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Tag: Forex News Round Up

US Weekly Inventories Show Large Buildup

U.S. crude oil and gasoline inventories unexpectedly rose last week even as exports hit record highs, the Energy Information Administration said on Wednesday in an overall bearish report that raised some concerns about oversupply. Crude inventories rose 2.2 million barrels in the week to April 20, compared with expectations for a decrease of 2 million […]

German Economy Minister Warns US About Trade Wars

German Economy Minister Peter Altmaier said on Wednesday it would be negligent to end up in a trade conflict with the United States, which has imposed tariffs on imports of steel and aluminum from some countries. Speaking just days before Chancellor Angela Merkel travels to Washington to hold talks with U.S. President Donald Trump on […]

CAD at 3 Week Low Following US Yield Rise

The Canadian dollar weakened to a three-week low against its U.S. counterpart on Wednesday as oil and stock prices fell, while the greenback added to recent gains against a basket of major currencies. The U.S. dollar .DXY notched a four-month high, boosted by a rise in benchmark U.S. Treasury yields above 3 percent. Investors worry […]

Japan-US Trade Talks to Start in Mid June

Japan and the United States are likely to hold the first round of their new dialogue on trade and investment in mid-June or later, Japan’s minister in charge of the negotiations said Tuesday. Economic and Fiscal Policy Minister Toshimitsu Motegi, citing the ongoing Diet session, told a press conference that the Japanese government has informed […]

US Bond Yield Reach 4 Months High USD Stronger

The dollar hit a four-month high on Wednesday after a rise in benchmark U.S. Treasury yields above 3 percent rattled some currency bears and led investors to consider whether the greenback was breaking out of a prolonged weak spell. The U.S. 10-year treasury yield has risen to its highest in more than four years, driven […]

Stocks Trade Lower on US Higher Rates

Stocks traded lower on Wednesday, April 25, after stronger-than-expected earnings from Boeing Co. (BA) and Twitter Inc. (TWTR) failed to steady some investors’ concerns over the fate of corporate profitability in the face of rising bond yields and commodity prices. The Dow Jones Industrial Average fell 89 points, or 0.37%, to 23,934, the S&P 500 […]

Trump Says US Treasury Secretary to Visit China

President Donald Trump said Tuesday that Treasury Secretary Steven Mnuchin will soon travel to China for talks as the two global economic powers deal with trade tensions. Trump said during a White House news conference with French President Emmanuel Macron that Mnuchin will be going to China “in a few days to negotiate on trade.” […]

Trump Says NAFTA Renegotiation Could Be Completed Quickly

U.S. President Donald Trump said on Tuesday that a new NAFTA trade deal could be completed quickly, as ministers from Canada, Mexico and the United States prepared to meet later in the day to try to work out their differences and hash out an agreement. “NAFTA, as you know, is moving along. They (Mexico) have […]

Trump Says China Deal in the Works

U.S. President Donald Trump on Tuesday said the United States would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations in a few days. China has said it would welcome a visit by U.S. Treasury Secretary Steven Mnuchin, who is seeking to resolve a tense trade […]

Mexico to Seek NAFTA Flexibility in Next Meeting

Mexican Economy Minister Ildefonso Guajardo said on Tuesday that flexibility will be needed to hash out an agreement on a new NAFTA deal, as he prepared to meet with his U.S. and Canadian counterparts later in the day. Guajardo also underscored that Mexico would not accept any U.S. tariffs on aluminum or steel, saying that […]