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AUD/USD retraces to near 0.6400 as US Dollar strives to gain ground
The AUD/USD pair corrects slightly to near 0.6400 during European trading hours on Tuesday after posting a fresh four-month high at 0.6440 earlier in the day. The Aussie pair retraces as the US Dollar (USD) strives to gain ground after remaining in the downside trajectory in the last few weeks.
Fxstreet
Tue, Apr 22
German government forecasts economic stagnation in 2025, source says
BERLIN, April 22 (Reuters) - The German government cut its economic forecast for this year and now foresees stagnation instead of 0.3% growth, a source told Reuters on Tuesday, confirming a report by the Handelsblatt newspaper.For 2026, the government now expects growth of 1%, down slightly from its...Reuters
Tue, Apr 22
PulteGroup beats quarterly results estimates as incentives lift housing demand
April 22 (Reuters) - PulteGroup's PHM.N first-quarter profit and revenue beat Wall Street estimates on Tuesday, as the company's incentives helped improve housing demand.Homebuilders have been employing buyer incentives such as buydowns, discounts and smaller home offerings to help induce de...Reuters
Tue, Apr 22
3M cuts 2025 profit forecast amid trade tensions
April 22 (Reuters) - U.S. industrial conglomerate 3M Co MMM.N cut its forecast for 2025 profit on Tuesday amid trade tariff tensions and weak consumer sentiment.The St. Paul, Minnesota-based company now expects a tariff-related negative impact of $0.20 to $0.40 per share on its full-year adjusted pr...Reuters
Tue, Apr 22
Euro zone yields outperform US Treasuries after Trump's Fed criticism
Trading resumed on Tuesday after Easter breakU.S.-German 10-yr spread set for biggest monthly rise since 2003German 2-year bund yields drop to lowest since October 2022By Yadarisa Shabong April 22 (Reuters) - Euro zone government bond yields eased on Tuesday, outperforming U.S. Treasuries, as tra...Reuters
Tue, Apr 22
German government forecasts economic stagnation in 2025, Handelsblatt reports
BERLIN, April 22 (Reuters) - The German government cut its economic forecast for this year and now foresees stagnation instead of 0.3% growth, the Handelsblatt newspaper reported on Tuesday, citing government sources.For 2026, the government now foresees growth around 1%, down slightly from its Janu...Reuters
Tue, Apr 22
USD/CAD maintains losses near 1.3800, six-month lows due to higher Oil prices
USD/CAD continues to slide for the second consecutive day, trading near 1.3810 during Tuesday’s European session. The Canadian Dollar (CAD) gains traction, buoyed by a rebound in crude Oil prices and broader macroeconomic factors.
Fxstreet
Tue, Apr 22
TRY: Re-establishing credibility is always difficult – Commerzbank
Last Thursday, Turkey's central bank (CBT) surprised markets by raising its main policy rate from 42.5% to 46.0%. Simultaneously, it increased the overnight lending rate to 49%, and the overnight borrowing rate to 44.5%.
Fxstreet
Tue, Apr 22
BoE's Greene says US tariffs likely to put downward pressure on UK inflation
April 22 (Reuters) - Britain is more likely to see lower than higher inflation as a result of U.S. President Donald Trump's tariffs, Bank of England policymaker Megan Greene said on Tuesday.Greene said Britain's decision not to levy reciprocal tariffs meant it was likely to become a destinat...Reuters
Tue, Apr 22
Taiwan March export orders miss forecast, China drags
Export orders +12.5 y/y vs +16.0% Reuters poll forecastOrders from China -5.3% y/y vs +28.9% in prior monthMinistry sees April orders between +6.2% and +10.4% y/yMinistry cautious about outlook given geopolitical risks TAIPEI, April 22 (Reuters) - Taiwan's export orders rose less than expecte...Reuters
Tue, Apr 22
