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22 Apr 2025

US Vice President Vance: India and America have finalized terms of reference for a trade deal

US Vice President James David Vance announced on Tuesday that India and America have finalized the terms of reference for a trade deal.

Additional quotes

I believe that India and the US have much to offer one another.
Our administration seeks trade partners on the basis of fairness.
We have common goals with India.
India and the US will co-produce many defence equipment items.
India and the US both know the region must remain safe from any hostile powers.
We want India to buy more of our military equipment.
We want to help India explore offshore gas reserves and critical mineral supplies.
India should consider dropping some of the non-tariff barriers for American access to the Indian market.
I welcome India's budget amendment of nuclear liability laws.
I believe America's energy can help realise India's nuclear goals.

Apr 22, 2025

BoE on track for May cut after disinflation surprise – Danske Bank

Prior to Easter, EUR/GBP rose on the soft inflation data for March only partly reversed since then on a dovish ECB, Danske Bank's FX analysts report.

DXY: Short covering Soon? – OCBC

Dollar Index (DXY) continued to trade near recent lows and was last seen trading at 98.44, OCBC's FX analysts Frances Cheung and Christopher Wong note.