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POLL-Turkey cenbank to restart cutting cycle with 250 bps move in July
By Ece Toksabay ANKARA, July 17 (Reuters) - Turkey's central bank is expected to kick off a renewed easing cycle with a 250 basis-point rate cut to 43.50% next week, as disinflation continues and market turmoil has largely faded, a Reuters poll showed on Wednesday.All 17 economists in the Jul...Reuters
Thu, Jul 17
US tariffs would eat up German growth this year and next, Bundesbank chief says
By Maria Martinez DURBAN, South Africa, July 17 (Reuters) - The Bundebank expects growth of 0.7% in Germany in 2026 but this could be eaten up if U.S. tariffs of 30% threatened by President Donald Trump were implemented, the central bank's President Joachim Nagel told Reuters in an interview....Reuters
Thu, Jul 17
Central bank chief says tariffs pose recession threat for Germany
DURBAN, South Africa, July 17 (Reuters) - Bundesbank President Joachim Nagel said on Thursday that Germany's forecast economic growth of 0.7% for 2026 could potentially be negated by tariffs currently under consideration by U.S. President Donald Trump.Speaking to Reuters in an interview, Nagel a...Reuters
Thu, Jul 17
USD/CNH: Likely to trade in a range between 7.1700 and 7.1920 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1700 and 7.1920 against Chinese Yuan (CNH). In the longer run, USD is expected to trade in a range between 7.1550 and 7.1920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Jul 17
Japan must be mindful of credit rating downgrade risk, bank lobby head says
TOKYO, July 17 (Reuters) - Japan must be mindful of the risk of a credit rating downgrade if an expansion in public debt runs out of control, the head of the country's banking lobby said, as lawmakers ramp up calls for big spending ahead of an upper house election on Sunday.Japanese government b...Reuters
Thu, Jul 17
GBP/USD: View is still negative – UOB Group
The current price movements are likely part of a 1.3360/1.3460 consolidation phase. In the longer run, GBP view is still negative; the next technical target at 1.3320 may not come into view so soon, as it could consolidate first, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Jul 17
Taxation in EU budget proposal sends 'wrong signal', German minister says
DURBAN, South Africa, July 17 (Reuters) - German Finance Minister Lars Klingbeil doubled down on Berlin's criticism of the European Commission's proposed budget on Thursday, taking aim at corporate tax under the plan which he said sends "the wrong signal". "Everyone should ...Reuters
Thu, Jul 17
Volvo CEO wants EU to cut 'unnecessary' auto tariffs to defuse Trump threat
STOCKHOLM, July 17 (Reuters) - The chief executive of Volvo Cars VOLCARb.ST urged the European Union to cut its 10% tariff on American-made cars, arguing that European automakers do not need protection from U.S. competitors, in an interview with Reuters on Thursday.Brussels, along with representativ...Reuters
Thu, Jul 17
German minister at G20: in constructive talks with U.S. but ready for countermeasures
DURBAN, South Africa, July 17 (Reuters) - German Finance Minister Lars Klingbeil said on Thursday that Europe was engaged in constructive talks with the U.S. on tariffs but was prepared to take countermeasures if necessary.On the sidelines of a gathering of finance ministers from the Group of Twenty...Reuters
Thu, Jul 17
GBP/JPY holds gains around 199.00 following UK employment data
GBP/JPY retraces its recent losses registered in the previous session, trading around 199.00 during the early European hours on Thursday. The currency cross remains stronger despite mixed employment figures from the United Kingdom (UK).
Fxstreet
Thu, Jul 17
