LONDON – Bank of England Governor Mark Carney on Thursday said that a consumer slowdown in the British economy has now started in earnest, as rising inflation officially starts to hit regular Brits.
New applications for U.S. jobless benefits unexpectedly fell last week while producer prices rebounded strongly in April, pointing to a tightening labor market and rising inflation that could spur the Federal Reserve to raise interest rates in June.
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has commended the Central Bank of Nigeria (CBN’s) decisionto stop some banks from participating in the SME wholesale window of the forex market following series of complaints that some of the banks were deliberately frustrating efforts by many SMEs to access forex from the window.
The New Zealand dollar dropped after the Reserve Bank surprised investors by keeping its interest rate track unchanged, despite recent data showing a spike in inflation and a strong labour market.
[SHANGHAI] The use of local currencies instead of the US dollar or other major currencies in China's Belt and Road initiative will help to ensure financial stability, officials at China's central bank said this week.
Bitcoin surpassed $1,800 on Thursday to a fresh record high, rising more than $100 in just two days, driven by comments from policy makers and positive noises around the future of the cryptocurrency.
JPMorgan Chase & Co. has the biggest market share among foreign-exchange dealers, according to Greenwich Associates.
Next trading day's important events
- 09:00 (GMT+3) Germany – Gross Domestic Product s.a (QoQ) (Q1)
- 15:30 (GMT+3) US – Retail Sales (MoM) (Apr)
- 15:30 (GMT+3) US – Consumer Price Index (YoY) (Apr)
- USDJPY: 113.64
- EURUSD: 1.0865
- S&P 500: 2386.69
- NASDAQ: 6090.47