The US dollar rose to its highest level since May, dampening demand for gold and causing the precious metal’s price to fall by the most in more than a week. Spot gold prices stabilized near $3937 per ounce after falling nearly 2% in the previous trading session. The US dollar index rose for the fifth […]
Asian currencies fell to their lowest levels since May as tensions between China and the United States over trade escalated again, prompting caution among traders. The Bloomberg Asia Dollar Spot Index fell as much as 0.2% to 91.51 on Monday, the lowest level since May 9. The export-sensitive New Taiwan dollar and South Korean won […]
After the United States and Japan reached a trade agreement, the record-breaking rally in global stock markets gained new momentum. The deal, struck with a key trading partner, alleviated concerns over a tariff war. Asian stocks rose by the most in a month, helping the MSCI All-Country World Index expand its gain for the year […]
Due to speculation about the future of Federal Reserve Chair Jerome Powell, the US stock market experienced a volatile trading day. The US dollar recovered some of the ground lost on Wednesday, while Asian stock markets struggled to find their direction. The US dollar rose against all G10 currencies, continuing its upward trend this month. […]
For decades, Asia’s export powerhouses have followed a simple financial strategy: sell goods to the United States and then invest the proceeds in US assets. As Donald Trump attempts to reshape global trade and the US economy, upending the logic behind the $7.5 trillion in investment in Asia, this model is now facing its biggest […]
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 […]
Due to market concerns over the uncertain implementation effect of Trump’s subsequent tariff policies, while the US dollar has been rising, gold has also continued to set new historical highs. On Tuesday (February 11th), in the Asian market, the US dollar remained around 108.40, while the gold price refreshed a new historical high above 2940. […]
The US dollar rebounded from around 107.60 to the 108.40 level after the non-farm payroll report last Friday (February 7th), as the one-year inflation expectation in the US unexpectedly rose to 4.3% and the progress of Trump’s tariffs. The number of non-farm payrolls in the US dropped significantly in January, but the unemployment rate also […]