The EUR/USD pair has exhibited notable strength, climbing to near 1.0850 as the US Dollar faces mounting pressure amid growing concerns over the US economic outlook. This surge comes as investors grapple with the potential impact of US President Donald Trump’s “America First” policies, which are increasingly perceived as a …
Read More »US automotive industry granted one month exemption from tariffs
White House Press Secretary Karoline Leavitt announced that President Donald Trump has granted the U.S. automotive industry—a sector heavily reliant on international trade—a one-month exemption from the newly imposed 25% tariffs on imports from Canada and Mexico. The administration is also exploring additional exemptions or delays, signaling a shift in …
Read More »Trump Ignites Trade Firestorm: Reciprocal Tariffs on Canada Escalate Economic Tensions
US President Donald Trump has reignited trade tensions with Canada by imposing sweeping tariffs, marking a significant escalation in his administration’s trade policies. On March 4, 2025, the United States implemented a 25% tariff on all Canadian goods entering the country, with a slightly reduced rate of 10% applied to …
Read More »Trump’s Crypto Reserve Announcement Sparks Surge in Cryptocurrencies
The cryptocurrency market experienced a significant boost early Monday, with Bitcoin and other digital currencies like Ethereum, XRP, Dogecoin, Solana, and Cardano seeing sharp price increases. This surge followed President Donald Trump’s announcement of a U.S. crypto strategic reserve aimed at bolstering the industry. Despite the rise, prices remained below …
Read More »Geopolitical Tensions: The Driving Force Behind Oil Prices
Oil futures saw a decline following U.S. Secretary of State Marco Rubio’s comments on maintaining sanctions against Russia. His phone conversations with European leaders after meetings in Riyadh highlighted that no peace agreement would be forced on Ukraine and that sanctions on Russia wouldn’t be lifted soon. This has led …
Read More »Economic Data Matters: Fed’s Hawkish Stance Poised To Remain In Place Till September 2025
Federal Reserve Chair Jerome Powell stated that President Trump’s calls for lower interest rates won’t change the central bank’s rate decisions. Powell stated that the Fed will continue to make decisions based on the economy’s situation, despite Trump’s social media comments suggesting lower interest rates. The Fed has cut its …
Read More »U.S. Dollar Retreats as Euro Rallies on Ukraine Peace Hopes
The U.S. dollar weakened on Thursday, while the euro gained, as optimism grew over a potential resolution to the Russia-Ukraine conflict following discussions between U.S. President Donald Trump and the leaders of both nations. As of 09:25 GMT, the Dollar Index, which measures the greenback’s performance against a basket of …
Read More »Dollar Pauses Tariff-Driven Rally Ahead of U.S. Inflation Data
The U.S. dollar retreated slightly on Wednesday as traders awaited key U.S. inflation data and updates on global trade developments. However, hawkish comments from Federal Reserve Chair Jerome Powell supported the greenback against the yen by driving up U.S. Treasury yields. Dollar Strengthens Against Yen but Pulls Back Elsewhere In …
Read More »US Dollar and Gold Surge After Trump’s Comments on New Tariffs
The US dollar continued to rise alongside gold, amidst significant market fluctuations triggered by statements made last week by US President Donald Trump. The President hinted at the possibility of imposing new customs tariffs in the coming days.The dollar index, which tracks the performance of the US currency against a …
Read More »Trump: I will announce reciprocal tariffs next week on many countries
In a series of statements on social media on Friday, US President Donald Trump announced that his intentions to impose broad tariffs on the majority of US trading allies are once again being considered as a way to reduce the US government deficit. Under President Trump’s leadership, the US budget …
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