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RPT-COLUMN-US Tech may learn tough tariff history lesson: Mike Dolan
By Mike Dolan LONDON, April 7 (Reuters) - The problem with U.S. President Donald Trump using historical grievances to justify a trade war is that others will do likewise, leaving richly-valued U.S. tech firms and banks in the crosshairs of retaliation.One of the big puzzles about last week's ...Reuters
Mon, Apr 7
ANALYSIS-Trump leaves emerging market central banks with no clean choices
U.S. tariffs change priorities for many central banksSupporting growth seen as important as market stabilityEmerging markets could cut rates faster than Fed, analysts say April 7 (Reuters) - U.S. President Donald Trump's bruising blast of tariffs last week has thrown emerging market central b...Reuters
Mon, Apr 7
Taiwan central bank says it will intervene if needed to ensure forex stability
TAIPEI, April 7 (Reuters) - Taiwan's central bank said on Monday that it will intervene if necessary to ensure the stability of the Taiwan dollar exchange rate and that it has "sufficient ability" to deal with fluctuations, following steep falls in global stock markets. Financial markets...Reuters
Mon, Apr 7
Taiwan central bank says it will intervene if needed to ensure forex stability
TAIPEI, April 7 (Reuters) - Taiwan's central bank said on Monday that it will intervene if necessary to ensure the stability of the Taiwan dollar exchange rate and that it has "sufficient ability" to deal with fluctuations. During previous crises like the COVID pandemic, the central bank...Reuters
Mon, Apr 7
Eurozone Retail Sales jump 2.3% YoY in February vs. 1.8% expected
The Eurozone’s retail sales rose 2.3% over the year in February, following a revised 1.8% growth in January, according to official data released by Eurostat on Monday. The data outpaced the market expectations for a 1.8% print.
Fxstreet
Mon, Apr 7
FOREX-Euro gains alongside safe-havens as Trump tariff fallout grips markets
Investors scoop up the yen and Swiss francEuro hovers at six-month highsAussie hits five-year lowMarkets leaning toward Fed cut in MayBy Rae Wee and Yadarisa Shabong SINGAPORE, April 7 (Reuters) - Investors bought the euro and poured into safe havens such as the yen and Swiss franc on Monday as t...Reuters
Mon, Apr 7
Demand for dollars from non-U.S investors surges as stocks crumble
LONDON, April 7 (Reuters) - Money markets on Monday began showing signs of strain following an aggressive selloff engulfing global equities, sending various measures of demand for dollars to their strongest in months.Three-month cross-currency basis swaps, a derivative that reflects non-U.S. demand ...Reuters
Mon, Apr 7
CEE MARKETS-Biggest drop in central Europe's equities in years deepens in tariff fallout
BUDAPEST, April 7 (Reuters) - Stock markets plummeted across central Europe on Monday, adding to the biggest drop in several years after President Donald Trump announced steeper-than-expected U.S. tariffs last week, stoking fears of accelerating trade wars and a global downturn.Hungary's blue ch...Reuters
Mon, Apr 7
Russian rouble slides on cheaper oil, recession fears
MOSCOW, April 7 (Reuters) - The Russian rouble slid against the U.S. dollar on Monday, responding to a fall in oil prices as escalating trade tensions between the United States and China stoked fears of a recession that would reduce demand for crude.By 0740 GMT, the rouble was down 2.1% at 86.30 aga...Reuters
Mon, Apr 7
EXPLAINER-How Singapore's unique monetary policy works
By Xinghui Kok SINGAPORE, April 7 (Reuters) - Singapore's central bank has a unique method of managing monetary policy, tweaking the exchange rate of its dollar instead of changing domestic interest rates like most other economies.The Monetary Authority of Singapore (MAS) sets the path of wha...Reuters
Mon, Apr 7
REFILE-Investors bet more heavily on UK rate cuts over trade war fears
LONDON, April 7 (Reuters) - Investors ramped up their bets on the Bank of England cutting interest rates on Monday after U.S. President Donald Trump said he would not dilute his sweeping import tariffs for trade partners around the world.Interest rate futures pointed to about 85 basis points of redu...Reuters
Mon, Apr 7
EU’s Séjourné: List of products in EU response to US tariffs will be announced in coming days
Stéphane Séjourné, the European Union (EU) Commissioner for prosperity and industrial strategy, said on Monday, “list of products in EU response to US tariffs will be announced in coming days.”Fxstreet
Mon, Apr 7
RPT-ANALYSIS-Next up for markets: A crisis of confidence in the dollar
Dollar on Thursday posted biggest daily fall since November 2022Deutsche Bank warns of crisis of confidence in dollarDollar's role as No.1 reserve currency called into doubtBy Dhara Ranasinghe, Alun John and Gertrude Chavez-Dreyfuss LONDON, April 4 (Reuters) - In times of market panic investo...Reuters
Mon, Apr 7
FOREX-Yen, Swiss franc rise on safety bids as Trump tariff fallout grips markets
Investors scoop up the yen and Swiss francAussie hits five-year low, cryptocurrencies slideMarkets leaning toward Fed cut in MayBy Rae Wee SINGAPORE, April 7 (Reuters) - Investors poured into safe havens like the yen and Swiss franc on Monday and heavily sold the risk-sensitive Australian dollar ...Reuters
Mon, Apr 7
China's yuan hits 2-1/2-month low as Sino-US trade tensions raise growth fears
SHANGHAI, April 7 (Reuters) - China's yuan slipped to a 2-1/2-month low against the dollar on Monday, dragged down by intensifying trade tensions between the world's two largest economies following tit-for-tat tariffs on each other's goods. The pace of declines in the yuan was somewhat...Reuters
Mon, Apr 7
