Tag: Forex News Round Up

China to Add 25% Tariff on $16B of US Imports

China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world’s largest economies escalated their trade dispute. The tariffs will be activated on Aug. 23, the ministry said, the same day that the […]

Soybeans Rising ahead of October Purchases by China

Trade war conflicts have caused soybeans to suffer this year, but after a 10 percent surge in the last month, one trader expects the rally to continue to grow. Bill Baruch, president of Blue Line Futures, told CNBC’s “Trading Nation” on Tuesday that he has a bullish outlook on soybeans and China. Here is what […]

Germany to Increase Oversight in Foreign Investment Deals

Germany is to increase its powers to block foreign investments by significantly lowering the threshold for deals that can be subject to ministerial veto, in a further sign of growing protectionist sentiment towards Chinese acquisitions. Berlin can veto deals that involve the purchase of at least 25 percent of the equity of a German company […]

Brexit Worries Take Pound Lower

The pound has fallen below $1.29 for the first time in almost a year on continuing worries Britain will leave the EU without a trade deal. Sterling also hit a nine-month low against the euro, and was down against the yen and Swiss franc. Bank of England governor Mark Carney said on Friday the chances […]

Rouble Drops as US Draft Legislation Outlines Sanctions on Russia

The rouble slid towards its lowest level in nearly two years on Wednesday and investors sold off bonds and stocks after the Kommersant daily published what it said was the full text of a draft U.S. law detailing possible penalties against Russia. Republican and Democratic U.S. senators introduced the draft legislation last week, the latest […]

US Has More Open Jobs Than Unemployed Workers

U.S. employers posted slightly more openings in June than the previous month, resulting in more available jobs than unemployed workers for the third straight month. The Labor Department says job openings barely increased, rising just 3,000, to 6.66 million. That’s more than the 6.56 million people than were searching for work in June. It’s also […]

China Introduces 20% Margin on Yuan Futures

China has tightened controls on trading in its yuan to discourage speculators after a decline against the dollar amid a tariff dispute with Washington fueled fears of a damaging outflow of capital from the world’s second-largest economy. Traders must post a 20 percent deposit starting Monday for contracts to buy or sell yuan on a […]

EU Encourages Trade with Iran

The European Union foreign policy chief Federica Mogherini says the EU is encouraging enterprises to increase their business with Iran, as that country has been compliant with their nuclear-related commitments. Mogherini told reporters Tuesday during her trip to Wellington, New Zealand, that it’s up to Europeans to decide who they want to trade with. “We […]

British PM Confident of Reaching Brexit Deal

Downing Street has insisted that Theresa May is confident of securing a Brexit deal with Brussels despite Liam Fox’s assertion that the UK appears set to crash out of the EU without reaching an agreement. Whitehall sources said they believed there was only a very small chance of the government failing to secure a deal, […]

US Warns Trading Partners About Doing Business With Iran

Donald Trump has warned America’s trading partners that anyone who does business with Iran will not be doing business with the US, after his administration reimposed blanket sanctions. The US president described the new sanctions, which hit Iran’s access to dollars, gold and precious metals, as “the most biting ever imposed”. “In November they ratchet […]