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Currency market rocked by tariff, DeepSeek concerns - REUTERS

JANUARY 28, 2025

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Summary

  • Trump's tariff threats boost dollar, hit euro
  • Markets remain on edge after DeepSeek's AI launch
  • Federal Reserve begins two-day rate-setting meeting
  • Yen gives up some of Monday's safe-haven gains

TOKYO/GDANSK, Jan 28 (Reuters) - The dollar firmed against major currencies on Tuesday on new U.S. tariff threats, giving traders little time to catch their breath after Monday's big risk-off moves sparked by the emergence of a low-cost Chinese artificial intelligence model.
Any market relief that President Donald Trump had stopped short of hiking tariffs on U.S. trading partners immediately after taking office last week has quickly faded.

MARKET NEWS

January 29 Recapitalisation: Four banks target N931bn - PUNCH January 29 Ghana central bank holds policy rate for second meeting in a row - REUTERS January 29 Plan to get electricity to more Africans wins $8 billion in new pledges - CNBC January 29 Nigeria’s Gasoline Imports Plunge as Dangote Refinery Hits Trade - BLOOMBERG January 29 Zimbabwe inflation rises sharply, spurred by food and housing - REUTERS January 29 Tariff War Would Push Inflation Higher in Canada, Macklem Says - BLOOMBERG January 29 BoC cuts key interest rate to 3% as tariff threats loom - BLOOMBERG January 29 Naira Appreciates at Official Market - VON January 29 Naira Appreciates To N1,640/$ In Parallel Market - CHANNELS TV January 29 NGX transactions hit N5.59tn - PUNCH January 29 Sterling edges down, UK's Reeves outlines growth plans - REUTERS January 29 Rupee logs worst day in nearly 2 weeks as tariff jitters lift dollar - REUTERS January 29 Dollar steadies ahead of Fed rate decision - REUTERS January 29 South African rand edges higher ahead of US rate decision - REUTERS January 29 Kenyan shilling unchanged versus dollar, LSEG data shows - REUTERS January 29 Burkina Faso, Mali, Niger Officially Quit ECOWAS - LEADERSHIP January 28 FX, inflation top issues keeping CEOs up at night - BUSINESSDAY January 28 Naira appreciates further after CBN releases FX Code - BUSINESSDAY January 28 FGN Bonds rally as yield on new 10-yr bond hits record 22.6% - BUSINESSDAY January 28 DeepSeek worries drive yen and Swiss franc higher, dollar drops - REUTERS January 28 Turkey Plans to Raise Tax on Lira Deposits to Cut Budget Deficit - BLOOMBERG January 28 Canada’s capital gains tax hike faces court challenges as politicians abandon policy ... (read more) January 28 Ugandan shilling weakens a little on interbank appetite - REUTERS January 28 Dollar Climbs as Trump Puts Tariff Threats Back on the Agenda - BLOOMBERG January 28 South African rand stabilises after DeepSeek selloff - REUTERS January 28 External debt burden set to worsen amid further naira devaluation - NIGERIAN TRIBUNE January 28 PMI strengthens to 51.0 as economy slowly rebounds, says CBN report - THE GUARDIAN January 28 Currency market rocked by tariff, DeepSeek concerns - REUTERS January 28 Sterling slips as U.S. tariff jitters prevail - REUTERS January 28 Canadin dollar falls on equity sell off, trade tensions - REUTERS

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