News
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World Bank says Syria arrears cleared, making country eligible for new loans
WASHINGTON, May 16 (Reuters) - The World Bank on Friday said it had cleared Syria's $15.5 million in outstanding debt after receiving payments from Saudi Arabia and Qatar, making the country eligible to apply for millions of dollars in grants for reconstruction and budget support.Saudi Arabia an...Reuters
Fri, May 16
US import prices unexpectedly rise in April
WASHINGTON, May 16 (Reuters) - U.S. import prices unexpectedly rose in April as a surge in the cost of capital goods offset cheaper energy products.Import prices gained 0.1% last month after dropping 0.4% in March, the Labor Department's Bureau of Labor Statistics said on Friday. Economists poll...Reuters
Fri, May 16
US single-family housing starts, building permits fell in April
WASHINGTON, May 16 (Reuters) - U.S. single-family homebuilding fell in April as tariffs on imported materials and high mortgage rates remained major obstacles for the housing market.Single-family housing starts, which account for the bulk of homebuilding, dropped 2.1% to a seasonally adjusted annual...Reuters
Fri, May 16
First new market forecasts for Platinum and Palladium – Commerzbank
A market-leading refiner of Platinum group metals headquartered in London yesterday published its new forecasts for the supply and demand of Platinum group metals, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Fri, May 16
Markets quiet but USD looks vulnerable on pause in Fed cut fade trade – Scotiabank
Markets are quiet heading into Friday’s NA session with limited movement across most of the G10 currencies and minimal dispersion in terms of performance, aside from NZD (outperforming on higher than expected inflation expectation data) and SEK (underperforming in response to Riksbank Gov.Fxstreet
Fri, May 16
USD/CNH: Expected to trade in a sideways range of 7.1970/7.2190 – UOB Group
US Dollar (USD) is expected to trade in a sideways range of 7.1970/7.2190. In the longer run, a breach of 7.2330 would indicate that the likelihood of USD declining to 7.1700 has faded, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, May 16
