News
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Forex Today: Investors will be closely following US PCE and German CPI
The US Dollar gathered extra steam and rose to multi-day highs on the back of extra announcement regarding tariffs by President Trump, while some cautious trade also prevailed ahead of the release of US inflation tracked by the PCE on Friday.
Fxstreet
Thu, Feb 27
Brazil posts lower-than-expected primary budget surplus in January
Adds details from Treasury dataBRASILIA, Feb 27 (Reuters) - Brazil's central government posted a primary budget surplus in January that was slightly below market expectations, as inflation-adjusted spending growth outpaced revenue gains, Treasury data showed on Thursday. The primary surplus, whi...Reuters
Thu, Feb 27
Fed's Hammack says rates likely on hold for some time
Fed's Hammack says more cuts depend on cooling inflationHammack says rate policy appears neutral right nowBy Michael S. Derby NEW YORK, Feb 27 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said on Thursday she expects U.S. central bank interest rate policy is on hold fo...Reuters
Thu, Feb 27
WRAPUP 2-US weekly jobless claims post largest gain in five months; weather blamed
Adds details from reports, analyst comments throughoutWeekly jobless claims increase 22,000 to 242,000Continuing claims decrease 5,000 to 1.862 millionFourth-quarter GDP growth unrevised at 2.3% rateCore inflation revised higher in fourth quarterCore capital goods orders surge 0.8% in JanuaryBy Luci...Reuters
Thu, Feb 27
Brazil's central government posts $14.6 billion primary budget surplus in January
BRASILIA, Feb 27 (Reuters) - Brazil's central government posted a primary budget surplus of 84.882 billion reais ($14.6 billion) in January, Treasury data showed on Thursday, for which economists polled by Reuters were forecasting a 88.450 billion reais surplus for the month. ($1 = 5.8...Reuters
Thu, Feb 27
TREASURIES-US Treasury yields rise ahead of key inflation data
U.S. Treasury yields rise amid mixed economic dataOrders for durable goods exceed expectations, rising 3.1% in JanuaryMarkets await PCE index report for inflation insightsAdds context on data released NEW YORK, Feb 27 (Reuters) - U.S. Treasury 10-year yields rose on Thursday as markets awaited a ...Reuters
Thu, Feb 27
German government bond yields fall to 2-week lows
Recasts lead, updates pricesBy Harry Robertson LONDON, Feb 27 (Reuters) - German government bond yields fell to a two-week low on Thursday, pulled down by concerns about the bloc's economy.Germany's 10-year bond yield DE10YT=RR, the benchmark for the euro zone bloc, fell to 2.412%, the lo...Reuters
Thu, Feb 27
Trump's CEA chair pick Miran says deregulation will lower prices
Feb 27 (Reuters) - President Donald Trump's pick to chair his Council of Economic Advisors, Stephen Miran, on Thursday said he believes that deregulation could be an effective way to bring down inflation."I agree removing barriers to the abilities of firms to produce will get them to produce...Reuters
Thu, Feb 27
G20 should not backtrack on global tax deal, Italy says
Adds details and background ROME, Feb 27 (Reuters) - Italy urged that there be no backtracking on a major international taxation agreement at the G20 talks in South Africa, Economy Minister Giancarlo Giorgetti said on Thursday, adding that unilateral approaches would discourage investment.U.S. Pr...Reuters
Thu, Feb 27
POLL-ECB to cut rates again on March 6 as focus turns to growth
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=EUECBD%3DECI ECB deposit rate forecastsreuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=EUECBR%3DECI ECB refi rate forecastsreuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=EUGDPQAP GDP foreca...Reuters
Thu, Feb 27
US President Donald Trump: Canada, Mexico tariffs coming March 4
United States (US) President Donald Trump hit social media on Thursday, taking to the streets of X (nee Twitter) to inform global markets that his planned 25% tariff package aimed at Mexico and Canada will now be coming into effect on March 4, rather than the April 2 date he reaffirmed just hours earlier.Fxstreet
Thu, Feb 27
US pending home sales tumble to record low in January
WASHINGTON, Feb 27 (Reuters) - Contracts to buy U.S. previously owned homes plunged to a record low in January as higher mortgage rates and house prices reduced affordability for prospective buyers.The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on sig...Reuters
Thu, Feb 27
Fed's Schmid: Uncertainty might also weigh on growth
Kansas City Federal Reserve President Jeff Schmid said on Thursday that recent surveys indicating a rise in consumer inflation expectations showed the central bank must stay focused on fully containing price pressures, noting it was a growing and potentially troubling concern for policymakers.Fxstreet
Thu, Feb 27
