Trump said he would increase tariffs on Steel and Aluminium to 50% from 25%, effective 4 June. He made the announcement as he visited a US Steel Corp. plant on Friday.
Current GBP/USD price movements still appear to be part of a range trading phase, likely between 1.3400 and 1.3600, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
OPEC+ agreed to another large supply hike over the weekend, increasing it by 411k b/d effective July. The increase is similar to those in May and June.
Increase in momentum is not enough to indicate a sustained advance; Euro (EUR) is likely to trade in a range of 1.1270/1.1435 for now vs US Dollar (USD), UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Online Forex broker Titan FX announced today (Monday) that it has appointed former Japanese national team footballer Keisuke Honda as its Global Brand Ambassador.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is depreciating by more than 0.50% and trading near 98.80 during the European hours on Monday.
Strong Canadian GDP raises expectations of a hawkish BoC on Wednesday.The US Dollar is dropping across the board, hammered by a mix of risk aversion amid Trump’s erratic trade policies, concerns about fresh tariffs, and looming fears of US debt that have revived the “sell America” trade.The US Presi
Wamid, the technology division of Saudi Tadawul Group, has formed a multi-year partnership with BMLL Technologies to deliver the Saudi market's first white-labeled cloud analytics platform ...
The EUR/JPY cross tumbles to around 163.15 during the early European session on Monday. The Japanese Yen (JPY) strengthens against the Euro (EUR) as persistent trade-related uncertainties and geopolitical risks further boost the safe-haven flows.
TP ICAP Group has completed the acquisition of Neptune Networks, a bond market data provider, while establishing a partnership with nine major investment banks that will collectively hold a 30% sta...
USD/CHF continues its losing streak for the third successive session, trading around 0.8210 during the Asian hours on Monday. The pair loses ground as the US Dollar (USD) may face challenges amid growing concerns regarding slow growth and renewed inflation in the United States (US).
Australia's financial market watchdog has uncovered significant compliance failures across the managed investment sector, with responsible entities overseeing nearly $1 trillion in assets failing t...
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