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US Trade Rep. Greer: We're moving as quickly as we can on trade deals

United States Trade Representative (USTR) Jamieson Greer told CNBC on Tuesday that it will take time to end non-tariff barriers with China.
New
update2025.05.13 20:23

AUD/USD jumps above 0.6400 as antipodeans outperform on US-China tariff pause

The AUD/USD pair climbs to near 0.6410 during European trading hours on Tuesday. The Aussie pair strengthens on the outperformance of antipodeans after the United States (US) and China averted the trade war after agreeing to lower import duties following a two-day meeting in Switzerland.
New
update2025.05.13 20:17

Mexican Peso strengthens on improved global risk sentiment ahead of US inflation data

The Mexican Peso (MXN) is trading higher against the US Dollar (USD) on Tuesday as a rebound in global risk sentiment supports emerging market currencies ahead of a key macroeconomic week. At the time of writing, USD/MXN is trading around 19.578, down 0.30% intraday.
New
update2025.05.13 20:07

Chinese Copper imports have reached their limit - Commerzbank

In April, China imported a record-breaking 2.92 million tons of Copper ore and concentrate. Over the last 12 months, a total of 28.8 million tons were imported, which is also a record high.
New
update2025.05.13 19:57

WTI extends winning streak on US-China trade truce

West Texas Intermediate (WTI), futures on NYMEX, extends its winning streak for the fourth trading session on Tuesday. The Oil price climbs to near $62.00 as the 90-day agreement between the United States (US) and China to reduce tariffs substantially by 115% has boosted its demand outlook.
New
update2025.05.13 19:53

US Dollar unable to hold on to momentum ahead of US CPI

The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, corrects to near 101.50 in the European trading session on Tuesday.
New
update2025.05.13 19:43

Strong inflows into Chinese Gold ETFs in April - Commerzbank

The World Gold Council reported Gold ETF data for April last week, Commerzbank's commodity analyst Carsten Fritsch notes.
New
update2025.05.13 19:42

USD/CNH can continue to weaken - UOB Group

US Dollar (USD) could continue to weaken vs Chinese Yuan (CNH); the major support at 7.1700 is likely out of reach for now. In the longer run, renewed downward momentum suggests 7.1700 is back in sight, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.05.13 19:39

Silver, Platinum and Palladium also decline - Commerzbank

Silver, Platinum and Palladium initially rose after the tariff announcement yesterday, but subsequently also came under pressure in the wake of Gold, Commerzbank's commodity analyst Carsten Fritsch notes.
New
update2025.05.13 19:30

USD/JPY: Likely to trade in a 146.50/148.60 range - UOB Group

US Dollar (USD) is likely to trade in a 146.50/148.60 range vs Japanese Yen (JPY). In the longer run, further USD strength is likely, but it could first trade in a range for a few days; the level to monitor is 149.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.05.13 19:25

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