• Reuters

    FOREX-Dollar takes a breather as investors ponder US rates outlook

    The dollar was soft on Thursday as traders assessed the U.S. interest rates outlook in the wake of comments from Federal Reserve officials that cemented expectation of monetary settings remaining restrictive for a while longer. The dollar has been rising in recent weeks as a slew of strong U.S. economic data and persistent inflation dashed expectation of rate cuts in the near term. Dollar strength has cast a shadow across currency markets, keeping the yen rooted near 34-year lows and leading to several warnings from Japanese authorities as traders fret about possible intervention.

  • PA Media: UK News

    What the papers say – April 18

    A variety of stories feature on the fronts of the nation’s papers on Thursday.

  • Reuters

    TSMC set to report 5% rise in first-quarter profit on strong AI chip demand

    Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5% rise in first-quarter profit on Thursday thanks to strong demand. The world's largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI that has helped it weather the tapering off of pandemic-led electronics demand and pushed TSMC's stock to a record high. TSMC is set to report a net profit of T$218.1 billion ($6.74 billion) for the quarter ended March 31, according to an LSEG SmartEstimate drawn from 22 analysts.