The U.S. dollar fell sharply across the board on Friday, as ongoing concerns about Washington’s aggressive tariff strategy eroded confidence in the greenback’s role as a traditional safe haven. The selloff pushed the dollar to its lowest in nearly a decade against the Swiss franc and a three-year low versus …
Read More »Oil Prices Steady but Set for Second Weekly Loss as U.S.-China Trade War Escalates
Oil prices remained largely flat on Friday, yet were poised to log a second consecutive weekly loss as investors weighed the economic toll of a rapidly escalating U.S.-China trade conflict. Persistent fears of weakening global demand, paired with downgraded forecasts from energy authorities, have kept a lid on any price …
Read More »European Stocks Dip as Trade War Fears Linger Despite Trump’s Tariff Pause
European markets slipped on Friday, capping off a turbulent week dominated by U.S. tariff policy swings and growing anxiety over the economic fallout of the escalating U.S.-China trade war. At 07:58 GMT, the pan-European STOXX 600 index edged 0.3% lower, retreating from early gains. The index remains close to a …
Read More »Gold Hits Record High as U.S.-China Trade War Sparks Safe-Haven Rush
Gold prices surged to an all-time high in Asian trading on Friday, extending a powerful rally as investors sought safety amid escalating trade tensions between the United States and China. A weaker dollar, falling demand for U.S.-linked assets, and rising volatility across financial markets continued to fuel the yellow metal’s …
Read More »Oil Prices Fall as U.S.-China Trade War Escalates, China Inflation Disappoints
Oil prices fell sharply on Thursday, giving back much of the previous session’s rebound, as fears of a prolonged U.S.-China trade war resurfaced and weak inflation data from China deepened concerns over global demand. As of 07:55 ET (11:55 GMT): Brent crude futures (June delivery) dropped 2.8% to $63.62 per …
Read More »Forex Market Overview: U.S. Dollar Retreats as Tariff Uncertainty, Recession Fears Weigh on Sentiment
The U.S. dollar fell sharply on Thursday, surrendering gains from the previous session as concerns over a prolonged trade war with China and its potential to tip the U.S. economy into a recession continued to rattle financial markets. As of 05:25 ET (09:25 GMT), the U.S. Dollar Index (DXY)—which tracks …
Read More »European Stocks Soar on Trump Tariff Pause, But China Tensions Keep Outlook Cloudy
European equity markets surged on Thursday, joining a global relief rally after U.S. President Donald Trump announced a 90-day delay on most of his planned reciprocal tariffs. However, sentiment remained cautious as Trump simultaneously hiked duties on Chinese imports to 125%, signaling continued tension between the world’s two largest economies. …
Read More »Gold Prices Surge Toward Record High Amid U.S.-China Trade Tensions, Dollar Weakness
Gold prices extended strong gains in Asian trading on Thursday, approaching their all-time high as investors continued to seek safe-haven assets amid deepening U.S.-China trade tensions, despite President Donald Trump’s temporary pause on reciprocal tariffs for most other countries. As of 02:05 ET (06:05 GMT): Spot Gold rose 1.6% to …
Read More »Bitcoin Jumps 7% as Trump Delays Tariffs, But Trade War Fears Cap Gains
Bitcoin rose sharply on Thursday, rebounding from recent lows after U.S. President Donald Trump postponed the implementation of steep reciprocal tariffs on most major economies. The move briefly lifted market sentiment and triggered a broader rally in risk assets, although lingering concerns over the escalating U.S.-China trade war limited crypto’s …
Read More »China Hits Back with 50% Tariff Hike on U.S. Imports as Trade War Escalates
China announced on Wednesday that it will impose an additional 50% tariff on a wide range of U.S. imports, significantly escalating the ongoing trade conflict with the United States. The move comes in direct response to President Donald Trump’s latest tariff increase, which raised total U.S. duties on Chinese goods …
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