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FOREX-Dollar jumps after Bessent forecasts de-escalation in US-China trade tensions
Bessent says neither China nor U.S. sees status quo as sustainable Trump remarks raise concerns about Fed independenceJapan sees little scope for a currency deal with the USBy Hannah Lang April 22 (Reuters) - The dollar regained some ground on Tuesday after U.S. Treasury Secretary Scott Bessent s...Reuters
Tue, Apr 22
US Treasury Secretary says situation with China is unsustainable, source says
NEW YORK, April 22 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday said that the tariff standoff with China is unsustainable and that he expects the situation to de-escalate, a source familiar said.Bloomberg first reported this. He also added that negotiations haven’t started but that a...Reuters
Tue, Apr 22
Bessent signals US willingness to offer Argentina credit line, Bloomberg reports
April 22 (Reuters) - U.S. President Donald Trump's administration would be willing to offer Argentina’s government a specific credit line if a global shock jeopardized President Javier Milei’s economic turnaround, according to Treasury Secretary Scott Bessent's comments reported by Bloomberg...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 independenceSwiss franc near decade peak, euro close to 3-1/2-year highJapan sees little scope for a currency deal with the USBy Hannah Lang and Stefano Rebaudo April 22 (Reuters) - The dollar hovered around multi-year lows versus the euro and the Swiss fran...Reuters
Tue, Apr 22
GBP/USD retreats from YTD high past 1.34 on Fed turmoil
The Pound Sterling reverses its course after reaching a daily high of 1.3423 due to concerns over the Federal Reserve (Fed) independence, spurred by US President Donald Trump's harsh comments against Fed Chair Jerome Powell. At the time of writing, the GBP/USD is trading at 1.3383, up 0.17%.
Fxstreet
Tue, Apr 22
EXCLUSIVE-Russia cuts 2025 energy export income estimate by 15%, document shows
Cut follows downward revision of oil price estimatePut further strain on budget amid war in UkraineBy Darya Korsunskaya MOSCOW, April 22 (Reuters) - Russia has cut its forecast for 2025-2027 oil and gas export revenues, a key source of funding for the state budget, due to weaker oil prices, seein...Reuters
Tue, Apr 22
IMF chops UK growth forecast as Trump tariffs hit global economy
IMF cuts UK 2025 growth forecast to 1.1% from 1.6%UK still set to outpace France, Italy, Germany this yearEnergy, water bills and wage hikes driving UK inflationIMF sees UK inflation at 3.1% this year, 2.2% in 2026By William Schomberg WASHINGTON, April 22 (Reuters) - Britain's economic growth...Reuters
Tue, Apr 22
Canadian Dollar could see boost as pension funds rethink U.S. exposure, says UBS
Investing.com -- Canadian pension funds may be positioned to reshape FX markets as they reassess longstanding U.S. dollar exposures, according to UBS Global FX Strategist Vassili Serebriakov. A decadeInvesting.com
Tue, Apr 22
USD/JPY Price Forecast: At make or a break around 140.00
The USD/JPY pair recovers some of its intraday losses but is still trading down near 140.65 during North American trading hours on Tuesday. The asset has demonstrated a sharp downside move in the last two weeks and revisited the 21-month low near 139.60.
Fxstreet
Tue, Apr 22
IMF chief economist says markets handling dollar adjustments without stress
WASHINGTON, April 22 (Reuters) - International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday that broad-based dollar weakening was signaling some reassessment of demand for dollar-based assets, but markets were handling the adjustment.Gourinchas told a news conference durin...Reuters
Tue, Apr 22
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Tuesday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0% lower at C$1.3847 to the greenback, or 72.22 U.S. cents, after trading in a range of 1.3794 to 1.3861.Canadian government 10-year bond yields CA10YT=RR fe...Reuters
Tue, Apr 22
IMF cuts Japan's growth forecast as Trump tariffs bite
IMF expects Japan economy to grow 0.6% in 2025, 2026US tariff effect to offset strength in consumption, IMF saysBOJ to raise rates at 'slower pace than assumed in October'By Leika Kihara TOKYO, April 22 (Reuters) - The International Monetary Fund on Tuesday cut its economic growth forecas...Reuters
Tue, Apr 22
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
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