US President Donald Trump announced a new trade deal with South Korea, stating that the United States (US) would charge a 15% tariff on imports from South Korea, Reuters reported on Wednesday. The agreement includes a $350 billion commitment from South Korea toward US-owned and controlled investments. Key quotes The United States and South Korea have reached a full and complete trade deal. South Korea will provide $350 billion for U.S.-owned and controlled investments, selected by the U.S. President. South Korea will purchase $100 billion in LNG or other energy products from the U.S. An...
The Dollar Index remains under heavy pressure, slipping below 108.00 and testing the critical 107.00 level.New Home Sales in December beat estimates, rising to 698,000 units versus expectations of 670,000.President Trump's tariff threats on Colombia imports and Wednesday's Federal Reserve decision add uncertainty to the Dollar's trajectory.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, continues to slide on Monday, breaking below the psychological 108.00 mark. Concerns over AI-related market valuation, combined with geopolitical...
Oil prices fell on Monday after the U.S. dropped an initial threat of sanctions against Colombia, easing immediate concerns about oil supply disruptions, although a show of force by U.S. President Donald Trump kept markets on edge. Brent crude was down 60 cents, or 0.8%, at $77.90 a barrel by 1300 GMT. U.S. West Texas Intermediate crude was down 57 cents, or 0.8%, at $74.09. Both benchmarks fluctuated between modest gains and losses in early trading. The U.S. quickly dropped plans to impose sanctions and tariffs on Colombia after the South American country agreed to take in migrants...
The pound (GBP) recovered all its intraday losses and rose above 1.2500 against the US dollar (USD) in the North American session on Monday (1/27). The GBP/USD pair bounced back as the US dollar weakened after investors digested concerns over US President Donald Trump imposing 25% tariffs on Colombia overnight. Over the weekend, President Trump threatened to impose tariffs on its South American trading partner for not allowing military flights carrying illegal immigrants into their territory. Trump later delayed the proposed tariffs after Colombia accepted his terms. The US Dollar Index...
The US Dollar Index (DXY), which tracks the performance of the US Dollar against a basket of six major currencies, weakened slightly and traded around 107.30 at the time of writing on Monday (27/1) despite some safe-haven inflows earlier during the Asian session. Markets were spooked after US President Donald Trump threatened to impose 50% tariffs on Colombian imports after the country refused to accept immigrants deported from the US over the weekend. Traders are now reassessing their earlier dovish stance on tariffs as it seems clear that tariffs will be used more as a leverage tool. On...
Gold (XAU/USD) prices fell below $2,770 at the time of writing on Monday (1/27) after a weekend full of headlines and a busy week of central bank interest rate decisions coming up. Over the weekend, markets understood why US President Donald Trump has been loosening up on the use of tariffs as a tool. It appears that tariffs will be used as leverage, for example, for countries that refuse to accept deported US immigrants who are being taken back to their home countries. Colombia felt the impact on Sunday when President Trump ordered emergency tariffs of 25%, and increased to 50% within a...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
US President Donald Trump announced a new trade deal with South Korea, stating that the United States (US) would charge a 15% tariff on imports from South Korea, Reuters reported on Wednesday. The...