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EXCLUSIVE-ECB braces for bigger-than-anticipated growth hit from tariffs - sources
Staff told to review estimate after Trump's tariffsLower growth seen dragging down inflationBy Balazs Koranyi and Francesco Canepa FRANKFURT, April 9 (Reuters) - Euro zone economic growth could fall much more from the impact of U.S. trade tariffs than initially estimated by the European Centr...Reuters
Wed, Apr 9
CEE MARKETS-Stocks extend losses as Trump's tariff's kick in
BUDAPEST, April 9 (Reuters) - Central European stocks weakened on Wednesday as U.S. President Donald Trump's "reciprocal" tariffs on dozens of countries took effect, extending losses since the start of the tariff war.Trump's punishing tariffs, including 20% on some EU products that t...Reuters
Wed, Apr 9
FOREX-US asset selloff hammers dollar against safe-haven currencies, euro
US Treasury selloff intensifies concerns over US assets Safe-havens in demand as US tariffs versus China are effectiveYen climbs, Swiss franc scales 6-month top against dollarBy Stefano Rebaudo April 9 (Reuters) - The U.S. dollar dropped sharply versus safe-haven currencies and the euro on We...Reuters
Wed, Apr 9
Russian rouble little changed despite oil prices fall
MOSCOW, April 9 (Reuters) - The Russian rouble weakened slightly against the U.S. dollar on Wednesday but remained stable despite prices for oil, Russia's main export commodity, falling to a four-year low amid the intensifying trade war between the U.S. and China.By 0910 GMT, the rouble RUB= was...Reuters
Wed, Apr 9
EXCLUSIVE-China's central bank asks state lenders to reduce dollar purchases, sources say
PBOC asks state banks to reduce dollar purchases, sources sayYuan faces pressure from U.S. tariffs, PBOC aims for stabilityAnalysts warn sharp yuan depreciation risks financial stability April 9 (Reuters) - China's central bank will not allow sharp yuan declines and has asked major state-owne...Reuters
Wed, Apr 9
FOREX-Dollar drops against safe-haven currencies, euro on tariff worries
A U.S. Treasury selloff intensifies concerns over U.S. assets Safe-havens in demand as equity markets skid againYen climbs, Swiss franc scales 6-month top on dollarBy Stefano Rebaudo and Wayne Cole April 9 (Reuters) - The U.S. dollar dropped sharply versus safe-haven currencies and the euro a...Reuters
Wed, Apr 9
Intensifying U.S.-China Tariff War: Yuan Depreciation in Motion as Exchange Rate Hits Record Low
In addition to imposing counter-tariffs, the People's Bank of China (PBOC) appears to be pursuing an orderly depreciation of the yuan, having lowered the currency’s central parity rate of the yuan against the U.S. dollar for five consecutive trading days.
TradingKey
Wed, Apr 9
EXCLUSIVE-China's central bank asks state lenders to reduce dollar purchases, sources say
April 9 (Reuters) - China's central bank will not allow sharp yuan declines and has asked major state-owned banks to reduce U.S. dollar purchases, people with direct knowledge of the matter said on Wednesday.The directive from authorities comes as the yuan faces heavy downward pressure following...Reuters
Wed, Apr 9
Iron ore slips to 6-1/2-month low as global trade war intensifies
By Amy Lv and Lewis Jackson BEIJING, April 9 (Reuters) - Iron ore futures slid on Wednesday to their lowest levels in more than six months, as demand prospects were clouded by the escalation of a global trade war triggered by U.S. President Donald Trump's broad tariffs. The most-traded Septem...Reuters
Wed, Apr 9
Bank Indonesia says will act boldly to maintain rupiah stability
Rupiah hit fresh record low on WedsIndonesia c.bank says rupiah weakens due to Trump's tariff warBusinesses halt unnecessary imports to ease currency pressure By Stefanno Sulaiman JAKARTA, April 9 (Reuters) - Indonesia's central bank will act boldly to maintain rupiah stability by interve...Reuters
Wed, Apr 9
RPT-COLUMN-US 10-year yield won't dance to Bessent's tune: McGeever
By Jamie McGeeverORLANDO, Florida, April 8 (Reuters) - Short-term asset price moves are rarely meaningful – especially not when markets are panicking – but the 10-year U.S. Treasury yield's round-trip since President Donald Trump's 'Liberation Day' last week is extraordinary.Treasury...Reuters
Wed, Apr 9
BOJ sticks to rate-hike stance but signals pause on US tariff risks
Ueda repeats BOJ will keep hiking rates if economy improvesUnderlying inflation accelerating as wage hikes continueBOJ must focus on risks such as tariff uncertaintyUeda avoids committing to bold action against Trump headwindBOJ board to meet April 30-May 1, issue quarterly forecastsBy Leika Kihara ...Reuters
Wed, Apr 9
USD/CHF tumbles below 0.8450 amid risk-off mood, eyes on FOMC Minutes
The USD/CHF pair extends its downside to near 0.8435 during the early European session. The Swiss Franc (CHF) edges higher against the US Dollar (USD) as traders seek refuge from the intensifying market turmoil caused by US President Donald Trump’s sweeping tariffs and fears of a global recession.
Fxstreet
Wed, Apr 9
Yuan dips to new lows as US tariffs on China kick in
SINGAPORE/HONG KONG, April 9 (Reuters) - China's yuan dipped to a fresh 19-month low against the U.S. dollar on Wednesday after its offshore counterpart fell to a record low overnight, as investors fretted about an intensifying Sino-U.S. trade war.Reuters
Wed, Apr 9
Yuan dips to new lows as US forges ahead with 104% tariffs on China
SINGAPORE/HONG KONG, April 9 (Reuters) - China's yuan dipped further against the U.S. dollar to a fresh 19-month low on Wednesday after the currency slid to a record low in offshore markets overnight, as investors fretted about intensifying Sino-U.S. trade tensions.Reuters
Wed, Apr 9
Australia, NZ dollars at mercy of global slowdown as RBNZ cuts rates
By Wayne Cole SYDNEY, April 9 (Reuters) - The Australian and New Zealand dollars edged off deep lows on Wednesday as U.S. recession risks hobbled their major competitor, though the prospect of new massive U.S. tariffs on China could make the gains fleeting.Such was the scale of uncertainty in mar...Reuters
Wed, Apr 9
