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Indonesian rupiah movement manageable despite drop, minister says
JAKARTA, April 8 (Reuters) - The Indonesian rupiah's movement is still manageable, chief economic minister Airlangga Hartarto said on Tuesday after the currency had tumbled to a record low against the dollar.Airlangga was speaking at an economic event attended by President Prabowo Subianto, the ...Reuters
Tue, Apr 8
Fall in oil prices poses risk to Russian economy, TASS cites central bank chief
MOSCOW, April 8 (Reuters) - A sharp drop in global oil prices triggered by U.S. President Donald Trump's tariffs poses a risk to the Russian economy, the state TASS news agency cited Elvira Nabiullina, the governor of Russia's central bank, as saying on Tuesday.She was quoted as saying that ...Reuters
Tue, Apr 8
RPT-COLUMN-Wall Street isn't even close to pricing in recession: McGeever
By Jamie McGeeverORLANDO, Florida, April 7 (Reuters) - If a proper bear market is unfolding on Wall Street, then it still has a long way to go, especially if the U.S. economy tips into recession. While the S&P 500 on Monday narrowly avoided what would have been the worst three-day selloff since ...Reuters
Tue, Apr 8
USD/CHF remains under selling pressure near 0.8550 amid Trump tariff turmoil
The USD/CHF pair attracts some sellers to near 0.8550 during the early European trading hours on Tuesday. The US Dollar (USD) weakens against the Swiss Franc (CHF) as the fears of a global recession heighten following US President Donald Trump's sweeping tariffs on trading partners.
Fxstreet
Tue, Apr 8
AUD/JPY recovers to near 89.50 as global sentiment improves
The AUD/JPY cross jumps to 89.40, snapping the three-day losing streak during the early European session on Tuesday. The improving global risk sentiment and encouraging stimulus plans from China provide some support to the Aussie.
Fxstreet
Tue, Apr 8
FOREX-Dollar frail as traders flock to safe havens on tariff turmoil
Japanese yen and Swiss franc the go-to asset for investors Aussie dollar, a risk proxy, rises but is near 5-year lowEuro up as traders consider retaliatory movesBy Ankur Banerjee SINGAPORE, April 8 (Reuters) - Safe havens the yen and the Swiss franc held near six-month highs on Tuesday while the ...Reuters
Tue, Apr 8
Trump won't get 'Plaza Accord'-type dollar deal, says ex-Japan FX diplomat
US needs China, Europe buy-in for 'Mar-a-Lago Accord' to workFX intervention, even if coordinated, less effective nowTariff damage to Japan's economy may be bigger than expectedSharp yen rise likely remains a risk for Japan policymakersBOJ should keep raising rates, but not now, Shinohar...Reuters
Tue, Apr 8
China's yuan hits 2023 lows on signs PBOC is tolerant of some weakness
Yuan weakens amid escalating US-China trade warYuan weakness seen counteracting export pressuresPBOC unlikely to pursue sharp yuan depreciation, analysts say SHANGHAI, April 8 (Reuters) - China's yuan fell to its weakest level since 2023 on Tuesday after the central bank slightly loosened its...Reuters
Tue, Apr 8
FOREX-Dollar frail as traders look for safe havens on tariff turmoil
Japanese yen and Swiss franc the go-to asset for investors Aussie dollar, risk proxy, hovering near 5-year lowEuro up in as traders consider retaliatory movesBy Ankur Banerjee SINGAPORE, April 8 (Reuters) - The safe havens yen and Swiss franc held near six-month highs on Tuesday while the U.S. do...Reuters
Tue, Apr 8
QUOTES-Treasuries whipsaw as tariffs leave markets teetering
April 8 (Reuters) - The U.S. Treasury market swung from buying to heavy selling on Monday in one of its most volatile days in years, as investors grappled with U.S. tariffs due to take effect on Wednesday.Benchmark 10-year yields traded in a 35 basis point range and expectations for a U.S. rate cut ...Reuters
Tue, Apr 8
China's yuan hits 2023 lows on signs PBOC is tolerant of some weakness
SHANGHAI, April 8 (Reuters) - China's yuan fell to its weakest level since 2023 on Tuesday after the central bank slightly loosened its grip on the currency in what analysts said was an attempt to counteract the blow to exports from an intensifying global trade war.
Reuters
Tue, Apr 8
Australia, NZ dollars saved by short squeeze, troubles far from over
By Wayne Cole SYDNEY, April 8 (Reuters) - The Australian and New Zealand dollars were trying to find their footing on Tuesday after a squeeze on short positions lifted them from deep lows, while bonds were whipsawed by a vicious reversal in U.S. Treasuries.Some wild moves in markets left the Auss...Reuters
Tue, Apr 8
FOREX-Dollar fragile as traders look for safe havens on tariff turmoil
Japanese yen and Swiss franc the go-to asset for investors Aussie dollar, risk proxy, hovering near 5-year lowEuro up in early trading as traders consider retaliatory movesBy Ankur Banerjee SINGAPORE, April 8 (Reuters) - The safe havens yen and Swiss franc held near six-month highs on Tuesday whi...Reuters
Tue, Apr 8
AUD/USD recovers above 0.6000 amid fears of US recession
The AUD/USD pair recovers some lost ground to near 0.6015 during the early Asian session on Tuesday. The US Dollar (USD) edges higher against the Aussie amid concerns over a recession in the United States following US President Donald Trump's sweeping tariffs on trading partners.
Fxstreet
Tue, Apr 8
EUR/USD continues to pare brief tariff gains
On Monday, EUR/USD dropped again, marking a second consecutive day of declines for Fiber and pushing bids down to the 1.0900 level. Following a short break, the US Dollar is back in control of risk-off flows, with weakening investor sentiment further strengthening the Greenback across the board.
Fxstreet
Mon, Apr 7
Infineon Technologies to buy Marvell's auto ethernet business for $2.5 billion
April 7 (Reuters) - German chipmaker Infineon Technologies IFXGn.DE said on Monday it would buy Marvell Technology's MRVL.O automotive ethernet business for about $2.5 billion in cash, to expand its microcontroller segment.The automotive ethernet business, which will become a part of Infineon...Reuters
Mon, Apr 7
AUD/JPY Price Analysis: Aussie dips toward 88.50 as bearish momentum persists
The AUD/JPY pair extended its soft tone on Monday ahead of the Asian session, easing toward the 88.50 area. Despite a mild daily decline, the pair remains entrenched in a broader downtrend, trading well beneath its key moving averages.Fxstreet
Mon, Apr 7
