PPCC: Pisitófilos Creditófagos. Invierno 2025

[Derby]

Claro, como los tipos de interés están tan altos...

https://www.baha.com/Trump-I-would-like-to-see-rates-go-down/news/details/65552451

Trump: I would like to see rates go down

United States President Donald Trump expressed on Tuesday his hope that the Federal Reserve will lower its interest rates at its next meeting on Wednesday, as "everything else is going down," including inflation, energy prices, and the crime rate.

While at the Joint Base Andrews before leaving for Clive, Iowa, Trump spoke briefly to the press on a variety of issues. In a brief statement, he claimed that "very good things are happening" concerning the ceasefire negotiations between Russia and Ukraine, mediated by the US.

Furthermore, Trump expressed certainty that "we'll figure something out" with Seoul after he decided to raise the tariff on South Korea's exports by 10% to 25%.

[Derby]

https://www.ft.com/content/04c785c0-9ca4-4a85-a279-d95c9d8f1f80

Dollar hits 4-year low as ‘chaotic’ policymaking tests investors’ nerves

Many investors expect the dollar to weaken further in 2026


The dollar fell 0.9% against a basket of other major currencies on Tuesday © Financial Times

The US dollar hit a four-year low on Tuesday, as President Donald Trump’s erratic domestic and foreign policymaking further undermined global investors’ confidence in US assets. 

The greenback dropped 0.9 per cent against a basket of other major currencies, taking its fall in January to more than 2 per cent.

Sterling and the euro hit corresponding four-year highs against the dollar. The euro rose 0.9 per cent to $1.199, while sterling rose 0.8 per cent to $1.379. Both currencies are at their highest points since the second half of 2021.

“Gold strength and dollar weakness reflect serious doubts over chaotic, off-the-cuff policymaking by Trump” said Trevor Greetham, head of multi-asset investing at Royal London Asset Management, citing the administration’s latest broadsides against Canada and South Korea. Gold has soared more than 18 per cent so far in January, hitting records and punching through $5,000 an ounce.

“Credible hints that the US may intervene to buy the yen shows policymakers just don’t care about the downside risks to the dollar,” Greetham added, a reference to speculation in recent days that the US and Japan would jointly intervene in currency markets to stop the rapid depreciation of the yen against the greenback.



Analysts at MUFG said the euro was “benefiting from its role as the anti-dollar”, as worries swirl over US policymaking.

A number of issues are weighing on the US currency simultaneously, analysts said, including worries about a potential US government shutdown, sharp moves in the yen, rumours about the White House’s pick for chair of the Federal Reserve and tensions between the US and its Nato allies — which came to a head last week over Trump’s demands to take over Greenland.

“Greenland reignited the dollar’s risk premium,” said Lefteris Farmakis, senior FX strategist at Barclays. “The upending of the post-World War II order is a long-term negative for the dollar,” he said, as it encourages investors to move out of dollar-denominated assets or to hedge their dollar exposure.

Farmakis added that the FX intervention rumours were “amplifying” the fall in the US currency, by sending a signal of the administration’s willingness to let the dollar depreciate in a bid to support the competitiveness of US exports.

Many investors expect the dollar to weaken further in 2026, with analysts at JPMorgan saying on Tuesday that “reasons to be bearish on the dollar remain intact”.

Meanwhile, economic and political developments across the Atlantic have allowed investors to turn more positive on the euro and sterling.

Recent economic data from Germany, the Eurozone’s biggest economy, has buoyed sentiment among some investors, said Constantin Bolz, head of G10 FX strategy at UBS Global Wealth Management.

Germany’s economy grew 0.2 per cent in 2025 — its first positive reading since 2022 — while a closely watched measure of activity in the construction sector rose in January to its highest since 2022. A broader measure of economic sentiment in the country is at its highest level since 2021. 

“Over the last few weeks, we could see the first hard data showing [an economic] recovery,” Bolz said. “Europe hasn’t grown for the last 15 years. If this fiscal spending really lifts growth, that should be supportive [for the euro].”

French political instability, which weighed on the euro last year, has also eased after the government survived two no-confidence votes last week over its budget plans. In the past week, the spread between French and German 10-year borrowing costs has shrunk from 0.67 percentage points to 0.56 points. 

In the UK, stronger economic data has combined with a “post-Budget bounce in sentiment” to support the pound, said Farmakis at Barclays. This month, traders have pushed back their bets on the next Bank of England rate cut from June to July. 

[tomasjos]

PP, Vox y Junts tumban la moratoria de desahucios y 60.000 familias vulnerables podrían perder sus casas https://share.google/Iz0LStZnKwmyzu35L