The US Dollar Index (DXY) trended sluggishly around 99.06 on Monday (January 19th), as liquidity thinned as US markets were closed for Martin Luther King Jr. Day. Despite limited movement, global sentiment remained "heavy" after US President Donald Trump threatened tariffs related to the Greenland dispute, sending market participants back into risk-off mode. Trump stated that he would impose 10% tariffs starting February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland, and the UK, and threatened to escalate to 25% on June 1 if no agreement is reached on...
The USD/CHF pair weakened for the third consecutive day and traded around 0.7960 in early European trading on Tuesday. The Swiss franc strengthened on increased demand for safe haven assets, following US President Donald Trump's new tariff threats that have shaken global markets. Trump plans to impose 10% tariffs starting February 1st on several European countries and the UK, with the possibility of increasing the tariffs to 25% if a deal fails. This threat, which also relates to the Greenland issue, triggered a sell-off in US assets. Investors fear that prolonged uncertainty will undermine...
Oil prices rose on Tuesday, supported by a combination of supply disruptions from Kazakhstan, improved global economic growth projections, and a weakening US dollar, making dollar-denominated oil cheaper for foreign buyers. Brent rose to around $64.43 per barrel, while WTI strengthened to around $60 per barrel. However, market participants remained cautious as geopolitical developments particularly regarding Greenland have the potential to trigger renewed trade tensions between the US and Europe. On the supply side, Tengizchevroil (TCO) halted production at its Tengiz and Korolevskoye...