Gold prices rose to a record high as investors sold off US stocks, bonds and the dollar amid fears that President Donald Trump might fire Federal Reserve Chair Jerome Powell. Gold prices soared by 2.9% on Monday, breaking through the $3,444 per ounce mark. Trump’s call for the Federal Reserve to cut interest rates immediately […]
After US President Donald Trump’s criticism of the Federal Reserve raised concerns about its independence, the US dollar index dropped to its lowest level since January 2024, and US stock index futures also retreated. The dollar weakened against all major currencies on Friday after US National Economic Council Director Kevin Hassett said that President Donald […]
Data from Bank of New York shows that the US dollar has dropped to a six-month low, which seems to be a buying opportunity for long-term investors. This US-based company is one of the world’s largest custodian banks. Its tracking of capital flows shows that last week, institutional investors’ net inflow of US dollars reached […]
The traditional relationship between the US dollar and US Treasury yields is at its weakest in three years as investors reconsider the safety of US assets during times of stress. The reason for the rapid decline of the US dollar is that the trade war initiated by the Trump administration may lead to an economic […]
The euro’s fastest rally in 15 years is gathering momentum, with traders betting it will rise to $1.20 and strategists scrambling to update their forecasts. The economic uncertainty caused by the US tariff policy has raised doubts about the traditional safe-haven status of the US dollar, and the European common currency, the euro, reached its […]
The dollar fell for a fifth consecutive trading day as traders shrugged off the exemption of popular consumer electronics from tariffs and President Trump played down the exemption for the technology sector. The Bloomberg Dollar Spot Index fell as much as 0.4% on Monday, extending last week’s 2.4% decline. The drop last week was triggered […]
The US dollar continued to fall after posting its biggest drop in three years, and the cost of hedging against further declines rose to its highest level since the start of the pandemic in early 2020 when cities were shut down. The general weakness of the US dollar continued into Friday’s Asian trading session, after […]
The turmoil in the US Treasury market has sent bond markets from Australia to Japan into sharp fluctuations, forcing traders to start worrying that the volatility brought about by the trade war has only just begun. On Thursday, Australia’s three-year bond yield soared, posting its biggest gain since September 2022, reflecting a reversal in US […]
During the Asian trading session on Wednesday, the US dollar index fell further as the governor of the Bank of Japan made relatively tough remarks. Bank of Japan Governor Kikuo Iwata said that he would adopt a wait-and-see attitude when formulating policies, waiting for further clarification on the US tariff issue, and at the same […]
The phone call between Japanese Prime Minister Shigeru Ishiba and US President Donald Trump has raised hopes of reaching a tariff agreement, and the Japanese stock market rebounded as a result. In early trading in Tokyo, the Topix index rose as much as 7.2% to 2,452.78, while the Nikkei 225 stock average climbed as much […]