News
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Mexican Peso ends week strong as USD plunges on China tariff retaliation
The Mexican Peso ends the week on a higher note as the Greenback weakens across the board. The China-US trade war escalated, with China retaliating against US President Trump’s latest tariffs announcement. The USD/MXN trades at 20.27, down 0.72%.
Fxstreet
Fri, Apr 11
Turkey sees oil price under $65 having lowering impact on inflation, Simsek says
By Can Sezer ISTANBUL, April 10 (Reuters) - Finance Minister Mehmet Simsek said on Thursday that if oil prices continue to be below $65 a barrel, it will lower year-end inflation by 1 to 1.6 points this year.Responding to a Reuters question on the impact of a fall in oil prices following recent g...Reuters
Fri, Apr 11
WRAPUP 2-Jump in US inflation expectations, market jitters heighten Fed's dilemma
One-year consumer inflation expectations at highest level since 1981Rising yields, falling dollar could turn investors away from US assetsMassive uncertainty confronting US economyKashkari says Fed can smooth dislocations, but cannot dictate where long rates settleBy Howard Schneider WASHINGTON, ...Reuters
Fri, Apr 11
Fed should 'lean against' persistent tariff-driven inflation, Musalem says
April 11 (Reuters) - St. Louis Federal Reserve President Alberto Musalem said on Friday he's closely watching whether a rise in short-term inflation expectations seeps into longer-term expectations, a development that could make fighting inflation a much harder job and reduce the U.S. central ba...Reuters
Fri, Apr 11
TREASURIES-Benchmark US yield sees biggest weekly rise in decades on tariff turmoil
10-year yields sees biggest weekly increase since 200130-year yields post largest weekly gain since 1987Traders remain cautious after volatile week By Karen Brettell April 11 (Reuters) - Benchmark U.S. 10-year Treasury yields posted their biggest weekly increase in more than two decades on Friday...Reuters
Fri, Apr 11
Peru economy to face moderate impact from US tariffs, central bank says
US tariffs impact 70% of Peru's exports, says central bank economistEnergy and critical minerals exports exempt from US tariffsPeru's economy grew 4% in Q1, central bank maintains low interest rateBy Marco Aquino and Natalia Siniawski LIMA, April 11 (Reuters) - Newly implemented U.S. tari...Reuters
Fri, Apr 11
Trump trade war could hit imports at busiest US port in May, port executive says
By Lisa Baertlein LOS ANGELES, April 11 (Reuters) - Imports to the busiest U.S. seaport could drop as soon as May, as companies pause orders in response to President Donald Trump's escalating tariffs on China and other trading partners, Port of Los Angeles Executive Director Gene Seroka said...Reuters
Fri, Apr 11
What to Watch in the Week Ahead and on Monday, April 14
ON MONDAYGoldman Sachs is expected to report its first-quarter results, where analysts expect the investment bank to report higher profit, thanks to a stronger trading business due to market volatility.The beginning of the holiday-truncated week will be marked by a host of events where Federal Reser...Reuters
Fri, Apr 11
Fed prepared to address market functioning if need arises, Boston Fed's Collins tells FT
April 11 (Reuters) - Boston Federal Reserve Bank President Susan Collins on Friday said the U.S. central bank is "absolutely" prepared to deploy its tools to address financial market functioning if the need arises. Though “markets are continuing to function well” there aren't any overall...Reuters
Fri, Apr 11
Fed's Collins: Fed is prepared to use tools as needed, but rate cuts may not be appropriate
Federal Reserve (Fed) Bank of Boston President Susan Collins noted that the Fed has multiple monetary policy tools available and at its disposal should market conditions require them, but the Fed policymaker used the opportunity to push against the idea of the Fed using rate cuts first.Fxstreet
Fri, Apr 11
White House: Tariff rate on China remains at 145%
White House press secretary Karoline Leavitt reported that US President Donald Trump was optimistic about securing a trade deal with China, despite the escalating trade war between the two economic giants that had been battering markets.Fxstreet
Fri, Apr 11
