NEW YORK (Reuters) – The dollar rose on Thursday as weaker-than-expected U.S. economic growth in the first quarter is viewed as not likely to deter the Federal Reserve from raising interest rates next week. The advance estimate of first-quarter gross domestic product (GDP) showed a 1.1% annualized rate during the period. The economy grew at […]

SINGAPORE (Reuters) – China’s yuan currency is slowly but surely being adopted for more international payments, which analysts say could lay foundations for a trade system running parallel to the dominant U.S. dollar. In the past day alone, data showed that more cross-border transactions with China were settled in yuan in March than in dollars for the […]

US jobless claims came below analysts’s expectations. Jobless Claims: Lower data suggest that labour market is still strong, despite recent hike to 245k. US500 rose sligtly but so far withount any significant reaction. At the same time GDP and PCE data were released, which were equally important.

US, US GDP report for Q1.  US, initial jobless claims. Actual: 230k. Expected: 249k. Previous: 245k Lower growth – as suggested by GDPNow model, but higher price pressures. Weak mix from the perspective of future Fed decisions. US100 loses, dollar gains slightly. Source: xStation 5

Central Bank of the Republic of Turkey announced its latest rate decision today at 12:00 pm BST. Market expected CBRT to hold the main 1-week repo rate unchanged at 8.50% for another month. There was no surprise as rates were left unchanged. Such a decision was widely expected and therefore no major reaction could be […]

📣US GDP report for Q1 2023 (1:30 pm BST) is the final key data releases ahead of next week’s FOMC decision US economy is slowing but a number of parts of the economy are still showing solid data. This is especially true for jobs market as well as the services sector. However, recent data releases […]