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US President Donald Trump vows that tariffs will create jobs
United States (US) President Donald Trump spoke to reporters on Tuesday, reiterating his insistence that his administration's tariff proposals will increase government revenues, create jobs, and counter-intuitively lower taxes, three key components of all government trade policy that tend to move in opposite directions of each other.
Forex Today: UK inflation figures take centre stage along with the Spring statement
The Greenback's recovery took a breather on Tuesday, allowing some recovery in the risk-associated universe, while tariff concerns remained well in place as well as speculation of an economic slowdown in the US economy.
US Dollar faces choppy trade as policy outlook and tariffs fuel caution
The US Dollar Index (DXY) is experiencing mixed performance on Tuesday, trading around the middle of the 104.00 zone.
Dow Jones Industrial Average churns as momentum withers
The Dow Jones Industrial Average (DJIA) stuck in place on Tuesday, adrift near the 42,500 level after a another sharp decline in CB Consumer Confidence survey results broke a near-term bullish recovery in stock prices.
Mexican Peso slips despite strong Retail Sales, Banxico dovish bets weigh
The Mexican Peso (MXN) dips against the US Dollar (USD) in early trading during Tuesday's North American session, as the emerging market currency fails to advance following a strong Retail Sales report for January, released by the Instituto Nacional de Estadística, Geografía e Informática (INEGI).
Ukraine pivots to accept limited peace deal
President of the Ukraine Volodymyr Zelenskyy announced on Tuesday that Ukraine would be immediately implementing a proposed ceasefire that would see both Ukraine and Russia stop targeting energy infrastructure as Vladimir Putin pushes on with his three-day invasion of Ukraine which has stretched into 1,125 days and still counting.
EUR/USD Price Analysis: Bulls maintain control near mid-range despite mixed momentum
The EUR/USD pair was seen trading around the 1.0800 area during Tuesday's session after the European close, holding modest gains on the day.
GBP/USD climbs as tariff relief boosts market mood, all eyes on UK CPI
The Pound Sterling advances against the US Dollar on Tuesday due to an upbeat market mood, as traders are relieved of US reciprocal tariffs, which are expected to be targeted on some of the US trading partners.
White House: US and Russia agree to ban strikes against energy facilities of Russia and Ukraine
In a statement released on Tuesday, the White House noted that the US and Russia agreed to measures for implementing the agreement to ban strikes against energy facilities of Russia and Ukraine, per Reuters.
IEA: Energy demand rise at an above-average rate in 2024, but oil falls back - Commerzbank
In its Global Energy Review published yesterday, the IEA identified trends for 2024 that are likely to continue this year, Commerzbank's commodity analyst Barbara Lambrecht reports.
Oil prices benefit from tensions in the Middle East and new US sanctions - Commerzbank
Last week, oil prices recorded their strongest weekly gain since the beginning of January.
USD/JPY tumbles below 150.00 as Yen outperforms across the board
The USD/JPY pair falls significantly to near 149.70 during North American trading hours on Tuesday.
Record high price level causes considerable slowdown in Indian Gold demand - Commerzbank
The high Gold price also has its negative aspects, Commerzbank's commodity analyst Carsten Fritsch reports.
Gold price rise buoyed by strong investor interest - Commerzbank
The Gold price rise to a record high of $3,057 per troy ounce last week was strongly buoyed by strong buying interest from investors, Commerzbank's commodity analyst Carsten Fritsch reports.
US CB Consumer Confidence Index dropped to 92.9 in March
U.S. consumer sentiment extended its decline in March, as the Conference Board's Consumer Confidence Index fell from 98.3 to 92.9--its weakest reading since February 2021.
USD/CAD declines below 1.4300 as US Dollar slumps on Trump tariff woes
The USD/CAD pair falls sharply to near 1.4280 in North American trading hours on Tuesday.
Eurozone: PMIs rise on industrial optimism and frontloading - ABN AMRO
The eurozone composite PMI for March moved further into expansionary territory at 50.4 up from 50.2 in February.
GBP tracks broader tone in the USD - Scotiabank
The Pound Sterling (GBP) is trading up a modest 0.2% vs. the USD and is a midperformer vs.
EUR firm on data - Scotiabank
Germany's IFO business sentiment release was in line with expectations on the headline print (86.7 vs.
Fed's Kugler: Goods price rise was "unhelpful"
Federal Reserve Governor Adriana Kugler said on Tuesday that the central bank's interest rate policy remains restrictive and well-positioned.
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