After Tariffs Tuesday, we’ve arrived at Walkback Wednesday, it would seem. Commerce Sec. Lutnick provided some relief for markets last night when he suggested that…
So, the 25% tariff regime might have had a very short shelf life after all and we might be looking at low double digit border…
The EUR advance has extended today as Germany’s fiscal reset promises massive spending increases on defence and infrastructure, Scotiabank’s Chief FX Strategist Shaun Osborne notes. …
Pound Sterling (GBP) is enjoying the ride provided by the generally softer USD and the additional tow from the EUR lifting its European peers, Scotiabank’s…
It’s deadline day for President Trump’s border tariffs on Canada, Mexico and China. Despite comments from Commerce Sec. Lutnick that the president could proceed, reduce…
The Canadian Dollar (CAD) is one of the better-performing currencies on the day so far, reversing the slide that occurred following yesterday’s tariff headlines to…
The EUR is benefitting from the softer overall USD tone and market focus on the likelihood of increased European government (defence) spending to extend its…
Pound Sterling (GBP) is moderately firmer but, in the absence of any major news at home, the pound’s performance reflects broader USD weakness more than…
Solid gains for the US Dollar (USD) yesterday reflected renewed tariff concerns, weaker stocks and underperforming alternative havens, such as gold, Scotiabank’s Chief FX Strategist…
Right, so border tariffs are back on for next Tuesday. But maybe only for a short period? So much tariff-mongering, so little clarity, Scotiabank’s Chief…