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2014.04.1616:57:00UTC+00Fx Market Briefs

  • Yellen: Fed must adjust policy to foster healing in labor market; seeing meaningful progress though goal not achieved
  • U.S. IP +0.7% (forecast +0.5%), Cap U 79.2%, Highest since June 2008
  • Yellen says near zero rates hinge on distance U.S. econ remains from jobs, inflation goals
  • Yellen repeats expectation for considerable time between end of bond-buying and first rate rise
  • Yellen: Rates likely to be lower for longer due to persistent effects from crisis, slower possible productivity
  • Bank of Canada holds rates, points to risks of weak inflation
  • U.S. Housing March starts 946k (forecast 973k), Single-family +6.0%, Multi-family -3.1%
  • Fed's Fisher: QE3 taper should continue, end in fall
  • White House: Appropriate for Ukraine govt to take action to restore and order, urges it to do so in measured and responsible way
  • U.S. economic activity increased in most regions -Fed's Beige Book
  • Brazil food prices easing, rate hikes to be felt -Tombini
  • Russia FinMin proposes to tighten budget rule amid capital outflow
  • Moody's says Russia's weak macro outlook will pressure Russian banks' asset quality and net profits
  • Brazil's Araujo says impact of recent rate increases still to be felt
  • France to extend public sector wage curbs to 2017

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