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In focus today Markets remain closely focused on President Trump's actions during this first week of his presidency. He is anticipated to issue several executive orders building on his current momentum, leading to US news continuing to dominate the headlines as markets and world leaders alike are le

Mexican Peso strengthens on news of a postponed tariff plan by the incoming Trump administration. The upcoming US-Mexico border emergency declaration could reintroduce tension, impacting Peso's trajectory. Banxico's Deputy Governor Heath suggests a dovish inflation stance, manageable without excessi

The Canadian Dollar (CAD) has drifted steadily lower since testing the 1.43 area mid-week. The USD is still trading slightly lower on the week, however, adding to last week’s small net loss despite obvious risks to the CAD, Scotiabank's Chief FX Strategist Shaun Osborne notes. Spot is back to pivoti

Climate-related natural disasters are driving up insurance costs for homeowners in the most-affected regions, according to a Treasury Department report released Thursday. In a voluminous study covering 2018-22 and including some data beyond that, the department found that there were 84 disasters cos

Gold rallies as U.S. Treasury yields dip after rising unemployment claims and strong consumer spending. Retail sales up 0.4% MoM in December, November's figures revised up to 0.8%. Expectations for 2025 Fed rate cuts grow, with two reductions anticipated by year-end. Gold soared after economic data

Euro (EUR) is expected to consolidate in a 1.0255/1.0345 range. In the longer run, EUR has entered a range trading phase; it is likely to trade between 1.0220 and 1.0400 for the time being, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. EUR has entered a range trading phase24-HOUR VIEW

Prices that consumers pay for a variety of goods and services rose again in December but closed out 2024 with some mildly better news on inflation, particularly on housing. The consumer price index increased a seasonally adjusted 0.4% on the month, putting the 12-month inflation rate at 2.9%, the Bu