Dollar slides towards Easter weekend – Yahoo Finance
By Tom Westbrook SINGAPORE (Reuters) – The dollar appeared to be trying to win a fourth consecutive weekly loss on Thursday as it acquired investors from US assets, but pulled a seven-month low against the yen as US trade talks have so far shunned currency debate. The dollar was assaulted as the US threatened, imposed […]
Australian Dollar receives support from improved global risk mood, US Retail Sales eyed – FXStreet
The Australian dollar remains stable despite the release of a soft Westpac major index on Wednesday. China’s GDP grew year-on-year at 5.4% in the first quarter, exceeding the expected 5.1%, maintaining a stable pace of expansion. The US dollar remains muted prior to the release of retail sales data in March later that day. The […]
EUR/USD trades near 1.1350, stays silent as US Dollar seeks to recover stability – FXStreet
The EUR/USD is stable as the US dollar tries to stabilize amid growing concerns for stags. Fed’s Bostic noted that the US Central Bank still faces a long road to reaching its 2% inflation target. The ECB is widely expected to offer 25 basis points of interest rate reduction on Thursday. EUR/USD traded at nearly […]
Australian Dollar gains strength as US tariff exemption fuels global risk appetite – FXStreet
The Australian dollar has moved forward after Trump exempts major technology products, including some from China, from his new “mutual” tariffs. RBA meeting minutes showed uncertainty about the timing of the next interest rate movement. The US dollar is stable as investors weigh on the weight of male dog concerns. The Australian Dollar (AUD) will […]
Dollar steady as traders grapple with tariff uncertainty, volatility – Yahoo Finance
Ankur Banerjee SINGAPORE (Reuters) – The dollar remained stable on Tuesday, but it endured six months of trough against Yen, a hit last week, as investors struggled to understand the changes before and after US tariffs. Still, the currency markets have settled far more after Asia hours after severely damaging the dollar despite a surge […]
Six reasons why the US dollar is struggling (and will continue to) – Forexlive
The story of the Trump administration so far is the weakness of the US dollar. Although policy making is confusing, when talking to people in the market, they emphasize three fears. The following US growth Higher US inflation Lower productivity/dynamism These are classic features of a poorly performed economy, but also 180-degree turns from what […]
China’s central bank urges state banks to reduce US dollar purchases amid new tariffs
Senator Rand Paul, R-Ky. has unraveled President Donald Trump's dispute over tariffs on “Kudrow.” China's central banks do not allow a significant drop in the yuan, urging major state banks to reduce their purchases of US dollars. Orders from Chinese officials come when the yuan faces heavy downward pressure amid dramatic additional tariffs on Chinese […]
Irish Illegal Alien Charged in Million Dollar Home Repair Fraud Scheme
Irish citizens, which exist illegally in the United States, are now in federal custody after being first arrested by the US Immigration Customs Enforcement (ICE). The 28-year-old man was taken into custody on criminal fraud and conspiracy charges related to a suspect's scheme to fraudulent homeowners in Rhode Island and Massachusetts. Authorities announced the arrest […]
The dollar and Treasurys are nosediving in the 'Sell America' trade – markets.businessinsider.com
The US dollar and the Treasury Department are being sold as President Donald Trump's trade war increases the risk of American assets. Investors are worried about Trump's policy changes and are moving money from US assets to classic safe shelters. The euro has hit a three-year high against the dollar and is benefiting from the […]
Dollar Tree selling Family Dollar to private firms for $1B
Dollar Tree announced Wednesday that it agreed to sell its family dollar division to a group of private equity companies in transactions worth around $1 billion. The acquisition by a consortium of companies, including brigade capital management and macerum capital management, is Previous reports from the Wall Street Journal. The decision to sell family dollars […]