News
Important Only
No Fed 'put' when it's unclear which way the economy may pivot
WASHINGTON, April 7 (Reuters) - U.S. Federal Reserve Chair Jerome Powell has sent strong messages when he felt they were needed, going on television to pledge maximum support for the economy when the COVID-19 pandemic struck, using a terse 2022 speech for a stern message about inflation, and...Reuters
Mon, Apr 7
Trump tariffs could slow euro growth by up to 1 percentage point, Greek central banker tells FT
April 7 (Reuters) - U.S. President Donald Trump's tariff measures could slow euro area economic growth by anywhere between 0.5 and 1 percentage points, Greek central bank governor Yannis Stournaras told the Financial Times in an interview published on Monday.Stournaras' comments come against...Reuters
Mon, Apr 7
Trump tariffs to slow Australia's economy but recession not expected, Treasurer says
SYDNEY, April 7 (Reuters) - Australia will be able to manage the direct impact of U.S. President Donald Trump's tariffs but economic growth will take a hit as the global economy slows, Treasurer Jim Chalmers said on Monday."We expect more manageable impacts on the Australian economy, but we ...Reuters
Mon, Apr 7
Trump tariffs could slow euro growth by 0.5 to 1 percentage points, FT reports
April 7 (Reuters) - U.S. President Donald Trump's tariff measures could slow euro area economic growth by between 0.5 and 1 percentage points, Greek central bank governor Yannis Stournaras told the Financial Times in an interview published on Monday.Reuters
Mon, Apr 7
Japanese Yen trims a part of modest gains against USD; bullish potential seems intact
The Japanese Yen (JPY) kicks off the new week on a positive note as US President Donald Trump's sweeping reciprocal tariffs raise the risk of a global economic slowdown and continue to underpin traditional safe-haven assets.Fxstreet
Mon, Apr 7
BREAKINGVIEWS-Vietnam faces some very dark days ahead
By Una Galani HONG KONG, April 7 (Reuters Breakingviews) - Within days of launching a global trade war, Donald Trump boasted his counterpart in Vietnam was ready to reduce tariffs to zero. But if officials from Hanoi visiting the United States this week are unable to secure a delay or substantial...Reuters
Mon, Apr 7
USD/INR gains ground as Trump-induced tariffs storm intensifies
The Indian Rupee (INR) trades in negative territory on Monday. The local currency remains under pressure after US President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world's largest economy, upending trade and supply chains.Fxstreet
Mon, Apr 7
EUR/USD flat lines above mid-1.0900s, investors seem non-committed amid rising trade tensions
The EUR/USD pair reverses an Asian session dip to the 1.0880 aera and for now, seems to have stalled its retracement slide from the vicinity of mid-1.1100s, or the highest level since September touched last week.Fxstreet
Mon, Apr 7
TREASURIES-Yields slide as US recession worries weigh, Fed cut bets ramp up
SINGAPORE, April 7 (Reuters) - U.S. Treasury yields fell on Monday and the two-year yield sank to a multi-year low as worries of a possible recession in the world's largest economy grew and investors wagered that could see U.S. rates cut as early as May.Markets were set for another week of turmo...Reuters
Mon, Apr 7
GBP/USD bounces off one-month low, defends 200-day SMA and retakes 1.2900
The GBP/USD pair attracts some dip-buyers near the 1.2830 region, or over a one-month low touched during the Asian session on Monday and for now, seems to have stalled its retracement slide from a six-month peak touched last week.
Fxstreet
Mon, Apr 7
