The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, retreats from its highest level since April 10 to 101.60 during the early European trading hours on Tuesday.
US Treasury Secretary Scott Bessent said on Tuesday that “talks in Geneva with China resulted in a mechanism to avoid escalation.”
Latin America is a key battleground in Trump’s confrontation with China, and the region is coming under pressure from Washington to choose a side.
Citing a White House executive order, Reuters reported on Tuesday that the US will cut “de minimis” tariffs on China shipments from 120% to 54%, with a minimum flat fee of $100 to remain.
Truth Social, the social media network owned by Trump Media, has denied it is launching a memecoin following circulating rumors on social media.“Contrary to rumors, Truth Social is not launching a memecoin,” the official Tr…
The Indian Rupee (INR) softens on Tuesday, pressured by the firmer Greenback. Positive indications from the United States and China trade talks lift the US Dollar (USD) and weigh on the Indian currency.
The GBP/USD pair climbs to near 1.3195 during the early European session on Tuesday. The Pound Sterling (GBP) edges higher against the Greenback due to positive developments surrounding the US and the UK trade agreement last week.
Record number of small listings comes despite lacklustre market for big public offerings
President’s light-touch approach to regulation offers ‘unique moment’ to enter world’s biggest capital market, says chair
Plus, EU and US regulators trade barbs and Santander sits tight in the UK
German companies invest more than three times as much in the United States as American companies do in Germany, but they are starting to rethink that strategy.
The technological success that has captured the attention of many in the United States is one aspect of the Chinese economy. There’s another, gloomy one.
EUR/USD opened with a bullish gap on Tuesday during the Asian session, trading near the 1.1110 level after suffering losses of over 2.5% in the previous session. The pair faced challenges as the US Dollar (USD) strengthened on the back of progress in t…
Trade experts anticipate a spike in trade during talks and a substantial deal, but the risk of inflation and economic slowdown may not be over.
West Texas Intermediate (WTI) Oil price paused its three-day winning streak, trading around $61.40 per barrel during Asian hours on Tuesday. Despite this pullback, Oil prices remain underpinned by optimism following progress in the United States (US)-C…
Inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), declined to 2.3% on a yearly basis in April from 2.4% in March, the US Bureau of Labor Statistics (BLS) reported on Tuesday. This reading came in below th…
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Tuesday that “there are both upside, downside risks from US tariffs on Japan’s prices.”
Japanese Finance Minister Katsunobu Kato said on Tuesday that “if have a chance, hope to have a meeting with US Treasury Secretary Scott Bessent to discuss forex.”
The Australian Dollar (AUD) is recovering its recent losses against the US Dollar (USD) for a second consecutive session on Tuesday.
The Gold price (XAU/USD) edges higher to around $3,255 during the early European session on Tuesday. Traders prefer to wait on the sidelines ahead of the US April Consumer Price Index (CPI) report, which is due later in the day.
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Data compiled by the Canadian government suggested travel from Canada to the US declined even more in April.
US Trade Representative Jamieson Greer said late Monday that China has agreed to remove countermeasures. However, if things don’t work out, China tariffs can go back up.
The NZD/USD pair trades in positive territory around 0.5865 during the Asian session on Tuesday. The New Zealand Dollar (NZD) strengthens against the Greenback after the US and China announced a trade deal, easing fears of a trade war between the world…
The president’s son Eric Trump says he wants to create “the most investable Bitcoin accumulation platform in the market.”
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