News
Important Only
With inflation progress slow, Fed's Daly says rate cuts may need to wait
Daly says rate cuts should be gradual, patientFed may hold policy tighter due to elevated inflation risksTrump's trade policy uncertainty has not slowed economic growth April 18 (Reuters) - San Francisco Federal Reserve President Mary Daly said on Friday that while she is still comfortabl...Reuters
Fri, Apr 18
China's fiscal revenue falls 1.1% in January-March
BEIJING, April 18 (Reuters) - China's fiscal revenue decline slowed in the first three months this year as Beijing works to shore up its economy while weathering the storm from mounting U.S. tariffs.Fiscal revenue in the January-March period totalled 6.0 trillion yuan ($821.54 billion), down 1.1...Reuters
Fri, Apr 18
Indonesia says to increase US imports, lower orders from other countries
JAKARTA, April 18 (Reuters) - Indonesia will increase imports of U.S. food and commodities and reduce orders from countries where the Southeast Asian nation currently buys the products, chief economic minister Airlangga Hartarto told reporters in Washington.Airlangga is in the United States as p...Reuters
Fri, Apr 18
Fed's Powell is an exemplary central banker, ECB's Villeroy says
PARIS, April 18 (Reuters) - U.S. Federal Reserve Chair Jerome Powell is an exemplary central banker, telling the unflattering truth about the U.S. economy and not bowing to political pressure, European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday.U.S. President Donald Tr...Reuters
Fri, Apr 18
Japan's core inflation accelerates, complicating BOJ's rate path
March core CPI rises 3.2% yr/yr, matches forecastIndex excluding fresh food, fuel up 2.9% yr/yr in MarchCore inflation exceeded BOJ target for 36 consecutive monthsBOJ chief Ueda says pressure from rising food costs to dissipateData comes ahead of BOJ's policy meeting April 30-May 1By Leika Kiha...Reuters
Fri, Apr 18
ECB's Villeroy: inflation risk from trade tensions seems weak
PARIS, April 18 (Reuters) - The inflation risk from trade tensions seems weak and could even be on the decline, European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday.Speaking to the Boursorama website, Villeroy, who is also head of the Bank of France, said: "This inf...Reuters
Fri, Apr 18
US Dollar Index hovers near 99.50 as trading activity remains muted due to Good Friday
The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is remaining below 99.50 during the early European hours on Friday. The Greenback remains subdued amid growing concerns over the economic impact of tariffs on the United States (US).Fxstreet
Fri, Apr 18
Indonesia says to increase US imports, lower orders from other countries
JAKARTA, April 18 (Reuters) - Indonesia will increase imports of U.S. food and commodities and reduce orders from countries the Southeast Asian nation currently buys the products from, chief economic minister Airlangga Hartarto told reporters in Washington.Airlangga is in Washington as part of a del...Reuters
Fri, Apr 18
China set to leave lending rates steady, but tariffs raise easing bets
BEIJING/SHANGHAI, April 18 (Reuters) - China is widely expected to leave its benchmark lending rates unchanged at the monthly fixing on Monday, a Reuters survey showed, but markets are wagering on more stimulus being rolled out soon in the face of an escalating Sino-U.S. trade war.Policymakers have ...Reuters
Fri, Apr 18
BOJ will keep raising rates if inflation on track, Governor Ueda says
TOKYO, April 18 (Reuters) - Bank of Japan Governor Kazuo Ueda said on Friday the central bank will keep raising interest rates if underlying inflation accelerates toward its 2% target, as it projects.But Ueda told parliament the BOJ will scrutinise "without pre-conception" whether the econom...Reuters
Fri, Apr 18
NZD/USD remains below 0.6000 near five-month highs due to trade policy focus
NZD/USD is trading subdued around 0.5970 during Friday’s Asian session, holding near Thursday’s five-month high of 0.5979 after seven consecutive days of gains. The pair could see further upside as the US Dollar (USD) weakens amid rising concerns over the economic fallout from US tariffs.
Fxstreet
Fri, Apr 18
S.Korea proposes $8.6 billion extra budget to underpin growth amid tariff turmoil
Proposed $8.6 billion budget to guard against trade war risksBank of Korea signals rate cut due to Trump's tariff policyParliament approval needed, Democratic Party seeks larger budget SEOUL, April 18 (Reuters) - South Korea's government proposed on Friday a supplementary 12.2 trillion wo...Reuters
Fri, Apr 18
