The Chinese yuan is slumping against many major currencies at the end of the trading week. The yuan, which has plummeted in the wake of the escalation in the US-China trade war, rebounded on bullish economic data midweek but has since retreated on disappointing numbers.
The Mexican peso is weakening against several major currencies toward the end of the trading week. Despite senior officials claiming that they are close to striking a deal that would see the US repeal its tariffs on steel and aluminum from Mexico, the peso was unable to take advantage. This could show that traders are more concerned about its fledgling economy and the political turmoil that has unfolded […]
The Swiss franc is sliding against some of its major currency rivals midweek. For the last week, the franc has been advancing as investors seek out safe-haven assets during the escalation in the US-China trade spat. The franc has ostensibly come back down to earth on recent economic data.
The Japanese yen today rallied against the US dollar driven by the risk-off sentiment, which dominated markets from the early European session. The USD/JPY currency pair extended its losses in the early American session following the release of disappointing US retail sales report.
The US dollar is rebounding on Tuesday as global financial markets recover from the latest development in the US-China trade war. Despite trade war fears dampening the US economy, experts say that America holds the upper hand because of how strong it is performing. Investors are also combing through recent trade pricing data.
The Chinese yuan is cratering against several major currency rivals to start the trading week. After the US government unexpectedly raised tariffs on $200 billion in Chinese goods, Beijing responded by raising tariffs on $60 billion worth of American products.
The US dollar is surging against some currencies and sliding against others at the end of the trading week as tariff hikes on Chinese imports went into effect. With inflation meeting market expectations, investors are focused more on another hiccup in the US-China trade war deliberation, which may linger into the summer and cause market strife.
The Chinese yuan is weakening against a basket of currencies midweek as global markets are still reeling from the incoming US tariff hikes on billions in Chinese imports. Beijing has promised it will retaliate, despite reportedly being closer to a new trade agreement. Investors are also combing through new trade data that surprised market forecasts.
The Japanese yen is roaring against several of its major currency rivals on Tuesday, buoyed by positive manufacturing numbers. But the gains were slightly capped on concerns over the intensifying trade war between the world’s two largest economies and what their fallout might mean for Tokyo.
The US dollar is trading sideways against several major currencies, suggesting that investors are waiting to see the fallout from an announcement that the White House is raising tariffs on $200 billion on Chinese imports by the end of the week. With data light on the calendar in the coming days, traders are focused primarily on geopolitical events surrounding the buck.
