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US Dollar surges as trade war cools and Fed cuts get priced out
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, skyrocketed to a one-month high on Monday after China and the United States announced a 90-day pause in their trade war.
USD/CAD extends gains on trade optimism, policy divergence, and upcoming US data
The US Dollar (USD) is trading higher against the Canadian Dollar (CAD) at the start of the week, supported by renewed risk appetite following a US-China trade agreement, diverging interest rate expectations, and anticipation of major US economic data.
Gold price plunges over $100 as US-China deal fuels USD rally
Gold prices tumbled over 3% on Monday, following improvements in risk appetite after weekend discussions between the US and China, which agreed to a 90-day tariff reduction. At the time of writing, the XAU/USD trades at $3,225, having hit a daily high of $3,326.
Dow Jones Industrial Average surges higher on US-China tariff walkback
The Dow Jones Industrial Average (DJIA) soared on Monday, rising over a thousand points and climbing back above the 42,000 handle for the first time since early April.
EUR/CAD Price Analysis: Euro steadies near 1.5600 as bearish pressure builds
The EUR/CAD pair traded near the 1.5600 zone on Monday, reflecting a minor loss after the European session as selling pressure persisted. The pair remains within the middle of its daily range, suggesting cautious sentiment as traders assess the broader outlook.
BoE's Taylor: Tariff shock was bigger than anyone expected
Bank of England's external Monetary Policy Committee member Alan Taylor noted a prevailing sense of precaution and concern among firms, adding that the tariff shock had been larger than anticipated.
USD/CHF rallies as US-China Trade Truce Lifts Dollar Sentiment
The USD/CHF pair is trading higher, supported by a broad rally in the US Dollar following a significant breakthrough in US-China trade relations.
Brent Crude Oil surges on US-China agreement and easing recession fears
Brent Crude Oil has extended gains at the start of the trading week, buoyed by a temporary easing in geopolitical tensions and improving macroeconomic sentiment.
EUR/USD Price Analysis: Euro drifts near 1.1100 as bearish momentum builds
The EUR/USD pair traded near the 1.1100 zone on Monday, reflecting a sharp drop after the European session as sellers gained control. The pair remains within the middle of its daily range, suggesting that while bearish pressure is dominant, the market lacks a clear breakout signal.
Fed's Kugler: Still expect increase in prices and slowdown in the economy
Federal Reserve Governor Adriana Kugler said that if tariffs prove to be long-lasting, she would focus on how global supply chains are rearranged in response, while she acknowledged that the recent reduction in US-China tariffs was clearly an improvement in bilateral trade relations, though tariff l
GBP/USD crashes on US-China trade truce boosting US Dollar
The Pound Sterling collapsed by over 0.71% or 90 pips on Monday, following developments over the weekend that boosted the US Dollar. News of the US-China de-escalation of the trade war weighed on Sterling, which plummeted from around 1.3298. At the time of writing, the GBP/USD trades at 1.3207.
NZD/USD Price Forecast: Sees more downside below 200-day EMA
The NZD/USD pair tumbles to near 0.5870 during North American trading hours on Monday. The Kiwi pair falls sharply as the demand for the US Dollar (USD) has increased after the comments from Washington signaled that the trade war between the United States (US) and China has been averted.
Fed's Kugler: Progress on disinflation has slowed
Federal Reserve Governor Adriana Kugler said on Monday that Fed officials were finding it difficult to assess the underlying strength of the economy, citing rapid shifts in trade policy and the resulting impact on households and businesses that had rushed to purchase imported goods earlier in the ye
Trade thaw undermines ley Gold drivers - TDS
Developments on trade over the weekend were as close to an about-face as one could have hoped for, TDS' Senior Commodity Strategist Daniel Ghali notes.
President Trump: We achieved total reset with China
President Donald Trump said on Monday that he may speak with Chinese President Xi Jinping later this week, as negotiations between the two economic powers show signs of progress toward a potential trade agreement.
AUD/USD turns upside down to near 0.6400 after US-China trade truce
The AUD/USD pair gives back initial gains and turns negative during North American trading hours on Monday.
EUR tumbles 1.5% on the day - Scotiabank
The Euro (EUR) is weak, down 1.5% vs. the US Dollar (USD) and seeing its largest one day decline since early November, around the time of the US election, Scotiabank's Chief FX Strategist Shaun Osborne notes.
CAD is down 'only' 0.3% vs. USD and a relative outperformer - Scotiabank
The Canadian Dollar (CAD) is weak, down 0.3% vs. the US Dollar (USD) but a relative outperformer against all of the G10 currencies with the CAD's peer currencies showing much greater declines in response to the US/China trade détente, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD surges on US/China détente as markets reprice Fed cuts - Scotiabank
The US Dollar (USD) is up broadly with meaningful gains against all of the G10 currencies as markets respond to the de-escalation in trade tensions between the US and China.
USD/JPY surges on US-China tariff Truce, hits 144+ - Rabobank
News that the US and China have reached an agreement that substantially lowers trade tariffs between them for 90 days has sparked a wave of optimism that has supported risky assets and weighed on safe havens.
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