News
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In a fog of uncertainty, Fed policy storm could be approaching
Tariff impacts may put Fed's employment, inflation mandates in conflictPolicymakers already sketching out various scenariosDebate marks U-turn from focus on 'soft landing' By Ann Saphir and Howard Schneider WASHINGTON, April 16 (Reuters) - U.S. Federal Reserve officials, in agreement ...Reuters
Wed, Apr 16
India trade deficit with China widens to record $99.2 bln amid dumping concerns
By Manoj Kumar NEW DELHI, April 16 (Reuters) - India recorded a trade deficit of $99.2 billion with China in the 2024/25 fiscal year that ended in March, trade data showed, driven by a surge in imports of electronics goods and consumer durables.The data comes as U.S. President Donald Trump announ...Reuters
Wed, Apr 16
EUR/USD bounces back as investors doubt USD’s safe-haven appeal
EUR/USD recovers strongly to near 1.1390 during European trading hours on Wednesday after a slight correction on Tuesday. The major currency pair strengthens as the US Dollar (USD) resumes its downside journey after a short-lived recovery move.
Fxstreet
Wed, Apr 16
BoC set to leave interest rate unchanged amid rising inflation and US trade war
All the attention is expected to be on the Bank of Canada (BoC) this Wednesday, as market experts widely anticipate the central bank to maintain its interest rate at 2.75%, halting seven consecutive interest rate cuts.
Fxstreet
Wed, Apr 16
BOJ to cut growth forecast as US tariffs hit, sources say
BOJ to cut fiscal 2025 growth forecast in quarterly reportNo consensus within BOJ on extent of Trump tariff damageFocus on if BOJ maintains baseline view of moderate recoveryBOJ seen keeping policy steady at April 30-May 1 meetingBy Leika Kihara TOKYO, April 16 (Reuters) - The Bank of Japan is se...Reuters
Wed, Apr 16
US Dollar Index falls below 99.50 due to eroding investor confidence, Retails Sales eyed
The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, declined after gaining in the previous session, trading near 99.50 during Wednesday's European hours. The Greenback faces headwinds due to eroding investor confidence in US assets amid...Fxstreet
Wed, Apr 16
WRAPUP 4-China Q1 GDP growth tops expectations, but US tariff shock looms large
China's Q1 GDP grows 5.4% vs Q4's 5.4%, above the 5.1% forecastMarch data show solid retail sales and industrial output dataPolicymakers expected to ramp up stimulus as tariffs biteTariffs prompt analysts to slash 2025 GDP growth forecasts By Kevin Yao and Yukun Zhang BEIJING, April 16 (R...Reuters
Wed, Apr 16
FACTBOX-Global banks cut China growth forecasts as trade war deepens
SHANGHAI, April 16 (Reuters) - Global investment banks are lowering their projections for China's economic growth this year as U.S. President Donald Trump's aggressive tariffs are expected to take a heavy toll on the world's second-largest economy.Some of the banks had upgraded their for...Reuters
Wed, Apr 16
Pound Sterling faces selling pressure as UK inflation cools down
The Pound Sterling (GBP) faces selling pressure against its major peers on Wednesday, except the US Dollar (USD), after the release of the softer-than-expected United Kingdom (UK) Consumer Price Index (CPI) data for March.
Fxstreet
Wed, Apr 16
Japan set to kick off tariff talks in Washington
Trump sparked turmoil with tariffs on dozens of countriesJapan one of the first to start negotiationsTalks could also cover energy projects, exchange ratesBy Daniel Leussink and Nathan Layne WASHINGTON/TOKYO, April 16 (Reuters) - Japan is set to begin face-to-face tariff negotiations with the Uni...Reuters
Wed, Apr 16