News
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Brazil central bank debated whether inflation risks were now neutral
BRASILIA, May 13 (Reuters) - Brazil's central bank said on Tuesday that it discussed whether the balance of risks to inflation remained slightly asymmetric, albeit less so than in the previous meeting, or whether it could already be considered neutral.In the minutes of last week's decision, ...Reuters
Tue, May 13
COLUMN-Forget Trump. A UK deal with the EU is what matters: Klement
By Joachim Klement May 13 - The comprehensive trade deal announced by the U.S. and UK governments last week was a damp squib, but that shouldn’t worry Downing Street. The bigger prize is closer collaboration with the European Union, and that could accelerate after the UK-EU summit next week.The b...Reuters
Tue, May 13
USD/CNH can continue to weaken – UOB Group
US Dollar (USD) could continue to weaken vs Chinese Yuan (CNH); the major support at 7.1700 is likely out of reach for now. In the longer run, renewed downward momentum suggests 7.1700 is back in sight, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, May 13
Euro zone bond yields hit fresh one-month highs
German 10-year bond yields rise for 4th straight sessionEuro zone bond yields climb amid reduced ECB rate cut betsGerman investor morale improves, ZEW index shows New supply from euro zone, Germany, Italy, Netherlands, according to LSEG IFR By Medha Singh May 13 (Reuters) - A selloff in euro zone...Reuters
Tue, May 13
US small business sentiment declines further in April
WASHINGTON, May 13 (Reuters) - U.S. small-business confidence fell for a fourth straight month in April, with the share of owners reporting job openings declining to the lowest level in more than four years, potentially hinting at a significant labor market slowdown.The National Federation of Indepe...Reuters
Tue, May 13
US court to weigh small business bid to block Trump tariffs
Five plaintiffs include wine importer, musical instrument maker'Minute-by-minute' changes hurt business planning, lawyer saysTrump imposed tariffs while declaring 'national emergency' By Dietrich Knauth NEW YORK, May 13 (Reuters) - Five American small businesses will ask a U.S. co...Reuters
Tue, May 13
CNY: Still facing the threat of deflation – Commerzbank
The latest inflation figures were published in China over the weekend, reporting on price developments in April. Consumer prices rose by 0.1% month-on-month, but the annual price change remained negative for the third consecutive month at -0.1%.
Fxstreet
Tue, May 13
JPY: A sound investment – Commerzbank
Japan's current account surplus remained solid in March. At JPY 3.7 trillion, this was slightly lower than in February. However, when calculated over the last twelve months, a new all-time high of JPY 30.4 trillion was reached, Commerzbank's FX analyst Volkmar Baur notes.
Fxstreet
Tue, May 13
BoE’s Pill: Should not assume MPR forecast is a direct endorsement of market interest rate curve
Bank of England (BoE) Chief Economist Huw Pill said at an event in the London School of Economics (LSE) on Tuesday that markets “should not assume that the latest Monetary Policy Report (MPR) forecast is a direct endorsement of market interest rate curve.”
Fxstreet
Tue, May 13
Chinese exporters to US tread warily as tariff uncertainties linger
US slashes tariffs on China for 90 days, sparking temporary relief among exportersChinese manufacturers explore overseas expansion, fearing instability after tariff pause endsTrade truce timing critical for US holiday orders, but future beyond 90 days uncertainBy Sophie Yu, David Kirton and Ellen Zh...Reuters
Tue, May 13
China's JD.com beats quarterly revenue estimates
May 13 (Reuters) - China's JD.com 9618.HK topped market estimates for quarterly revenue on Tuesday, in a sign the e-commerce giant saw steady demand even as U.S. tariffs and prolonged economic weakness weighed on consumer sentiment. The company reported total revenue of 301.08 billion yuan ($41...Reuters
Tue, May 13
ECB's Makhlouf warns uncertainty will persist even if trade war passes
DUBLIN, May 13 (Reuters) - Uncertainty in the global economy is likely to persist even if a global trade war proves short-lived, European Central Bank governing council member Gabriel Makhlouf said in a speech on Tuesday."Even if a full-blown trade war turns out to be short-lived, the uncertaint...Reuters
Tue, May 13
ECB’s Makhlouf: Uncertainty is weighing on investment
European Central Bank (ECB) Governing Council member and Central Bank of Ireland Governor Gabriel Makhlouf said on Tuesday that “uncertainty is weighing on investment; soft data pointing to a significant cooling in business and consumer sentiment.”Fxstreet
Tue, May 13
U.S. April CPI Report Incoming – A Major Test of Trump’s Tariff Impact
TradingKey – At 8:30 a.m. ET on Monday, May 13, the U.S. will release its April Consumer Price Index (CPI) report, widely seen as the first key indicator to reflect the inflationary impact of President Trump’s new tariffs and the escalating trade war.TradingKey
Tue, May 13
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
ndian Rupee (INR) crosses trade on the front foot at the beginning of Tuesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 94.38, with the EUR/INR pair rising from its previous close at 94.11.Fxstreet
Tue, May 13