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Dollar crumbles after Trump remarks; euro, yen, sterling surge
brecorder66d ago

Dollar crumbles after Trump remarks; euro, yen, sterling surge

SINGAPORE: The US dollar was grappling with a “crisis of confidence” as it struggled near four-year lows on Wednesday after President Donald Trump brushed off its recent weakness, exacerbating the dollar selling and lifting the yen, euro and sterling.The euro breached past the $1.2 level for the first time since 2021 and was at $1.2015, a tad weaker on the day, while sterling was also near its highest level since 2021 at $1.3823 in early Asian hours.The dollar index , which measures the U.S. currency against six major rivals, was at 95.964 after dropping over 1% in the previous session when it hit a four-year low of 95.566.Trump said on Tuesday the value of the dollar was “great”, when asked whether he thought it had declined too much. Traders took his comments as a signal to sell the greenback aggressively.Trump’s comments were not exactly new, but they came at a time when the dollar has been under pressure as traders braced for a possible coordinated currency intervention by U.S. and Japanese authorities to stabilize the yen.The dollar tumbled over 9% in 2025 and has started the year on the back foot, already down about 2.3% in January as Trump’s erratic approach to trade and international diplomacy, fears over the Federal Reserve’s independence and huge increases in public spending rattled investors.“The weak dollar flies in the face of otherwise strong fundamentals. The U.S. economy remains exceptional and the dollar should be reflecting that,” said Rodda. “But because of Trump’s behaviour, it’s not.”Investors’ focus will be on the Federal Reserve’s policy decision later in the day, where the central bank is expected to stand pat in a pause that investors see lasting beyond U.S. central bank chief Jerome Powell’s final meetings in March and April.Yen’s reprieveThe frail Japanese yen got a further boost from the dollar selling and was at 152.60 per U.S. dollar after surging over 1% in the previous session. It was hovering near a three-month high on talk of the U.S. and Japan conducting rate checks - often seen as a precursor to official intervention.Japanese authorities said on Monday they have been in close coordination with the U.S. on foreign exchange, without providing further details.Investors remain unconvinced about the impact of an actual intervention, especially because Prime Minister Sanae Takaichi is basing her snap election campaign on expanded stimulus measures. Japan’s election is set for February 8.“I think they’ve done what they’ve done now. It will stay in this range. They’ve postponed the 160 by three months at least which is an achievement in itself,” said Vaibhav Loomba, head of FX and rates at financial services firm Klay Group.The Australian dollar rose to $0.70225, its highest level since February 2023 amid the broad dollar weakness and after data showed consumer price inflation rose at a faster annual pace in the December quarter, stoking expectations of a near-term rate hike from the Reserve Bank of Australia.

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Anta Sports to Become Largest Shareholder in Puma
menafn66d ago

Anta Sports to Become Largest Shareholder in Puma

(MENAFN) Anta Sports Products, China–s largest sportswear retailer, is set to acquire a 29% stake in the German brand Puma, positioning itself as the company–s largest shareholder. The iconic ...

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Delhi encounter: 3 Shastri Park murder accused arrested; accused shot in legs
toi66d ago

Delhi encounter: 3 Shastri Park murder accused arrested; accused shot in legs

Three individuals sought in a Shastri Park murder case were injured in a police encounter in Rohini on Tuesday. Acting on intelligence, a Crime Branch team intercepted the suspects. Police report the accused opened fire when challenged, leading to a brief exchange. All three sustained leg injuries and are hospitalized. Investigations continue to recover weapons.

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Ampoules Packaging Market Forecast to Reach USD 10.8 Billion by 2034
openpr66d ago

Ampoules Packaging Market Forecast to Reach USD 10.8 Billion by 2034

The global ampoules packaging market is on a significant upward trajectory, valued at approximately USD 5.1 billion in 2024 and projected to reach USD 10.8 billion by 2034, exhibiting a robust Compound Annual Growth Rate (CAGR) of 7.9%. While traditionally

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dawn66d ago

Social spending drops despite IMF pledge

ISLAMABAD: Despite higher allocations under the International Mon­etary Fund (IMF) compulsions, the government on Tuesday reported an actual 7.5 per cent decline in social protection spending but projected moderate inflation and economic momentum this year.“During July-November FY26, Rs144.9 billion was spent under Benazir Income Support Programme (BISP) against Rs156.7bn last year,” the Ministry of Finance said in its economic update and outlook for January.This is despite the fact that the government has committed to increasing unconditional cash transfers, the Kafaalat benefit from Rs13,500 to Rs14,500 to adjust for inflation, and to entail a structural benchmark for end-January 2026 under the IMF programme. The coverage for this programme has also to be expanded by 200,000 to 10.2m families by end of FY26.The ministry said the economy was well-positioned to sustain its growth momentum in FY26, supported by the encouraging performance of large-scale manufacturing (LSM) and other high-frequency indicators. The MoF claimed that this reflected the impact of prudent policies, ongoing structural reforms, and easing of monetary conditions due to subsiding inflationary pressures. “Inflation is expected to remain within the range of 5-6pc in January,” it said.On the external front, the current account would remain a deficit, the ministry said, hoping that robust remittance inflows and steady performance in IT and services exports would likely “cushion external pressures”.The improved fiscal management is also expected to continue supporting the macroeconomic stability, it added.It said the economy completed the first half of the current fiscal year with continued macroeconomic stability, as reflected in contained inflation, rebounding LSM growth, and strengthened foreign exchange reserves, with a stable exchange rate. The sustained growth momentum has been complemented by fiscal discipline, resulting in fiscal and primary surpluses. LSM has gained momentum, signalling improved growth prospects for the remaining period of the fiscal year.Remittances remained robust, supporting the external account. In parallel, the Pakistan Stock Market has maintained a strong rally, ranking among the world’s top-performing markets and reflecting improved investor sentiment.Building on these gains, the government has launched economic governance reforms to embed stability in institutions and enable sustainable, private-sector-led growth.Published in Dawn, January 28th, 2026

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Ethereum Surges 3% as Post-Quantum Security Upgrades Gain Momentum
platodata66d ago

Ethereum Surges 3% as Post-Quantum Security Upgrades Gain Momentum

Join Our Telegram channel to stay up to date on breaking news coverage Ethereum’s price surged 3% in the last 24 hours, climbing to $2,963, after investors responded positively to news that Ethereum is on track to become quantum-resistant, ensuring its blockchain remains secure even if powerful quantum computers appear in the future. Antonio Sanso, [...]

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South Dakota Bitcoin Bill Returns: Bold Legislation Proposes 10% State Investment in Cryptocurrency
bitcoinworld66d ago

South Dakota Bitcoin Bill Returns: Bold Legislation Proposes 10% State Investment in Cryptocurrency

BitcoinWorldSouth Dakota Bitcoin Bill Returns: Bold Legislation Proposes 10% State Investment in CryptocurrencyPIERRE, South Dakota – February 2025 marks a significant development in state-level cryptocurrency policy as Representative Logan Manhart reintroduces groundbreaking legislation that could transform how public funds are managed. The proposed South Dakota Bitcoin bill, designated HB 1155, would authorize the state’s investment council to allocate up to 10% of public funds into Bitcoin, creating [...]This post South Dakota Bitcoin Bill Returns: Bold Legislation Proposes 10% State Investment in Cryptocurrency first appeared on BitcoinWorld.

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benzinga66d ago

ITGR DEADLINE: ROSEN, LEADING TRIAL COUNSEL, Encourages Integer Holdings Corporation Investors to Secure Counsel Before Important February 9 Deadline in Securities Class Action - ITGR

NEW YORK, Jan. 27, 2026 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Integer Holdings Corporation (NYSE:ITGR) between July 25, 2024 and October 22, 2025, both dates inclusive (the "Class Period"), of the important February 9, 2026 lead plaintiff deadline.SO WHAT: If you purchased Integer common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.WHAT TO DO NEXT: To join the Integer class action, go to https://rosenlegal.com/submit-form/?case_id=49170 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email

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