News
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Chinese Embassy in the US: China will not compromise its principles in trade talks
Citing the Chinese Embassy in the United States (US), the Global Times, a highly influential China’s media outlet, stated on X early Thursday that Beijing is unlikely to lower tariffs before the talks in Switzerland begin.
Fxstreet
Thu, May 8
USD/INR extends gains due to Fed’s cautious policy outlook, India-Pakistan tensions
The Indian Rupee (INR) loses ground against the US Dollar (USD), extending its losses for the third successive session on Thursday. The USD/INR pair appreciates amid the Federal Reserve’s (Fed) cautious policy outlook.Fxstreet
Thu, May 8
US Presi. Trump: Big news conference Thursday morning concerning a major trade deal
US President Donald Trump announced during the Asian trading hours on Thursday of “a big news conference (Thursday) tomorrow morning at 10:00 a.m. (14 GMT) in the Oval Office. concerning a major trade deal with representatives of a big, and highly respected, country.”Fxstreet
Thu, May 8
AUD/USD advances to near 0.6450, upside appears limited due to Fed cautious tone
The AUD/USD pair edges higher in Thursday’s Asian session, trading around 0.6440 after falling over 1% in the previous session. The pair had previously touched a five-month high of 0.6514 on Wednesday, but retreated amid Federal Reserve’s (Fed) cautious policy outlook.Fxstreet
Thu, May 8
White House does not foresee inflation re-accelerating, Trump adviser tells Fox News
May 7 (Reuters) - White House economic adviser Stephen Miran, asked on Fox News about the Federal Reserve's concerns about the U.S. inflation rate rising again, said President Donald Trump's administration does not believe that is going to happen."We did not believe that, and the preside...Reuters
Thu, May 8
Fed sees rising risks to economy as it leaves rates unchanged
WASHINGTON, May 7 (Reuters) - The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and unemployment had risen, further clouding the U.S. economic outlook as its policymakers grapple with the impact of President Donald Trump's tariffs.Reuters
Thu, May 8
White House's Hassett says he is dismayed Fed has bad economic modeling on tariffs, Fox News
May 7 (Reuters) - White House National Economic Council Director Kevin Hassett on Wednesday told Fox News' 'The Ingraham Angle' program that he was dismayed that the Federal Reserve has bad economic modeling on what might happen with tariffs.Federal Reserve Chairman Jerome Powell said ea...Reuters
Wed, May 7
Brazil central bank hikes rates to near 20-year high, leaves next steps open
Selic rate raised to 14.75%, highest since August 2006Policymakers say scenario requires prolonged restrictive policy Economists suggest potential rate pause in JuneBy Marcela Ayres BRASILIA, May 7 (Reuters) - Brazil's central bank raised interest rates by 50 basis points on Wednesday in a si...Reuters
Wed, May 7
UK RICS house price balance falls to 9-month low in April after tax break ends
RICS survey shows housing market slowdown after tax break endsBoE expected to cut interest rates amid global economic concernsRICS predicts upward pressure on house prices and rentsLONDON, May 8 (Reuters) - Britain's housing market slowed last month after the end of a temporary tax break on home...Reuters
Wed, May 7
Brazil cenbank lifts rates 50 bps, signals data-dependent path
BRASILIA, May 7 (Reuters) - Brazil's central bank raised its benchmark interest rate by 50 basis points to 14.75% in a sixth straight hike, signaling a data-dependent approach ahead as it monitors cooling economic activity and inflation.The decision by the bank's rate-setting committee, know...Reuters
Wed, May 7
FanDuel owner cuts US profit forecast on gamblers' winning streak
'Unprecedented' March Madness results cut U.S. guidanceGroup-wide forecast up on acquisitions, currency impact Sees U.S. gamblers as immune to consumer confidence fallBy Padraic Halpin DUBLIN, May 7 (Reuters) - FanDuel-owner Flutter FLUT.N on Wednesday cut its forecast for full-year U.S. ...Reuters
Wed, May 7
