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China trade escalation unfortunate, loss for them, US Treasury secretary says
WASHINGTON, April 9 (Reuters) - China's move to impose 84% retaliatory tariffs against the United States is unfortunate and a losing proposition for Beijing, U.S. Treasury Secretary Scott Bessent said on Wednesday."I think it's unfortunate that the Chinese actually don't want to come...Reuters
Wed, Apr 9
FOREX-US asset selloff hammers dollar against safe-haven currencies, euro
US Treasury selloff intensifies concerns over US assets Safe-havens in demand as US tariffs versus China take effectYen climbs, Swiss franc scales six-month high against dollarBy Stefano Rebaudo April 9 (Reuters) - The U.S. dollar dropped versus safe-haven currencies and the euro on Wednesday as ...Reuters
Wed, Apr 9
Sterling hits one-year low versus euro as investors rush into safe havens
By Stefano Rebaudo April 9 (Reuters) - The pound hit a one-year low versus the euro and a new 7-month low versus the yen on Wednesday, as a U.S. asset selloff spooked investors, triggering a rush into safe-haven currencies.Stocks, the dollar and U.S. Treasuries took a hit on Wednesday, as U.S. ta...Reuters
Wed, Apr 9
QUOTES-Market meltdown as U.S. tariffs kick in, bonds at the epicentre
LONDON, April 9 (Reuters) - Global markets were took a beating again on Wednesday as U.S. President Donald Trump's eye-watering 104% tariffs on China took effect, and a savage selloff in U.S. bonds sparked fears that foreign funds were fleeing U.S. assets. U.S. Treasuries extended l...Reuters
Wed, Apr 9
RPT-COLUMN-Yuan may be cat among FX pigeons: Mike Dolan
By Mike Dolan LONDON, April 9 (Reuters) - Currency markets have struggled all year to decide whether Washington's trade war is good or bad for the U.S dollar. Beijing may make up their minds for them.Whatever President Donald Trump plans next in his worldwide 'reciprocal' tariff attac...Reuters
Wed, Apr 9
Yuan falls to 2007 lows as US tariffs on China kick in
Onshore yuan closes at lowest since 2007 Offshore yuan bounces after sliding to record low overnight Chinese state banks selling dollars to stabilise markets SINGAPORE/HONG KONG, April 9 (Reuters) - China's yuan ended at its weakest level in more than 17 years on Wednesday after its offshore...Reuters
Wed, Apr 9
Taiwan c.bank monitoring tariff impact, will make 'timely' monetary policy adjustments
TAIPEI, April 9 (Reuters) - Taiwan's central bank said on Wednesday that it will continue to monitor the impact of U.S. tariffs and Taiwan's own economic and financial situation and make "timely adjustments" to its monetary policy.The central bank, in a report to lawmakers, said it w...Reuters
Wed, Apr 9
EXCLUSIVE-ECB braces for bigger-than-anticipated growth hit from tariffs - sources
Staff told to review estimate after Trump's tariffsLower growth seen dragging down inflationBy Balazs Koranyi and Francesco Canepa FRANKFURT, April 9 (Reuters) - Euro zone economic growth could fall much more from the impact of U.S. trade tariffs than initially estimated by the European Centr...Reuters
Wed, Apr 9
CEE MARKETS-Stocks extend losses as Trump's tariff's kick in
BUDAPEST, April 9 (Reuters) - Central European stocks weakened on Wednesday as U.S. President Donald Trump's "reciprocal" tariffs on dozens of countries took effect, extending losses since the start of the tariff war.Trump's punishing tariffs, including 20% on some EU products that t...Reuters
Wed, Apr 9
FOREX-US asset selloff hammers dollar against safe-haven currencies, euro
US Treasury selloff intensifies concerns over US assets Safe-havens in demand as US tariffs versus China are effectiveYen climbs, Swiss franc scales 6-month top against dollarBy Stefano Rebaudo April 9 (Reuters) - The U.S. dollar dropped sharply versus safe-haven currencies and the euro on We...Reuters
Wed, Apr 9
Russian rouble little changed despite oil prices fall
MOSCOW, April 9 (Reuters) - The Russian rouble weakened slightly against the U.S. dollar on Wednesday but remained stable despite prices for oil, Russia's main export commodity, falling to a four-year low amid the intensifying trade war between the U.S. and China.By 0910 GMT, the rouble RUB= was...Reuters
Wed, Apr 9
EXCLUSIVE-China's central bank asks state lenders to reduce dollar purchases, sources say
PBOC asks state banks to reduce dollar purchases, sources sayYuan faces pressure from U.S. tariffs, PBOC aims for stabilityAnalysts warn sharp yuan depreciation risks financial stability April 9 (Reuters) - China's central bank will not allow sharp yuan declines and has asked major state-owne...Reuters
Wed, Apr 9
FOREX-Dollar drops against safe-haven currencies, euro on tariff worries
A U.S. Treasury selloff intensifies concerns over U.S. assets Safe-havens in demand as equity markets skid againYen climbs, Swiss franc scales 6-month top on dollarBy Stefano Rebaudo and Wayne Cole April 9 (Reuters) - The U.S. dollar dropped sharply versus safe-haven currencies and the euro a...Reuters
Wed, Apr 9
Intensifying U.S.-China Tariff War: Yuan Depreciation in Motion as Exchange Rate Hits Record Low
In addition to imposing counter-tariffs, the People's Bank of China (PBOC) appears to be pursuing an orderly depreciation of the yuan, having lowered the currency’s central parity rate of the yuan against the U.S. dollar for five consecutive trading days.
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Wed, Apr 9
EXCLUSIVE-China's central bank asks state lenders to reduce dollar purchases, sources say
April 9 (Reuters) - China's central bank will not allow sharp yuan declines and has asked major state-owned banks to reduce U.S. dollar purchases, people with direct knowledge of the matter said on Wednesday.The directive from authorities comes as the yuan faces heavy downward pressure following...Reuters
Wed, Apr 9
Iron ore slips to 6-1/2-month low as global trade war intensifies
By Amy Lv and Lewis Jackson BEIJING, April 9 (Reuters) - Iron ore futures slid on Wednesday to their lowest levels in more than six months, as demand prospects were clouded by the escalation of a global trade war triggered by U.S. President Donald Trump's broad tariffs. The most-traded Septem...Reuters
Wed, Apr 9
Bank Indonesia says will act boldly to maintain rupiah stability
Rupiah hit fresh record low on WedsIndonesia c.bank says rupiah weakens due to Trump's tariff warBusinesses halt unnecessary imports to ease currency pressure By Stefanno Sulaiman JAKARTA, April 9 (Reuters) - Indonesia's central bank will act boldly to maintain rupiah stability by interve...Reuters
Wed, Apr 9
