News
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Turkey's Simsek sees very high probability of inflation in cenbank range
By Nevzat DevranogluGIRESUN, Turkey, April 21 (Reuters) - Turkish Finance Minister Mehmet Simsek said he does not foresee Turkey changing its economic course following recent market and trade developments, and inflation would very likely hit the central bank's forecast range by year-end.Turkish ...Reuters
Mon, Apr 21
USD/CAD falls to near 1.3800, downside seems limited due to weaker Oil prices
USD/CAD depreciates after registering gains in the previous session, trading around a six-month low at 1.3802 during the Asian hours on Monday. The pair faces headwinds due to the weaker US Dollar (USD), remaining under pressure due to mounting concerns over the US economic fallout from US tariffs.
Fxstreet
Mon, Apr 21
Breaking: EUR/USD rallies hard to reclaim 1.1500 for first time since November 2021
EUR/USD rallies over 1% in Asian trading on Monday as the relentless selling interest in the US Dollar (USD) paves the way for the major to clear the 1.1500 threshold for the first time since November 2021.
Fxstreet
Mon, Apr 21
USD/INR softens on renewed foreign inflows
The Indian Rupee (INR) edges higher on Monday. The renewed foreign inflows and the US Dollar (USD) weakness continue to support the local currency. Concerns over the economic impact of new tariffs on the US economy dragged the Greenback lower.Fxstreet
Mon, Apr 21
China leaves lending benchmarks unchanged as expected in April
SHANGHAI, April 21 (Reuters) - China held benchmark lending rates steady on Monday for the sixth successive month, matching market expectations.The one-year loan prime rate (LPR) CNYLPR1Y=CFXS was kept at 3.1%, while the five-year LPR CNYLPR5Y=CFXS was unchanged at 3.6%.Reuters
Mon, Apr 21
EUR/USD advances to 1.1485 region, fresh high since February 2022 amid bearish USD
The EUR/USD pair breaks out through a multi-day-old trading range and touches a fresh high since February 2022, around the 1.1485 area during the Asian session on Monday. The momentum is sponsored by the bearish sentiment surrounding the US Dollar (USD), which supports prospects for an extension...Fxstreet
Mon, Apr 21
Russia's economy ministry cuts 2025 Brent price forecast by nearly 17%, Interfax reports
April 21 (Reuters) - Russia's economy ministry has cut its forecast for the average price of Brent crude in 2025 by nearly 17% from what it saw the price would be this year in its September calculations, Interfax news agency reported early on Monday.
Reuters
Mon, Apr 21
REFILE-Fed's Goolsbee hopes US not moving to where monetary independence is questioned - CBS 'Face the Nation'
April 20 (Reuters) - Chicago Federal Reserve President Austan Goolsbee said on Sunday that he hopes the United States is not moving to an environment where the ability of the central bank to set monetary policy independent of political pressure is questioned.Goolsbee, responding to a question on CBS...Reuters
Sun, Apr 20
Ukraine may need to import 6.3 bcm of gas for next winter as reserves hit record low
KYIV, April 20 (Reuters) - Ukraine may need to import up to 6.3 billion cubic metres (bcm) of gas for the 2025/26 winter season as reserves have fallen to a record low due to war-related damage to some facilities, the former head of its gas transit operator said on Sunday.Ukraine has been forced to ...Reuters
Sun, Apr 20
China's soybean imports from US jump in March, but Brazil set to dominate market
BEIJING, April 20 (Reuters) - China's soybean imports from the United States rose 12% in March from the same period last year, as shipments secured in late 2024 by buyers concerned about the potential for a trade spat between the U.S. and China arrived in port.However, Brazil is expected to domi...Reuters
Sun, Apr 20
Volvo to cut up to 800 US jobs as Trump's tariffs bite
Volvo to lay off up to 800 workers due to market uncertaintyTrump's tariffs impact global trading and consumer confidenceHeavy-duty truck orders hit by freight rate uncertainty and tariffsBy Chris PrenticeNEW YORK, April 18 (Reuters) - Volvo Group plans to lay off as many as 800 workers at three...Reuters
Fri, Apr 18
