This follows other news that seem to suggest that negotiations got sped up and a deal or something that looks like it could be within close reach. Trump is likely to get away with the 10% tariff though but will likely make other concessions to secure the deal.
Wed, 09 Jul 2025 03:57:59 -0400
Both sides look to be working towards a temporary "framework" agreement as outlined here. However, there might be a sticking point on agrifood so we'll have to see.
Wed, 09 Jul 2025 03:22:59 -0400
EU need to readjust its attitude, not China Hopes EU can uphold more positive, practical policy towards China Hopes for positive bilateral economic and trade relations EU's public procurement market is far from being fair and open as they claim it to be In case you're wondering what this is related to: China restricts government purchases of medical devices from the EU - retaliation This article was written by Justin Low at www.forexlive.com.
Wed, 09 Jul 2025 03:20:20 -0400
As had seemed likely given the RBNZ's commentary at the May Monetary Policy Statement (MPS), and as close to fully priced by markets, the RBNZ today announced that it had decided to leave the OCR at 3.25%. The decision was reached by consensus with no vote taken.
Wed, 09 Jul 2025 02:48:03 -0400
The Indian rupee weakened slightly on Wednesday, along with its regional peers, as the dollar firmed on the back of fresh tariff threats from the United States, including a 50% levy on copper imports and 10% charge on BRICS nations.
Wed, 09 Jul 2025 02:39:31 -0400
Crude oil slips as API reports a 7.1M barrel build. Rising inventories and global tensions weigh on WTI and Brent price momentum.
Wed, 09 Jul 2025 02:19:37 -0400
Dollar is leading the major currencies this week as investors digest an escalating trade war campaign from Washington. While steep tariffs typically raise concerns about disruption to global supply chains and demand, the Trump administration is clearly framing tariffs as a tool not only for reshoring production but also for offsetting revenue losses from recent tax cuts.
Wed, 09 Jul 2025 02:17:28 -0400
It's all about digesting tariff headlines and for once, the dollar seems to be holding up well. The concern now is that Trump might just really follow through on his latest tariff threats.
Wed, 09 Jul 2025 00:58:31 -0400
As expected, the Reserve Bank of New Zealand (RBNZ) kept interest rates unchanged at 3.25% in their July meeting. Here's how NZD pairs reacted.
Wed, 09 Jul 2025 00:45:00 -0400
DAX extends gains as US-EU trade optimism offsets weak German exports; auto and bank stocks rally while copper tariffs cloud the outlook.
Wed, 09 Jul 2025 00:38:11 -0400
This "deal" of sorts is something similar to the one with the UK, in which the 10% baseline tariffs will continue to be applied. However, unlike the UK, Trump is said to be wanting 17% tariffs on EU agrifood products as well.
Wed, 09 Jul 2025 00:31:44 -0400
The Australian Dollar (AUD) depreciated against the US Dollar (USD) on Wednesday after registering more than 0.50% gains in the previous session. In a survey poll by Reuters, all 30 economists forecast the Reserve Bank of Australia to cut the cash rate by 25 basis points to 3.60% in August.
Wed, 09 Jul 2025 00:04:28 -0400
The Japanese Yen (JPY) selling bias remains unabated for the third successive day on Wednesday, which, along with a broadly stronger US Dollar (USD), lifts the USD/JPY pair beyond the 147.00 mark or a fresh two-week high during the Asian session. Investors now seem convinced that the economic fallout from US President Donald Trump's 25% tariffs starting August 1 on Japanese goods would force the Bank of Japan (BoJ) to forgo raising interest rates this year.
Wed, 09 Jul 2025 00:02:41 -0400
The USD gained ground during the session, with USD/JPY notably climbing above 147.00. Trump again took to social media to discuss tariffs, saying he would release details on new tariffs targeting seven or more countries on Wednesday morning (U.S. time), with additional announcements expected in the afternoon.
Tue, 08 Jul 2025 23:44:39 -0400
Copper price (XCU/USD spot) extends its gains for the second successive session, trading around $5.65 per pound, during the Asian hours on Wednesday. The red metal price has gained more than 12.50% gains since US President Donald Trump, on Tuesday, told reporters at a White House cabinet meeting to impose a 50% tariff on Copper imports but he did not say when the tariff would take effect, per Reuters.
Tue, 08 Jul 2025 23:37:14 -0400
Since April 7, 2025, the DAX Index has been advancing in a clear impulsive cycle, originating from a low that has set the stage for a structured upward movement. The initial advance, wave 1, concluded at 20468.43.
Tue, 08 Jul 2025 23:33:17 -0400
Earlier from Trump on tariffs: Trump says releasing tariff details for 7 or more countries Wednesday morning with more to follow in the afernoon Its been a slow burn sort of session with the UISD tracking dradually higher. Most notable is the yen, with USD/JPY hitting its highest since June 23: This article was written by Eamonn Sheridan at www.forexlive.com.
Tue, 08 Jul 2025 23:20:59 -0400
Trump's copper tariffs and weak China producer prices weigh on the Hang Seng Index, pressuring tech and EV stocks amid US-China trade tensions.
Tue, 08 Jul 2025 23:19:12 -0400
The Indian rupee is poised to open weaker on Wednesday, pressured by a renewed tariff barrage from U.S. President Donald Trump that widened the scope of his trade offensive.
Tue, 08 Jul 2025 23:03:10 -0400
The Reserve Bank of New Zealand (RBNZ) board members decided to maintain the Official Cash Rate (OCR) at 3.25% following the conclusion of the July policy meeting on Wednesday.
Tue, 08 Jul 2025 22:31:14 -0400
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