News
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Euro zone markets functioning well, ECB attentive to FX movements, Lagarde says
WARSAW, April 11 (Reuters) - Euro zone financial markets are functioning well amid global turbulence and the European Central Bank is attentive to the impact of the U.S. dollar's depreciation, ECB President Christine Lagarde said on Friday. "In Europe and in the euro area in particular, we h...Reuters
Fri, Apr 11
Sterling falls against euro, rises versus dollar as traders focus on trade war
By Lucy Raitano LONDON, April 11(Reuters) - The pound fell versus the euro and rose versus the dollar on Friday, reflecting a sell-off in U.S. assets as traders flee to safe-haven currencies amid an escalating global trade war, while better-than-expected UK GDP figures barely moved the dial. At ...Reuters
Fri, Apr 11
Remaining 10% tariffs are a blow to global economy, EU's Dombrovskis says
WARSAW, April 11 (Reuters) - Tariffs of 10% that remain after U.S. President Donald Trump's decision to temporarily suspend higher duties are a blow to the global economy and the economic outlook is becoming more unpredictable, European Union Commissioner for the Economy Valdis Dombrovskis said ...Reuters
Fri, Apr 11
CEE MARKETS-Central European stocks fall but head for weekly gain, FX near lows
PRAGUE, April 11 (Reuters) - Central European stock markets fell on Friday, but stayed on course to end the week showing gains, winning back a little ground as markets continue to get hit by tariff whiplash.Currencies, meanwhile, were ending a roller-coaster week on a dip, with worries over an escal...Reuters
Fri, Apr 11
Trump expressed strong interest in FX policy in talks with Japan PM, Kyodo reports
TOKYO, April 11 (Reuters) - U.S. President Donald Trump expressed strong interest in Japan's currency policy in phone talks with Japanese Prime Minister Shigeru Ishiba on April 7, Kyodo news agency reported on Friday, citing a Japanese government source.Reuters
Fri, Apr 11
Russian rouble weakens after surging on US-Russia prisoner swap
MOSCOW, April 11 (Reuters) - The Russian rouble weakened on Friday, unravelling some of the more than 3% gains in the previous session that were spurred by a Russia-U.S. prisoner exchange and aided by the U.S. dollar's weakness.By 0915 GMT, the rouble RUB= was down 1% at 84.35 against the dollar...Reuters
Fri, Apr 11
ANALYSIS-Market distress could see trillions of dollar holdings seek currency protection
A fraction of the $33 trillion invested in US markets is protectedDollar distress may force global investors to hedge US holdingsAnalysts estimate trillions of dollars may be sold as part of hedgesJapanese, Aussie lifers and pensions could seek to hedge moreBy Vidya Ranganathan SINGAPORE, April 1...Reuters
Fri, Apr 11
Is the Global Monetary System Entering a Century-Defining Shift? Dollar Plummets Below 100, as Euro and Yen Surge
TradingKey – This week, the U.S. dollar continued its decline, while traditional safe-haven currencies such asthe Japanese yen, euro, and Swiss franc rallied. Trump’s unpredictable tariff shifts have eroded investor confidence in both the U.S. economy and its government’s credibility.
China's yuan rebounds from 2007 lows, but slides against trading partners
Yuan slips to 19-month low against trading partnersPBOC wary of sharp yuan declinesAnalysts see limited impact of yuan weakening on tariffs SHANGHAI, April 11 (Reuters) - China's yuan bounced off a 2007 trough against a weaker dollar on Friday, but it slipped to a 19-month low against currenc...Reuters
Fri, Apr 11
Iron ore set for weekly loss as US-China trade war dents demand outlook
By Amy Lv and Colleen Howe BEIJING, April 11 (Reuters) - Iron ore futures flitted sideways on Friday, but were on track for a weekly loss, as escalating trade tensions between the United States and China - the world's two largest economies - clouded the outlook on demand. The most-traded Sept...Reuters
Fri, Apr 11
RPT-COLUMN-US still facing 1930s tariff shock, vice tightens around China: McGeever
By Jamie McGeeverORLANDO, Florida, April 10 (Reuters) - With the dust now settled on the euphoric market rebound following President Donald Trump's trade war climb-down, investors are realizing that the global economy still faces the most punishing U.S. tariffs in nearly 100 years. The picture i...Reuters
Fri, Apr 11
COLUMN-Tariffs or no tariffs, the dollar correction is finally here: Jen
By Stephen JenApril 11 (Reuters) - The dollar appears set to embark on a multi-year correction against a wide range of currencies, even in the absence of a trade war, as the dollar’s lofty Wall Street valuation runs up against Main Street reality. After the announcement of broad-based tariffs on Pre...Reuters
Fri, Apr 11
China's yuan rebounds from 2007 lows, but slides against trading partners
Yuan slips to 19-month low against trading partnersPBOC wary of sharp yuan declinesAnalysts see limited impact of yuan weakening on tariffs SHANGHAI, April 11 (Reuters) - China's yuan bounced off a 2007 trough against a weaker dollar on Friday, but it slipped to a 19-month low against currenc...Reuters
Fri, Apr 11
SNB declines comment on Swiss franc as currency surges
ZURICH, April 11 (Reuters) - The Swiss National Bank has no comment about the Swiss franc, a spokesperson for the central bank said on Friday as the currency rose to a decade high against the dollar as waning confidence in the U.S. economy prompted investors to ditch U.S. assets.Reuters
Fri, Apr 11
FOREX-Dollar sinks to decade-low vs Swiss franc as US hit by loss of confidence
Analysts see loss of confidence in U.S. assets on Trump trade policiesEuro leaps to three-year peak, gold marks fresh all-time highYen hits multi-month high after selloff in U.S. shares, Treasuries Yuan strengthens despite escalating U.S. trade war with ChinaBy Kevin Buckland TOKYO, April 11 (Reu...Reuters
Fri, Apr 11
EUR/USD appreciates to near 1.1350 as the EU suspends tariffs on US imports
EUR/USD extends its gains for the second successive day, trading near 1.1350 during Friday’s Asian session. The Euro (EUR) strengthened after the European Union (EU) announced a 90-day pause on new 25% tariffs on the United States (US), aiming to create space for trade negotiations.Fxstreet
Fri, Apr 11
