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BOJ holds rates, slashes forecasts – Yen falls – BBH
As was widely expected, the Bank of Japan (BOJ) left the policy rate unchanged at 0.50%. The decision was unanimous. The BOJ also reiterated its hawkish guidance that it will continue to raise the policy rate if the outlook for economic activity and prices will be realized.
Fxstreet
19 hours ago
Tesla sales sink again in France, Denmark amid anti-Musk protests
Tesla sales dropped 59.4% year-on-year in France last monthIts sales fell 67.2% year-on-year in DenmarkAgeing line-up, competition, anti-Musk protests hitting sales May 1 (Reuters) - Tesla sales fell in France for a fourth straight month in April and also dropped in Denmark, data showed on Thurs...Reuters
19 hours ago
GBP: On the lookout for warmer European relations – ING
In the UK today, we have local council elections. These normally present an opportunity for voters to punish the ruling party. However, in today's case, the opposition Conservative party seemingly has more to lose, given it has far more councillors up for re-election.
REFILE-Cost of living is a key issue as Singaporeans head to May 3 election
Slowing economy, risk of recession hang over May 3 electionVoters concerned over cost of living, housing availabilitySingapore named 2024 most expensive city to liveBy Jun Yuan Yong and Bing Hong Lok SINGAPORE, May 1 (Reuters) - When 68-year-old Richard Han heads to the ballot box on Saturday ...Reuters
19 hours ago
BNY gets licence for Saudi regional HQ as global banks grow presence
By Manya Saini DUBAI, May 1 (Reuters) - Bank of New York Mellon BK.N has received a licence to set up a regional headquarters in Saudi Arabia, it said on Thursday, joining others lured by incentives as the kingdom seeks to boost its appeal as a financial hub. WHY IT’S IMPORTANT Riyadh has been lo...Reuters
20 hours ago
Pound Sterling extends correction against US Dollar ahead of US Manufacturing PMI
The Pound Sterling (GBP) corrects further, trading slightly below 1.3300 against the US Dollar (USD) during European trading hours on Thursday and extending the decline from its three-year high of 1.3445 posted on Tuesday.Fxstreet
20 hours ago
NZD/USD edges lower to near 0.5900 as US Dollar appreciates ahead of ISM Manufacturing PMI
The NZD/USD pair has trimmed its daily gains and is depreciating, trading near 0.5920 during the early European session on Thursday. The New Zealand Dollar (NZD) faces pressure as expectations mount for further monetary easing by the Reserve Bank of New Zealand (RBNZ).
Fxstreet
21 hours ago
US Dollar Index (DXY) advances to two-week high near 99.75; not out of the woods yet
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts some buyers for the third straight day and climbs to a two-week high, around the 99.70-99.75 region during the Asian session on Thursday.Fxstreet
22 hours ago
US tariffs would take percentage point off Dutch economic growth, CPB says
AMSTERDAM, May 1 (Reuters) - The sweeping trade tariffs announced by U.S. President Donald Trump would reduce economic growth in the Netherlands by a percentage point through 2026, Dutch economic policy adviser CPB said on Thursday.Growth would be 0.4 percentage points lower this year than earlier p...Reuters
22 hours ago