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Forex News
U.S. Consumer Prices Unexpectedly Edge Lower In March
The Labor Department released a report on Thursday unexpectedly showing a slightly decrease by consumer prices in the U.S. in the month of March.
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59 days ago
U.S. Weekly Jobless Claims Inch Up In Line With Estimates
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits crept slightly higher in the week ended April 5th.
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59 days ago
Bay Street Likely To Open Lower
Lower Canadian and U.S. futures, and weak crude oil prices point to a negative start on Bay Street Thursday morning.
The focus this morning will be on U.S. consumer price inflation data, which could give some clues about the Federal Reserve's interest rate move in its next meeting.
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59 days ago
Philippine Central Bank Trims Key Rates By 25 Bps
The Philippine central bank resumed its policy easing on Thursday, by cutting the rates by a quarter-point to address the challenges posed by trade tariffs. The Monetary Board of the Bangko Sentral ng Pilipinas decided to reduce the Target Reverse Repurchase rate by 25 basis points to 5.50 percent. The interest rates on the overnight deposit and lending facilities were accordingly reduced.
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59 days ago
FTSE 100 Up Sharply As Stocks Rally On U.S. Tariff Pause
U.K. stocks got off to a rousing start on Thursday, lifted by strong global cues following U.S. President Donald Trump announcing a 90-day pause of reciprocal tariffs on most U.S. trade partners, excluding China, to facilitate renewed trade negotiations.
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59 days ago
Tesco Stock Down On Weak Pre-tax Profit In FY25, Cautious Outlook
Shares of Tesco Plc were losing around 6 percent in the morning trading on the London Stoock Exchange after the British retail major reported Thursday lower pre-tax profit in fiscal year 2025 and issued a cautious outlook for fiscal 2026 adjusted operating profit. However, net profit in the year climbed from last year, with growth in revenues, and the firm lifted dividend and announced...
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59 days ago
CAC 40 Up Sharply On Trump's Tariff Pause Announcement
French stocks are high up in positive territory on Thursday with U.S. President Donald Trump's announcement of a 90-day suspension of reciprocal tariffs for most trading partners, excluding China, buoying up sentiment and prompting investors to indulge in hectic buying across the board.
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59 days ago
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DAX Up Over 5% Despite Coming Off Early Highs
German stocks are up sharply on Thursday with investors going on a buying spree after U.S. President Donald Trump announced a 90-day suspension of reciprocal tariffs for most U.S. trade partners, except China, to facilitate renewed trade negotiations.
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59 days ago
Swiss Franc Recovers Slightly Against Majors
The Swiss franc recovered slightly against other major currencies in the European session on Thursday.
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59 days ago
European Shares Climb On Trump Tariff Relief
European stocks soared on Thursday after U.S. President Donald Trump announced a 90-day pause for countries hit by higher U.S. tariffs, with the exception of China.
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59 days ago
Asian Shares Rally After Trump's Tariff Pause
Asian stocks rallied the most in more than two years on Thursday as U.S. President Donald Trump paused most of his sweeping reciprocal tariffs for 90 days to allow more time for negotiations, but raised the levies on China to 125 percent, further escalating a high-stakes confrontation between the world's two largest economies.
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59 days ago
Commodity Currencies Rise Amid Risk-on Mood
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Thursday amid increased risk-on mood by the investors, with sharp gains across all markets in the region after U.S. President Donald Trump announced a 90-day pause on new "reciprocal tariffs" on most countries to allow for negotiations. However, Trump excluded China from the pause.
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59 days ago
UK Housing Market Conditions Weaken On Challenging Macroeconomic Factors
The UK housing market conditions weakened in March as demand faded following the end of stamp duty holiday amid rising concerns about economic outlook, survey data showed on Thursday. New buyer demand turned negative and hit the lowest since September 2023, the Residential Market Survey from the Royal Institution of Chartered Surveyors showed on Thursday.
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59 days ago
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