News
Important Only
World Bank lifts China 2025 GDP forecast to 4.8% ahead of a slowdown next year
LONDON, Oct 7 (Reuters) - The World Bank lifted its 2025 growth projection for China to 4.8% and raised its forecast for much of the region, but warned of a slowing momentum next year, citing low consumer and business confidence and weak new export orders. Publishing its biannual economic outlook fo...Reuters
Tue, Oct 7
World Bank lifts Latin America economic growth estimate for 2026
By Rodrigo Campos NEW YORK, Oct 7 (Reuters) - The World Bank nudged up its estimate for economic growth in Latin America and the Caribbean next year, though the region remains the world's slowest-growing due to stubborn inflation, high debt and rising uncertainties due to U.S. tariff policies...Reuters
Tue, Oct 7
EUR/GBP stays near 0.8700, further downside appears due to political instability in France
EUR/GBP stays silent after two days of losses, trading around 0.8690 during the Asian hours on Tuesday. The currency cross may further lose as the Euro (EUR) struggles after France's new Prime Minister Sebastien Lecornu and his government resigned on Monday.
Fxstreet
Tue, Oct 7
US Dollar Index remains above 98.00 despite Fed rate cut bets, government shutdown
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending gains for the second successive session and trading around 98.20 during the Asian hours on Tuesday.Fxstreet
Tue, Oct 7
Japan’s Kato says will monitor for excess FX fluctuations, disorderly movement
Japanese Finance Minister Katsunobu Kato said on Tuesday that he will closely monitor the foreign exchange (FX) moves, adding that it’s important for currencies to move in a stable manner reflecting fundamentals.Fxstreet
Tue, Oct 7
Australian Dollar loses ground following Westpac Consumer Confidence data
The Australian Dollar (AUD) loses ground against the US Dollar (USD) on Tuesday, retracing its recent gains from the previous session. The AUD/USD pair depreciates following the release of October's Westpac Consumer Confidence and September’s ANZ Job Advertisements.
Fxstreet
Tue, Oct 7
Fed's Schmid says rates are 'appropriately calibrated'
Schmid's remarks align him with policy hawks at divided FedInflation remains high, with services inflation at 3.5%, he saysSchmid says Fed must maintain inflation credibilityBy Ann Saphir Oct 6 (Reuters) - Kansas City Federal Reserve Bank President Jeff Schmid on Monday signaled he is disincl...Reuters
Mon, Oct 6
Fed's Schmid says labor market is paused on tariff, AI uncertainty
Oct 6 (Reuters) - Kansas City Federal Reserve Bank President Jeff Schmid said on Monday he believes businesses are delaying hiring to protect their profits during the current period of uncertainty around tariffs, and also because they need to weigh how artificial intelligence may change their need f...Reuters
Mon, Oct 6
Fed Schmid: The Fed must maintain inflation credibility
The President of the Kansas City Federal Reserve Bank Jeffrey Schmid crossed the newswires on October 6. He delivered hawkish remarks, saying that the Fed must maintain its inflation credibility and stressed that inflation is too high. He added that monetary policy is appropriately calibrated.Fxstreet
Mon, Oct 6
Japan's 30-year bond auction provides early test of 'Takaichi trade'
30-year JGB yield hits record high post-Takaichi's election winTakaichi's policies seen as expansionist, echoing AbenomicsWeak demand at auctions led to reduced issuance of long-term bondsBy Rocky Swift and Junko Fujita TOKYO, Oct 7 (Reuters) - An auction of 30-year Japanese debt on Tuesd...Reuters
Mon, Oct 6
