News
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Vietnam says to cut tariffs on several U.S. products
HANOI, March 26 (Reuters) - Vietnam will cut its tariffs on several U.S. products, the head of the Finance Ministry's tax policy department said. Among the cuts, the tariff on American LNG will be cut to 2% from 5%, on automobiles to 32% from a range of 45% to 64%, and on ethanol to 5% from 10%,...Reuters
Wed, Mar 26
Australia’s monthly CPI inflation eases to 2.4% YoY in February vs. 2.5% expected
Australia’s monthly Consumer Price Index (CPI) increased by 2.4% in the year to February, compared to a 2.5% rise seen in January, according to the data published by the Australian Bureau of Statistics (ABS) on Wednesday.Fxstreet
Wed, Mar 26
ECB's Villeroy: There is still scope for further policy easing, the extent is up for debate
Member of the European Central Bank (ECB) Governing Council and Bank of France Governor Francois Villeroy de Galhau said late Tuesday that there is still room to lower interest rates further, and the 2.5% deposit rate could fall to 2% by the end of the summer, per Reuters.Fxstreet
Wed, Mar 26
IMF reaches staff-level deal with Pakistan to unlock $1.3 billion of new cash
By Kanishka Singh and Ariba Shahid WASHINGTON/KARACHI, March 25 (Reuters) - International Monetary Fund staff reached a deal with Pakistan for a new $1.3 billion arrangement and also agreed on the first review of the ongoing 37-month bailout program, the IMF said on Tuesday. Pending board appr...Reuters
Tue, Mar 25
S&P U.S. Economic Outlook Sees Growth Losing Steam Amid Shifting Policies
March 25 (Reuters) - S&P: U.S. ECONOMIC OUTLOOK SEES GROWTH LOSING STEAM AMID SHIFTING POLICIESS&P ON U.S. ECONOMY: FORECAST INFLATION TO REMAIN CLOSER TO 3.0% IN 2025 AS TARIFFS INCREASE PRICES ALONG DOMESTIC SUPPLY CHAIN & FOR END CONSUMERSS&P ON U.S. ECONOMY: COMES AMID SHIFTING P...Reuters
Tue, Mar 25
US President Donald Trump vows that tariffs will create jobs
United States (US) President Donald Trump spoke to reporters on Tuesday, reiterating his insistence that his administration's tariff proposals will increase government revenues, create jobs, and counter-intuitively lower taxes, three key components of all government trade policy that tend to move in opposite directions of each other.Fxstreet
Tue, Mar 25
TREASURIES-US yields drift lower after poor consumer confidence data
US consumer confidence reading falls in MarchFed's Kugler sees slow progress on US inflationUS two-year note auction results were better than expected By Gertrude Chavez-Dreyfuss and Douglas Gillison NEW YORK/WASHINGTON, March 25 (Reuters) - U.S. Treasury yields slipped on Tuesday, pressured ...Reuters
Tue, Mar 25
Rubio to discuss energy security, illegal migration in Caribbean trip
By Humeyra Pamuk and Sarah Morland WASHINGTON, March 25 (Reuters) - U.S. Secretary of State Marco Rubio will discuss energy security in the Caribbean, illegal immigration and dismantling of transnational criminal networks during a trip to the region later this week, State Department officials sai...Reuters
Tue, Mar 25
WRAPUP 2-Rising fears of tariffs pummel US consumer confidence to four-year low
Consumer confidence index tumbles to four-year low in MarchFuture expectations measure lowest in 12 yearsInflation still a major concern; fears about tariffs mountingBy Lucia Mutikani WASHINGTON, March 25 (Reuters) - U.S. consumer confidence plunged to the lowest level in more than four years in ...Reuters
Tue, Mar 25
Mexican Peso slips despite strong Retail Sales, Banxico dovish bets weigh
The Mexican Peso (MXN) dips against the US Dollar (USD) in early trading during Tuesday’s North American session, as the emerging market currency fails to advance following a strong Retail Sales report for January, released by the Instituto Nacional de Estadística, Geografía e Informática (INEGI).
Fxstreet
Tue, Mar 25
Ukraine pivots to accept limited peace deal
President of the Ukraine Volodymyr Zelenskyy announced on Tuesday that Ukraine would be immediately implementing a proposed ceasefire that would see both Ukraine and Russia stop targeting energy infrastructure as Vladimir Putin pushes on with his three-day invasion of Ukraine which has stretched into 1,125 days and still counting.Fxstreet
Tue, Mar 25
Euro zone bond yields rise as tariff optimism offers respite to risky assets
Risky assets boosted by signs Trump may be flexible on tariffsImproved German business morale helps US service sector PMI unexpectedly strongBy Yadarisa Shabong March 25 (Reuters) - Euro zone bond yields rose on Tuesday as traders piled into risky assets on signs of flexibility in the next round ...Reuters
Tue, Mar 25
CORRECTED-US consumers slow spending as inflation bites, Synchrony says
US consumers curb spending amid high prices, economic concernsPurchase volumes are down across the industry, Synchrony saysAmericans have been accumulating more debt Delinquencies expected to increase as student loan forbearance endsBy Nupur Anand NEW YORK, March 25 (Reuters) - U.S. consumers hav...Reuters
Tue, Mar 25
US new home sales rebound in February
WASHINGTON, March 25 (Reuters) - Sales of new U.S. single-family homes rebounded in February as warmer weather and a decline in mortgage rates pulled buyers from the sidelines, but growing uncertainty over the economy's outlook could curb further gains.New home sales increased 1.8% to a seasonal...Reuters
Tue, Mar 25
TREASURIES-US yields dip after weak consumer confidence data
US consumer confidence reading falls in MarchFed's Kugler sees slow progress on US inflationFocus on US two-year note auctionBy Douglas Gillison and Davide Barbuscia March 25 (Reuters) - U.S. Treasury yields were mostly lower on Tuesday, pressured by weak consumer confidence data and a still ...Reuters
Tue, Mar 25
White House: US and Russia agree to ban strikes against energy facilities of Russia and Ukraine
In a statement released on Tuesday, the White House noted that the US and Russia agreed to measures for implementing the agreement to ban strikes against energy facilities of Russia and Ukraine, per Reuters.Fxstreet
Tue, Mar 25
