United States (US) President Donald Trump and Russian President Vladimir Putin concluded an initial face-to-face meeting in Alaska late Friday, with both parties delivering mutually inconclusive statements. Trump and Putin both delivered vague promises of "progress" on multiple fronts, but initial details remain light. Now, President Trump will be pivoting to hand-delivering Russia's peace proposals on Ukraine to both the Ukrainian and European Union government bodies. Key Putin highlightsMeeting has been long overdue.Ukraine situation was one of key issues.Ukraine war is a tragedy, great...
Oil prices edged lower in Asian trade on Monday as traders digested mixed signals on U.S. tariffs and the trade conflict with China, although weaker demand forecasts and lower prices continued to weigh. Oil prices were trading near a four-year low hit last week, as concerns over weak demand and trade-related disruptions hit commodity markets. The prospect of increased economic pressure on top oil importer China also weighed on prices, as Beijing engages in a bitter trade war with the United States. Brent crude for June delivery fell 0.3% to $64.56 a barrel, while West Texas Intermediate...
Gold prices fell on Monday from a record high hit earlier in the session as trade tensions eased after U.S. President Donald Trump exempted smartphones and computers from "reciprocal" U.S. tariffs. Spot gold was down 0.1% at $3,232.45 an ounce, as of 0329 GMT. Bullion hit a record high of $3,245.42 earlier in the day. U.S. gold futures edged up 0.1% to $3,248.20. "A weaker U.S. dollar has helped gold prices, but news of the tech tariff exemptions has boosted risk appetite and caused safe-haven demand to decline. This has left gold price directionless," said KCM Trade chief market analyst...
The dollar weakened on Monday as an early rally from a three-year low ended, with markets haunted by a series of tariff-related remarks from U.S. President Donald Trump that last week shook investor confidence in the world's reserve currency. Investors were bracing for a tumultuous week as Trump's tariffs and then sudden delays on U.S. imports continued to stir confusion. The dollar reversed early gains as Asian trading began, falling against the Swiss franc toward a 10-year low hit on Friday. The dollar was last trading 0.05% lower against the Swiss franc at 0.8158. The pound pared...
The Australian dollar (AUD) continued its gains against the US dollar (USD) on Monday (14/4), supported by improving risk sentiment. The AUD/USD pair strengthened after US President Donald Trump announced less stringent tariffs on Chinese imports, including semiconductors and electronics, on Sunday night. Clarifying earlier speculation about exemptions, Trump confirmed these goods would remain subject to the existing 20% tariffs on fentanyl, instead of the previously suggested 145% tariff. Stronger commodity prices provided further support for the Australian dollar. However, persistent...
The Japanese Yen (JPY) attracted fresh buyers at the start of a new week and remained within striking distance of its highest level since late September 2024 hit against the broadly weakening US Dollar (USD) last Friday. Concerns about the rapidly escalating US-China trade war and its impact on the global economy continued to support traditional safe-haven assets, including the JPY. Further, hopes that Japan might reach a trade deal with the US turned out to be another factor offering support to the JPY. Meanwhile, signs of broadening inflation in Japan keep the case for further interest...