FX News

Key Points This Week:

Key Points:

  • The International Monetary Fund sees growth at 2.8% in 2023 and 3.0% for 2024, this is down slightly on January’s forecast. Global growth is seen at 3.0% in 2028, this is the worst mid-term forecast since 1990.
  • North Korea have launched another ballistic missile towards the Sea of Japan 
  • Post US CPI release Goldman Sachs doesn’t expect a hike in May but nothing at the June meeting, previously they had forecast rises at both meetings.
  • ECB’s Villeroy says they have a long way to go hiking rates with a 50-point hike in May forecast. 
  • Bank of Canada holds their cash rate at 4.50% as widely expected.
  • Fed warns of recession chances last in 2023.
  • Ukraine has launched an investigation over a gruesome video showing a  Ukraine soldier being beheaded. 
  • The Euro (EUR) has been the strongest currency in April thus far with the New Zealand Dollar (NZD) the weakest.
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