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.
Sharegain, a securities lending fintech company, has entered a partnership with DriveWealth, a financial technology platform providing Brokerage-as-a-Service.
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).
B2BROKER, a global fintech company offering solutions for financial institutions, announced a partnership with Devexperts, the global software developer for the capital markets industry.
The Dow Jones Industrial Average (DJIA) shed further weight on Tuesday, dropping nearly 700 points on the day, or 1.76% after United States (US) President Donald Trump vowed to heat up his own trade war with Canada.
US President Trump announced a 25% tariff increase on Canadian steel and aluminum, bringing the total to 50%, impacting currency markets and strengthening the euro.
The EUR/USD pair regained bullish traction on Tuesday after the European session, advancing past the 1.0900 zone and continuing its strong upward trend.
The Pound Sterling extended its gains versus the US Dollar on Tuesday as the latter continued to plunge, due controversial trade policies by US President Donald Trump, adding an additional 25% in aluminum and steel imports from Canada, as the latter apply duties on electricity imported to New York, Michigan and Minnesota.
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.
Saxo Bank UK’s long-serving Chairman, Richard Balarkas, is stepping down. His resignation, as announced by the UK Companies House, comes just one day after Swiss banking giant J.
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.
Last week we revised up our EUR/USD forecasts significantly mostly on the back of the will of the German coalition-in-waiting to change the country’s debt brake and unleash a substantial amount of fiscal spending, Rabobank's FX analyst Jane Foley notes.
The USD/JPY pair recovers strongly to near 148.00 in North American trading hours on Tuesday after posting a fresh five-month low of 146.50 earlier in the day.
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.
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.
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