News
Important Only
USD: A few days of key data ahead – ING
The US Dollar’s underwhelming start of the week served as a reminder that even if the worst of the confidence crisis on the dollar’s reserve value may be past us, markets remain very much minded to link the greenback’s faith with US economic performance.Fxstreet
Tue, Apr 29
India queries Apple, Xiaomi in e-commerce probe of Amazon, Flipkart, sources say
Amazon, Flipkart face growing scrutiny in IndiaInvestigation progressing just as US-India near trade dealIndian agency has sought sales data from players like AppleSmall traders say e-commerce companies hurt their businessBy Aditya Kalra NEW DELHI, April 29 (Reuters) - India's financial crime...Reuters
Tue, Apr 29
Stagflation fears rise as US manufacturing slumps – Commerzbank
The Dallas Fed's Manufacturing Activity Indicator delivered more bad news yesterday. At roughly -36, it was almost 19 points worse than expected. New orders plummeted significantly, while prices paid rose significantly. No wonder that the US dollar came under pressure again yesterday.Fxstreet
Tue, Apr 29
Swedbank quarterly profit beats forecast despite tariff gloom
Swedbank Q1 results better than expectedReversed loan losses contributed to beatTariff war dampened mood in home marketsBy Johan Ahlander STOCKHOLM, April 29 (Reuters) - Swedish banking group Swedbank SWEDa.ST reported better than expected first-quarter net profit on Tuesday, driven by lower loan...Reuters
Tue, Apr 29
JOLTS job openings expected to ease in March before key employment report release
The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the United States (US) Bureau of Labor Statistics (BLS). The publication will provide data about the change in the number of job openings in March, alongside the number of layoffs and quits.Fxstreet
Tue, Apr 29
Pound Sterling ticks lower as traders continue to favor BoE dovish bets
The Pound Sterling (GBP) edges lower against its major peers on Tuesday in the European session. The British currency ticks down as traders become increasingly confident that the Bank of England (BoE) will reduce interest rates in the May policy meeting.
Fxstreet
Tue, Apr 29
Central Europe must diversify to mitigate tariff hit, Moody's Analytics
Trade war slashes growth outlook in Czech Republic, Romania and HungaryBudget deficits in Poland and Romania scale EU's highest levelsRigid spending puts "huge pressure" on Poland deficit cut effortsRomania should move "very urgently" to accelerate budget cutsBy Gergely Szakacs ...Reuters
Tue, Apr 29
US Dollar Index maintains position above 99.00 as US-China trade concerns weaken
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, is rebounding after falling over 0.50% in the previous session. The DXY is trading around 99.20 during the European hours on Monday.Fxstreet
Tue, Apr 29
EUR/INR: Indian Rupee cross rates down at the start of the European session
Indian Rupee (INR) crosses trade with a negative bias at the start of Tuesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 97.17, with the EUR/INR pair declining from its previous close at 97.26.Fxstreet
Tue, Apr 29
