British Pound recovers ground amid soft USD, upbeat PMI, and tariff reprieve The British Pound (GBP) edges higher against the US Dollar (USD) on Wednesday,…
GBP/USD rises modestly on Wednesday, trimming Tuesday’s decline. The UK was granted temporary relief from 50% US steel and aluminium tariffs. The US Dollar holds…
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee fell in step with the Fed policymaker crowd on Tuesday, admitting that while things look good…
Official manufacturing PMI edged up to 49.5 in May on improved new orders and production. Real activity and export growth likely remained resilient on 2Y…
US President Trump’s announcement last Friday that US tariffs on Steel and Aluminum imports would be increased from 25% to 50% — with the higher…
Trump Agrees to Give EU More Time, Boosting Stocks and the Euro, EUR/USD Reaches 1 Month High; GBP/USD Rises to New 4-Year High; Bitcoin Gaining…
EUR/GBP edges lower to 0.8445 in Tuesday’s early European session. EU said it will prioritize negotiations with the US to resolve trade disputes. A gradual…
Here is what you need to know on Tuesday, June 3: Following the risk-averse action that weighed on the US Dollar (USD) at the beginning…
USD/CAD trades in negative territory around 1.3715 in Tuesday’s early Asian session. US May ISM Manufacturing PMI eased to 48.5 in May, weaker than expected. …
The Mexican Peso firms as renewed tariff threats by US President Donald Trump dent the appeal for the US Dollar. The United States increases tariffs…