News
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Mexican Peso holds recent gains as traders await Consumer Confidence data and trade talks outcome
The Mexican Peso (MXN) is trading broadly flat against the US Dollar (USD) in Friday’s European session, as attention turns to upcoming Mexican Consumer Confidence data and a series of Federal Reserve (Fed) speeches, as traders head towards the weekend focusing on the US-China trade discussions to b
Fxstreet
Fri, May 9
Sweden cuts GDP growth forecasts for 2025 and 2026
STOCKHOLM, May 9 (Reuters) - The Swedish government lowered its GDP growth forecast for 2025 and 2026 on Friday to 1.8% and 2.3%, respectively.Its forecast from April was for growth of 2.1% this year and 2.8% in 2026. Finance Minister Elisabeth Svantesson had flagged that this would be revised lower...Reuters
Fri, May 9
Barr: Fed needs to be in wait-and-see stance for now
May 9 (Reuters) - The Federal Reserve needs to be patient in assessing how the Trump administration's tariffs affect the economy - especially inflation and unemployment - before making any adjustments to interest rates, Federal Reserve Governor Michael Barr said on Friday."Growth has been st...Reuters
Fri, May 9
Fed's Kugler says US labor market stable, close to maximum employment
May 9 (Reuters) - Federal Reserve Governor Adriana Kugler on Friday said the U.S. labor market is stable and, based on the current unemployment rate of 4.2% and a range of other measures, is most likely close to the central bank's goal of maximum employment.Kugler's prepared remarks to the C...Reuters
Fri, May 9
EUR/USD bounces back amid uncertainty over upcoming US-China trade talks
EUR/USD rebounds to near 1.1260 during European trading hours on Friday from over a three-week low around 1.1200 earlier in the day. The major currency pair bounces back as the US Dollar (USD) retraces amid caution ahead of the trade talks between the United States (US) and China due on Saturday.
Fxstreet
Fri, May 9
INSIGHT-Amid Trump's muddled trade agenda, one thing is clear: tariffs will be higher
Trump's tariffs have angered trade partners, slowed global economy, roiled marketsPresident's advisers differ on theory underpinning tariffs but most agree tariffs will higher under TrumpKey advisors including Navarro, Miran see 'optimal tariff rate' to boost tax revenues and economy...Reuters
Fri, May 9
Gold rebounds as Dollar retreats ahead of US-China trade talks this weekend
Gold (XAU/USD) pops just shy of 1% on Friday and heads back above $3,325 at the time of writing. The precious metal’s price is edging higher as markets call the trade deal announced on Thursday between the United States (US) and the United Kingdom (UK) a ‘nothingburger’.
Fxstreet
Fri, May 9
Thai central bank chief sees limited policy space ahead of tariffs-induced 'storm'
Sethaput warns against policies to boost consumptionBOT ready to adjust rates, but space limited'Storm is coming', central bank chief says Governor hopes successor will focus on restructuring economyBy Kitiphong Thaichareon BANGKOK, May 9 (Reuters) - Thailand has limited fiscal and moneta...Reuters
Fri, May 9
US-UK trade deal 'good news' but still means higher tariffs, Bank of England governor says
LONDON, May 9 (Reuters) - Bank of England Governor Andrew Bailey said the trade deal concluded between the United States and Britain on Thursday was a good thing but still left tariffs on most British exports to the U.S. higher than they were before last month."It's good news in a world wher...Reuters
Fri, May 9
EXCLUSIVE-India offers to slash tariff gap by two-thirds in dash to seal trade pact with Trump
India offers to narrow tariff gap with U.S. to under 4%India wants exemption from all "current, potential" tariff hikesIndia ready to give preferential access to 90% of U.S. goods India wants U.S. to align it with allies on critical tech By Shubham Batra, Shivangi Acharya and Ira Dugal ...Reuters
Fri, May 9
Greek industrial output rises 1.7% y/y in March
May 9 (Reuters) - Greek industrial output rose by 1.7% year-on-year in March, after an upwardly revised 6.0% increase in February, data from statistics service ELSTAT showed on Friday.A breakdown of index components showed manufacturing production rose 1.9% from the same month in 2024. Electricity o...Reuters
Fri, May 9
Greek EU-harmonised inflation eases to 2.6% y/y in April
May 9 (Reuters) - Greece's annual EU-harmonised inflation slowed to 2.6% in April from 3.1% in March, data showed on Friday.Month-on-month consumer inflation rose by 0.5%The cost of food and non-alcoholic beverages rose 2.1% year-on-year in April, with prices in hotels, cafes and restaurants goi...Reuters
Fri, May 9
