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Dollar flat as market awaits tariff direction, central bank decisions - REUTERS

JANUARY 23, 2025

By 


Summary

  • Dollar index touches fresh two-week low
  • Traders await more detailed tariff plans
  • ECB policymaker comments point to cut next week

NEW YORK, Jan 22 (Reuters) - The dollar was little changed on Wednesday after earlier dipping to a new two-week low, as investors continued to await concrete announcements about U.S. President Donald Trump's tariff plans.
Trump said late on Tuesday his administration was weighing imposing a 10% tariff on goods imported from China on Feb. 1, after he earlier said Mexico and Canada could face levies of around 25% by Feb. 1.
He also promised duties on European imports, without elaborating further.

MARKET NEWS

January 23 Naira Reforms Offer Investors an Opportunity, Nigeria Central Bank Chief Says - BLOOMBERG January 23 Gold Hits Highest Price Since October Amid Trump Tariff Talk - BLOOMBERG January 23 Nigeria’s Oil Comeback to Test Its Commitment to OPEC+ Cuts - BLOOMBERG January 23 Nigeria’s public debt rises by N8.02trn to N142.3trn in Q3 2024 - DAILY TRUST January 23 EU Proposes Extending London Clearing House Exemption Until 2028 - BLOOMBERG January 23 Oil-Rich Gabon’s Dollar Bonds Rally as Junta Sets Election Date - BLOOMBERG January 23 CBN Okays Release Of FX Code As Naira Gains N2.20k Against Dollar - INDEPENDENT January 23 Kenyan shilling stable, supported by foreign exchange remittances - REUTERS January 23 Weakened Naira Pushes Nigeria’s Public Debt Stock To N142trn - January 23 Dollar flat as market awaits tariff direction, central bank decisions - REUTERS January 23 Naira crash, domestic borrowing balloon Nigeria’s debt to N142.3trn in Q3 2024 - THE SUN January 23 Canadians continue to struggle financially due to higher costs: RBC poll - THE CANADIAN PRESS January 23 Dollar steady as markets await Trump tariff clarity, central banks - REUTERS January 23 Norway central bank keeps rate on hold, plans March cut - REUTERS January 23 Debt servicing gulped N3.57tn in Q3 2024 – DMO - PUNCH January 23 Mexico’s Inflation Slows as Investors Mull Pace of Rate Cuts - BLOOMBERG January 23 Turkey Cuts Rates by 250 Basis Points For Second Time in Row - BLOOMBERG January 23 Bank of Canada urged to 'take a breather' and hold rates as Trump rattles trade - YAHOO FINANCE January 23 Turkey's central bank lowers benchmark interest rate to 45% - AP January 23 Weak naira: CBN urges businesses to embrace export - PUNCH January 23 Ugandan shilling flat as FX appetite subdued, traders say - REUTERS January 23 Statistics paint grim picture of food security in Nigeria – Media Trust chair - DAILY TRUST January 23 Nigeria's central bank says GDP to grow 4.17% in 2025, inflation to ease - REUTERS January 23 FG projects N84tn revenue in 2025 - PUNCH January 23 ‘Nigeria Needs $100bn Yearly To Stabilise Naira’ - NEW TELEGRAPH January 23 EU Commission investigates depth of EU safety net for stablecoin holders - REUTERS January 23 Sterling dips as traders remain cautious on Trump tariffs - REUTERS January 23 ‘Trump Policies May Weaken Naira, Worsen Nigeria’s Debt Servicing Costs’ - INDEPENDENT January 23 Cardoso Outlines Plan to Curb Naira Commoditisation - THISDAY January 23 Nigeria’s debt stock surges to N142trn on weak naira - BUSINESSDAY

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