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Pound Sterling tumbles against US Dollar as US and China lower tariffs for 90 days

The Pound Sterling (GBP) slumps to near 1.3170 against the US Dollar (USD) and trades near a one-month low on Monday.
New
update2025.05.12 17:41

USD/CAD advances to near 1.4000 following a notable 115% reciprocal tariff reduction

USD/CAD continues its upward momentum for the fourth consecutive session, trading around 1.3980 during European hours on Monday. The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is also on the rise, hovering near 101.60 at the time of writing.
New
update2025.05.12 17:31

USD/CHF rallies to one-month top, beyond mid-0.8400s as US and China agree to lower tariffs

The USD/CHF pair builds on its modest gap-up opening at the start of a new week and gains strong positive traction during the early part of the European session.
New
update2025.05.12 17:23

BoE's Lombardelli: Caution remains appropriate

Bank of England (BoE) Deputy Governor for Monetary Policy Clare Lombardelli said on Monday, "caution remains appropriate" on policy outlook.
New
update2025.05.12 17:17

US Dollar Index (DXY) surges past 101.00, hits one-month top on US-China trade deal optimism

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, catches aggressive bids at the start of a new week and rallies to over a one-month top, around the 101.35-101.40 region during the early European session.
New
update2025.05.12 17:04

AUD/JPY surges to near 94.50 as joint statement confirms 90-day halt in tariff escalations

AUD/JPY climbed more than 1.50% during European trading hours on Monday, reaching around 94.60, driven by a more optimistic global trade sentiment following positive developments in US-China trade negotiations.
New
update2025.05.12 17:01

NZD/USD falls to near 0.5900 following a 90-day pause in US-China tariff escalation

NZD/USD remains under pressure, trading near 0.5900 during early European hours on Monday, despite an improved global trade mood following positive developments in US-China trade talks.
New
update2025.05.12 16:32

USTR Greer: Both sides very committed to the 90-day pause period

US Trade Representative (USTR) Jamieson Greer is speaking at the scheduled briefing on the first round of high-level US-China trade talks held over the weekend in Geneva, Switzerland.
New
update2025.05.12 16:15

EUR/INR today: Indian Rupee cross rates mixed at the start of the European session

Indian Rupee (INR) crosses trade mixed at the start of Monday, according to FXStreet data.
New
update2025.05.12 16:13

US Treasury Sec. Bessent: Both sides on reciprocal tariffs will move down 115%

US Treasury Secretary Scott Bessent is speaking at the scheduled briefing on the first round of high-level US-China trade talks held over the weekend in Geneva, Switzerland.
New
update2025.05.12 16:12

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