News
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American Tower beats quarterly revenue estimate on strong telecom infrastructure leasing demand
April 29 (Reuters) - Wireless infrastructure provider American Tower AMT.N on Tuesday beat the first-quarter revenue estimate, driven by steady demand for its leasing business.As competition heats up in the telecommunications market, wireless players in the United States are enhancing their 5G solut...Reuters
Tue, Apr 29
China's vice premier calls for calm response to external changes, Xinhua reports
BEIJING, April 29 (Reuters) - China's vice premier He Lifeng on Tuesday called on financial regulators and institutions to "calmly" analyse and respond to recent developments and changes in the external environment, state-run Xinhua reported.In a meeting in Shanghai, He called for the st...Reuters
Tue, Apr 29
Talanx set to beat consensus in Q1
By Scott VincentApril 29 - (The Insurer) - Talanx expects to report consolidated net income of 604 million euros ($687 million) when it publishes first-quarter results on May 15, the German holding company said on Tuesday.The result is ahead of the company-compiled analyst consensus of 467 million e...Reuters
Tue, Apr 29
FOREX-Dollar on track for biggest two-month fall in more than two decades
Dollar still weak as investors fret over Sino-U.S. trade warTrump set to reduce the impact of automotive tariffsYen to gain from widening rate gap as central banks cutBy Stefano Rebaudo April 29 (Reuters) - The dollar edged up on Tuesday but was on track for its biggest two-month fall in more...Reuters
Tue, Apr 29
RPT-COLUMN-US exit from IMF would be true dollar shock: Mike Dolan
By Mike Dolan LONDON, April 29 (Reuters) - The U.S. dollar has suffered its worst start to any year since 1989 as the Trump administration has put forward once unthinkable economic policies, unnerving global investors.But one proposed shift would be of a different order altogether: an exit by the...Reuters
Tue, Apr 29
ANALYSIS-China ramps up global yuan push, seizing on retreating dollar
China expands cross-border QR code networkSwap lines swell to record 4.3 trln yuanCross-border yuan payments hit record in March SHANGHAI/SINGAPORE, April 29 (Reuters) - As Chinese President Xi Jinping toured Southeast Asia this month to forge closer ties against higher U.S. tariffs, the Peop...Reuters
Tue, Apr 29
Sterling close to 38-month high versus dollar
By Stefano Rebaudo April 29 (Reuters) - Sterling edged lower versus the dollar but was close to its highest level in over three years as markets await U.S. economic data for direction after the sharp selloff in the greenback.The latest U.S. jobs report will be a key driver for markets, along with...Reuters
Tue, Apr 29
Yuan recovers from US tariff blow to hit one-month high
By Jiaxing Li HONG KONG, April 29 (Reuters) - China's yuan strengthened to a one-month high against the U.S. dollar on Tuesday, recouping all the losses inflicted by the Trump administration's latest round of tariffs as Beijing signalled a commitment to currency stability.The yuan CNY=CFX...Reuters
Tue, Apr 29
Dollar struggles to regain ground on US-China trade standoff
April 29 (Reuters) - The dollar recouped some of its losses on Tuesday, supported by reports that the U.S. administration may ease planned tariffs, although investor caution lingered over whether a meaningful de-escalation in the U.S.-China trade conflict was in motion.Reuters
Tue, Apr 29
EUR/GBP loses ground below 0.8500, investors await BoE’s Ramsden speech
The EUR/GBP cross extends its downside to near 0.8490 during the early European session on Tuesday. The Euro (EUR) softens against the Pound Sterling (GBP) due to the dovish remarks from the European Central Bank (ECB).
Fxstreet
Tue, Apr 29
Yuan hits highest level since April 2 as China holds ground
HONG KONG, April 29 (Reuters) - China's yuan rose on Tuesday to its strongest level against the U.S. dollar in nearly a month, recovering from losses sustained after the U.S. announced hefty tariffs, as Beijing signalled a commitment to currency stability.
Reuters
Tue, Apr 29
CORRECTED-FOREX-Dollar struggles to regain ground on US-China trade standoff
Dollar still weak as investors fret over Sino-U.S. trade warTrump set to reduce the impact of automotive tariffsCanadian dollar falls slightly in wake of election resultsBy Rae Wee SINGAPORE, April 29 (Reuters) - The dollar barely recouped its heavy losses on Tuesday as investors were no clearer ...Reuters
Tue, Apr 29
EUR/USD Price Forecast: Remains capped below 1.0400, bullish bias prevails
The EUR/USD pair attracts some sellers to near 1.0375 during the Asian session on Tuesday. The Euro (EUR) weakens against the Greenback amid rising expectations of further rate cuts from the European Central Bank (ECB) in June and mixed signals on US-China trade relations.Fxstreet
Tue, Apr 29
NZD/USD falls to near 0.5950 due to shifting US-China trade signals
NZD/USD is retracing its recent gains from the previous session, trading around 0.5960 during the Asian hours on Tuesday. The US Dollar (USD) is finding support as optimism grows over easing US-China trade tensions.
Fxstreet
Tue, Apr 29
Australia, NZ dollars make the most of US tariff tangle
By Wayne Cole SYDNEY, April 29 (Reuters) - The Australian and New Zealand dollars were making another attempt at topside resistance on Tuesday as conflicting comments over White House tariff policies undermined confidence in their U.S. counterpart.Markets were jolted when U.S. Treasury Secretary ...Reuters
Tue, Apr 29
GBP/USD declines below 1.3450 ahead of BoE’s Ramsden speech
The GBP/USD pair attracts some sellers to near 1.3425 during the early Asian trading hours on Tuesday, pressured by a modest rebound of US Dollar (USD). Investors await a speech by Bank of England (BoE) official Dave Ramsden for fresh impetus.
Fxstreet
Tue, Apr 29