Asia FX, dollar dip on Trump tariff jitters; Aussie slips ahead of RBA rate call
Asia FX, dollar dip on Trump tariff jitters; Aussie slips ahead of RBA rate call
Asia FX, dollar dip on Trump tariff jitters; Aussie slips ahead of RBA rate call
While U.S. President Donald Trump’s tariffs play out in U.S. courts, another one of his laws could weaponize the American tax system. Investment banks and law firms warn this step could prove to be as significant as the impact of duties on investors. The “One Big Beautiful Bill Act,” which passed through the U.S. House … Read more
As the U.S. economy faces heightened uncertainty, stocks took a slight dip on Tuesday after a six-day winning streak, with the S&P 500 dropping by 0.39%. The downturn comes just a day after the top credit ratings agency Moody’s downgraded U.S. debt from its top rung—the last of the leading agencies to do so. Moody’s … Read more
U.S. stocks climbed on Thursday, led by the Nasdaq, as upbeat earnings from Microsoft and Meta reassured investors who were wary of the economic impact of President Trump’s escalating trade war with China. The Nasdaq Composite index closed near session lows but was still up 1.52% on the day, bolstered by a 7.6% gain in … Read more
U.S. stocks fell on Monday as tariffs continued to dictate sentiment, with China’s threat to countries siding with the United States a new layer to the trade war environment. The Dow Jones Industrial Average, S&P 500 and Nasdaq all opened lower on Monday, with investor concerns around tariffs and President Trump’s push to replace Federal … Read more
Bitcoin fell sharply on April 7, dropping nearly 7% to a three-week low of $77,077. The decline occurred days after U.S. President Donald Trump announced massive new import tariffs, which sparked concerns about a new trade war and a slowdown in the world economy. The crypto market initially showed some resilience last week, with traders … Read more
A screen broadcasting a news conference by U.S. Federal Reserve Chair Jerome Powell after a rate announcement, on the floor of the New York Stock Exchange on March 19, 2025. Brendan McDermid | Reuters The U.S. Federal Reserve concluded its meeting exactly as market watchers had expected: by keeping interest rates steady. While a cut … Read more
Key Takeaways Eric Trump expressed bullish sentiments about Bitcoin on social media. Trump predicted that Bitcoin could reach $1 million and be adopted by more governments. Share this article Eric Trump reiterated his bullish stance on Bitcoin in a tweet today, stating, “Feels like a great time to enter #BTC.” He also tagged World Liberty … Read more
“Everybody should be looking at this as a gift.” Read More
How will inflation, strong jobs data, and rising Treasury yields shape the Fed’s upcoming rate decision? The Federal Reserve’s Jan. 29 meeting looms large as markets eagerly await clarity on interest rate policy. With a 97.3% probability that rates will remain steady at 4.25%-4.5%, according to market forecasts, and just a slim 2.7% chance of … Read more