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 […]
Swiss central bank officials cut interest rates to their lowest level since September 2022 to stem the flow of funds into the Swiss franc and said the possibility of further rate cuts at present is relatively small. On Thursday, officials led by the central bank’s president, Martin Schlegelmilch, cut the benchmark interest rate by a […]
The Federal Reserve kept the interest rate at 4.25-4.5% unchanged at its March meeting overnight. Meanwhile, the dot plot still indicates there are two potential rate cuts in 2025. Powell’s stance in the post-meeting statement was neutral with a hint of firmness, but this still failed to help the US dollar consolidate its rebound momentum. […]
The pound has broken through $1.30 for the first time since November last year as expectations are that UK interest rates will remain above those of major currencies this year. The pound rose 0.1% on Tuesday to $1.3001, also supported by the general weakness of the dollar amid concerns over US economic growth and uncertainties […]
Europe’s historic shift towards increased fiscal spending has prompted asset managers to raise their bullish euro positions to a five-month high, while hedge funds have reduced their bets on the euro’s weakness. Just days after Germany announced it would loosen its fiscal reins and spend hundreds of billions of euros to revamp European defense, fund […]
After the Trump administration continued to impose global taxes on the imports of these two materials, Canada announced the imposition of new 25% tariffs on approximately 30 billion Canadian dollars (20.8 billion US dollars) worth of American products, including steel and aluminum. Canada’s retaliatory measures will also apply to consumer goods such as computers and […]
The Canadian dollar rose in volatile trading as trade war risks first spiked and then eased ahead of the Bank of Canada’s meeting on Wednesday, where policymakers are expected to cut interest rates to shield the economy from the threat of U.S. tariffs. The Canadian dollar rose 0.4% to 1.4380 against the US dollar after […]