News
Important Only
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
Thu, May 1
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
Thu, May 1
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
Thu, May 1
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
Thu, May 1
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
Thu, May 1
Singapore PM urges voters to re-elect his cabinet to deal with US, China
PM Wong urges voters to stick with his team in face of US tariffs, US-China tensionsLast day of campaigning ahead of May 3 electionSix parties and one independent candidate hold final ralliesBy Xinghui Kok SINGAPORE, May 1 (Reuters) - Singaporeans need to vote for candidates who have built up tru...Reuters
Thu, May 1
JGB yields slide after BOJ cuts economic growth forecasts
TOKYO, May 1 (Reuters) - Japan's government bonds (JGBs) rose, driving yields lower, after the nation's central bank said it became more pessimistic about the economy.The Bank of Japan kept interest rates steady and slashed its growth forecasts on Thursday, as the hit to global demand from h...Reuters
Thu, May 1
Bank of Japan expected to hold interest rate at 0.50% amid US trade war uncertainty
The Bank of Japan (BoJ) will announce its decision on monetary policy after a two-day meeting on Thursday, and market participants widely anticipate policymakers will keep the benchmark interest rate on hold at 0.50%.Fxstreet
Thu, May 1
Australia’s Trade Surplus climbs to 6,900M MoM in March vs. 3,130M expected
Australia’s trade surplus rose to 6,900M MoM in March versus 3,130M expected and 2,852M (revised from 2,968M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.Fxstreet
Thu, May 1