day of the closure, he noted that without a continuing resolution to fund operations, the economy risks a drag on GDP, overall growth, and working Americans.“We could see a hit to the GDP, a hit to growth and a hit to working America.”Although past shutdowns have generally shown little impact, Bessent cautioned that a prolonged one could cause more serious harm, particularly if President Trump follows through with suggestions of permanently dismissing large numbers of…

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund declares monthly distribution of $0.1200 Source link

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…

Exclusive-Armani approached potential buyers over stake sale, sources say Source link

It seems like the data is released about an hour earlier than intended as seen here. US-based employers announced 54,064 job cuts in September, which is a 26% mark down from the same month last year. So far this year though, the year-to-date total for layoffs amount to 946,426 job cuts and that is the highest year-to-date total since 2020. Compared to last year’s tally up until September, that figure is 55% higher and already 24% higher than the total number of job cuts for the entirety of 2024 which was 761,358.It is clear that labour market conditions are weakening…

European Central Bank (ECB) policymaker Martins Kazaks said on Thursday that “current interest rate level is very appropriate.”Additional quotesRates can stay where they are if no further shocks.Uncertainty remains very high.Must retain full freedom of action.Market reactionAt the press time, EUR/USD is up 0.20% on the day at 1.1754. Euro Price Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Canadian Dollar. USDEURGBPJPYCADAUDNZDCHFUSD-0.22%-0.18%-0.31%0.02%-0.06%-0.49%-0.19%EUR0.22%0.03%-0.10%0.23%0.15%-0.15%0.02%GBP0.18%-0.03%-0.12%0.16%0.14%-0.17%0.00%JPY0.31%0.10%0.12%0.32%0.25%-0.27%0.16%CAD-0.02%-0.23%-0.16%-0.32%-0.08%-0.35%-0.22%AUD0.06%-0.15%-0.14%-0.25%0.08%-0.37%-0.16%NZD0.49%0.15%0.17%0.27%0.35%0.37%0.34%CHF0.19%-0.02%-0.00%-0.16%0.22%0.16%-0.34% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked…

The US Dollar has reversed earlier gains against the Japanese Yen, and retreated below the 147.00 level on the European morning session, turning negative on daily charts and hitting session lows at 146.75 so far.The pair has come under increasing bearish pressure, with the US Dollar losing ground across the board. The Dollar remains vulnerable amid concerns about the consequences of the US government shutdown and weak labor figures, which have added pressure on the Fed to ease its monetary policy further.ADP private payroll’s data released on Wednesday showed a 32K decline in net employment in September, against market expectations…

The Pound Sterling (GBP) ticks up to near 1.3500 against the US Dollar (USD) during the European trading session on Thursday. The GBP/USD pair edges higher as the US Dollar (USD) remains on the backfoot, with the United States (US) job market slowing down and the government entering a shutdown.At the time of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades vulnerable near the weekly low around 97.50.On Wednesday, the US ADP Employment Change report showed that the private sector labor force witnessed a reduction of 32K employees in September. Economists had…

EUR/USD is trading with moderate gains, right above 1.1750 at the time of writing on Thursday, but still trapped within a tight range below 1.1760. Rising bets of back-to-back Federal Reserve (Fed ) interest rate cuts have offset the impact of an unexpected increase in the Eurozone’s unemployment rate. The Focus now is on the US Challenger Job Cuts.Data released by Eurostat earlier on Thursday revealed that the rate of unemployed workers in the countries sharing the Euro rose to 6.3% in August, up from July’s 6.2% and against market expectations of a seady 6.2% reading.The Euro, however, has remained…

The latest Bank of England (BoE) Decision Maker Panel (DMP) quarterly survey released on Thursday showed that “one-year ahead expected CPI inflation by the UK firms edged slightly higher to 3.5% in the quarter to September.”Key takeawaysThree-month average expectations show an expected rise of 3.4%, the most since February 2024.Expectations for three-years ahead, that is seen unchanged at 2.9% in the three months to September.Besides that, UK firms also reported that their realised annual own-price growth rose slightly to 3.8%, up 0.1% from August.As for the firms’ own-price inflation for the year ahead, that is seen at 3.7% – unchanged since July.Firms’ year-ahead…