Tag: usd

Tariffs? – So what!

China responded to the latest US tariffs with tariffs of their own of between 5-10% on $60 billion worth of American imports. Looking at markets, you’d think nothing had happened!   Dow at eight-month high After an early wobble, the index powered 0.7% higher to close at its highest level since January, helped by gains […]

China Retaliates to US Tariffs With $60B Tariffs on US products

China is to slap tariffs on an additional $60bn (£46bn) of imports from the US in retaliation against $200bn of new trade sanctions on Chinese goods announced by Donald Trump. The latest moves represent a new step towards a full-scale trade war between the world’s two biggest economies. Further escalation is deemed likely because Trump […]

Trump Leaves Door Open to Deal with China

President Donald Trump on Tuesday left the door open for China to negotiate an end to the trade war between Washington and Beijing, a day after imposing new tariffs on nearly $200 billion Chinese imports and threatening more if China retaliates. Speaking to reporters during a visit with Polish President Andrzej Duda, Trump said that […]

Canadian Foreign Ministers to Renew NAFTA Talks on Wednesday

Canadian Foreign Minister Chrystia Freeland will hold fresh talks on renewing NAFTA with U.S. Trade Representative Robert Lighthizer in Washington on Wednesday, a spokesman for Freeland said on Tuesday. Freeland told reporters on Monday she would be meeting Lighthizer this week in another attempt to settle disagreements between the two countries over the trilateral North […]

US Commerce Secretary Wilbur Ross Says Trump Would Like Canada to Join Trade Deal with Mexico

President Donald Trump would still like Canada to join the trade deal that the U.S. crafted with Mexico, Commerce Secretary Wilbur Ross told CNBC on Tuesday. However, the U.S. is moving forward on the bilateral Mexico agreement, Ross said on “Squawk Box.” The United States Trade Representative office “already filed with the Congress the notice […]

Dollar Softens as Trade War Fatigue Sets In OANDA MarketBeat

OANDA Senior Market Analyst Alfonso Esparza reviews the major upcoming market news, macro analysis and economic indicator releases that will impact currencies, stocks other asset classes. Subscription available on iTunes https://goo.gl/TZEWRW and GooglePlay https://goo.gl/cRBk39. Tune in every Tuesday and don’t miss a beat as we cover the hottest trends impacting the markets in the week […]

Live FX analysis – 18 September 2018 (Video)

Senior Market Analyst Craig Erlam discusses the key market themes from the summer – most notably US tariffs and Brexit – and the events to watch out for this week. Craig also gives his live analysis on EURUSD (17:48), GBPUSD (21:36), EURGBP (24:42), AUDUSD (25:44), USDCAD (28:33), GBPCAD (31:02), NZDUSD (32:41), USDJPY (34:16), GBPJPY (35:25) […]

China to penalize $60B of U.S. imports but reduce amount of tariffs it collects

China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for the latest round of U.S. tariffs on Chinese products, as previously planned, but has reduced the level of tariffs that it will collect on the products. The tit-for-tat measures are the latest escalation in an increasingly protracted trade dispute between […]

GBP/USD – British pound edges lower, investors eye UK inflation

GBP/USD has edged lower in the Tuesday session. Currently, the pair is trading at 1.3136, down 0.18% on the day. On the release front, there are no British events. The U.S will release the NAHB Housing Market Index. On Tuesday, the UK releases a host of inflation indicators, led by CPI. The U.S. publishes building permits […]

USD/CAD – Canadian dollar steady despite new US tariffs on China

The Canadian dollar has posted small gains in the Tuesday session. Currently, USD/CAD is trading at 1.3003, down 0.12% on the day. On the release front, Canada releases Manufacturing Sales. There are no major releases in the U.S. On Wednesday, the U.S publishes building permits and housing starts. A welcome respite in the U.S-China trade spat was […]