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Fed's Musalem leans toward supporting October interest rate cut
By Michael S. DerbyOct 17 (Reuters) - Federal Reserve Bank of St. Louis President Alberto Musalem said Friday he’s leaning toward supporting an interest rate cut at the end of the month.Asked about his view about lowering rates at the monetary policy meeting at the end of the month, Musalem said “I ...Reuters
Fri, Oct 17
TREASURIES-US yields rise as China trade, bank worries ease
Benchmark 10-year note yield declines for third weekTrump says tariff proposal on China unsustainableFears over regional bank contagion wanesBy Chuck Mikolajczak NEW YORK, Oct 17 (Reuters) - U.S. Treasury yields climbed on Friday, as concerns about rising trade tensions with China and worries abo...Reuters
Fri, Oct 17
Europe needs to make a 'down payment' on reforms to sharply boost growth - IMF
Small reforms would boost EU growth to 3% in 10 years, Kammer saidSteps include lower electricity prices, increasing labour mobilityRemoving internal barriers could offset US tariffs on EU goodsBy Jan StrupczewskiWASHINGTON, Oct 17 (Reuters) - The European Union needs to adopt only a small number of...Reuters
Fri, Oct 17
EXCLUSIVE-WTO chief urges US, China to de-escalate trade war, or risk long-term hit to global growth
US-China decoupling could reduce global GDP by up to 7% in longer term, WTO chief saysWTO members should use crisis to undertake reformsUS-China tensions pose 'serious risk', WTO chief told G20By Andrea Shalal WASHINGTON, Oct 17 (Reuters) - The head of the World Trade Organization said sh...Reuters
Fri, Oct 17
White House's Hassett on credit markets: optimistic we can stay ahead of curve
WASHINGTON, Oct 17 (Reuters) - White House economic adviser Kevin Hassett said on Friday that banks have ample reserves and that he was optimistic that credit markets could stay ahead of the curve.Markets should realize there is a new administration in the United States, Hassett, director of the Nat...Reuters
Fri, Oct 17
Indian solar firms tweaking supply chains to navigate US tariffs
By Sethuraman N R NEW DELHI, Oct 17 (Reuters) - Indian solar manufacturers have begun recalibrating their supply chains to maintain access to the lucrative United States market and offset higher tariffs, according to executives.U.S. President Donald Trump's tariffs of up to 50% on most export...Reuters
Fri, Oct 17
Brazil's BNDES approves $312 mln financing for Embraer jet exports to SkyWest
RIO DE JANEIRO, Oct 17 (Reuters) - Brazil's state development bank has approved 1.7 billion reais ($312.3 million) in financing for the export of 13 Embraer aircraft to U.S. SkyWest Airlines, it said in a statement on Friday.The financing will be paid in U.S. dollars by SkyWest, BNDES said, addi...Reuters
Fri, Oct 17
USD/CNH has a chance to drop to 7.1130 – UOB Group
Downward momentum continues to increase, and there is scope for US Dollar (USD) to test 7.1130. In the longer run, USD could drop to 7.1130; a clear break below this level will shift the focus to 7.1000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Oct 17
SEK: The unusual winner – ING
The Swedish krona is the second-best performer this week, rising even more than the euro as equities sold off yesterday. This sounds rather odd given SEK’s usually high beta (especially relative to the euro) to risk assets, ING's FX analyst Francesco Pesole notes.
Fxstreet
Fri, Oct 17
USD/CNH: Lower fix again – OCBC
USD/CNY fix was set lower at 7.0949 and below 7.10 for a 3rd consecutive session. USD/CNH last seen at 7.1280 levels, largely in line with yesterday spot despite the USD/CNY fix going lower, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Fri, Oct 17
BoE’s Pill: Favors a more cautious monetary easing approach
Bank of England (BoE) Chief Economist Huw Pill said in a speech at the Institute of Chartered Accountants in England and Wales Annual Conference 2025 in London on Friday that the United Kingdom (UK) central bank must avoid cutting interest rates “too far and too fast” as inflationary pressures conti
Fxstreet
Fri, Oct 17
