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Tag: Forex News Round Up

Argentina Turns to the IMF For Help

Argentina has started talks with the International Monetary Fund seeking financial rescue once again, as inflation soars and the currency sinks.Buenos Aires looks to be going through another economic nightmare, with prices rising rapidly while the Argentine peso drops. The central bank announced last week another increase in rates to 40 percent — as the […]

Italian Bond Yields set for biggest monthly fall in 3-years

Italy’s 10-year government bond yield was set on Tuesday to end October with its biggest monthly fall in more than two years. A decision by the European Central Bank last week to extend its asset purchase programme well into next year, albeit at a reduced amount, has provided a powerful boost to peripheral bond markets […]

China and US to Meet in Washington to Talk Trade

China’s top economic official will visit Washington next week to continue trade talks with Trump administration officials, the White House said on Monday, after two days of talks in Beijing last week failed to produce a breakthrough. “We are working on something that we think will be great for everybody,” White House spokeswoman Sarah Sanders […]

Trump to Announce Iran Decision Tuesday Afternoon

Trump faces a May 12 deadline to either continue suspending sanctions targeting Iran’s oil exports or snap the penalties back into place. Refusing to grant the sanctions relief would imperil the nuclear agreement and potentially put the United States on a diplomatic collision course with some of its closest allies and trade partners. Under the […]

Vladimir Putin Sworn in For President for 6 More Years

Vladimir Putin was sworn in for another six years as Russian president on Monday, buoyed by popular support but weighed down too by a costly confrontation with the West, a fragile economy and uncertainty about what happens when his term ends. Standing in the ornately-decorated Andreyevsky Hall of the Grand Kremlin Palace, with his hand […]

Crucial Week for NAFTA Begins

Talks to update the NAFTA trade deal enter a make-or-break week on Monday, as ministers from Canada, the United States, and Mexico seek to resolve an impasse in key areas before elections in Mexico and the United States complicate the process. Discussions in Washington will center on rules of origin that govern what percentage of […]

Oil Rises on Venezuela and Iran Concerns

Oil prices rose to their highest levels since late-2014 on Monday, boosted by fresh troubles for Venezuelan oil company PDVSA and a looming decision on whether the United States will re-impose sanctions on Iran. Brent crude oil futures were at $75.78 a barrel at 1236 GMT, up 91 cents from their last close. Earlier in […]

UK PMI Fell Raising Pressure on BoE To Hold Rates

Fresh pressure on the Bank of England to delay raising interest rates has emerged after figures for manufacturing and consumer credit highlighted the weakness of the UK economy. Until recently, next week’s Bank meeting was widely expected to sanction another rate increase, but weak growth figures on Friday made such a move less likely and […]

BP CFO Says Oil Prices Could be Headed for Correction

Oil prices look to have climbed to unsustainable levels and could soon start to fall away from multi-year highs, BP’s chief financial officer (CFO) told CNBC Tuesday. Crude futures stood within $1 of highs not seen in more than three years on Tuesday morning, amid a broad price recovery which has helped the resurgence of […]

CNBC Survey Shows More Fed Rate Hikes and Lower Stocks

The outlook for inflation — and for Fed rate hikes to counter the threat — continues to push higher. The CNBC Fed Survey sees little chance for a hike at May’s two-day meeting, which begins Tuesday, but an 86 percent chance that the Fed will hike in June. The 37 respondents to the survey — […]