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Forex
EUR/USD picks up from lows but remains on the defensive amid fresh tariff woes
The Euro depreciates further as Trump's new Tariff salvo hammered risk appetite.US Jobless Claims drop unexpectedly, dampening hopes of Fed interest-rate cuts…
US Dollar Index trades firmly below 98.00 Trump’s fresh tariff threats spoils market mood
The US Dollar Index trades higher to near the two-week high of 97.90 amid a sour market mood.US President Trump imposes 35% tariffs on Canada and is prepared…
Pound Sterling declines as shrinking UK GDP boosts BoE dovish bets
The Pound Sterling trades lower against its major peers as the UK GDP unexpectedly declined by 0.1% in May.US President Trump is considering to increase 10%…
Markets stay calm amidst rising tariffs – Commerzbank
The US has started sending out its tariff letters (or posting them on social media). However, the market does not seem to be interested in this at all at the…
CAD slides but quickly steadies on 35% tariff threat – Scotiabank
So much for the July 21st deadline. The Canadian Dollar (CAD) slumped on the 35% tariff headlines when they hit overnight but quickly steadied as it became…
GBP tumbles on softer data ahead of next month’s BoE meeting – Scotiabank
Pound Sterling (GBP) is down 0.3% againt the US Dollar (USD) and trading heavily in response to the release of weaker than expected data including an…
JPY underperforming as markets eye trade developments – Scotiabank
The Japanese Yen (JPY) is weak, down 0.4% against the US Dollar (USD) and trading heavily in an environment of trade policy uncertainty, Scotiabank's Chief FX…
CAD: Now it’s Canada’s turn again with tariffs – Commerzbank
A few hours ago, the US President published a letter to Canada to inform them of the introduction of 35% tariffs from 1 August. As usual, he justified this by…
US Dollar Index clings to weekly gains as rally stalls near resistance
The US Dollar gains strength on Friday, lifted by US President Trump’s renewed tariff threats and fading expectations of near-term Fed interest rate cuts.Trump…
Breaking: Canadian jobs report surprises to the upside in June
The Unemployment Rate in Canada drops to 6.9% in June.USD/CAD recedes to the 1.3650 region following the data release.Statistics Canada reported on Friday that…