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About: anakin
Recent Posts by anakin
Developments in the tariff dispute caused intraday weakness for the US Dollar Index, dropping below 106.00.
The US Dollar declined as tariffs were announced, economic data weakened, and markets shifted towards safe-haven assets.
Amid tariffs affecting trade, the Pound continues to rise against a weakening US Dollar.
GBP rises to 1.2708 as USD weakens; UK inflation concerns grow; Fed speeches and Trump monitored closely.
The Nasdaq returned to parity while Treasury yields increased; optimism about a trade war emerged.
Market activity suggests easing trade tensions; Nasdaq down 0.2%; Treasury yields rise; WTI crude trims losses.
Shaun Osborne from Scotiabank observes that GBP’s rise is mainly due to USD’s general weakness.
GBP strengthens as USD weakens, targeting 1.28 with support at 1.2715 and 1.2675/80 amid growing momentum.
Ted Cruz expressed hope that Trump’s tariffs won’t persist for long, benefiting Texas trade with Canada and Mexico.
Ted Cruz hopes tariffs are temporary, emphasizing Texas trade with Mexico and Canada while supporting Trump’s intended outcomes.
