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Mexican finance ministry says economy weathered global uncertainty in first quarter
MEXICO CITY, April 30 (Reuters) - Mexico's finance ministry said on Wednesday that solid employment, slowing inflation, and foreign investment helped mitigate the effects of global uncertainty on the Mexican economy during the first quarter.In a statement, the ministry also said oil income fell ...Reuters
40 minutes ago
FOREX-US dollar gains after GDP contraction; other data point to solid economy
US GDP weighed down by imports surge, but consumption remains resilientUS annual headline, core PCE slow in MarchUS rate futures price in four cuts in 2025By Gertrude Chavez-Dreyfuss NEW YORK, April 30 (Reuters) - The U.S. dollar rallied against major currencies on a data-packed Wednesday after a...Reuters
3 hours ago
Brazil finance minister says he expects to talk to Bessent soon
BRASILIA, April 30 (Reuters) - Brazilian Finance Minister Fernando Haddad said on Wednesday he is working to establish a channel with U.S. Treasury Secretary Scott Bessent and a meeting between them should be scheduled soon.Reuters
4 hours ago
Russia's 2025 budget deficit seen rising to 1.5% of GDP because of cheaper oil
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=RUGDPYAP Poll dataBudget deficit seen at three times government target Median inflation forecast is 7.0% in 20252025 GDP growth seen at 1.6% MOSCOW, April 30 (Reuters) - Russia's budget deficit is projected to be 1.5% of gr...Reuters
4 hours ago
US Treasury dealers recommend ending federal debt ceiling
By David Lawder WASHINGTON, April 30 (Reuters) - The U.S. Treasury's primary dealers say they would prefer to end the federal debt ceiling, as it likely increases debt service costs and market volatility and may hurt the dollar's reserve asset status, minutes of the Treasury Borrowing Adv...Reuters
4 hours ago
POLL-Russia's 2025 budget deficit seen rising to 1.5% of GDP because of cheaper oil
MOSCOW, April 30 (Reuters) - Russia's budget deficit is projected to be 1.5% of gross domestic product (GDP) in 2025, three times the government's target, as the country prepares for a prolonged period of low global oil prices, a Reuters poll of economists showed on Wednesday.Oil and gas rev...Reuters
5 hours ago
Canada's GDP contracts by 0.2% in February, slight growth likely in March
Both goods and services industries contracted in FebruaryMining, oil and gas, construction sectors shrunk the mostGrowth likely 0.1% in March, 1.5% in Q1 on annualized basisBy Promit MukherjeeOTTAWA, April 30 (Reuters) - Canada's gross domestic product contracted by 0.2% in February on a monthly...Reuters
5 hours ago
FOREX-US dollar firmer after GDP falls in Q1
US GDP weighed down by import surgeBut US consumption remains resilientUS rate futures price in four cuts in 2025By Gertrude Chavez-Dreyfuss NEW YORK, April 30 (Reuters) - The U.S. dollar rose against major currencies on Wednesday after data showed the world's largest economy shrank in the fi...Reuters
5 hours ago
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.1% lower at C$1.3849 to the greenback, or 72.21 U.S. cents, after trading in a range of 1.3818 to 1.3853.Canadian government 10-year bond yields CA10YT=R...Reuters
6 hours ago
COLUMN-Dazed and confused, markets brace for Trump's second 100 days: McGeever
By Jamie McGeeverORLANDO, Florida, April 30 (Reuters) - The first 100 days of Trump 2.0 were incredibly turbulent for world markets, as tariff-fueled chaos wiped trillions of dollars off U.S. asset prices. What will the second 100 days of President Donald Trump's administration look like? They w...Reuters
6 hours ago
US Treasury dealers recommend ending federal debt ceiling
WASHINGTON, April 30 (Reuters) - The U.S. Treasury's primary dealers say they would like to see the federal debt ceiling disappear, as it likely increases debt service costs and market volatility and may hurt the dollar's reserve asset status, minutes of the Treasury Borrowing Advisory Commi...Reuters
6 hours ago
FOREX-US dollar holds gains after GDP falls in Q1
NEW YORK, April 30 (Reuters) - The U.S. dollar extended gains against major currencies on Wednesday after data showed the world's largest economy slipped in the first quarter, worse than market expectations, but better than the dire predictions touted by some of the biggest U.S. banks.Gross dome...Reuters
6 hours ago
Euro zone consumers happy to ditch US products if hit by tariffs, study finds
FRANKFURT, April 30 (Reuters) - Euro zone consumers are happy to ditch U.S. products if they are hit by tariffs in the course of a tit-for-tat trade war with U.S. President Donald Trump's administration, a European Central Bank survey showed.The ECB's Consumer Expectations Survey, conducted ...Reuters
6 hours ago
FOREX-Dollar firms as trade tensions ease but safe havens eye monthly gains
Dollar lifts slightly after latest Trump tariff back-trackEuro set for strongest monthly performance since November 2022Yen steady ahead of Bank of Japan policy decision Investors await US advance GDP data By Lucy Raitano and Ankur Banerjee London, April 30 (Reuters) - The dollar firmed on We...Reuters
7 hours ago
Sterling set for strongest monthly performance against dollar since November 2023
By Lucy Raitano London, April 30 (Reuters) - Sterling fell against a firmer dollar on Wednesday but stayed close to a three-year high and is on track for its strongest monthly performance since November 2023, as markets stay focused on looming key U.S. economic data.At 1046 GMT, the pound was dow...Reuters
9 hours ago
Foreign demand for US assets seen waning unless USD slides more, says Goldman Sachs
NEW YORK, April 30 (Reuters) - Foreign investor appetite for U.S. dollar assets may wane unless the currency depreciates further, said Goldman Sachs' chief economist, cautioning that a downward trajectory is expected even in the absence of a meaningful economic slowdown.
Reuters
9 hours ago
RPT-COLUMN-Sterling sneaks higher as UK assets rally: Mike Dolan
By Mike Dolan LONDON, April 30 (Reuters) - Sterling's quiet rise to a three-year high against the ailing dollar has bypassed many observers, reflecting some rare appetite for British assets and giving the Bank of England a nudge to catch up on monetary easing next week.The big currency story ...Reuters
9 hours ago
Dollar firmer but safe-havens set for stellar monthly rises as tariff worries persist
London, April 30 (Reuters) - The dollar was firmer on Wednesday but remained on track for its weakest monthly performance since November 2022, as perceived safe havens headed for monthly gains amid worries about U.S. trade policies under President Donald Trump.Reuters
9 hours ago