News
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Brazil's bank lending picks up in April despite tight borrowing costs
BRASILIA, May 29 (Reuters) - Brazilian bank lending accelerated in April despite tight borrowing costs, central bank data showed on Thursday, highlighting the resilience of economic activity even after aggressive monetary tightening.Outstanding credit rose 0.7% from the previous month to 6.6 trillio...Reuters
Thu, May 29
US corporate profits decrease sharply in first quarter
WASHINGTON, May 29 (Reuters) - U.S. corporate profits fell sharply in the first quarter and could continue to be squeezed this year by higher costs from tariffs that are threatening to undercut the economic expansion.Profits from current production with inventory valuation and capital consumption ad...Reuters
Thu, May 29
US weekly jobless claims rise more than expected as labor market eases
WASHINGTON, May 29 (Reuters) - The number of Americans filing new applications for unemployment benefits increased more than expected last week, while the jobless rate appeared to have picked up in May as labor market conditions continue to ease.Initial claims for state unemployment benefits rose 14Reuters
Thu, May 29
US: Initial Jobless Claims increased to 240K last week
US citizens filing new applications for unemployment insurance climbed to 240K for the week ending May 24, as reported by the US Department of Labor (DOL) on Thursday. This print came in above initial estimates and the previous week's revised tally of 226K (from 227K).Fxstreet
Thu, May 29
RPT-BREAKINGVIEWS-Powell’s task: reshaping weapons for the last war
By Gabriel RubinWASHINGTON, May 28 (Reuters Breakingviews) - Federal Reserve Chair Jerome Powell wants the central bank's tools to reflect its current wars, not its past ones. After years of seeking escape from miserly growth, the central bank’s sluggish response to post-pandemic inflation came ...Reuters
Thu, May 29
EUR flat vs. USD following swift recovery of trade-related losses – Scotiabank
Euro (EUR) is entering Thursday’s NA session nearly flat against the US Dollar (USD), having recovered from sizeable Asian session losses driven by headlines related to trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Thu, May 29
USD/CNH: Likely to trade in a range between 7.1800 and 7.2300 – UOB Group
Increase in momentum is likely to lead to US Dollar (USD) advance, potentially to 7.2130. In the longer run, for now, USD is likely to trade in a range between 7.1800 and 7.2300, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, May 29
