FxWirePro: Mexican Peso whipsaws on Trump comments
Apr 27, 2017 11:17 am UTC| Commentary Economy
The Mexican peso reached its weakest point since mid-March after President Trumps commerce secretary Wilbur Ross said that the United States is imposing duties ranging from 3-24 percent on five Canadian companies that...
FxWirePro: What to expect from ECB ahead?
Apr 27, 2017 10:42 am UTC| Commentary Central Banks
Today European Central Bank (ECB) is to provide further guidance in policy meet. Result to be announced at 11:45 GMT, followed by a press conference at 12:30 GMT. The meeting is to be held in Frankfurt. Current policy...
Apr 27, 2017 10:25 am UTC| Commentary Central Banks Economy
The Central Bank of Russia (CBR) is expected to cut the key rate by 25 basis points to 9.50 percent, as does consensus, at its monetary policy meeting scheduled to be held on April 28. CBR governor Elvira Nabiullina...
French Election: Hollande calls on ministers to do everything possible to make sure Le Pen loses
Apr 27, 2017 10:19 am UTC| Commentary
French Presidential spokesman, Stephane Le Foll said at the council of ministers on Wednesday, Hollande has asked ministers to fully commit themselves to the election campaign to ensure that Marine Le Pen has the lowest...
French Election: Premature celebrations take tolls on Macron’s round two campaigns
Apr 27, 2017 10:18 am UTC| Commentary
After the En Marche leader Emmanuel Macron won the first round of the election on last Sunday with 23.9 percent of the votes, he dived into huge celebrations in his party headquarter in Paris. He then visited an expensive...
US under Trump Series: US will not terminate NAFTA but renegotiate
Apr 27, 2017 10:17 am UTC| Commentary Economy
President Donald Trump and his team decided against pulling the plug on North Atlantic Free Trade Agreement (NAFTA) after the President held two separate phone calls with the Canadian Prime Minister Justin Trudeau and the...
US under Trump Series: Trump administration unveils tax proposals
Apr 27, 2017 09:14 am UTC| Commentary Economy
The US treasury secretary Steven Mnuchin finally unveiled portions of the much anticipated Trump tax proposals on Wednesday. Mr. Mnuchin said that the proposal would reduce corporate tax rates from the current 35 percent...