Singapore’s industrial output grew 4.5% in January, surpassing expectations. EUR/USD and GBP/USD rebounded, while Bitcoin fell.
Chile’s grid operator reports 25% power restoration after a nationwide outage, impacting copper operations, with full recovery expected soon.
EUR/USD declines to 1.0500 as US Dollar strengthens; Treasury yields rise, while Euro sentiment improves on Germany’s plans.
PBOC sets the USD/CNY reference rate at 7.2526, managing fluctuations within a floating exchange rate system.
USD/JPY rose to 149.30, but BoJ rate hike expectations and risk-off sentiment may limit further gains.
A major power outage hit Chile, disrupting cities, transport, and key copper mines, prompting emergency measures and curfews.
NZD/USD declines to 0.5720 as traders await New Zealand confidence data and monitor global trade tensions.
Bank of Korea cuts rates, prioritizing growth over inflation as deflation risks rise amid weak demand and trade disruptions.
EUR/USD rose 0.5%, surpassing 1.0500. Market eyes US GDP, inflation data. Resistance remains at 1.0650.
Bank of America expects steady interest rates until 2026, tightening financial conditions and potentially increasing recession risks.
