The Mexican Peso (MXN) extended its losses against the US Dollar (USD) as US-China tensions escalated after the US imposed further tariffs on Chinese imports, while the latter retaliated reciprocally. Volatility remains high and usually undermines risk appetite, sending the Peso lower.
As global markets reel from heightened trade tensions and fears of a recession, Bitcoin (BTC) faces a turbulent week, dipping below key support levels.
Ripple has agreed to buy Hidden Road, a crypto prime broker, in a deal worth $1.25 billion. It is one of the largest acquisitions in the crypto sector—behind only Kraken’s $1.
Pound Sterling (GBP) is up a modest 0.5% vs. the US Dollar (USD) and retracing a portion of its recent losses, Scotiabank's Chief FX Strategist Shaun Osborne notes on Wednesday.
The Euro (EUR) is up an impressive 0.8% vs. the US Dollar (USD) and outperforming most of the G10 currencies with the exception of AUD and CHF, recovering its recent losses and pushing back toward last week’s highs, Scotiabank's Chief FX Strategist Shaun Osborne notes.
The Minutes revealed that Federal Reserve policymakers almost unanimously agreed that the U.S. economy was at risk of experiencing both higher inflation and slower growth. They noted that “difficult tradeoffs” could lie ahead for the central bank.
Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, warned on Wednesday that last week’s wide-ranging tariffs could unsettle people’s expectations about inflation.
Canada’s 25% counter tariffs on non-USMCA compliant vehicles came into force just after midnight, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Yesterday’s hopes for some moderation in US tariff policy met the reality of 104% tariffs on China and President Trump’s other levies being imposed as of midnight last night, Scotiabank's Chief FX Strategist Shaun Osborne notes.
In an interview with Fox Business Network on Wednesday, US Treasury Secretary Scott Bessent said China's decision to raise tariffs on US imports to 84% is "unfortunate," per Reuters.
Why Ethereum price is going down? Ethereum drops to $1,400 as Trump’s tariffs spark a crypto slump. Is $1,000 the bottom? Explore why ETH is falling in 2025.
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