After US officials expressed opposition to trade tariffs and said any negotiations on tariff cuts would be prolonged, traders sought safe-haven currencies, causing the Japanese yen and the Swiss franc to strengthen on Monday. Risk aversion persisted for the second week, with the Japanese yen rising 1% against the US dollar to 145.41 and the […]
On Thursday, the Japanese yen was the best-performing major currency as US President Donald Trump’s announcement of tariffs stoked safe-haven demand and Japanese bond prices rose. Tokyo’s stock market fell. The yen rose as much as 1.1% against the dollar to 147.69, its biggest gain since February 20, while sovereign bond prices rose and the […]
Despite US President Donald Trump’s tariff threats to the market, traders are still betting that the euro will strengthen next month. The so-called risk reversal is a closely watched sentiment indicator. On Monday, investors’ bullish sentiment towards the euro reached its highest point since the end of 2020. Despite concerns that the European economy might […]
Wells Fargo’s currency strategists said that the US dollar would be one of the market winners in President Donald Trump’s trade war. Concerns over the consequences of his plan to raise tariffs further have roiled global financial markets – the dollar and stock markets have both fallen so far this year amid fears that it […]
Global stock markets suffered a fourth consecutive day of selling as US President Donald Trump announced a new round of tariffs and concerns over the economic impact of a global trade war intensified. Stock markets tumbled from Sydney to Hong Kong. The Nikkei 225 index dropped to its lowest level in six months, and Taiwan’s […]
Barclays said that the foreign exchange market has not yet fully reflected the impact of the upcoming US tariffs, including on the Chinese yuan and the Mexican peso. For instance, according to the current tariff schedule, the RMB is undervalued against the US dollar by approximately 10%, wrote analysts led by Sheryl Dong in a […]
Some investors are betting that the good days for emerging markets have only just begun, as concerns over the US economy have enhanced the appeal of this long-moribund asset class. The factor driving this shift is that people expect President Trump’s tariff policy to drag down the US economic growth and force traders to look […]
The US dollar is set to post its worst performance in more than a year this month as the economic expansion in the United States is threatened by President Donald Trump’s tariff policies. Due to a miscalculation of tariffs, traders bet on the depreciation of the US dollar, and the Bloomberg Dollar Spot Index has […]
Business activity in the eurozone reached its highest level in seven months as manufacturing rebounded more strongly than expected and spending in Germany rose sharply. The S&P Global Composite Purchasing Managers’ Index rose slightly to 50.4, further above the 50-point expansion and contraction dividing line. Analysts had previously expected the index to be slightly above […]
The Australian dollar is likely to see its first annual gain since 2020 as the country’s central bank maintains high interest rates and the economy benefits from expected stimulus measures in China. According to the forecasts of Westpac and Bank of America, by December, the Australian dollar will rise to 68 US cents against the […]