EUR/USD
1.19128
0.771%
Gold
5069.07
2.338%
Oil
64.221
1.453%
USD/JPY
155.905
-0.758%
GBP/USD
1.36935
0.553%
GBP/JPY
213.493
-0.208%
Real-time News
Federal Reserves Bostic: Im starting to see people questioning their confidence in the dollar.February 10th - Mexicos decision to halt all oil shipments to Cuba has dealt a heavy blow to the fuel-poor nation, marking its first month without oil imports in a decade. Mexican President Sinbaum confirmed on Monday that oil shipments have been "suspended" due to Trumps threat to impose tariffs on any country selling or supplying oil to Cuba. Because Cuba is not disclosing relevant information, it is currently difficult to estimate how long the supply of motor vehicle fuel can be sustained. In a rare statement in 2024, a government official indicated that the island nation of approximately 10 million people needs about 8,200 barrels of gasoline per day, but under sanctions and blockades, this demand can barely be met.February 10th - According to the Daily Telegraph, investors are significantly reducing their positions in UK bonds as the City of London prepares for a potential Labour leadership shift. Mizuho Securities stated that it has lost "confidence" in UK government bonds due to a clear indication of brewing uncertainty surrounding a new leadership. Matt Amis, Chief Investment Officer at Aberdeen Asset Management, said the asset management giant has also reduced its exposure due to concerns that any successor to Sir Keir Starmer could lead to a policy shift to the left. On Monday, borrowing costs for 10-year government bonds surged to 4.6% after Scottish Labour leader Anas Sarwar called for the Prime Ministers resignation. While yields fell back to around 4.53% after cabinet members publicly expressed their support for the Prime Minister, borrowing costs remained high throughout the day.Federal Reserve Governor Milan: It makes sense to use the Federal Reserves balance sheet during difficult times.Bank of England Monetary Policy Committee member Mann: Brexit continues to drag down the UK economy, with concerns about slow growth in consumption and productivity.
