News
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Mexican Peso holds steady, poised for weekly losses
The Mexican Peso (MXN) remained firm against the US Dollar (USD), though it is poised to finish the week with losses of over 0.40% after economic data revealed in Mexico painted a gloomy economic outlook, despite the fact that the economy surprisingly grew in the first quarter of 2025.
Fxstreet
Fri, May 2
Trump proposes $163 billion cut to US budget that slashes domestic spending
Trump seeks big boost in homeland security spendingBudget plan aims to cut non-defense discretionary spending 23%Critics say budget cuts services needed by working AmericansBy Andrea Shalal, James Oliphant and Bo Erickson WASHINGTON, May 2 (Reuters) - U.S. President Donald Trump's administrat...Reuters
Fri, May 2
TREASURIES-Yields rise on solid jobs gains, rate cut bets pushed to July
Employers added 177,000 jobs in AprilTreasury to auction 3-, 10-, 30-year debt next weekTraders pus bets on next rate cut to JulyJapan says could use Treasury holdings in trade negotiationsBy Karen Brettell May 2 (Reuters) - U.S. Treasury yields rose to a one-week high on Friday after data showed...Reuters
Fri, May 2
Monero and Zcash hold steady despite EU's plan to ban privacy tokens by 2027
Monero (XMR) and Zcash (ZEC) saw a 5% and 3% gain, respectively, on Friday despite the European Union (EU) indicating plans to ban privacy tokens in its new anti-money laundering regulations (AMLR), set to take effect by 2027.Fxstreet
Fri, May 2
Dow Jones soars 600 points as NFP data calms recession fears, weekly gains top 3%
The Dow Jones Industrial Average (DJIA) rallied over 600 points, or over 1.65%, on Friday following a solid US jobs report that brushed aside fears that the largest economy in the world is tied into a recession.Fxstreet
Fri, May 2
WRAPUP 4-US labor market resilient ahead of tariff turbulence
Nonfarm payrolls increase by 177,000 jobs in AprilFebruary, March payrolls count revised down by 58,000 jobsUnemployment rate unchanged at 4.2%; labor force swellsAverage hourly earnings rise 0.2%; up 3.8% year-on-yearAverage workweek steady at an upwardly revised 34.3 hoursBy Lucia Mutikani WASH...Reuters
Fri, May 2
Tesla's new car sales in Italy rise in April but still down 4% year to date
MILAN, May 2 (Reuters) - Tesla's TSLA.O new car registrations in Italy were up in April for a second month in a row but were still down an overall 4% in the first four months of the year, data from the Transport Ministry showed on Friday.New registrations of Tesla vehicles grew 29% in April from...Reuters
Fri, May 2
Bund yields set for biggest daily rise in two months after US data
By Stefano Rebaudo May 2 (Reuters) - Euro area benchmark Bund yields were on track for their biggest daily rise since early March, tracking moves from U.S. Treasuries after strong jobs data.Borrowing costs had risen early in the session as investors scaled back bets on European Central Bank rate ...Reuters
Fri, May 2
Barclays, Goldman expect next Fed rate cut in July after jobs report
May 2 (Reuters) - Barclays and Goldman Sachs said on Friday that they were expecting the U.S. Federal Reserve to deliver the next interest rate cut in July, after a stronger-than-expected jobs report.They had previously forecast a rate cut in June.Data on Friday showed, nonfarm payrolls increased mo...Reuters
Fri, May 2
Fed gets no reason to rush on rate cuts as job market holds up
Traders now see the Fed waiting until July to start rate cutsTariffs' effect on labor market not yet feltFirm jobs report means Fed's focus remains on containing inflationBy Ann Saphir May 2 (Reuters) - Federal Reserve policymakers on the alert for possible cracks in the labor market as b...Reuters
Fri, May 2
