Overseas Headlines – April 5, 2022

United States:

U.S. Trade Gap Stays Close to Record as Services Surplus Narrows

“The U.S. trade deficit held close to a record in February as the merchandise shortfall shrank and the surplus in services declined, partly reflecting the impact of broadcast rights for the Olympics.”



ECB Policy Normalization Still Appropriate, Schnabel Says

“The European Central Bank is right to press forward with its plan to normalize monetary policy even as the war in Ukraine creates “elevated uncertainty,” Executive Board member Isabel Schnabel said.”



Ex-Japan Forex Chief Sees Kuroda Standing Firm Despite Weak Yen

“Bank of Japan Governor Haruhiko Kuroda won’t change his ultra-low interest rate policy in the coming quarters, even though he’ll come under political pressure to do so over the weak yen, according to one of the country’s former chief currency officials.”



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