Created
: 2025.03.05
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
US Commerce Secretary Lutnick: We expect rates to come down if we balance the budget
World FX news
Breaking news
US Commerce Secretary Lutnick: We expect rates to come down if we balance the budget
New
2025.03.05 22:34
2025.03.05 22:34
2025.03.05 22:34
In an interview with Bloomberg TV on Wednesday, US Commerce Secretary Howard Lutnick said that they will make an announcement on Canada and Mexico tariffs later in the day, adding that they will be "in the middle somewhere."
Key takeaways
"If Canada can stop fentanyl, US President Donald Trump is open-minded."
"Trump is thinking about what sectors he can maybe consider giving Canada relief."
"Trump will make the decision. It will be 25% but maybe some categories will be left out."
"Not seeing companies put plans on hold because of tariffs."
"We have to do our work before we announce reciprocal tariff plan on April 2."
"Some tariffs will come on right away, others will come in due course."
"We expect interest rates to come down if we balance the budget."
Market reaction
The US Dollar (USD) stays under selling pressure following these comments. At the time of press, the USD Index was down 0.6% on the day at 104.90.
Last updated
: 2025.03.05
Related articles
GBP/USD hovers around 1.2900, upside seems possible due to risk-on sentiment
18 minutes agoUSD/INR strengthens on India's persistent FII fund outflows
29 minutes agoNZD/USD rises to near 0.5750 as US Dollar softens amid improved risk sentiment
56 minutes agoJapanese Yen trades with mild negative bias against USD; downside seems limited
59 minutes agoAustralian Dollar remains steady following Trade Balance data
2025.03.06 10:42Japan's Top FX Diplomat Mimura says seeing an increase in trade protectionism, such as tariffs
2025.03.06 10:22
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
GBP/USD hovers around 1.2900, upside seems possible due to risk-on sentiment
GBP/USD edges lower after registering gains for the last three consecutive days, trading around 1.2890 during the Asian hours on Thursday.
New
2025.03.06 12:10USD/INR strengthens on India's persistent FII fund outflows
The Indian Rupee (INR) weakens on Thursday, snapping the three-day winning streak.
New
2025.03.06 12:00NZD/USD rises to near 0.5750 as US Dollar softens amid improved risk sentiment
NZD/USD continues its upward momentum for the fourth consecutive session, trading around 0.5730 during Asian hours on Thursday.
New
2025.03.06 11:32Japanese Yen trades with mild negative bias against USD; downside seems limited
The Japanese Yen (JPY) drifted lower during the Asian session on Thursday, though it remains close to a multi-month top touched against its American counterpart earlier this week.
New
2025.03.06 11:30WTI declines below $66.50 on US crude stocks build, US tariffs
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.45 during the early Asian session on Thursday.
New
2025.03.06 10:45Australian Dollar remains steady following Trade Balance data
The Australian Dollar (AUD) holds ground for the fourth consecutive day on Thursday.
New
2025.03.06 10:42Mexico's Pemex will not give discounts on its crude oil to US buyers due to Trump's tariffs
Petróleos Mexicanos (Pemex), Mexico's state-owned oil company, stated on Thursday that it will not give discounts on its crude oil to US buyers because of tariffs.
New
2025.03.06 10:34Japan's Top FX Diplomat Mimura says seeing an increase in trade protectionism, such as tariffs
Atsushi Mimura, Japan's Vice Finance Minister for International Affairs and top foreign exchange diplomat, said on Thursday that the officials are seeing an increase in protectionism, such as tariffs.
New
2025.03.06 10:22PBOC sets USD/CNY reference rate at 7.1692 vs. 7.1714 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1692 as compared to the previous day's fix of 7.1714 and 7.2386 Reuters estimates.
New
2025.03.06 10:15US President Donald Trump working with House Republicans for bill to fund government until September
US President Donald Trump stated on Wednesday he was working with Republicans in the House of Representatives on a continuing resolution to fund the government until September, per Reuters.
New
2025.03.06 09:54Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
