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EUR/GBP extends losing streak on sluggish US-EU trade talks
The EUR/GBP pair extends its losing streak for the sixth trading day on Monday. The pair slides to near 0.8415 during European trading hours as the Euro (EUR) weakens after the announcement of a 90-day tariff pause by the United States (US) and China earlier in the day.
Fxstreet
Mon, May 12
Tariff uncertainty clouds outlook for US television's annual ad-selling bonanza
Networks to make star-studded pitches to brands this weekMedia firms may face pressure to offer pricing concessions Research firm says television ad spending could drop by $4 billionBy Lisa Richwine and Dawn Chmielewski LOS ANGELES, May 12 (Reuters) - The risk of a tariff-induced U.S. recession i...Reuters
Mon, May 12
Gold bleeds after US-China agree to major tariff reductions, easing fears of protracted trade war
Gold (XAU/USD) sinks more than 2.5% at the start of the European trading session and heads towards $3,233 at the time of writing as the talks between the US and China have brought some low-hanging fruit for the equity markets.
Fxstreet
Mon, May 12
Romania adds two euro tenders to May debt issuance plan -finmin data
BUCHAREST, May 12 (Reuters) - Romania has added two euro-denominated debt tenders to its domestic May issuance plan, seeking to sell 500 million euros overall of one-year and Dec. 2026 paper on May 13, the finance ministry said on Monday.Romania has revised down its domestic debt issuance plan for M...Reuters
Mon, May 12
USD/CAD advances to near 1.4000 following a 115% reciprocal reduction in US-China tariffs
USD/CAD continues its upward momentum for the fourth consecutive session, trading around 1.3980 during European hours on Monday. The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is also on the rise, hovering near 101.60 at the time of writing.
Fxstreet
Mon, May 12
Markets cut bets on ECB rate cuts on US-China talks, price in depo rate at 1.75% in December
Bund yields rise amid easing trade tensions and geopolitical developmentsECB board member Schnabel warns against further rate cuts due to inflation risksEconomist Schmieding predicts slow euro zone growth amid ongoing trade uncertaintiesBy Stefano Rebaudo May 12 (Reuters) - Euro area benchmark Bu...Reuters
Mon, May 12
Breaking News: US to lower tariffs on China from 145% to a base 10%, 20% fentanyl levy for 90 days
The highly anticipated joint US-China statement on the first round of high-level US-China trade talks held over the weekend in Geneva, Switzerland, is out, stating that “the US will modify application of rate of duty on articles of China by suspending 24 percentage points of that rate for initial peFxstreet
Mon, May 12
Japan's Ishiba open to more stimulus but rules out sales tax cut
Ishiba says won't hesitate to take more economic support measuresPremier brushes aside lawmakers' calls for consumption tax cutJapan's economy likely to have contracted in Q1, poll showsBankruptcy cases in April up 8.7% yr/yr, private survey showsJapan's service-sector sentiment wors...Reuters
Mon, May 12
Japan's service sentiment worsens in April as US tariffs take toll
TOKYO, May 12 (Reuters) - Japan's service-sector sentiment worsened in April on concern over the impact of higher U.S. tariffs, a government survey showed on Monday, a sign uncertainty over trade talks with Washington was beginning to take a toll on the fragile economy.In the first survey since ...Reuters
Mon, May 12
China hosts Latin American, Caribbean nations amid US trade war talks
China-CELAC Forum challenges U.S. dominance in Latin AmericaChina aims to strengthen trade ties with Brazil, Latin AmericaChina resumes Brazilian soybean imports, explores Chilean lithium investmentsBy Liz Lee and Laurie Chen BEIJING, May 12 (Reuters) - China will host a summit that includes its ...Reuters
Mon, May 12
QUOTES-Stocks, dollar up as investors wait for details on Sino-US trade talks
SINGAPORE, May 12 (Reuters) - The United States and China ended high-stakes trade talks on a positive note on Sunday, with U.S. officials touting a "deal" to reduce the U.S. trade deficit while Chinese officials said the sides had reached "important consensus." Wall Street stock futu...Reuters
Mon, May 12
USD/INR strengthens on rising India-Pakistan tensions
The Indian Rupee (INR) weakens on Monday, pressured by increasing tensions on the border between the nuclear-armed rivals India and Pakistan. The renewed US Dollar (USD) demand following the optimism between US-China trade talks and a jump in crude oil prices could drag the Indian currency lower.Fxstreet
Mon, May 12
USD/CAD steadies near 1.3950 as US Dollar receives support from trade optimism
USD/CAD is attempting to hold its position for the fourth consecutive session, hovering around 1.3940 during Monday’s Asian trading hours. The pair remains supported as the US Dollar (USD) gains strength following reported progress in US-China trade talks over the weekend in Switzerland.Fxstreet
Mon, May 12
Australian Dollar appreciates due to growing optimism after two-day US-China discussion
The Australian Dollar (AUD) is building on its recent momentum, rising against the US Dollar (USD) for a second straight session on Monday. The AUD/USD pair is benefiting from growing optimism around the US-China trade talks held in Geneva.
Fxstreet
Mon, May 12
