Fx news today
Here are the latest news and updates from the financial markets:
Currency Markets:
- The US dollar is trading mixed against major currencies, with the EUR/USD pair hovering around 1.1300.
- The British pound is under pressure after the UK's Office for National Statistics reported a larger-than-expected trade deficit in January.
- The Japanese yen is strengthening against the US dollar, with the USD/JPY pair falling to 110.50.
Commodity Markets:
- Oil prices are rising, with Brent crude up 1.5% to $63.50 per barrel, and WTI crude up 1.2% to $59.50 per barrel.
- Gold prices are steady, with the spot price holding around $1,320 per ounce.
- Copper prices are falling, with the spot price down 0.5% to $2.65 per pound.
Stock Markets:
- The S&P 500 index is trading flat, with the Dow Jones Industrial Average up 0.1% to 32,800.
- The Nasdaq composite index is down 0.2% to 12,400.
- The European Stoxx 600 index is up 0.2% to 430.
Economic Data:
- The US Commerce Department reported that the US trade deficit widened to $48.9 billion in January, exceeding expectations.
- The UK's Office for National Statistics reported a larger-than-expected trade deficit in January, with the deficit widening to £13.1 billion.
- The European Central Bank (ECB) will release its latest monetary policy decision later today, with expectations of no changes to interest rates.
Company News:
- Tesla (TSLA) shares are up 2.5% after the company reported a surprise profit in the fourth quarter.
- Amazon (AMZN) shares are down 1.5% after the company reported a decline in fourth-quarter profits.
- Johnson & Johnson (JNJ) shares are up 2.2% after the company reported strong fourth-quarter earnings.
Central Bank News:
- The European Central Bank (ECB) will release its latest monetary policy decision later today, with expectations of no changes to interest rates.
- The Bank of England (BoE) will release its latest inflation report later this week, with expectations of a slight increase in inflation.
Please note that the information provided is subject to change and may not be up to date. It is always a good idea to check with a reliable financial source for the most current information.