News
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Norway's central bank is prepared for more market volatility, governor says
By Gwladys Fouche OSLO, April 8 (Reuters) - Norway's central bank is closely monitoring the current situation in financial markets and will be prepared for continued volatility, Norges Bank Governor Ida Wolden Bache told Reuters on Tuesday. Stocks worldwide swung wildly on Monday as in...Reuters
Tue, Apr 8
US Dollar softens with equities turning green
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades above 103.20 at the time of writing on Tuesday, slightly lower in the day while risk on is trying to take over market sentiment.Fxstreet
Tue, Apr 8
PBOC signals weaker yuan as USD/CNH tests resistance – BBH
The Shanghai Composite Index recovered slightly today after diving by roughly 9% on Monday. China’s state fund manager, controlled by the Ministry of Finance, confirmed it had taken action to increase its holdings of stock market index funds and promised to buy more, BBH FX analysts report.Fxstreet
Tue, Apr 8
Singapore PM says US universal tariff doesn't look open for negotiation
SINGAPORE, April 8 (Reuters) - Singapore Prime Minister Lawrence Wong said on Tuesday a 10% universal tariff rate imposed by the United States does not look open for negotiation and warned of potential upheaval in the domestic economy from a global escalation of trade disputes.Wong in an address to ...Reuters
Tue, Apr 8
EUR/USD struggles to extend recovery amid fears of potential Eurozone-US tariff war
EUR/USD trades higher in Tuesday’s European trading session but struggles to reclaim the psychological figure of 1.1000. The major currency pair tussles for more upside as the US Dollar Index (DXY) strives to extend its two-day recovery move above Monday’s high of 103.50.
Fxstreet
Tue, Apr 8
ECB's Stournaras says higher inflation from U.S. tariffs could delay monetary policy normalisation
ATHENS, April 8 - ECB's policymaker Yannis Stournaras said on Tuesday that an expected higher inflation and a global trade war following U.S. President Donald Trump's tariffs could delay normalization of euro zone's monetary policy.Reuters
Tue, Apr 8
Citi cuts China GDP growth forecast to 4.2% from 4.7% for 2025
BEIJING, April 8 (Reuters) - Citi cut China's GDP growth forecast to 4.2% from 4.7% for 2025, citing rising external risks.Citi said in a note that high tariffs could drag China's growth further by at least 1.5 percentage points on an annualised basis, with an extra impact of about 0.6 perc...Reuters
Tue, Apr 8
Pound Sterling recovers against USD as US recession fears boost Fed dovish bets
The Pound Sterling (GBP) bounces back to near 1.2800 against the US Dollar (USD) in Tuesday’s European session from over a month’s low of 1.2708 posted on Monday. The GBP/USD pair recovers as the US Dollar resumes its downside move after a short-lived recovery in the last two trading days.
Fxstreet
Tue, Apr 8
TREASURIES-Sudden selloff shakes US bond market
SINGAPORE, April 8 (Reuters) - U.S. Treasuries extended a sharp retreat on Tuesday as investors were having to sell bonds to cover losses in other assets and scrambled to unwind expectations for deep U.S. rate cuts, in the latest unsettling sign of possible stress in financial markets. Monday's...Reuters
Tue, Apr 8
