News
Important Only
US manufacturing output slows in March; tariffs cloud hangs over factories
WASHINGTON, April 16 (Reuters) - U.S. manufacturing production rose moderately in March and could decelerate further amid President Donald Trump's global tariffs, which have sparked a trade war with China.Factory output increased 0.3% last month after an upwardly revised 1.0% rebound in February...Reuters
Wed, Apr 16
USD/JPY struggles to hold 142.00 as US-China trade war batters US Dollar
The USD/JPY pair struggles to hold the key support of 142.00 during North American trading hours on Wednesday, the lowest level seen in over four months. The pair faces selling pressure as the US Dollar has been hit hard by intensifying trade war between the United States (US) and China.
Fxstreet
Wed, Apr 16
US Retail Sales rise by 1.4% in March vs. 1.3% expected
Retail Sales in the United States (US) rose by 1.4% in March to $734.9 billion, the US Census Bureau announced on Wednesday. This reading followed the 0.2% increase recorded in February and came in slightly better than the market expectation for an increase 1.3%.Fxstreet
Wed, Apr 16
US retail sales surge in March due to motor vehicle buying ahead of tariffs
WASHINGTON, April 16 (Reuters) - U.S. retail sales surged in March as households boosted purchases of motor vehicles ahead of tariffs, though concerns about the economic outlook are hurting discretionary spending.Retail sales increased 1.4% last month after an unrevised 0.2% rise in February, the Co...Reuters
Wed, Apr 16
RPT-BREAKINGVIEWS-US-China decoupling is crossing a Rubicon
By Una GalaniHONG KONG, April 15 (Reuters Breakingviews) - Decoupling is no longer just a political slogan. For the past decade, American administrations have tempered their references to China as an adversary by also talking up how the Asian country could be a potential partner. That optimism is la...Reuters
Wed, Apr 16
Citizens Financial's first-quarter profit falls as interest income declines
April 16 (Reuters) - Citizens Financial CFG.N reported a fall in first-quarter profit on Wednesday, hurt by lower interest income amid economic uncertainty.U.S. President Donald Trump's trade policies have sparked concerns over rising inflation and a potential recession, weakening consumer confi...Reuters
Wed, Apr 16
USD/CAD declines to near 1.3900 ahead of BoC’s monetary policy decision
The USD/CAD pair falls sharply to near 1.3900 in Wednesday’s European session. The Loonie pair weakens as the US Dollar (USD) falls back after a short-recovery move on Tuesday. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, slumps to near 99.40.Fxstreet
Wed, Apr 16
US 30-year mortgage rate jumped last week to 2-month high
April 16 (Reuters) - The interest rate for the most popular U.S. home loan jumped to 6.81% last week, its highest level in two months, following a turbulent week for financial markets as President Donald Trump pressed on with a deepening trade war. The average contract rate on a 30-year fixed-rate m...Reuters
Wed, Apr 16
