Mexico’s finance chief Rogelio Ramirez de la O will host a conference call with investors on Monday after US President Donald Trump ordered 25% tariffs on exports from the country, sending the peso plunging in the Asian market. Ramirez De la O is scheduled to speak to investors at 9 a.m. Eastern Time on Monday,…
In the first week since Donald Trump returned to the White House, emerging-market currency traders are celebrating the small wins. The absence of tariffs on Chinese imports, for now, was enough to fuel gains in developing-world currencies, leaving a benchmark index on track to climb 1.1% this week, its best performance since November 2023. Trump’s…
Less than a day after exiting bullish dollar option trades, some leveraged funds found themselves back in them on Tuesday after US President Donald Trump updated his tariff stance. Some hedge funds returned to currency options on Tuesday that gain in value if the dollar rises versus peers, especially the Canadian dollar, after Trump said…
Supply Lines is a daily newsletter that tracks global trade. Sign up here. President Donald Trump held off unveiling China-specific tariffs on his first day on office, instead ordering his administration to address unfair trade practices globally and investigate whether Beijing had complied with a deal signed during his first term. Source link
A gauge tracking emerging market currencies rallied, while the dollar fell sharply, after a report that Donald Trump would refrain from imposing new tariffs on his first day back as US President. The MSCI EM currency index jumped to a session high following the Wall Street Journal report, and was set for the best day…
The dollar fell sharply on a reportBloomberg Terminal that US President-elect Donald Trump would refrain from implementing aggressive tariffs immediately after his inauguration later in the day. A Bloomberg gauge of the dollar extended losses to as much as 1.2% as the Wall Street Journal reported Trump will stop short of imposing new tariffs on…
As if the yuan wasn’t already under pressure from the weak Chinese economy, a surging dollar and the prospect of higher US tariffs, the currency faces an additional downdraft: a flood of money looking to invest overseas. China’s capital account, which tracks flows of capital in and out of the country, saw a record outflow…
China’s cash squeeze extended with some signs of disruption to trading, as a liquidity infusion from Beijing failed to counteract a spike in demand for funds. The volume-weighted average rate of seven-day repurchase transactions in the money market, a gauge of borrowing costs, climbed to 2.32%, the highest since October 2023. Late Wednesday there were…
Iron ore futures prices gained for a second straight session on Tuesday, supported by pre-holiday restocking by steelmakers in top consumer China and revived hopes of stimulus. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.29% higher at 783 yuan ($107.28) a metric ton. The benchmark January iron…
You wouldn’t be an economics forecaster for quids. Well, maybe you would, given the money they make, never even blinking about their frequent and sudden about-turns. A couple of months back, when the Australian dollar burst through 0.69 US cents, there was no shortage of highly paid currency traders and economists predicting a quick flirtation…