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COLUMN-After record import blow to U.S. GDP, beware export sucker punch: McGeever
By Jamie McGeeverORLANDO, Florida, May 1 (Reuters) - Net trade delivered a record blow to the U.S. economy in the first quarter, as U.S. companies ramped up imports to get ahead of the Trump administration's tariff tsunami.While the focus is rightly on imports, it's also worth considering th...Reuters
Thu, May 1
FOREX-Yen slides as tariffs keep BOJ on hold, dollar steady
Yen sold as BOJ holds rates but cuts economic forecastsDollar is steadyFriday's US jobs data in focusMuch of Europe closed for May Day holidayBy Samuel Indyk and Tom Westbrook LONDON/SINGAPORE, May 1 (Reuters) - The yen slid on Thursday as the Bank of Japan (BOJ) lowered growth forecasts ...Reuters
Thu, May 1
RPT-COLUMN-Euro zone tortoise overtakes US hare :Mike Dolan
By Mike Dolan LONDON, May 1 (Reuters) - A rare instance of euro zone economic outperformance against the once-unstoppable U.S. powerhouse may be more than just a flash in the pan, even if it was flattered by trade distortions.First-quarter economic reports from both economies were released on Wed...Reuters
Thu, May 1
Bio-polymer maker Itaconix to hike some prices, cut costs to mitigate tariff hit
May 1 (Reuters) - Specialty chemicals company Itaconix ITXI.L said on Thursday it would implement selective price increases and look at cutting supply chain costs to offset the impacts of proposed U.S. tariffs, which are expected to raise production expenses.The developer of sustainable, bio-based p...Reuters
Thu, May 1
Sterling steady against dollar and euro, manufacturing activity shrinks
By Samuel Indyk LONDON, May 1 (Reuters) - Britain's pound was steady against the dollar on Thursday but remained close to a three-year high reached earlier in the week as investors shunned the U.S. currency in the wake of U.S. President Donald Trump's tariffs. A survey on Thursday confirm...Reuters
Thu, May 1
WLF's Zach Witkoff: USD1 selected as official stablecoin for MGX investment in Binance
DUBAI, May 1 (Reuters) - USD1 has been selected as official stablecoin for Abu Dhabi backed investment vehicle MGX's investment in Binance, Zach Witkoff, World Liberty's co-founder said on Thursday.Reuters
Thu, May 1
SPECIAL REPORT-Iran had imperial ambitions in Syria. Secret embassy documents show why it failed
Documents show Iran's dreams of a U.S.-style Marshall Plan in SyriaHuge projects were stymied early by corruption, sanctions and money problemsThe plans went spectacularly wrong with the fall of Bashar al-AssadBy John Davison, Allison Martell, Reade Levinson DAMASCUS - Iran had a grand pl...Reuters
Thu, May 1
BOJ keeps rates steady, cuts growth forecasts on US tariff hit
BOJ keeps interest rate steady at 0.5% as widely expectedBoard cuts growth forecasts in quarterly reportBOJ delays projected timing of hitting target by a yearUeda says BOJ still on course for further rate hikesWarns of shaky baseline scenario, huge uncertaintyBy Leika Kihara and Makiko Yamazaki ...Reuters
Thu, May 1
EUR/JPY Price Analysis: Bulls flirt with trading range hurdle, around mid-163.00s on dovish BoJ
The EUR/JPY cross catches aggressive bids on Thursday and rallies to a fresh weekly high, around the mid-163.00s during the first half of the European session amid the dovish Bank of Japan (BoJ)-inspired selling around the Japanese Yen (JPY).
Fxstreet
Thu, May 1
FOREX-Yen slides as tariffs keep BOJ on hold, dollar edges higher
Yen sold as BOJ holds rates but cuts economic forecastsDollar recovers more lost groundFriday's US jobs data in focusBy Samuel Indyk and Tom Westbrook LONDON/SINGAPORE, May 1 (Reuters) - A sliding yen boosted the dollar on Thursday as the Bank of Japan lowered growth forecasts in light of U.S...Reuters
Thu, May 1
QUOTES-BOJ Governor Ueda's comments at news conference
May 1 (Reuters) - The Bank of Japan kept interest rates steady and cut its growth forecasts on Thursday, as uncertainty surrounding U.S. tariffs clouds the outlook for the world's fourth-largest economy.But the central bank projected inflation would stay roughly on course to hit its 2% target in...Reuters
Thu, May 1
Sumitomo Corp CEO - Expect Limited Direct Impact From U.S. Tariffs On Our Operations, But Will Have Indirect Impact
May 1 (Reuters) - Sumitomo Corp 8053.T:SUMITOMO CORP CEO: EXPECT LIMITED DIRECT IMPACT FROM U.S. TARIFFS ON OUR OPERATIONS, BUT WILL HAVE INDIRECT IMPACTSUMITOMO CORP CEO: IMPACT FROM U.S. TARIFFS ON OUR EARNINGS WILL BE LIMITED TO A MAXIMUM OF 40 BILLION YEN FOR FY2025/26SUMITOMO CORP CEO: HOPI...Reuters
Thu, May 1
GBP/JPY rises to near 192.00 after BoJ’s Ueda speech
The GBP/JPY cross gains ground to near 191.95 during the early European session on Thursday. The Japanese Yen (JPY) softens against the Pound Sterling (GBP) after the Bank of Japan (BoJ) kept interest rates steady and slashed its growth forecasts on Thursday.
Fxstreet
Thu, May 1
FOREX-Yen slides as tariffs keep BOJ on hold
Yen sold as BOJ holds rates but cuts economic forecastsEuro, yen both hit 2-week lows vs dollarFriday's U.S. jobs data in focusBy Tom Westbrook SINGAPORE, May 1 (Reuters) - A sliding yen helped the dollar higher on Thursday as the Bank of Japan lowered growth forecasts in light of U.S. tariff...Reuters
Thu, May 1
COLUMN-Euro zone tortoise overtakes US hare :Mike Dolan
By Mike Dolan LONDON, May 1 (Reuters) - A rare instance of euro zone economic outperformance against the once-unstoppable U.S. powerhouse may be more than just a flash in the pan, even if it was flattered by trade distortions.First-quarter economic reports from both economies were released on Wed...Reuters
Thu, May 1
FOREX-Dollar takes a breather; yen slips after BOJ
Yen sold as BOJ holds rates but cuts economic forecastsEuro hits 2-week lowFriday's U.S. jobs data could be key catalyst for dollarBy Tom Westbrook SINGAPORE, May 1 (Reuters) - The dollar sloughed off weak U.S. data to rise on Thursday as investors focused on signs the trade war may be coolin...Reuters
Thu, May 1
EUR/JPY rises to near 162.50 as BoJ maintains policy rate as expected
EUR/JPY halts its three-day losing streak, rebounding to around 162.50 during Asian trading hours on Thursday. The recovery in the currency cross comes as the Japanese Yen (JPY) weakens across the board, following the Bank of Japan’s (BoJ) widely expected decision to maintain its policy rate.Fxstreet
Thu, May 1
Australia, New Zealand dollars drift higher after bumper April, resistance still heavy
By Stella Qiu SYDNEY, May 1 (Reuters) - The Australian and New Zealand dollars drifted higher on Thursday after a bumper April that saw them both notch fresh multi-month peaks amid all the tariff chaos, although resistance is still heavy in the near-term. Trade data from Australia showed its surp...Reuters
Thu, May 1
AUD/JPY holds positive ground near 92.00 as BoJ keeps rate steady amid tariff uncertainty
The AUD/JPY cross gains traction to near 91.90 during the Asian trading hours on Thursday. The Japanese Yen (JPY) trades slightly weaker against the Aussie after the Bank of Japan (BoJ) decided to keep its policy rate unchanged at its May meeting on Thursday.
Fxstreet
Thu, May 1
