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AUD/USD loses momentum to near 0.6550 ahead of Chinese Trade Balance data
The AUD/USD pair extends the decline to around 0.6565 during the early Asian session on Monday. The Australian Dollar (AUD) weakens against the Greenback after US President Donald Trump steps up fresh tariff threats.
Fxstreet
Sun, Jul 13
EU extends pause on tariff retaliation day to allow more talks
European Commission President Ursula von der Leyen said on Sunday that the European Union (EU) will extend its suspension of trade countermeasures against new US tariffs until August 1, as it continues its efforts to resolve the trade dispute with the US through dialogue.
Fxstreet
Sun, Jul 13
US President Donald Trump hits EU and Mexico with a 30% tariff, starting on August 1 - Bloomberg
US President Donald Trump said Saturday that the United States will impose a 30% tariff on goods from the European Union (EU) and Mexico that will take effect on August 1, per Bloomberg.Fxstreet
Sun, Jul 13
France's Macron announces plan to accelerate military spending
PARIS, July 13 (Reuters) - President Emmanuel Macron on Sunday announced a plan to push forward France's defence spending, pledging to double the military budget by 2027 - three years earlier than originally planned - in response to a complex geopolitical moment.France had aimed to double its de...Reuters
Sun, Jul 13
Germany finance minister: EU must be ready to counter US tariff hike
By John Revill July 13 (Reuters) - German Finance Minister Lars Klingbeil said on Sunday that the European Union must take firm action against the United States if tariff negotiations fail to ease the escalating global trade conflict.President Donald Trump on Saturday threatened to impose a 30% t...Reuters
Sun, Jul 13
German finance minister says EU must be ready for decisive action over U.S. tariff hike
July 13 (Reuters) - German Finance Minister Lars Klingbeil said the European Union must take "decisive" measures against the United States if tariff negotiations fail amid an escalating trade war."If a fair negotiated solution does not succeed, then we must take decisive countermeasures ...Reuters
Sun, Jul 13
Senior German politician expects more talks in EU tariff dispute with Trump
ZURICH, July 13 (Reuters) - A senior German politician said on Sunday the European Union and Washington could negotiate further and postpone higher import duties after U.S. President Donald Trump ramped up the trade war by threatening a hike in tariffs on the bloc. "The negotiating poke...Reuters
Sun, Jul 13
Trump intensifies trade war with threat of 30% tariffs on EU, Mexico
Trump threatens 30% tariff on Mexico and EU, effective August 1Tariffs would hit two of the largest US trading partnersTrump returns to more aggressive trade posture with latest tariff threatsBy Jarrett Renshaw, Bhargav Acharya, Cassandra Garrison WASHINGTON/MEXICO CITY, July 12 (Reuters) - Presi...Reuters
Sat, Jul 12
EU says it still wants US trade deal, will defend interests
EU position attracts swift backing from European capitalsBloc ready to take 'proportionate countermeasures' if neededMacron says Commission must defend bloc's interests 'resolutely'Trump's biggest grievance is merchandise trade deficit July 12 (Reuters) - The European Uni...Reuters
Sat, Jul 12
EU says it still wants US trade deal, will defend interests
EU position attracts swift backing from European capitalsBloc ready to take 'proportionate countermeasures' if neededMacron says Commission must defend bloc's interests 'resolutely'Trump's biggest grievance is merchandise trade deficit July 12 (Reuters) - The EU is ready ...Reuters
Sat, Jul 12
US judge grants Trump admin request to scrap Biden-era medical debt rule
WASHINGTON, July 11 (Reuters) - A federal judge in Texas on Friday granted a request from the Trump administration and industry groups to scrap regulations adopted during the final days of Joe Biden's presidency that would have removed consumers' medical debts from their credit reports, cour...Reuters
Fri, Jul 11
Rubio says no 'drama or division' in US relations with Japan
July 11 (Reuters) - U.S. Secretary of State Marco Rubio on Friday played down concerns about relations with key U.S. ally Japan, saying there is no "drama or division," despite the Japanese prime minister speaking of the need for Tokyo to wean itself off U.S. dependence.In remarks to reporte...Reuters
Fri, Jul 11
FHFA Director suggests that Fed Chair Powell may be considering resigning
Bill Pulte, the Trump-selected Director of the Federal Housing Finance Agency and former chairman of Fannie May and Freddie Mac, nodded to entirely-uncomfirmed reports that Federal Reserve (Fed) Chair Jerome Powell may be considering resigning from his post as the head of the Fed.Fxstreet
Fri, Jul 11
Fed's Goolsbee warns that new tariff threats could hamper rate cut hopes
In an interview with the Wall Street Journal, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned that ongoing trade policy at the hands of Trump's constant tariff threats could hamper the ability of the Fed to deliver interest rate cuts that both the broader market and Donald TruFxstreet
Fri, Jul 11
