News
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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
EUR: Tied to 1.12, but looking up – ING
The Euro (EUR) has been only marginally impacted by domestic news this week. 1Q growth was revised a touch lower from 0.4% to 0.3% yesterday, although March industrial production figures were stronger than expected, ING's FX analyst Francesco Pesole notes
Fxstreet
Fri, May 16
Singapore says its growth forecast may need further adjustment amid uncertainty
By Jun Yuan Yong SINGAPORE, May 16 (Reuters) - Singapore's economic growth forecast may need to be adjusted further, its trade minister said on Friday, as uncertainty remains despite a recent breakthrough in U.S.-China tariff negotiations.Trade Minister Gan Kim Yong, also deputy prime minis...Reuters
Fri, May 16
REFILE-New Jersey Transit rail strike, first in four decades, begins as wage talks stall
NJ Transit rail engineers strike after contract talks failGovernor Murphy urges resumption of negotiations for fair dealTransit agency plans contingency measures, urges remote workBy Joseph AxPRINCETON, New Jersey, May 16 (Reuters) - New Jersey's commuter rail engineers walked off the job early ...Reuters
Fri, May 16
U.S. recession no longer likely after trade truce, says Barclays
LONDON, May 16 (Reuters) - Barclays no longer expects the U.S. economy to slip into a recession later this year and has revised up its growth forecasts, given signs of a de-escalation in U.S.-China trade tensions, the bank said in a note released late Thursday.Barclays said it now expects the U.S. e...Reuters
Fri, May 16
Japan's economy shrinks more than expected as US tariff hit looms
TOKYO, May 16 (Reuters) - Japan's economy shrank for the first time in a year and at a faster pace than expected, data for the March quarter showed on Friday, underscoring the fragile nature of its recovery now under threat from U.S. President Donald Trump's trade policies.Reuters
Fri, May 16
EXPLAINER-Third time lucky? South Africa needs to plug $4.1 billion budget hole
By Colleen Goko and Siyanda Mthethwa JOHANNESBURG, May 16 (Reuters) - Finance Minister Enoch Godongwana returns to parliament on May 21 for a third try at passing South Africa's budget, after disputes with coalition partners over plans to increase tax scuppered two previous attempts.Godongwan...Reuters
Fri, May 16
