The Japanese yen strengthened toward 142 per dollar on Tuesday, reaching its highest level in four weeks as the US dollar continued to retreat amid growing fiscal concerns. Market sentiment was weighed down by President Donald Trump's sweeping tax and spending bill, which is expected to significantly widen the US fiscal deficit. The yen also benefited from safe-haven demand as investors reacted to increased market volatility driven by Trump's unpredictable trade stance. After threatening to impose a 50% tariff on the European Union, Trump abruptly delayed the measure, adding to investor...
GBP/USD extends its winning streak for the third successive session, trading around 1.3570 during the Asian hours on Tuesday. The pair is hovering near the 39-month high of 1.3593, which was marked on Monday. The pair continues to appreciate as the US Dollar (USD) weakens due to growing fears over the United States' (US) debt concerns. The Greenback faces challenges as the easing trade tension between the United States (US) and the European Union (EU) improves the traders' risk appetite. US President Donald Trump extended the tariff deadline on the European Union (EU) from June 1 to July 9...
Silver price (XAG/USD) loses ground after registering gains in the previous two sessions, trading around $33.40 per troy ounce during the Asian hours on Tuesday. The grey metal attracts sellers due to diminished safe-haven demand amid the easing trade tension between the United States (US) and the European Union (EU) improves the traders' risk appetite. Following Friday's threat by Trump to impose a 50% tariff on imports from the European Union, the US President decided to extend the tariff deadline on the European Union (EU) after having a phone call with European Commission President...