News
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IMF chops UK growth forecast as Trump tariffs hit global economy
UK growth still outpaces France, Italy, Germany in 2025Energy, water bills, and wage hikes drive UK inflationIMF sees UK inflation slowing to 2.2% by 2026By William Schomberg WASHINGTON, April 22 (Reuters) - Britain's economic growth forecast for 2025 was cut by more than for other major Euro...Reuters
Tue, Apr 22
TABLE-Brazil economists lower 2025 inflation forecast
SAO PAULO, April 22 (Reuters) - Private economists polled on a weekly basis by Brazil's central bank slightly lowered their forecast for the country's inflation this year, according to a survey released on Tuesday.They now forecast the benchmark inflation index to end 2025 at 5.57%, down fro...Reuters
Tue, Apr 22
FOREX-Dollar close to multi-year lows vs euro, Swiss franc as Trump attacks the Fed
Trump remarks raise concerns about Fed independenceSafe-haven yen notched new 7-month high versus dollar Swiss franc near decade peak, euro close to 3-1/2-year highJapan sees little scope for a currency deal with the USBy Stefano Rebaudo April 22 (Reuters) - The dollar dropped against the yen and...Reuters
Tue, Apr 22
China's foreign exchange regulator pledges to maintain yuan exchange rate flexibility
BEIJING, April 22 (Reuters) - China's foreign exchange regulator pledged on Tuesday to strengthen monitoring of foreign exchange and maintain exchange rate flexibility.The yuan's two-way fluctuations were normal market reactions after the U.S. announced "reciprocal tariffs" and refle...Reuters
Tue, Apr 22
FX firm Argentex suspends trading of shares, hurt by market volatility
LONDON, April 22 (Reuters) - Shares of British currency risk management firm Argentex AGFX.L were suspended from trading on Tuesday after the company said it had seen a significant worsening in its liquidity position due to the sharp fall in the U.S. dollar. "Argentex has been exposed to signifi...Reuters
Tue, Apr 22
Sterling hits 7-month high as dollar drops on concerns over Fed's independence
By Stefano Rebaudo (Reuters) - Sterling hit a fresh 7-month high against the dollar on Tuesday as the greenback weakened amid concerns over the Federal Reserve's independence after recent verbal attacks made by U.S. President Donald Trump against the Fed chair.White House economic adviser Kev...Reuters
Tue, Apr 22
Russian rouble weakens slightly against US dollar
MOSCOW, April 22 (Reuters) - The Russian rouble weakened slightly against the U.S. dollar on Tuesday in the absence of major developments in talks between Russia and the United States on the war in Ukraine.At 0930 GMT, the rouble was down 0.37% at 81.30 against the U.S. dollar, according to LSEG dat...Reuters
Tue, Apr 22
CEE MARKETS-Central Europe's currencies dip after holiday, watching dollar
PRAGUE, April 22 (Reuters) - The Polish zloty and Hungarian forint fell back into ranges on Tuesday, adjusting after a long holiday weekend, although central Europe's currencies looked to win back recent losses with the U.S. dollar on the back foot.The dollar fell to multi-year lows against the ...Reuters
Tue, Apr 22
BoE's Greene says US tariffs likely to put downward pressure on UK inflation
April 22 (Reuters) - Britain is more likely to see lower rather than higher inflation as a result of U.S. President Donald Trump's tariffs, Bank of England policymaker Megan Greene said on Tuesday.Greene, who has sounded more worried about the persistence of inflation pressure than some of her o...Reuters
Tue, Apr 22
Japan Selling U.S. Bonds to Defend the Yen? Japanese Yen Surges to 140 as Japan Defies U.S. Pressure
TradingKey - As the weakening of the dollar intensifies, the yen has strengthened, breaking through the 140 level. Meanwhile, one of the key players behind the "U.S. Treasury storm" that occurred after President Trump’s reciprocal tariff policy took effect in early April has been confirmed to be...
TradingKey
Tue, Apr 22
AUD/JPY falls to near 90.00 as safe-haven demand boosts Japanese Yen
AUD/JPY continues to decline for a third consecutive session, hovering near 90.10 during European trading hours on Tuesday. Persistent trade-related uncertainties and geopolitical tensions are bolstering demand for safe-haven assets like the Japanese Yen (JPY), pressuring the cross lower.
Fxstreet
Tue, Apr 22
FOREX-Dollar close to multi-year lows versus euro, Swiss Franc as Trump attacks the Fed
Trump calls Powell "major loser", demands rate cut "NOW"Safe-haven yen notched new 7-month high versus dollar Swiss franc near decade peak, euro close to 3-1/2-year highDollar took a step lower after trade talks with Bangkok delayedBy Stefano Rebaudo and Kevin Buckland April 22 (R...Reuters
Tue, Apr 22
Polish central bank reports loss of $3.6 billion in 2024 amid robust zloty
WARSAW, April 22 (Reuters) - The National Bank of Poland (NBP) reported a loss of 13.35 billion zlotys ($3.59 billion) in 2024, compared to a loss of 20.8 billion zlotys the previous year, largely due to a stronger currency, it said in a report published on Tuesday.The loss came amid the costs of co...Reuters
Tue, Apr 22
NZD/USD maintains position above 0.6000 near five-month highs due to US uncertainty
NZD/USD extends its winning streak from April 9, trading near the 0.6000 level during early European hours on Tuesday. The pair continues to gain as the US Dollar (USD) weakens under the weight of growing economic and political uncertainty in the United States.
Fxstreet
Tue, Apr 22
RPT-COLUMN-Dollar would be biggest casualty if Trump fires Fed Chair: McGeever
By Jamie McGeeverORLANDO, Florida, April 21 (Reuters) - If U.S. President Donald Trump wants a weaker dollar, threatening to fire Federal Reserve Chair Jerome Powell is a sure-fire way of getting it. But rarely in markets, economics and policymaking has the phrase "be careful what you wish for&#...Reuters
Tue, Apr 22
Japan business lobby chief says rapid forex fluctuation undesirable
TOKYO, April 22 (Reuters) - The head of Japanese business lobby Keidanren, Masakazu Tokura, on Tuesday said rapid foreign exchange fluctuation is undesirable and that currencies must stabilise as much as possible to reflect economic fundamentals.Tokura was speaking after the U.S. dollar fell below 1...Reuters
Tue, Apr 22
EUR/GBP moves below 0.8600, retreats due to optimism surrounding US-UK trade negotiations
EUR/GBP loses ground after two days of gains, trading around 0.8600 during the Asian hours on Tuesday. The Pound Sterling (GBP) is gaining traction, supported by optimism surrounding ongoing US-UK trade negotiations.
Fxstreet
Tue, Apr 22
Japan sees little scope for grand deal on yen in talks with U.S.
TOKYO, April 22 (Reuters) - When Japanese Finance Minister Katsunobu Kato meets his U.S. counterpart Scott Bessent in Washington this week, the yen is shaping up to be a major topic of discussion, though sources say Tokyo will push back against any request to boost its currency.Reuters
Tue, Apr 22
FOREX-Dollar sinks as Trump's attacks on Fed chief unsettle traders
Trump calls Powell "major loser", demands rate cut "NOW"Safe-haven yen notched new 7-month high versus dollar Swiss franc near decade peak, euro close to 3-1/2-year highDollar took a step lower after trade talks with Bangkok delayedBy Kevin Buckland TOKYO, April 22 (Reuters) - The...Reuters
Tue, Apr 22
