Oil Edges Lower as Trump Tariff Threats Pushes Dollar Higher
Oil prices edged lower today as the U.S. dollar strengthened, fueled by renewed trade tensions. Former President Donald Trump’s tariff rhetoric raised concerns over potential global economic headwinds, boosting demand for the dollar as a safe-haven asset. A stronger dollar typically pressures oil prices by making the commodity more expensive for holders of other currencies. […]
Gold Falls as Trump Tariff Threat on Canada, Mexico Aids Dollar
Gold prices dropped as renewed trade concerns bolstered the dollar, following comments from former President Donald Trump about potential tariffs on Canada and Mexico. The stronger dollar weighed on the metal, which typically moves inversely to the U.S. currency, as investors shifted toward safer liquid assets. Trump’s remarks, aimed at addressing alleged trade imbalances, heightened […]
PBOC sets USD/CNY reference rate at 7.1910 vs. 7.1918 previous
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 7.1910 on Monday, slightly below the previous rate of 7.1918. This move reflects continued efforts by Chinese authorities to maintain stability in the currency amid economic uncertainty and a strengthening U.S. dollar. The slight adjustment indicates Beijing’s cautious approach to balancing domestic growth […]
Dollar Jumps, Hammering Peso to Loonie on Trump Tariff Post
The U.S. dollar surged on news of new tariffs announced by former President Donald Trump, rattling global currency markets. The peso and loonie were among the hardest-hit currencies, as traders reacted to increased trade tensions and their potential economic fallout. The greenback gained strength across the board, fueled by its safe-haven appeal during heightened uncertainty. […]
Dollar gains after Trump vows tariffs against Mexico and Canada
The dollar surged on news of former U.S. President Donald Trump’s plan to reimpose tariffs on Mexico and Canada, targeting key trade flows in North America. The proposal, announced during a policy address, reignited concerns over trade tensions and their potential impact on the U.S. economy. Investors reacted swiftly, pushing the dollar higher against major […]
Ripple’s XRP eyes $1.96 after WisdomTree files for XRP ETF in the US
Ripple’s XRP could see a dramatic rise as investment firm WisdomTree submits a filing for an XRP-focused ETF in the U.S. This move, if approved, would mark a significant milestone for the token, reinforcing its institutional appeal and potentially lifting its value to the forecasted $1.96. The filing comes at a time when regulatory clarity […]
WTI drifts lower to near $68.50 on possible Middle East ceasefire deal
WTI crude oil prices edged lower, trading near $68.50 per barrel, as market participants weighed the potential impact of a ceasefire deal in the Middle East. The possibility of reduced geopolitical tensions in the oil-rich region tempered supply concerns, prompting a retreat from recent gains. Traders remain cautious as they assess how a ceasefire could […]
ECB’s Nagel: Central bank must not cut interest rates too quickly
The European Central Bank (ECB) should avoid cutting interest rates prematurely to maintain progress in curbing inflation, said Joachim Nagel, an ECB Governing Council member. Nagel emphasized the importance of staying vigilant, as inflation remains above the bank’s target despite recent improvements. This cautious stance signals the ECB’s commitment to sustaining monetary tightening until economic […]
TRON Foundation becomes the largest investor in Donald Trump’s World Liberty Financial
The TRON Foundation has emerged as the largest investor in Donald Trump’s World Liberty Financial, marking a significant development in the cryptocurrency sector’s push into mainstream financial ventures. The blockchain-focused foundation’s involvement signals a strategic alignment with a high-profile financial initiative tied to the former U.S. president. This investment reinforces TRON’s ambition to bridge blockchain […]
Fed’s Goolsbee argues for rate cuts barring signs of overheating
Federal Reserve Bank of Chicago President Austan Goolsbee suggested that interest rate reductions could be justified if the U.S. economy continues to cool without signs of overheating. Speaking on Monday, Goolsbee highlighted the importance of carefully monitoring economic data to ensure monetary policy adjustments align with a slowing inflation trend and stable growth. While inflation […]