News
Important Only
USD/CAD tumbles below 1.4200 as US Dollar dives amid US recession fears
The USD/CAD pair falls sharply to near 1.4180 during European trading hours on Wednesday. The Loonie pair faces an intense sell-off as the US Dollar (USD) takes bullet for United States (US) President Donald Trump raising import duty on China to 104%.
Fxstreet
Wed, Apr 9
US Dollar dives as US tariffs trigger market reaction
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, extends the previous day’s correction and hovers around 102.30 at the time of writing on Wednesday after testing the 102.00 level in the early Asian session.Fxstreet
Wed, Apr 9
US 30-year mortgage rate dropped last week, applications surged
April 9 (Reuters) - The interest rate for the most popular U.S. home loan dropped to 6.61% last week, the lowest rate since October, giving a boost to mortgage applications even as global stocks tumbled in the wake of President Donald Trump's decision to impose sweeping tariffs on trading partne...Reuters
Wed, Apr 9
Bank of England warns of high market correction risks amid hedge fund margin calls
Investing.com -- The Bank of England (BoE) has warned that hedge funds are facing substantial margin calls from prime brokers due to extreme market volatility triggered by U.S. President Donald Trump’Investing.com
Wed, Apr 9
Indian shrimp exporter Coastal Corp says US buyers ready to take tariff hit; casts wider net to China, Russia
April 9 (Reuters) - Indian shrimp exporter Coastal Corporation COAS.NS said on Wednesday most of its U.S. buyers were willing to absorb the higher costs stemming from the new tariffs, but added it was also exploring increasing exports to China, Russia and Canada.U.S President Donald Trump a 26% reci...Reuters
Wed, Apr 9
Seven & I North America Exec: Uncertainty Over Tariffs Has Impacted Our Customers, As We've Seen Consumer Confidence Fall To A Multi Year Low And Declining Consumer Spending
April 9 (Reuters) - Seven & i Holdings Co Ltd 3382.T:SEVEN & I NORTH AMERICA EXEC: UNCERTAINTY OVER TARIFFS HAS IMPACTED OUR CUSTOMERS, AS WE'VE SEEN CONSUMER CONFIDENCE FALL TO A MULTI YEAR LOW AND DECLINING CONSUMER SPENDINGSEVEN & I DIRECTOR DACUS: POSSIBLE THAT WE MIGHT NEED TO ...Reuters
Wed, Apr 9
Erdogan: Turkey not expecting negative trade, export situation after tariffs
ANKARA, April 9 (Reuters) - President Tayyip Erdogan said that Turkey is not expecting a negative situation for its trade, production and exports as a result of U.S. President Donald Trump's tariffs, which went into effect on Wednesday.Turkey is among the economies that escaped with the lowest &...Reuters
Wed, Apr 9
Fed minutes may show scope of tariff debate ahead of Trump's 'Liberation Day'
Key readout from March 18-19 meeting may be eclipsed by scope of latest tariffsFed officials saw rising 'uncertainty' even before Trump's April 2 declarationPolicymakers in March expected two interest rate cuts in 2025; markets now see fourBy Howard Schneider WASHINGTON, April 9 (Reut...Reuters
Wed, Apr 9
BoE: Major shift in global trading arrangements could harm financial stability by depressing growth
"A major shift in global trading arrangements could harm financial stability by depressing growth," the Bank of England's Financial Policy Committee said in a statement following its two-day meeting.
Fxstreet
Wed, Apr 9
Fitch Expects Operating Environment To Remain Supportive For Global Healthcare Providers In 2025
April 9 (Reuters) - Fitch: FITCH: EXPECT OPERATING ENVIRONMENT TO REMAIN SUPPORTIVE FOR GLOBAL HEALTHCARE PROVIDERS IN 2025FITCH : US TARIFFS WILL AFFECT EUROPEAN HEALTHCARE PROVIDERS DUE TO IMPACT OF LOWER ECONOMIC GROWTH ON CONSUMER SPENDINGFITCH: EXPECT MODEST MARGIN EXPANSION FOR GLOBAL HEALTHCA...Reuters
Wed, Apr 9
Seven & i quarterly profit slides as it seeks to fend off Couche-Tard bid
Operating profit down 15% but better than expected Tariff uncertainty has hit North American consumer confidenceIncoming CEO says he wants to make the company less conservativeBy Rocky Swift TOKYO, April 9 (Reuters) - Japan's Seven & i Holdings 3382.T said on Wednesday fourth-quarter prof...Reuters
Wed, Apr 9
ECB’s Villeroy: Trump administration actions offer opportunity to boost Euro's international role
European Central Bank (ECB) policymaker and Bank of France head Francois Villeroy de Galhau said on Wednesday that they estimate the trade conflict to reduce Eurozone growth by 0.25 percentage points this year, per Reuters.Fxstreet
Wed, Apr 9
