News
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Asian buyers shun US farm goods, hit by ship crunch and trade war
SINGAPORE, April 9 (Reuters) - Asian buyers are reducing purchases of U.S. agricultural goods as Washington's planned fees on China-linked vessels and sweeping import duties on key regional trading partners stoke uncertainty and dampen appetite for American products.Reuters
Wed, Apr 9
Yuan dips to new lows as US tariffs on China kick in
SINGAPORE/HONG KONG, April 9 (Reuters) - China's yuan dipped to a fresh 19-month low against the U.S. dollar on Wednesday after its offshore counterpart fell to a record low overnight, as investors fretted about an intensifying Sino-U.S. trade war.
Reuters
Wed, Apr 9
U.S. Stock Rebound Fizzles as VIX Soars; Navarro Warns Tariff War to Escalate Further!
TradingKey - On the eve of the implementation of the U.S. reciprocal tariffs, hopes for successful trade negotiations briefly lifted investor sentiment, propelling the S&P 500 up 4% in early trading. However, the Trump administration’s firm commitment to its tariff strategy soon underscored the...
TradingKey
Wed, Apr 9
Yuan dips to new lows as US forges ahead with 104% tariffs on China
SINGAPORE/HONG KONG, April 9 (Reuters) - China's yuan dipped further against the U.S. dollar to a fresh 19-month low on Wednesday after the currency slid to a record low in offshore markets overnight, as investors fretted about intensifying Sino-U.S. trade tensions.Reuters
Wed, Apr 9
Trump says he told TSMC it would pay 100% tax if it doesn't build in US
April 8 (Reuters) - President Donald Trump on Tuesday said he told the Taiwan Semiconductor Manufacturing Company, which has pledged to build new factories in the United States, it would pay a tax of up to 100% if it did not build its plants in the country.Speaking at a Republican National Congressi...Reuters
Wed, Apr 9
Japanese Yen strengthens further as recession fears boost safe-haven demand
The Japanese Yen (JPY) buying remains unabated for the second straight day on Wednesday as investors continue to take refuge in the traditional safe-haven currency amid concerns about a tariffs-driven global recession.
Fxstreet
Wed, Apr 9
AUD/NZD sticks to intraday gains around 1.0800 after RBNZ’s expected 25 bps rate cut
The AUD/NZD cross regains positive traction during the Asian session on Wednesday, though it struggles to capitalize on the move and remains confined in the previous day's broader range. Spot prices retreat a few pips after the Reserve Bank of New Zealand (RBNZ) announced its policy decision and...
Fxstreet
Wed, Apr 9
Japan rules out using US Treasury holdings to counter Trump tariffs
TOKYO, April 9 (Reuters) - Japanese Finance Minister Katsunobu Kato on Wednesday ruled out using the country's U.S. Treasury holdings as a bargaining tool against President Donald Trump's decision to slap tariffs against imports from Japan.Reuters
Wed, Apr 9
WRAPUP 12-Stocks slide again as US forges ahead with 104% tariffs on China
S&P nears bear market territoryWhite House says 104% China tariffs will take effect on WednesdayUS will also go ahead with dozens of other country-specific levies Trade talks with South Korea, Japan scheduledAmericans expect higher pricesBy Susan Heavey, Trevor Hunnicutt and Joe Cash WASHINGT...Reuters
Wed, Apr 9
WTI slumps below $57.25 as escalating US-China trade tensions spark demand fears
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $57.25 during the early Asian session on Wednesday. The WTI price extends the decline near a four-year low due to US President Donald Trump’s trade war rhetoric, growing recession fears in the US and weak global demand.
Fxstreet
Wed, Apr 9
US agriculture chief says new deals may be struck over tariffs by end of week
WASHINGTON, April 8 (Reuters) - U.S. Agriculture Secretary Brooke Rollins said on Tuesday that new deals could be struck with other countries over trade tariffs by the end of this week.Rollins made the comments in an interview to Fox News host Bret Baier on the network's "Special Report" show.Reuters
Wed, Apr 9
Yield curve steepest since 2022, supply weighs on long end
April 8 (Reuters) - The U.S. Treasury yield curve reached its steepest level since February 2022 on Tuesday as longer-dated yields jumped on supply concerns, with some holders of the debt also seen as likely being forced to sell due to recent market volatility.Reuters
Wed, Apr 9
Gold struggles below $3,000 amid rising yields and tariff jitters
Gold price snaps three days of losses, consolidates below the $3,000 figure as US Treasury yields rise, making the non-yielding metal less appealing for investors. Even though there are hopes of trade deals between partners, the “trade war” between the US and China makes investors uneasy.
Fxstreet
Wed, Apr 9
South Korea announces emergency measures for auto industry hit by US tariffs
SEOUL, April 9 (Reuters) - South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of U.S. President Donald Trump's tariffs on a sector that has seen years of sharply rising exports to the United States.Reuters
Wed, Apr 9
Oil settles down $1 to trade at four-year lows as US-China trade war escalates
Oil prices settle down more than $1 a barrel Downside risks remain as US, China escalate tariff conflictGoldman Sachs says Brent, WTI could hit $62 and $58, respectively, by December 2025Trump says US and Iran will hold nuclear talks in Oman By Georgina McCartney HOUSTON, April 8 (Reuters) - Oil ...Reuters
Tue, Apr 8
Trump says Japan sending team for talks, Japan urges him to rethink tariffs
Japan's economy faces potential 0.8% growth loss due to US tariffsTreasury's Bessent, USTR Greer to lead US-Japan trade talksJapan urges Trump to reconsider tariff policiesJapan among 50-70 countries seeking trade talks with USChina isolates itself by retaliating against US tariffs, Bessent ...Reuters
Tue, Apr 8
