The US dollar (USD) edged higher on Friday (4/25) as investors digested conflicting messages from the United States and China regarding potential tariff negotiations. While President Donald Trump hinted that dialogue was underway, Beijing has flatly denied that any talks are currently taking place. The differences injected volatility into the market, although the greenback maintained its lead, with the US Dollar Index (DXY) up around 0.37% near the 99.65 zone at the time of writing. Despite entering a data-light session ahead of the May 7 Federal Open Market Committee (FOMC) meeting, market...
Brent crude oil futures rose to around $66.9 per barrel on Monday, amid hopes for easing in the U.S.-China trade tensions. While it remains uncertain whether formal trade negotiations between the two countries have begun, President Donald Trump last week softened his rhetoric towards China, and Beijing has exempted some U.S. imports from its 125% tariffs. However, overall gains may be capped as progress in U.S.-Iran nuclear talks has raised concerns about the potential return of Iranian crude to the market. Additionally, the prospect of OPEC+ ramping up production for a second straight month...
The dollar made a steady start on Monday as investors prepared for a week packed with economic data that may give a first glimpse of whether U.S. President Donald Trump's trade war is hitting home. At 143.57 yen and $1.1360 per euro the greenback has, for now, found a footing, while staying on course for its largest monthly fall in nearly 2-1/2 years as Trump has rattled confidence in the dependability of U.S. assets [MKTS/GLOB] It is down more than 4% on both the euro and the yen through April, though bounced at the end of last week on an apparent conciliatory shift in the tone of...