The Canadian Dollar roiled on Tuesday, falling roughly six-tenths of one percent against the Greenback at its lowest as markets weigh the latest evolution in US President Donald Trump's self-styled trade war against Canada. The Canadian Dollar is still testing within familiar technical territory against the US Dollar, however, the Loonie is poised for further losses after shedding weight for three straight sessions against the USD, all on rising trade war fears.
Tue, 11 Mar 2025 14:37:30 -0400
PS. Zelenskiy did thank the US team for constructive talks in Saudi Arabia and says that proposal covers front line and not just air and sea exclusively
Tue, 11 Mar 2025 14:33:00 -0400
Sec of State Rubio: The ball is now in Russia's court with regard to a ceasefire There is no deadline but would like to conclude as soon as possible. The first goodwill gesture from Russian's would be for them to say "yes" to an agreement Meanwhile,US National Security Adviser Waltz is saying Ukraine has made concrete proposals; talks covered substantive details on how the war will end.
Tue, 11 Mar 2025 14:21:46 -0400
The US Dollar (DXY) continues its downward spiral on Tuesday, with DXY hovering near 103.40 as trade tensions escalate. United States (US) President Donald Trump's decision to hike tariffs on Canadian steel and aluminum to 50% rattled markets, adding further pressure on the Greenback.
Tue, 11 Mar 2025 14:17:00 -0400
The Mexican Peso holds firm against the US Dollar and fails to gain traction even though the latter refreshes year-to-date (YTD) lows against a basket of six currencies, revealed the US Dollar Index (DXY). The escalation of the trade war between the United States (US) and Canada keeps the market risk-averse with the Peso failing to rally.
Tue, 11 Mar 2025 14:08:50 -0400
United States 3-Year Note Auction: 3.908% vs previous 4.3%
Tue, 11 Mar 2025 13:05:05 -0400
As London/European traders exit, US stock indices are also lower. The Dow industrial average is leading the way with the decliner -1.37%, but the S&P index is also down by nearly 1%.
Tue, 11 Mar 2025 12:50:04 -0400
Apple stock sinks beneath 200-day moving average as Trump raises Canadian tariffs
Tue, 11 Mar 2025 11:58:00 -0400
WTI oil price bounces on Tuesday following repeated downside rejection at key support at $65.26 (Sep 10 low), but recovery is likely to be limited, as larger picture is bearish and fundamentals predominantly negative.
Tue, 11 Mar 2025 11:26:15 -0400
The US President Donald Trump revealed on this Truth Social account that he is imposing an additional 25% tariff, to 50% on aluminum and steel imports from Canada to the US. He added it would go into effect on March 12 morning.
Tue, 11 Mar 2025 11:03:41 -0400
According to Tuesday's Job Openings and Labor Turnover Survey (JOLTS) from the US Bureau of Labor Statistics (BLS), job openings totaled 7.74 million at the end of January. This figure, which came in above analysts' expectations of 7.63 million, follows the 7.508 million positions reported in December (revised from 7.60 million).
Tue, 11 Mar 2025 10:50:23 -0400
Canadian Dollar tumbled broadly after US President Donald Trump announced a significant tariff escalation on Canadian steel and aluminum imports.
Tue, 11 Mar 2025 10:34:32 -0400
BoJ likely to keep rates unchanged in March to support financial stability and avoid premature tightening. Revised Q4 GDP indicates risks to a sustained recovery from weak domestic demand.
Tue, 11 Mar 2025 10:16:54 -0400
With businesses raising prices amid concerns about US tariffs, the February US CPI inflation report will be widely watched as the USD explores territory south of key support!
Tue, 11 Mar 2025 10:15:10 -0400
Pound Sterling (GBP) is firmer on the session, with the EUR's gains still proving the GBP with its essential dynamism, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Tue, 11 Mar 2025 10:14:11 -0400
Spot trading is turning a little choppy on the day as the Euro (EUR) probes the 1.09 area but further EUR gains look likely as investors focus on the massive loosening in Eurozone fiscal policy and the jump in yields that resulted and contrast that with lower yields and growth concerns in the US that is chipping away at the 'US exceptionalism' narrative, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Tue, 11 Mar 2025 10:12:00 -0400
Tariff concerns are keeping the Canadian Dollar (CAD) on the defensive and the US Dollar (USD) trading well above its estimated fair value, according to our measure, at least, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Tue, 11 Mar 2025 10:08:16 -0400
After a brief pause yesterday as stocks slumped, the US Dollar (USD) slide is resuming this morning as US growth concerns continue to weigh on sentiment. US bond yields have edged fractionally lower, in contrast to mostly higher yields in Europe, keeping the shift in spreads running against the USD, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Tue, 11 Mar 2025 10:05:51 -0400
Prior month 7.508M revised from 7.600M This article was written by Greg Michalowski at www.forexlive.com.
Tue, 11 Mar 2025 10:00:45 -0400
United States JOLTS Job Openings above expectations (7.63M) in January: Actual (7.74M)
Tue, 11 Mar 2025 10:00:34 -0400