As the Sino-US trade war eases, the US dollar surges and US Treasuries fall, sparking interest in risky assets. The dollar index, which measures the strength of the US currency, rose by 1% as the US and China agreed to temporarily lower some tariffs for 90 days. US Treasuries fell and the yield on two-year […]
After the trade talks between the United States and China ended, financial markets will reopen and it will be decided whether warm words are as effective as actions. President Donald Trump’s advisers announced that the negotiations had made “substantial progress”, but provided few details. After two days of negotiations in Geneva, US Treasury Secretary Scott […]
The dollar continued to rise and the price of gold fell after US President Donald Trump announced a trade framework with the UK, as the safe-haven demand driven by global trade war concerns weakened. Trump said that all the details of the agreement will still be negotiated in the coming weeks. But according to the […]
US President Donald Trump announced late Thursday that he would unveil a “major” trade deal, boosting market optimism that the US has made progress in negotiations. Stock index futures rose and Asian stocks recouped losses. The pound continued to rise. After Trump announced the deal in a Truth Social post, U.S. and European stock futures […]
As Canadian Prime Minister Mark Carney and President Donald Trump met for the first time since Carney’s election as prime minister, the bullish sentiment of about 28 billion Canadian dollars (20 billion US dollars) of derivatives market traders towards the Canadian dollar reached its highest level in 15 years. The one-month risk reversal indicator for […]
Despite a stronger dollar, gold demand remained robust as the world’s largest gold buyer returned from its holiday. Gold prices continued to rise after surging nearly 3% on Monday. Gold prices rose as much as 1.6% to above $3,387 an ounce as China ended a five-day holiday and buyers rushed to snap up the precious […]
When Donald Trump was sworn in as the 47th president of the United States, he declared the arrival of a new “golden age”. About 100 days into his second term, those investors who believed his words and bought gold reaped rich rewards. However, those who took his views seriously and bought large amounts of US […]
The fall of the US dollar on Monday helped support overseas currencies including safe-haven currencies such as the Japanese yen and the Swiss franc, as investors sold off US assets under Donald Trump’s policies – a trend that jpmorgan Chase expects to continue. The Bloomberg Dollar Spot Index dropped 0.5% as the trade deal failed […]
For years, it has been a profitable trade for investors in London, Paris and Tokyo: buy dollars and then invest the proceeds in stocks of the S&P 500 and Nasdaq indices. Not only have the returns on US stocks been far higher than those in domestic markets, but the steady appreciation of the dollar has […]
Deutsche Bank has warned that the US dollar will experience a structural decline in the coming years, which will push the exchange rate of the US dollar against the euro to its lowest level in more than a decade. Strategists George Saravelos and Tim Baker said that the negative impact of US tariffs, along with […]