News
Bank of Korea seen holding rates as next cut delayed to 2027 (poll)
1+ hour, 48+ min ago (545+ words) Bank of Korea (BoK) seen holding base rate at 2.50% on January 15 Won weakness and inflation risks limit easing scope Central bank signals end of easing cycle Seoul housing prices complicate policy outlook Next rate cut pushed back to 2027 South Korea's…...
UK consumer spending slumps in December as household caution deepens
2+ hour, 23+ min ago (420+ words) UK consumer spending fell sharply in December Barclays card data shows biggest drop since 2021 Retail sales growth slows to weakest pace since May Outlook hinges on inflation easing and BoE cuts UK consumers pulled back sharply on spending in December,…...
Japan’s Katayama warns on weak yen in talks with US Treasury, invokes Bessent's name
2+ hour, 45+ min ago (379+ words) Katayama raises concerns over weak yen with Washington Says one-sided FX moves unacceptable Confirms bilateral meeting with US Treasury's Bessent Officials signal tolerance for weakness is limited The yen strengthened after Finance Minister Katayama signalled renewed concern over the currency's…...
Gold and silver surge as Fed uncertainty ignites safe-haven demand
5+ hour, 45+ min ago (622+ words) Gold and silver are surging in dramatic fashion today, fueled by a powerful mix of political uncertainty, central-bank demand, and technical momentum. Gold is currently up $94, or 2.09%, at $4,603, while silver has jumped $5.15, or 6.44%, to $85.04. Both metals are on pace for…...
investingLive European markets wrap: Dollar slips, precious metals surge on Fed threats
13+ hour, 24+ min ago (424+ words) In any case, markets are already casting their vote early and quickly. And the bottom line is, the dollar and US stocks do not like it. The greenback suffered in European morning trade, though the larger moves came during Asia…...
EURUSD back near 1.17 as renewed worries on Fed independence weigh on the US Dollar
15+ hour, 47+ min ago (599+ words) The greenback weakened across the board today following the news of the US Department of Justice subpoenaing the Federal Reserve in an unprecedented move that escalates the ongoing conflict between President Trump and Fed Chair Powell for not lowering interest…...
The dollar isn't the only major currency having a bad day | investingLive
15+ hour, 48+ min ago (316+ words) The yen has its own issues, not least with a government that is locking horns with its own central bank on policy setting. And that has created a lot of disdain for the currency alongside fiscal concerns as Japan's mounting…...
The market is telling Trump to stop interfering with Federal Reserve independence
17+ hour, 5+ min ago (455+ words) The main news of the day today is the US Department of Justice subpoenaing the Federal Reserve in an unprecedented move that escalates the ongoing conflict between President Trump and Fed Chair Powell for not lowering interest rates faster. The…...
Dollar stays on the backfoot amid unease over Fed independence | investingLive
18+ hour, 41+ min ago (466+ words) Again, in case you missed the headlines from earlier in the day: It's another start of the week filled with more drama involving US president Trump's actions. A lively beginning to the 2026 year no doubt. So with just a couple…...
Fed rate cut calls get pushed back after the US jobs report on Friday | investingLive
19+ hour, 51+ min ago (421+ words) The December payrolls number was on the softer side but the unemployment rate dropped back a little to 4.4% (unrounded 4.375%). The latter seems to be enough to convince some market analysts that the labour market is at least holding up as…...