EUR/USD
1.10811
2.111%
Gold
3066.56
-2.094%
Oil
66.512
-5.548%
USD/JPY
146.061
-2.157%
GBP/USD
1.31550
1.142%
GBP/JPY
192.144
-0.989%
Real-time News
Morgan Stanley: It is currently expected that the Federal Reserve will not cut interest rates in 2025, while it was previously expected to cut interest rates by 25 basis points in June.Crude oil futures are erasing gains from recent weeks as the rollout of Trump’s “reciprocal tariffs” looks worse than many expected, raising concerns that it will slow the global economy and oil demand. “U.S. consumers are in a tough spot, and overseas manufacturers are in the same boat, which is bad for demand in an already troubled environment,” TP ICAP’s Scott Shelton said in a report.U.S. imports in February were $401.1 billion, compared with $401.2 billion in the previous month.U.S. exports in February were $278.5 billion, compared with $269.8 billion in the previous month.On April 3, Melanie Debono, a macro analyst at Panson, said that Switzerlands future inflation trend may depend on the countrys retaliatory measures against US tariffs. The Trump administration imposes a uniform tariff of 31% on all goods imported from Switzerland, which will have a suppressive effect on inflation if it seriously affects economic growth by hitting exports and investment. The United States may still impose tariffs on Switzerlands main export products, medicines, but so far, the United States has not imposed tariffs on Swiss medicines. But Debono pointed out that a major retaliation from Switzerland would mean that imported inflation would rise more than currently expected. Switzerland currently does not impose tariffs on manufactured goods, so the United States does not either. The United States reciprocal tariffs are partly because it believes that Switzerland is a currency manipulator.
