News
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World Bank warns US tariffs on Indian exports to slow South Asia growth next year
NEW DELHI, Oct 7 (Reuters) - The World Bank on Tuesday said higher tariffs on Indian goods exported to the U.S. will drag the South Asian growth rate in 2026, even as the current year remains shielded by government spending.The World Bank said growth in South Asia is expected to slow sharply to 5.8%...Reuters
Tue, Oct 7
World Bank lifts growth forecast for Middle East region, Iran suffers contraction
LONDON, Oct 7 (Reuters) - The World Bank has lifted its growth outlook for the region encompassing the Middle East, North Africa, Afghanistan and Pakistan for 2025, though trimmed its forecast for next year, citing conflict and lower oil production in Iran and Libya. The Washington-based lender said...Reuters
Tue, Oct 7
World Bank lifts China 2025 GDP forecast to 4.8% ahead of a slowdown next year
LONDON, Oct 7 (Reuters) - The World Bank lifted its 2025 growth projection for China to 4.8% and raised its forecast for much of the region, but warned of a slowing momentum next year, citing low consumer and business confidence and weak new export orders. Publishing its biannual economic outlook fo...Reuters
Tue, Oct 7
World Bank lifts Latin America economic growth estimate for 2026
By Rodrigo Campos NEW YORK, Oct 7 (Reuters) - The World Bank nudged up its estimate for economic growth in Latin America and the Caribbean next year, though the region remains the world's slowest-growing due to stubborn inflation, high debt and rising uncertainties due to U.S. tariff policies...Reuters
Tue, Oct 7
EUR/GBP stays near 0.8700, further downside appears due to political instability in France
EUR/GBP stays silent after two days of losses, trading around 0.8690 during the Asian hours on Tuesday. The currency cross may further lose as the Euro (EUR) struggles after France's new Prime Minister Sebastien Lecornu and his government resigned on Monday.
Fxstreet
Tue, Oct 7
US Dollar Index remains above 98.00 despite Fed rate cut bets, government shutdown
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending gains for the second successive session and trading around 98.20 during the Asian hours on Tuesday.Fxstreet
Tue, Oct 7
Japan’s Kato says will monitor for excess FX fluctuations, disorderly movement
Japanese Finance Minister Katsunobu Kato said on Tuesday that he will closely monitor the foreign exchange (FX) moves, adding that it’s important for currencies to move in a stable manner reflecting fundamentals.Fxstreet
Tue, Oct 7
Australian Dollar loses ground following Westpac Consumer Confidence data
The Australian Dollar (AUD) loses ground against the US Dollar (USD) on Tuesday, retracing its recent gains from the previous session. The AUD/USD pair depreciates following the release of October's Westpac Consumer Confidence and September’s ANZ Job Advertisements.
Fxstreet
Tue, Oct 7
Fed's Schmid says rates are 'appropriately calibrated'
Schmid's remarks align him with policy hawks at divided FedInflation remains high, with services inflation at 3.5%, he saysSchmid says Fed must maintain inflation credibilityBy Ann Saphir Oct 6 (Reuters) - Kansas City Federal Reserve Bank President Jeff Schmid on Monday signaled he is disincl...Reuters
Mon, Oct 6
