EUR/USD
1.03704
-0.122%
Gold
2865.83
0.359%
Oil
70.893
0.792%
USD/JPY
152.064
0.405%
GBP/USD
1.24454
0.086%
GBP/JPY
189.252
0.537%
Real-time News
On February 7, according to the British Daily Telegraph, some NATO countries discussed deploying troops to Greenland in response to Trumps threat to use US troops to occupy the Danish island. Diplomatic sources said that Germany and dozens of other European allies have held informal talks to discuss "what NATO troops will do" if Trump makes good on his threat. Some even questioned whether NATOs mutual defense clause "Article 5" could be invoked in the event of a US invasion of a NATO member state. However, some criticized Germanys proposal. A NATO diplomat said: "Berlin does not want to send troops to Ukraine because the situation is unclear, but it has publicly stated that it will send NATO troops to Greenland."February 7, Barclays still expects the Reserve Bank of India to cut interest rates again in April, noting that the February decision was consistent, while expecting low economic growth in the near term and inflation to be close to the target. The focus of the Reserve Bank of India appears to have shifted to supporting growth, emphasizing that continued disinflation and slowing growth provide room for less restrictive policies. Barclays said this is in stark contrast to the central banks statement in December last year, which emphasized inflation risks and said that the foundation of growth comes from price stability. The bank expects the policy repurchase rate to fall to 5.5% by March 2026 from the current 6.25%.On February 7, economists at the European Central Bank said that the neutral interest rate could be between 1.75% and 2.25%. This means that the deposit rate could be cut twice more, by 25 basis points each, to reach the upper limit of the neutral interest rate range. The ECBs deposit rate is currently 2.75%. Investors and most analysts believe that the interest rate will stabilize at the middle point of the 2% range. The concept of a neutral interest rate may help determine when to end rate cuts. However, researchers warned against over-reliance on the neutral interest rate. While this estimate "provides additional information for monetary policy decisions and helps communicate the monetary policy stance, they cannot be regarded as a mechanical indicator of appropriate monetary policy at any point in time," economists wrote.Spokesperson for the British Prime Minister: We support the independence of the International Criminal Court and have no plans to impose sanctions on court officials.The intraday gain of USD/JPY expanded to 0.50% and is now at 152.21.
