EUR/USD drops below 1.13 as robust US data weakens Eurozone PMIs
While ECB officials expressed cautious optimism, the euro was affected by a weaker-than-expected EU PMI. The US PMI exceeded predictions, demonstrating economic resilience and bolstering the dollar. Trump’s budget advances in the House, further lifting the US dollar amid fiscal momentum. In the currency market, the EUR/USD pair was impacted by the release of better-than-expected […]
EUR/USD climbs for a third consecutive day as the US dollar weakens.
EUR/USD Breaks 1.1300 Mark The EUR/USD climbed above 1.1300 on Wednesday. Market sentiment soured towards the US dollar after a rise in Treasury yields and falling bond demand. PMI reports are set to come out on Thursday from both the US and Europe. The EUR/USD pair gained traction on Wednesday, surpassing the 1.1300 level. This […]
Dollar weakens as concerns arise about US economy, traders consider US-Japan discussions
US Dollar Continues to Decline Amid Economic Concerns On Tuesday, the US dollar experienced another drop, following a week of losses, as traders shifted their focus away from the Federal Reserve’s economic outlook. There are discussions indicating that upcoming US consultations could prevent any major debates and fluctuations in the Forex market. Trading conditions were […]
EUR/USD climbs close to 1.1200 as the US Dollar weakens due to budget worries.
The US dollar is expected to strengthen even as it weakens in light of a downgrade in the US credit rating. Moody’s anticipates a significant increase in US federal debt, projecting it to reach about 134% of GDP by 2035, up from 98% in 2023. There are hopes for another interest rate cut from the […]
2024 campaign by President Joe Biden weakens the Democratic party, senior advisor claims in new book
Biden’s Campaign and Harris’ 2024 Prospects A prominent Democratic consultant has claimed that former President Joe Biden’s second presidential campaign has hindered Vice President Kamala Harris’s chances against Donald Trump in the 2024 election. David Plouffe, who managed Barack Obama’s campaign and now advises Harris for 2024, shares insights in his upcoming book, “Original Sin: […]
Trump to Dismantle Biden’s Export Rule that Weakens U.S. Leadership in AI
President Donald Trump is reversing regulations from the Biden administration, which many conservatives argue weaken American leadership in artificial intelligence (AI). The Commerce Department’s Public Relations Officer stated on Wednesday that the Trump administration will revoke the Biden rule called the Artificial Intelligence Diffusion Rules (AIDR), aimed at limiting the export of AI chips. This […]
Albanese warns against complacency as Cyclone Alfred weakens to tropical low off Queensland coast | Tropical Cyclone Alfred
Australians warned they should not be satisfied with the dangers posed by former tropical cyclone Alfred after being downgraded to the tropical cyclone system on Saturday morning. Tropical Cyclone Alfred was downgraded after stalling within miles of mainland Australia on Saturday morning, but warnings remain of heavy winds and rainfall in southeast Queensland and northeast […]
Mexico’s Manufacturing Woes Deepen as U.S. Demand Weakens Ahead of Tariffs
Tariffs on Mexico's exports to the US are poised to be hit at particularly difficult times for factories in the country. Mexican manufacturing has signed at its fastest pace in the five months of February. The latest S&P Global Mexico Manufacturing PMI fell to 47.6 from 49.1 in January, marking its eighth consecutive month of […]
Pound Sterling weakens against US Dollar as US Durable Goods Orders data beats estimates – FXStreet
Pound Sterling will drop to nearly 1.2640 against the US dollar after strong US durable goods order data in January. President Trump said he will soon release details of tariffs in the eurozone. Investors are awaiting the Trump Starmer Conference and US PCE inflation data. Pound Sterling (GBP) will slide to nearly 1.2640 against US […]
Australian Dollar weakens amid heightened global risk sentiment – FXStreet
The Australian dollar is grateful despite intensifying trade tensions. PBOC has injected $300 billion through a one-year medium-term lending facility (MLF), stabilizing at 2%. President Trump said tariffs in Canada and Mexico will “move ahead.” The Australian Dollar (AUD) will recover daily losses as the US Dollar (USD) weakens amid declining yields at the US […]