News
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Pound Sterling ticks lower as traders continue to favor BoE dovish bets
The Pound Sterling (GBP) edges lower against its major peers on Tuesday in the European session. The British currency ticks down as traders become increasingly confident that the Bank of England (BoE) will reduce interest rates in the May policy meeting.
Fxstreet
Tue, Apr 29
Central Europe must diversify to mitigate tariff hit, Moody's Analytics
Trade war slashes growth outlook in Czech Republic, Romania and HungaryBudget deficits in Poland and Romania scale EU's highest levelsRigid spending puts "huge pressure" on Poland deficit cut effortsRomania should move "very urgently" to accelerate budget cutsBy Gergely Szakacs ...Reuters
Tue, Apr 29
US Dollar Index maintains position above 99.00 as US-China trade concerns weaken
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, is rebounding after falling over 0.50% in the previous session. The DXY is trading around 99.20 during the European hours on Monday.Fxstreet
Tue, Apr 29
EUR/INR: Indian Rupee cross rates down at the start of the European session
Indian Rupee (INR) crosses trade with a negative bias at the start of Tuesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 97.17, with the EUR/INR pair declining from its previous close at 97.26.Fxstreet
Tue, Apr 29
USD/CAD holds gains near 1.3850 as Canadian Liberals fail to secure majority government
USD/CAD has recovered its intraday losses, trading around 1.3840 during early European hours on Tuesday. The pair appreciates as the Canadian Dollar (CAD) loses ground following election results in Canada.
Fxstreet
Tue, Apr 29
CORRECTED-German consumer sentiment improves in May but still weighed by uncertainty, GfK survey shows
BERLIN, April 29 (Reuters) - German consumer sentiment improved further heading into May as the prospect of a new government appeared to soothe households, countering some of the uncertainty unleashed by tensions over import tariffs for now, a survey indicated on Friday.The consumer sentiment index,...Reuters
Tue, Apr 29
Euro zone bonds take a breather ahead of busy few days for economic data
LONDON, April 29 (Reuters) - Euro zone government bonds held steady in early trading on Tuesday as traders used the absence of any major new tariff developments to catch their breath ahead of a raft of economic data coming later in the week. U.S. GDP, inflation and employment data are all due this w...Reuters
Tue, Apr 29
Australia's surge in wine exports to China begins to slow
By Peter Hobson CANBERRA, April 29 (Reuters) - Australia's wine export boom to China that followed an improvement in relations between the two countries is showing signs of slowing, amid a broader global decline in the number of bottles headed to the world's second-largest economy.China i...Reuters
Tue, Apr 29
RPT-Biggest risk to markets is a fragmented world, says Norway wealth fund CEO
Fragmented world leads to lower growth, higher prices, CEO says"Looks like" we are in this situation, he addsTo focus on optimising fund in his second and final termBy Gwladys Fouche OSLO, April 28 (Reuters) - The world economy appears to be fragmenting, posing the biggest risk to markets...Reuters
Tue, Apr 29
