News
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POLL-Russia's 2025 budget deficit seen rising to 1.5% of GDP because of cheaper oil
MOSCOW, April 30 (Reuters) - Russia's budget deficit is projected to be 1.5% of gross domestic product (GDP) in 2025, three times the government's target, as the country prepares for a prolonged period of low global oil prices, a Reuters poll of economists showed on Wednesday.Oil and gas rev...Reuters
Wed, Apr 30
Canada's GDP contracts by 0.2% in February, slight growth likely in March
Both goods and services industries contracted in FebruaryMining, oil and gas, construction sectors shrunk the mostGrowth likely 0.1% in March, 1.5% in Q1 on annualized basisBy Promit MukherjeeOTTAWA, April 30 (Reuters) - Canada's gross domestic product contracted by 0.2% in February on a monthly...Reuters
Wed, Apr 30
FOREX-US dollar firmer after GDP falls in Q1
US GDP weighed down by import surgeBut US consumption remains resilientUS rate futures price in four cuts in 2025By Gertrude Chavez-Dreyfuss NEW YORK, April 30 (Reuters) - The U.S. dollar rose against major currencies on Wednesday after data showed the world's largest economy shrank in the fi...Reuters
Wed, Apr 30
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.1% lower at C$1.3849 to the greenback, or 72.21 U.S. cents, after trading in a range of 1.3818 to 1.3853.Canadian government 10-year bond yields CA10YT=R...Reuters
Wed, Apr 30
COLUMN-Dazed and confused, markets brace for Trump's second 100 days: McGeever
By Jamie McGeeverORLANDO, Florida, April 30 (Reuters) - The first 100 days of Trump 2.0 were incredibly turbulent for world markets, as tariff-fueled chaos wiped trillions of dollars off U.S. asset prices. What will the second 100 days of President Donald Trump's administration look like? They w...Reuters
Wed, Apr 30
US Treasury dealers recommend ending federal debt ceiling
WASHINGTON, April 30 (Reuters) - The U.S. Treasury's primary dealers say they would like to see the federal debt ceiling disappear, as it likely increases debt service costs and market volatility and may hurt the dollar's reserve asset status, minutes of the Treasury Borrowing Advisory Commi...Reuters
Wed, Apr 30
FOREX-US dollar holds gains after GDP falls in Q1
NEW YORK, April 30 (Reuters) - The U.S. dollar extended gains against major currencies on Wednesday after data showed the world's largest economy slipped in the first quarter, worse than market expectations, but better than the dire predictions touted by some of the biggest U.S. banks.Gross dome...Reuters
Wed, Apr 30
Euro zone consumers happy to ditch US products if hit by tariffs, study finds
FRANKFURT, April 30 (Reuters) - Euro zone consumers are happy to ditch U.S. products if they are hit by tariffs in the course of a tit-for-tat trade war with U.S. President Donald Trump's administration, a European Central Bank survey showed.The ECB's Consumer Expectations Survey, conducted ...Reuters
Wed, Apr 30
FOREX-Dollar firms as trade tensions ease but safe havens eye monthly gains
Dollar lifts slightly after latest Trump tariff back-trackEuro set for strongest monthly performance since November 2022Yen steady ahead of Bank of Japan policy decision Investors await US advance GDP data By Lucy Raitano and Ankur Banerjee London, April 30 (Reuters) - The dollar firmed on We...Reuters
Wed, Apr 30
Sterling set for strongest monthly performance against dollar since November 2023
By Lucy Raitano London, April 30 (Reuters) - Sterling fell against a firmer dollar on Wednesday but stayed close to a three-year high and is on track for its strongest monthly performance since November 2023, as markets stay focused on looming key U.S. economic data.At 1046 GMT, the pound was dow...Reuters
Wed, Apr 30
Foreign demand for US assets seen waning unless USD slides more, says Goldman Sachs
NEW YORK, April 30 (Reuters) - Foreign investor appetite for U.S. dollar assets may wane unless the currency depreciates further, said Goldman Sachs' chief economist, cautioning that a downward trajectory is expected even in the absence of a meaningful economic slowdown.
Reuters
Wed, Apr 30
RPT-COLUMN-Sterling sneaks higher as UK assets rally: Mike Dolan
By Mike Dolan LONDON, April 30 (Reuters) - Sterling's quiet rise to a three-year high against the ailing dollar has bypassed many observers, reflecting some rare appetite for British assets and giving the Bank of England a nudge to catch up on monetary easing next week.The big currency story ...Reuters
Wed, Apr 30
Dollar firmer but safe-havens set for stellar monthly rises as tariff worries persist
London, April 30 (Reuters) - The dollar was firmer on Wednesday but remained on track for its weakest monthly performance since November 2022, as perceived safe havens headed for monthly gains amid worries about U.S. trade policies under President Donald Trump.Reuters
Wed, Apr 30
US tariffs mean cautious rate decisions needed, Taiwan central bank minutes show
TAIPEI, April 30 (Reuters) - Uncertainty brought about by U.S. import tariffs means decisions on interest rate policy need to be cautious, according to minutes from the Taiwan central bank's latest meeting published on Wednesday.At its quarterly board meeting in March, the central bank left the ...Reuters
Wed, Apr 30
