On Thursday, the European Central Bank cut interest rates by 25 basis points to 2.65%, but immediately indicated that the rate-cutting phase might be coming to an end as inflation cools. The euro continued to rise. This led the money market to reduce bets on further action, and they now expect no more than two […]
Options market data indicates that traders are not optimistic that the euro, which has risen by 4% this week, will be able to sustain its strong momentum in the coming weeks. Previously, due to the breakdown of the mineral agreement negotiations between the United States and Ukraine, and Germany’s announcement of defense and infrastructure plans […]
The dollar fell on Tuesday as concerns over the economic impact of the trade war triggered by the United States pulled down US Treasury yields and sent stock prices plunging, prompting investors to flock to overseas safe-haven assets. The Bloomberg Dollar Spot Index dropped by 0.7% at one point, hitting its lowest level in a […]
US President Donald Trump confirmed that he would impose a 25% tariff on products from the two countries starting Tuesday, and the Canadian dollar and the Mexican peso immediately plunged. This is the latest in a series of trade statements from the US government, which have dealt a heavy blow to investors in the $7.5 […]
Last week, President Donald Trump’s tariff threats once again boosted the US dollar, but as there were signs that the US economy was cooling down and concerns that the trade war would further weaken the dollar, more and more investors began to short the US dollar. More and more dollar bears include asset management companies […]
Currency traders bought the US dollar after Trump confirmed that he would impose a 25% tariff on Canada and Mexico next week and raised the possibility of imposing new tariffs on China. The tested strategy led the Bloomberg Dollar Index to its biggest gain in three weeks. Currencies linked to Trump’s targets – the Mexican […]
As expectations of further interest rate hikes by the Bank of Japan heat up, Japanese economic data has become the focus of yen traders for the first time in a decade. This marks a shift in the mindset of the Bank of Japan since it ended its negative interest rate policy in March last year. […]
The yen rose to its highest level in more than four months as global risk aversion and expectations of further interest rate hikes by the Bank of Japan enhanced its appeal. The yen rose as much as 0.8% against the dollar to 148.57, the highest level since October 11. The move came after US President […]
On Monday, the United States and Russia voted against a European-backed resolution at the United Nations General Assembly that condemned Moscow’s “full-scale invasion” three years ago. Later, the two sides reached their first agreement at the Security Council since the war began, approving an American resolution calling for a “swift end” to the conflict without […]
As the dollar’s rally has paused and US President Donald Trump’s initial tariff offensive has not been as severe as earlier expected, investors’ interest in emerging market stocks in Asia is heating up. In the five days up to Friday, fund managers snapped up more than $700 million worth of stocks in developing Asian countries […]