European Commission President Ursula von der Leyen said she will travel to Scotland this weekend to meet with US President Donald Trump, as both sides aim to reach a trade deal before the August 1 deadline when 30% tariffs on the bloc's exports are due to take effect. After months of negotiations and back-and-forth diplomacy between Brussels and Washington, D.C., the two sides have zeroed in on a deal last week that will see the EU face 15% tariffs on most of its trade. Limited exceptions are expected to apply to aviation, some medical devices and generic drugs, some alcoholic beverages,...
The EUR/USD pair is trimming some of Monday's losses on Tuesday, although it maintains the bearish trend from last week's highs intact. Investors are keeping a cautious mood as US President Donald Trump announced new tariffs on a batch of countries, bringing global trade concerns back to the forefront. The Euro (EUR) bounced up from nearly two-week lows at 1.1690 during Tuesday's Asian session, and is trading at 1.1740 at the time of writing, with upside attempts capped below a previous support area at 1.1750 so far. The Eurozone was not among the recipients of Trump's tariff letters and...
Silver prices held firm around $36.80 per ounce on Tuesday, hovering near 13-year highs as markets assessed the latest US trade policy moves. President Donald Trump announced updated tariff rates on 14 countries that have not reached trade agreements with Washington, including major exporters such as Japan and South Korea, both of which will face 25% levies. Trump also signed an executive order extending the reciprocal tariff deadline to August 1 from July 9, providing additional time for negotiations. He further warned of a potential 10% tariff on countries aligning with what he called...
The Japanese Yen (JPY) sticks to its negative bias through the early European session on Tuesday amid worries that US President Donald Trump's trade tariffs could further complicate the Bank of Japan's (BoJ) path to normalising monetary policy. Adding to this, signs of stability in the global risk sentiment turn out to be another factor that undermines the JPY's safe-haven status and assists the USD/JPY pair to hold steady above the 146.00 round figure. Meanwhile, concerns about the economic impact of Trump's tariffs and geopolitical risks stemming from fresh conflicts in the Middle East...
Gold price (XAU/USD) sticks to modest intraday losses through the early European session on Tuesday, though it lacks follow-through selling amid a combination of diverging forces. Investors now seem convinced that the Federal Reserve (Fed) will keep interest rates steady amid expectations that US President Donald Trump's tariffs would underpin US inflation. This, in turn, is seen as a key factor acting as a headwind for the non-yielding yellow metal. However, worries about the potential economic fallout from Trump's trade tariffs and US fiscal concerns fail to assist the US Dollar (USD) in...
Oil slipped for the third time in four days as investors focused on the fallout from a wave of US trade levies and a decision by OPEC+ to restore more of the group's idled capacity. Brent dipped toward $69 a barrel and West Texas Intermediate was below $68. President Donald Trump threatened new tariff rates on trading partners, while suggesting that he was still open to negotiations. The duties on countries including Japan and South Korea won't take effect until at least Aug. 1. President Donald Trump unveiled the first in a wave of promised letters that threaten to impose...
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...
President Donald Trump locked horns with Federal Reserve Chair Jerome Powell during a rare presidential visit to the U.S. central bank on Thursday, criticizing the cost of renovating two historical...