At this stage, they’re put in a tough spot. With markets facing extreme turbulence and dislocations, the franc has been one of the key beneficiaries – and still is. It will be a waste to burn their reserves in fighting back until the fundamental landscape changes. But the longer this persists and the more the […]
The brief moment of optimism following the US tariff truce has quickly faded, as financial markets buckle again under renewed pressure. US stocks closed sharply lower overnight, wiping out a large portion of Wednesday’s historic rebound. The risk-off tone spilled into Asia, though unevenly—Japan saw steep losses, Singapore posted moderate declines, while Hong Kong and
The dollar’s status as the reserve currency and usual safe haven have been heavily undermined amid the whole tariffs saga. Even with the basis trade imploding and yields shooting higher while stocks crashed, there has been hardly any love for the dollar at all. That speaks volumes to the sort of shift in hierarchy in
Gold prices rose in Malaysia on Friday, according to data compiled by FXStreet. The price for Gold stood at 458.71 Malaysian Ringgits (MYR) per gram, up compared with the MYR 453.15 it cost on Thursday. The price for Gold increased to MYR 5,350.24 per tola from MYR 5,285.45 per tola a day earlier. Unit measure
USD/JPY recovers some lost ground to near 143.55 in Friday’s early Asian session. An escalating trade war and uncertainty boost the safe-haven demand, supporting the Japanese Yen. The hawkish stance of the BoJ contributes to the JPY’s upside. The USD/JPY pair holds losses near 143.55 during the Asian trading hours on Friday, pressured by the weaker
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Reuters reported early Friday that US President Donald Trump is likely to retaliate on trade if Mexico doesn’t deliver water to the United States. Mexican officials are preparing to increase the amount of water they send to the US due to concerns that Trump may bring an 81-year-old water treaty dispute into trade negotiations. Under
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The Greenback plummeted to fresh lows amid persistent concerns over the US-China trade war and its potential impact on both the global and US economies. Here is what you need to know on Friday, April 11: The US Dollar Index (DXY) tumbled to new multi-month lows in the sub-101.00 region amid shrinking US yields across
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The US dollar is broadly and aggressively weaker today. That’s pushed USD/CAD through the 1.40 level for the first time since late November. More broadly, the Canadian dollar is underperforming significantly as it’s risen by about 0.5% compared to 1.4% for the Australian dollar and 2% for the euro. The market is likely pricing in
Portugal’s consumer price inflation slowed as initially estimated in March to the lowest level in four months, the latest report from Statistics Portugal showed on Thursday. Consumer price inflation softened to 1.9 percent in March from 2.4 percent in February. Core inflation that excludes energy and unprocessed food products also moderated to 1.9 percent
Dollar faced renewed selling pressure in early US session, as markets digested softer-than-expected inflation data. The latest CPI report confirmed that disinflation is regaining traction, with both headline and core inflation easing more than expected in March. This strengthens the case for Fed to resume its rate cut cycle in the coming months. A May
There was a little confusion around the temporary roll-back of US tariffs yesterday. Canada was not included in the round of reciprocal tariffs announced on Liberation Day but Treasury Secretary Scott Bessent said the 10% baseline tariff applied to both Canada and Mexico, Scotiabank’s Chief FX Strategist Shaun Osborne notes. CAD gains modestly on the
