SYDNEY, March 31 Reuters The Australian and New Zealand dollars steadied on Wednesday as upbeat economic news combined with rising bond yields to support the currencies in the face of broad U.S. dollar gains. The Aussie was holding at 0.7604, having recoiled from a peak of 0.7664 overnight. That left it uncomfortably close to the […]
ROME, March 30 Reuters The Italian economy could grow by around 4.25 this year, the International Monetary Fund said on Tuesday, hiking its previous forecast of 3 made in January. The IMF said its new projection, made in a report following an annual visit to Italy, was dependent on COVID19 vaccinations being well advanced by […]
BERLIN, March 30 Reuters Higher energy prices and supply chain disruptions pushed Germanys annual consumer price inflation in March above the European Central Banks target of close to but below 2, Federal Statistics Office data showed on Tuesday. Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, rose by […]
LONDON, March 30 Reuters The pound strengthened against a weaker euro on Tuesday, but was flat against the dollar, as investors focused on the outlook for reopening the UK economy from its lockdown. Sterling has gained some 4.5 against the euro so far this year. Analysts say the move is largely due to the pace […]
U.S. financial companies such as universal bank JPMorgan and regional lender Comerica may remain beneficiaries of higher long-term rates, but need those on the short end of the curve to rise to show any significant earnings improvement.
Rates as of 0500 GMT Market Recap JPY weakness continued to be a focus of the market as USDJPY hit the highest its been since March 25th last year almost exactly a year ago. This is despite betterthanexpected data out of Japan the February unemployment rate stayed at 2.9 vs. 3.0 expected and retail sales […]
Turbulent market conditions have led to a renewed focus on automation tools, and a desire to customize them however portfolio managers and FX traders see fit.