The Indian Rupee continues to weaken amid renewed USD demand from importers and persistent foreign fund outflows. USD/INR may face headwinds as the US Dollar comes under pressure following Moody’s downgrade of the US credit rating. The INR finds some support from falling crude oil prices, driven by reports of progress in US-Iran nuclear talks. […]
US stocks rally amid tariff relief and inflation optimism United States (US) stock markets finished last week on a high note after the US and China agreed to significantly roll back tariffs for 90 days. Cooler-than-expected consumer price index (CPI) and producer price index (PPI) data reinforced expectations for potential Federal Reserve (Fed) interest rate
European Central Bank forecast from Barclays. The ECB’s next monetary policy meeting is scheduled for June 5, 2025. Market expectations suggest a high probability of another 25 basis point cut, potentially bringing the deposit rate down to 2.00%. This outlook is influenced by concerns over global trade tensions and their impact on eurozone inflation and
GBP/USD rises as US Dollar weakens in response to Moody’s decision to downgrade the US credit rating by one notch. A series of weak US economic indicators has strengthened expectations of further Federal Reserve rate cuts later this year. The Pound Sterling has strengthened, supported by UK GDP data released on Thursday that exceeded expectations.
Comments from an official at China’s National Bureau of Statistics (NBS) Productivity demand grew steadily employment situation generally stable economy grew steadily in face of pressure, continues developing in an upward trend China actively diversifying, expanding trade with Belt and Road initiative nations The comments follow the April economic data release, a mixed bag: China
AUD/USD struggles to gain any meaningful traction amid mixed fundamental cues. A weaker risk tone caps the Aussie, though a weaker USD lends support to the pair. Traders look to Chinese macro data for some impetus ahead of the RBA on Tuesday. The AUD/USD pair kicks off the new week on a subdued note and
U.S. stock futures took a significant hit due to growing fiscal concerns that were exacerbated by Moody’s recent decision to lower the U.S.’ long-standing triple-A credit rating to Aa1. The credit rating agency highlighted increasing entitlement expenditures, rising interest costs, and ongoing political deadlock as major risks to maintaining debt sustainability. In a televised interview,
New Zealand first quarter 2025 producer price index PPI Input +2.9% q/q PPI Output +2.1% — Stats NZ summary: The largest output industry contributions were from: electricity, gas, water and waste services, up 26.2 percent manufacturing, up 2.3 percent rental, hiring and real estate services, up 1.4 percent. The largest input industry contributions were from:
US Treasury Secretary Bessent spoke with CNN on Sunday. He was forthright with his threat to foreign countries that Trump’s tariff will jump back a “reciprocal” level if trade deals are not reached with the US: “Trump has put them on notice that if you do not negotiate in good faith, you will ratchet back
A viral AI image The weekend started off with a bang as the US credit rating was downgraded by Moody’s late in the day. That will start things on a soft footing but a few developments afterwards also aren’t promising: 1) Bessent’s reaction to the downgrade When he campaigned for the job of Treasury Secretary,
The UK Times (gated) interview with Prime Minister Starmer. From the report (bolding is mine): The prime minister is expected to announce broad plans for a youth mobility deal on Monday as part of a wider agreement with the European Union The deal will bring Britain into the closest alignment with the EU since Brexit
The recent decision by U.S. President Donald Trump to accept a luxurious Boeing 747-8 airplane valued at approximately $400 million from Qatar has ignited significant controversy in the United States, drawing legal, ethical, and political scrutiny. Many are asking: Is it legal for Trump to accept the airplane gift? Is President Trump Allowed to Accept
