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US banks are 'dominant' in European derivatives, EBA says
EBA releases report on EU banks foreign fundingNon-EU banks have a 10% share of total assetsEBA warns of currency mismatch at certain lendersBy Sinead Cruise and Stefania Spezzati LONDON, April 3 (Reuters) - Non-EU banks have carved out "dominant" roles in some of Europe's key financ...Reuters
Thu, Apr 3
Fitch cuts China's foreign currency rating on rising debt, weakening finances
April 3 (Reuters) - Global ratings agency Fitch on Thursday downgraded China's long-term foreign currency credit rating to 'A' from 'A+', on expectations of weak public finances and rapidly rising debt.The latest U.S. reciprocal tariffs have not been incorporated in the forecast...Reuters
Thu, Apr 3
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
The Canadian dollar strengthened against the greenback on Thursday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 1% higher at C$1.408 to the greenback, or 71.02 U.S. cents, after trading in a range of 1.407 to 1.4319.Canadian government 10-year bond yields CA10YT=R...Reuters
Thu, Apr 3
SNB rejects talk of currency manipulation, says it targets inflation
ZURICH, April 3 (Reuters) - A Swiss National Bank policymaker said on Thursday the central bank does not engage in currency manipulation, rejecting the suggestion that Switzerland could be targeted for the practice as part of U.S. President Donald Trump's new trade policies.When asked whether Sw...Reuters
Thu, Apr 3
US tariffs worse than expected but Sweden can cope, Riksbank chief says
By Niklas Pollard STOCKHOLM, April 3 (Reuters) - The tariffs announced by U.S. President Donald Trump were "somewhat worse" than expected but Sweden had strong finances and the central bank was ready to act if necessary, Riksbank Governor Erik Thedeen said on Thursday.Trump announced swee...Reuters
Thu, Apr 3
Sterling soars to six-month high as traders dump dollars
By Yadarisa Shabong April 3 (Reuters) - Sterling climbed to a six-month high against the dollar on Thursday as traders abandoned the U.S. currency after President Donald Trump's expansive trade barriers stoked fears of a global slowdown in economic growth. Trump said on Wednesday he would im...Reuters
Thu, Apr 3
Tariffs are bad for the economy but Sweden can cope, Riksbank chief says
STOCKHOLM, April 3 (Reuters) - The tariffs announced by President Trump are bad for the world economy but Sweden has strong finances and the central bank is ready to act if necessary, Riksbank Governor Erik Thedeen said on Thursday."We are in a pretty good position in Sweden to handle this type ...Reuters
Thu, Apr 3
FOREX-Euro jumps over 2% against dollar after hefty US tariffs announced
Dollar follows Treasury yields lower on US growth worries Investors flee to safe havens yen and Swiss franc Asian currencies struggle in the face of US tariffsBy Yadarisa Shabong and Ankur Banerjee April 3 (Reuters) - The euro rallied more than 2% against the dollar on Thursday and was set for it...Reuters
Thu, Apr 3
Deutsche Bank says risk of a dollar confidence crisis
LONDON, April 3 (Reuters) - Deutsche Bank warned on Thursday of the risk of a crisis of confidence in the U.S. dollar, saying major shifts in capital flow allocations could take over from currency fundamentals and currency moves become disorderly. The dollar, the world's No.1 reserve currency, c...Reuters
Thu, Apr 3
RPT-COLUMN-The real tariff uncertainty starts now: Mike Dolan
By Mike DolanLONDON, April 3 (Reuters) - Whatever you make of the sweeping tariff plan U.S. President Donald Trump dropped on Wednesday, remember that the real uncertainty about the potential economic damage only starts now. Relief at getting some clarity on Wednesday was understandable. But we stil...Reuters
Thu, Apr 3
FOREX-Dollar tumbles as investors seek safe havens after US tariffs
Dollar follows Treasury yields lower on US growth worries Investors flee to safe havens yen and Swiss franc Asian currencies struggle in the face of US tariffsBy Ankur Banerjee and Yadarisa Shabong SINGAPORE, April 3 (Reuters) - The dollar weakened broadly on Thursday, while the euro rallied aft...Reuters
Thu, Apr 3
SNB board member says negative rates still an option if needed
ZURICH, April 3 (Reuters) - The Swiss National Bank could introduce negative interest rates if necessary because the policy has worked in the past, though it would prefer to avoid it, governing board member Petra Tschudin said on Thursday.Speaking at an event in Zurich, Tschudin said she was surpris...Reuters
Thu, Apr 3
Trump's tariffs dull the dollar's safe-haven sheen
By Dhara Ranasinghe and Amanda Cooper LONDON, April 3 (Reuters) - The dollar, one of the world's safest places to park money in times of turmoil, has been shunned by investors as an option for now as uncertainty over tariffs and concern over their impact on U.S. growth intensify.U.S. Presiden...Reuters
Thu, Apr 3
