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Forexlive Americas FX news wrap: ECB cuts rates and highlights downside risks
Session wrap
Wrap Nth America
- ECB cuts key rates by 25 bps in April monetary policy decision, as expected
- ECB sources report: Decision to cut interest rates was unanimous
- ECB sources: Some members see a high chance of a June cut
- US initial jobless claims 215K vs 225K estimate
- US April Philly Fed business index -26.4 vs +2.0 expected
- Trump has spoken with Kevin Warsh about taking over the Fed Chair - WSJ
- Trump: China has reached out since tariffs
- Trump will sign executive order extending federal hiring freeze until July
- Trump: Federal Reserve Chairman will leave if I ask him to
- Lagarde: Downside risks have increased
- Lagarde Q&A: A number of governors a few weeks ago would have argued to skip a rate cut
- Trump trade deal with Japan is close - report
- Fed's Williams: Does not see the need to change rates any time soon
- Pres. Trump: .Very confident of trade deal with the EU
- Atlanta GDPNow growth estimate for Q2 unchanged at -2.2%
- US March housing starts 1.324M vs 1.420M expected
- Baker Hughes oil rig count +1 to 481
- Italy's economic minister to meet with US Treasury Secretary Bessent on Tuesday
- Anna Paulson is the new Philadelphia Fed Pres. effective July 1, 2025
- Israeli officials recently developed plans to attack Iranian nuclear sites in May
Markets:
- Gold down $15 to $3327
- S&P 500 +0.1%
- US 10-year yields up 5.4 bps to 4.33%
- WTI crude up $1.98 to $64.45
More to come
Source: Forex Live
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