News
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USD/CAD gains further to near 1.4240 after US/Canada employment data
The USD/CAD pair extends its upside to near 1.4240 during North American trading hours on Friday. The Loonie pair strengthens as the Canadian Dollar (CAD) falls further after the release of the downbeat employment data for March.
Fxstreet
Fri, Apr 4
US automakers fall as China announces retaliatory tariffs
** Shares of U.S.-based automakers fall as China slaps additional tariffs of 34% on U.S. imports into the country** Ford F.N down 2.4% and General Motors GM.N down 4.3%** In 2024, GM sold 1.83 million vehicles in China, accounting for 30.6% of its total vehicle sales ** China represented 11.6% of Fo...Reuters
Fri, Apr 4
TREASURIES-US yields drop on China tariff parry, jobs report reduces sting
China's tariffs escalate trade war, sends US Treasury yields lowerUS jobs report exceeds expectationsFed rate cut expectations rise amid recession fears and tariff impactsBy Chuck Mikolajczak NEW YORK, April 4 (Reuters) - U.S. Treasury yields remained sharply lower on Friday after China retal...Reuters
Fri, Apr 4
Canada sees drop in total jobs in March for first time in over three years, unemployment rate up
Tariff uncertainty takes tollUnemployment rate ticks up to 6.7% from 6.6%Employment number dropped by a net 32,600 peopleBy Promit Mukherjee OTTAWA, April 4 (Reuters) - Canada's total employment fell and the unemployment rate ticked up in March, data showed on Friday, as the uncertainty a...Reuters
Fri, Apr 4
INSTANT VIEW-Canada's economy sheds 32,600 jobs in March
TORONTO, April 4 (Reuters) - Canada's total employment fell and the unemployment rate ticked up to 6.7% in March, data showed on Friday, as uncertainty around tariffs and their subsequent implementation took a toll on hiring and spurred some layoffs. Market reaction: CAD/Link: https:/...Reuters
Fri, Apr 4
Fed seen waiting until June to start rate cuts, after big job gains last month
April 4 (Reuters) - The Federal Reserve is seen waiting until June to start cutting interest rates after a government report showed stronger than expected jobs growth last month that eased concern about the state of the labor market as President Donald Trump moves to put sweeping tariffs on imports ...Reuters
Fri, Apr 4
Hungary's Orban seeks deal with telecoms, banks to bring down prices
BUDAPEST, April 4 (Reuters) - Hungary's government is targeting negotiated agreements with telecom companies and banks on price levels, Prime Minister Viktor Orban said on Friday, as part of wider efforts to curb surging services inflation.With rising prices threatening to derail the veteran rig...Reuters
Fri, Apr 4
INSTANT VIEW-Canada's economy sheds 32,600 jobs in March
TORONTO, April 4 (Reuters) - Canada's total employment fell and the unemployment rate ticked up to 6.7% in March, data showed on Friday, as uncertainty around tariffs and their subsequent implementation took a toll on hiring and spurred some layoffs. Market reaction: CAD/Link: https:/...Reuters
Fri, Apr 4
Fed to go big with June start to interest-rate cuts, traders bet
April 4 (Reuters) - Traders on Friday bet the Federal Reserve will wait until June to start cutting interest rates after a government report showed stronger than expected jobs growth last month, even as they bet that the first rate cut will be a bigger-than-usual half-point reduction. Bets in short-...Reuters
Fri, Apr 4
Taiwan unveils $2.7 billion in help for companies to deal with US tariffs
Taiwan faces 32% tariff from United StatesSemiconductors, a major Taiwan export, not yet includedTaiwan to discuss tariffs with United States TAIPEI, April 4 (Reuters) - Taiwan's government announced T$88 billion ($2.67 billion) worth of financial help on Friday for companies and industries t...Reuters
Fri, Apr 4
