Trump Threatens 100 Percent Tariffs On Any ‘BRICS’ Nation That Abandons US Dollar
President-elect Donald Trump on Saturday threatened to impose 100% tariffs on BRICS countries that abandon the US dollar. President Trump has warned the economic alliance, which includes markets such as Brazil, Russia, India, China and South Africa, that the move away from the US dollar and the creation of a new BRICS currency will not […]
Gold prices jump as dollar dips on rate cut bets, geopolitical tensions rise – Investing.com
Investing.com — Gold prices rose in Asian trading on Friday, taking advantage of a weaker dollar as traders bet on a December interest rate cut, but rising geopolitical tensions also boosted haven demand. . The yellow metal suffered some losses in the week following the announcement of the ceasefire between Israel and Hezbollah. However, prices […]
Canadian Dollar tepid amid US holiday markets – FXStreet
The Canadian dollar was mostly flat near familiar territory on Thursday. Canada's GDP statistics released on Friday will capture the attention of looney traders. Market volume is significantly lower as the US market is closed for Thanksgiving. The Canadian dollar (CAD) traded thin against the US dollar on Thursday, holding the 1.4000 handle as global […]
Asian stocks subdued, dollar drifts ahead of US Thanksgiving – Yahoo Finance
Written by Harry Robertson and Uncle Banerjee LONDON/SINGAPORE (Reuters) – European shares rose on Thursday after falling a day earlier, while Asian stocks fell as trading volume eased ahead of the U.S. Thanksgiving holiday. The continent-wide STOXX 600 index rose 0.48% after falling 0.75% in the previous two sessions. MSCI's broadest index of Asia-Pacific stocks […]
USD/CAD drops even though US Dollar rebounds, Canadian Q3 GDP in focus – FXStreet
The Canadian dollar strengthened on expectations for healthy trade negotiations with the US, while the USD/CAD pair fell. Economists expect Canada's economy to grow by 1% in the third quarter of this year. The US dollar recovered despite slow trading due to Thanksgiving. Despite decent recovery moves in the US dollar (USD), the USD/CAD pair […]
US Dollar retreats after GDP, PCE data meets forecast – FXStreet
The US dollar index plunged towards 106.00 on Wednesday. The dollar has fallen, but the market is pricing in a more hawkish Fed, so losses could be limited. October's PCE data met inflation expectations. In Wednesday trading, the U.S. Dollar Index (DXY), which measures the value of the U.S. dollar against a basket of currencies, […]
Dollar drops as markets weigh Trump tariff vow, yen hits 5-week high – Yahoo Finance
Written by Stefano Rebaudo (Reuters) – The U.S. dollar fell to a one-week low against major currencies on Wednesday as investors grew wary of President-elect Donald Trump's tariff pledges as they rebalanced their portfolios by the end of the month. . Markets will closely watch the Personal Consumption Expenditures (PCE) Price Index, which will be […]
USD/JPY falls to three-week lows as dollar slips to start the session – ForexLive
On the day, the pair fell nearly 1% to the 151.50 level, making the price its lowest since November 6th. But more noteworthy is that the sellers are attempting to break below the 200-day moving average (blue line). The key level is seen at 151.97, which would be a big blow to post-election upward momentum. […]
New Zealand Dollar rises as US Dollar remains sluggish due to optimism in the bond market – FXStreet
The New Zealand dollar strengthened after the RBNZ cut the official cash rate by 50 basis points in November. RBNZ Governor Orr noted that this forecast is consistent with a possible 50 basis point rate cut in February 2025. The dollar has struggled due to optimism in bond markets following President-elect Donald Trump's appointment of […]
US Dollar trades mixed after positive Consumer Confidence data – FXStreet
Next to be released later Tuesday are the FOMC minutes. The US dollar fluctuates after the Consumer Confidence Index from the Conference Board turns positive, before volatility subsides. President-elect Trump threatens tariffs on Mexico, Canada, China to boost US dollar. In trading on Tuesday, the US Dollar Index (DXY), which measures the value of the […]