The US dollar surged to multi-day highs, driven by President Trump’s new tariff announcements and cautious trading ahead of crucial US inflation data (PCE) due Friday.Key Highlights for Friday, February 28:US Dollar (DXY): Climbed past 107.00, supported by tariff news and rising US Treasury yields. Key US data releases include …
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The Canadian Dollar experienced a significant downturn on Thursday, shedding over 0.7% against the US Dollar and marking its fifth consecutive day of losses. This decline propelled the USD/CAD exchange rate to 1.440, a level not seen since early February, signaling growing market unease. The primary catalyst for this volatility …
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Federal Reserve officials are increasingly emphasizing a slowdown in inflation progress, with Philadelphia Fed President Patrick Harker joining the chorus on Thursday. This coordinated messaging comes ahead of the highly anticipated Personal Consumption Expenditures Price Index (PCEPI) release, where expectations lean toward an upside surprise, suggesting renewed inflationary pressures within …
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The Dow Jones Industrial Average (DJIA) experienced a turbulent trading session on Thursday, marked by significant volatility. Initially, the DJIA surged by approximately 400 points, driven by a rebound in heavily weighted stocks. However, this upward momentum was ultimately curtailed by renewed tariff threats from U.S. President Donald Trump, leading …
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The US Dollar is experiencing broad gains after the second release of the US GDP report. Traders were caught off guard by the rising inflation components. The US Dollar Index (DXY) has broken above 107.00 and continues to climb.The US Dollar experienced a significant surge, with the US Dollar Index …
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Bank of Japan (BoJ) Governor Kazuo Ueda noted on Thursday that US policy uncertainty is impacting how central banks are doing their jobs, and highlighted that the BoJ will be watching data closely in the runup to possible widespread tariffs.Key highlightsIt was notable many countries warned of high uncertainty on …
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On Thursday, US President Donald Trump took to social media platform X (formerly known as Twitter) to announce that his planned 25% tariff package targeting Mexico and Canada will now come into effect on March 4, instead of the previously reaffirmed date of April 2. Additionally, President Trump revealed that …
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The US dollar rebounded from a two-month low of around 106.20 on the Dollar Index (DXY), despite lingering concerns about US tariffs and economic health. This recovery occurred amidst mixed US Treasury yields. Key US economic data releases today include weekly jobless claims, durable goods orders, and a revised Q4 …
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Crude oil prices are experiencing mixed movements today, with gasoline dropping to a two-month low. Economic concerns are weighing heavily on crude prices following the larger-than-expected decline in US January new home sales. Additionally, the US February consumer confidence index hit an eight-month low, further dampening sentiment.The strength of the …
Read More »Since the start of the new week’s trading in financial markets, new trade measures and statements by President Donald Trump have taken center stage. Key among these was Trump’s announcement that he is moving forward with previously delayed tariff decisions.Trump’s administration revealed plans to impose more restrictions on the semiconductor …
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