Forex

U.S. Dollar Steadies Ahead of Inflation Data Amid Tariff Concerns The U.S. dollar held firm against major currencies on Wednesday as investors assessed President-elect Donald Trump’s tariff proposals while awaiting a key U.S. inflation report due later in the day. Trump’s recent pledge to impose significant tariffs on Canada, Mexico,…

New Zealand’s central bank implemented its third rate cut in four months on Wednesday, lowering the cash rate by 50 basis points to 4.25%, aligning with expectations from most economists in a Reuters poll. The Reserve Bank of New Zealand (RBNZ) also hinted at further substantial easing, including a likely…

Gold Prices Edge Higher Amid Safe-Haven Demand, Dollar Strength Limits Gains Gold prices inched higher during Asian trade on Wednesday, building on modest gains from the previous session as safe-haven demand remained supported by the potential for increased U.S. trade tariffs. However, stronger gains were capped by the robust performance…

A key indicator of long-term eurozone inflation expectations dropped below 2% on Tuesday, marking the first time since July 2022. This shift suggests that investors believe slowing economic growth could lead inflation to fall short of the European Central Bank’s target. The five-year, five-year forward inflation swap declined to 1.9994%,…

Bank of America analysts have expressed confidence in tactically fading the U.S. dollar’s recent rally this week, citing various trend reversal signals and shifts in market dynamics. In their FX Quant Insight report, the bank highlights key drivers such as declining U.S. Treasury yields, weakened demand for the dollar, and…

The Russian rouble continued its decline, reaching its lowest levels since March 2022 against both the dollar and the yuan. Finance Minister Anton Siluanov suggested that the government does not oppose the currency’s weakness, which offers advantages to exporters. For the first time since March 2022, the rouble fell to…

Huawei Unveils Mate 70 Series Amid Looming U.S. Chip Restrictions Chinese tech giant Huawei Technologies introduced its Mate 70 smartphone series on Tuesday, signaling a significant step in its premium smartphone resurgence while highlighting its proprietary operating system, marking a decisive shift away from U.S. technology. Richard Yu, chairman of…

On Tuesday, the Japanese government reaffirmed its view that the economy is experiencing moderate recovery, though it expressed concerns about potential risks stemming from U.S. President-elect Donald Trump’s policies. A Cabinet Office official highlighted that changes in the U.S. economy could have both direct and indirect effects on Japan, particularly…

Bitcoin declined on Tuesday, continuing its retreat from recent highs, as market sentiment soured after President-elect Donald Trump announced plans for new trade tariffs targeting China and other countries. The cryptocurrency dropped 3.6% to $94,567.1 by 00:49 ET (05:49 GMT), marking a pullback from last week’s record of over $99,000,…

Japanese Stocks Set for 2025 Gains as Tariff Impact Remains Limited: BofA Japanese stocks are poised for improved returns on equity (ROE) in 2025, according to a recent note by Bank of America (BofA). The brokerage highlighted limited effects from U.S. trade tariffs on China and a rebound in domestic…