USD/CHF pair trades in positive territory near 0.8995 during the early European session on Friday. The Greenback jumps after US President Donald Trump's latest tariff comments. The US Personal Consumption Expenditures (PCE) Price Index for January will be the highlight on Friday. The US Dollar jumps after Trump said that 25% tariffs on Mexican and Canadian goods will go into effect on March 4 as scheduled because drugs are still pouring into the United States from those countries. Trump added that goods from China will be subject to an extra 10% duty. The path of interest rate cuts by the...
Crude oil prices fell on Friday as they headed for their first monthly decline since November, driven by uncertainty over global economic growth and fuel demand amid Washington's tariff threats and signs of a slowing U.S. economy. The more active May Brent crude was down 59 cents, or 0.8%, at $72.98 a barrel by 0747 GMT. U.S. West Texas Intermediate crude was at $69.70 a barrel, down 65 cents, or 0.9%. Front-month Brent, which expires on Friday, was trading at $73.42, down 62 cents, or 0.8%. Both benchmarks were on track for their first monthly decline in three months. Factors including...
Rapid drop in Pound Sterling (GBP) could extend vs US Dollar (USD); oversold conditions suggest any decline is part of a lower 1.2570/12640 range. In the longer run, two-week GBP strength has ended; for the time being, it is likely to trade between 1.2520 and 1.2670, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. Source: FXStreet