Turkish President Tayyip Erdogan said on Wednesday that an opposition political campaign inquiring over the sale of some $128 billion in the central bank's foreign reserves was "outright treason against the people of Turkey."
* Graphic: World FX rates http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. By Julien Ponthus. Sterling held its ground against the dollar on Wednesday as traders assumed a rise in inflation in March would have little impact on monetary policy and waited for crucial activity and retail sales data due at the end of the week.
British inflation picked up in March as global oil prices rose and COVID-driven discounts on clothing were lifted, it is expected to carry on climbing as the economy re-opens from lockdown. Consumer price inflation rose to 0.7% in March from 0.4% in February, just below the average forecast of 0.8% in a Reuters poll of economists, according to official figures published on Wednesday.
Brazil's federal tax revenue hit a record high for the month of March, the revenue service said on Tuesday, another bumper month that suggests the economy may be withstanding the deadly second wave of the COVID-19 pandemic better than many had predicted.
Brazil's federal tax revenue rose to 137.9 billion reais in March, the federal tax service said on Tuesday, a record for the month since the data series began in 2007 and up 18.5% in real terms from the same month last year.
The dollar firmed on Tuesday
amid a mix of gains and losses against major currencies as
interest rates in the United States moved in a tight range and
the outlook for vaccinations in Europe improved.
Buyers are turning up the heat on Canada's searing hot housing market, their frenzy leading to record sales, prices and starts, but in a budget unveiled on Monday the federal government did little to tamp down the fire. The Teranet-National Bank Composite House Price Index showed home price gains accelerated 1.5% in March from February, data released on Tuesday showed.
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