Forex News

Canadian Dollar loses ground for a third straight day as trade war heats up

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

Ukraine aid to Zelenskiy: Ceasefire proposal will show if Russia wants peace or not

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

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

US Dollar extends losses amid fresh trade tensions

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

Mexican Peso holds firm despite Trump's new tariffs on Canada

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%

United States 3-Year Note Auction: 3.908% vs previous 4.3%

Tue, 11 Mar 2025 13:05:05 -0400

Down day for the European indices with declines over -1.20%

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

Apple stock sinks beneath 200-day moving average as Trump raises Canadian tariffs

Tue, 11 Mar 2025 11:58:00 -0400

WTI Oil – Consolidation/Limited Correction to Precede Fresh Push Lower

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

Trump: Places additional 25% tariffs on Canada

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

US JOLTS Job openings increased to 7.74 million in January

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

Loonie falls as Trump raises tariffs on Canadian metals to 50%, threatens auto industry next

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

Japan: BoJ to press pause on hikes – Standard Chartered

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

Investors Brace for US CPI Inflation Data Amid Increasing Trade Tensions

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

GBP firmer but lags EUR gains – Scotiabank

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

EUR trading turns a little choppy – Scotiabank

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

The CAD is a little firmer on the session – Scotiabank

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

USD slide resumes after brief pause – Scotiabank

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

JOLTs job openings 7.740M vs 7.630M estimate

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)

United States JOLTS Job Openings above expectations (7.63M) in January: Actual (7.74M)

Tue, 11 Mar 2025 10:00:34 -0400

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