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January 28, 2025
The dollar strengthens amid renewed tariff discussions, while the euro awaits direction from the ECB.
The US dollar gained on Tuesday, recovering from the previous session’s losses following a tech stock selloff, as concerns about trade wars and their impact on global growth resurfaced. At 04:20 ET (09:20 GMT), the Dollar Index, which measures the greenback against a basket of six other currencies, was up
January 28, 2025
Bitcoin surges to $103K on dip-buying, though caution remains due to AI and Trump-related concerns.
Bitcoin rebounded on Tuesday after dipping below $100,000, supported by bargain buying, but market sentiment remained cautious amid concerns over AI-driven risks and uncertainty around Trump’s policies. The cryptocurrency rose 2.7% to $103,036.4 by 00:56 ET (05:56 GMT) after recovering from Monday’s drop below the key $100,000 level. Meanwhile, traders
January 28, 2025
Gold prices remain steady as the dollar strengthens ahead of the Fed’s rate decision.
Gold prices remained largely steady during Asian trading on Tuesday, following a more than 1% decline the previous day as the U.S. dollar surged ahead of the Federal Reserve’s upcoming interest rate decision. Spot gold (XAU/USD) held steady at $2,740.19 per ounce, while February Gold futures edged up 0.2% to
January 28, 2025
“Spain Revises 2025 GDP Growth Projections Upward”
Spain’s Economy Ministry intends to raise its GDP growth target for 2025, according to Economy Minister Carlos Cuerpo. The revised target will exceed the current estimate of 2.4%, reflecting a notable shift from the growth patterns seen in other major eurozone economies. In a recent interview with radio station SER,
The British government has granted a £285 million contract to BAE Systems to enhance the Royal Navy’s combat systems. The upgrades aim to improve the navy’s ability to detect, assess, and respond to threats during combat situations. This announcement comes shortly after a Russian spy vessel was spotted in the
January 27, 2025
Gold prices decline as the dollar strengthens amid uncertainty over Trump’s tariffs.
Gold prices dropped during Asian trading on Monday, pulling back from last week’s significant gains, as the U.S. dollar strengthened following President Donald Trump’s brief imposition of tariffs on Colombia. Market sentiment remained cautious ahead of the Federal Reserve’s interest rate decision set for later this week. Spot gold fell
January 27, 2025
Dollar edges up as concerns over Trump tariffs resurface.
The dollar strengthened on Monday as traders assessed the implications of U.S. President Donald Trump’s tariff plans, kicking off a week in which the Federal Reserve is widely expected to keep interest rates unchanged. The dollar experienced its weakest performance last week since November 2023, as tariff concerns eased. However,
Bitcoin declined on Monday, mirroring a broader sell-off in equity markets as U.S. President Donald Trump’s tariff threats dampened risk appetite. Meanwhile, technology stocks faced additional pressure from a disruptive new artificial intelligence offering from China. The cryptocurrency also struggled under ongoing uncertainty surrounding Trump’s plans for the crypto industry,
January 27, 2025
“Asian Currencies Decline Amid Tariff Concerns; Weak Chinese Factory Data Adds Pressure”
Most Asian currencies weakened at the beginning of the week as a rebound in the U.S. dollar, driven by uncertainty over President Donald Trump’s tariff policies, weighed on sentiment. Weak Chinese factory data added to market concerns. Trump introduced a 25% tariff on Colombian imports after Colombia’s President Gustavo Petro
Chinese artificial intelligence company DeepSeek has soared to the top of the U.S. Apple Inc. App Store’s free app charts, surpassing OpenAI’s ChatGPT, which had long dominated the generative AI space. Powered by its state-of-the-art R1 model, DeepSeek’s app has gained widespread recognition for generating human-like responses and executing complex