Japanese Yen sticks to intraday gains near weekly high against bearish USD – FXStreet
Japanese Yen draws support from BOJ rate hiking beds and global flights to safety. Trade jitter and escalating geopolitical tensions continue to benefit safe in-home assets. The expectations provided by the forked BOJ apply downward pressure to the USD/JPY pair. The Japanese Yen (JPY) gained aggressive traction for the second day in a row on […]
US Dollar Index holds gains near 104.00 ahead of Michigan Consumer Sentiment Index release – FXStreet
The US dollar index rises towards 104.00, supported by two-year receivable yields at 3.96% and 4.29%, respectively. The US unemployment claims for the week ending March 7th were 220,000, breaking the forecast of 225,000. President Trump threatened 200% tariffs on all European wine and champagne, causing global concern. The US Dollar Index (DXY), which tracks […]
Australian Dollar depreciates as US Dollar gains ground amid market caution – FXStreet
The Australian dollar is struggling amid widespread risk aversion and ongoing economic concerns in China. Strong Australian economic data lowered expectations for further interest rate cuts by the Reserve Bank last week. Traders adopted caution ahead of the data release of the US consumer price index on Wednesday. The Australian Dollar (AUD) has become weaker […]
Pound Sterling holds onto gains against US Dollar amid concerns over US economic outlook – FXStreet
Pound Sterling Grip has earned more than 1.2900 against the US dollar as investors expect Trump's policies to reduce the momentum of US growth. Fed's Powell reiterated that central banks need to be more clear before adjusting monetary policy. Boe's Mann opposes a progressive and careful approach to monetary policy easing. Pound Sterling (GBP) will […]
Tesla stock drop erases $700B in gains since Trump election
Tesla shares continued their weeks-long dive on Friday. Elon Musk's electric car maker has wiped out the $700 billion in profits accumulated since the US presidential election. Tesla shares fell 4.6% before recovering slightly in the afternoon session on Friday morning. Tesla stocks fell more than 28% last month. Since January 1st, inventory has fallen […]
GOP ramps up effort in blue state amid Trump gains, activist says it’s ‘in play’
President Donald Trump benefited in several swing states in the last presidential election. Currently, one deep blue state in the northeast may have moved into the “purple” category. “Listen to me loudly and clearly: New Jersey is playing,” Scott Pressler, founder of Early Voting Action, told “Ingraham Angle” on Monday. Pressler, a conservative activist who […]
Pound Sterling holds onto gains against US Dollar as Trump tariff fears ease – FXStreet
Sterling of the pound trades firmly near 1.2900 against the US dollar, as the US president's tariffs are not too scary. Trump is poised to offer a one-month exemption from tariffs on cars in Canada and Mexico. BOE officials have led an approach to measuring progressive policy. Pound Sterling (GBP) will stick to earn close […]
EUR/USD gains further on potential Russia-Ukraine peace, ECB policy in focus – FXStreet
The EUR/USD shows a strength of around 1.0500 as positive developments to end the war in Ukraine improved the appeal of the Euro. The ECB is expected to cut interest rates by 25 bps on Thursday. President Trump has imposed 25% tariffs on Canada and Mexico, and another 10% on China. EUR/USD is slightly above […]
Australian Dollar extends losing streak as US Dollar holds gains amid increased risk aversion – FXStreet
The Australian dollar will be depreciated on Thursday following unfortunate private capital expenditures. Private capital expenditures in Australia, unexpectedly contracted by 0.2% QOQ in the fourth quarter of 2024, did not meet the market expectations for growth of 0.8%. The US dollar continues to strengthen as traders assess the economic performance and tariff outlook. The […]
Democrats struggle to reverse Trump's gains with Latinos
Democrats are struggling to reverse the rightward shift among Latino voters seen in November when President Trump once certainly earned a big profit from the blue voting block. The majority of Latino voters voted for former Vice President Kamala Harris in November, but stocks in support of Trump rose about eight points between 2020 and […]