News
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Trump delays tariffs for goods under Mexico, Canada trade deal
WASHINGTON, March 6 (Reuters) - U.S. President Donald Trump suspended on Thursday tariffs of 25% he had imposed this week on most goods from Canada and Mexico, the latest twist in a fluctuating trade policy that has whipsawed markets and fanned worries about inflation and growth.
Reuters
Fri, Mar 7
EUR/USD maintains position above 1.0800 near four-month highs
EUR/USD edges higher after registering losses in the previous session, trading around 1.0810 during the Asian hours on Friday. The pair gains ground as the US Dollar loses ground, driven by falling Treasury yields as markets anticipate more aggressive Fed rate cuts this year amid US growth concerns.
Fxstreet
Fri, Mar 7
Litecoin price tumbles below $100 as XRP and ADA take center stage for White House Summit
Litecoin price dipped below the $100 mark on Thursday, losing 22% in the past week as markets reacted to updates to US trade tariffs and speculation surrounding White House Crypto Summit to be held on Friday. With LTC traders mounting additional short leverage positions, LTC faces further downside r
China's coal imports nudge up to record, but risks to outlook rise
BEIJING, March 7 (Reuters) - China's coal imports rose 2.1% year-on-year to a record high for the January-February period, official data showed on Friday, as arbitrage opportunities remained open, but risks grew for imports in the months ahead.Reuters
Fri, Mar 7
Japan's 10-year bond yield retreats from near 16-year high as investors unwind positions
TOKYO, March 7 (Reuters) - Japan's 10-year government bond (JGB) yield retreated from a 16-year high on Friday, while yields on super-long dated bonds tracked soaring German bund yields higher on Berlin's plans for a massive spending package.
Reuters
Fri, Mar 7
USD/CAD moves away from one-week low, retakes 1.4300 ahead of US/Canadian jobs reports
The USD/CAD pair builds on the overnight bounce from the 1.4240-1.4235 region, or a one-and-half-week low, and gains some positive traction during the Asian session on Friday. This marks the first day of a positive move in the previous three and lifts spot prices back above the 1.4300 round figure..
Fxstreet
Fri, Mar 7
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP struggle despite Trump’s Bitcoin Reserve order
Bitcoin (BTC) price extends its decline, trading around $87,000 on Friday after falling more than 7% so far this week. Ethereum (ETH) and Ripple (XRP) prices followed in BTC’s footsteps and declined nearly 15% and 16%, respectively, despite Trump signing an executive order to create the US...
Bitcoin Reclaims $90K But This Indicator Signals Possible Consolidation Phase
Bitcoin has started to recover gradually after experiencing a notable drop in recent weeks. So far, BTC has reclaimed the $90,000 level amid renewed market activity. The cryptocurrency surged nearly 10% yesterday, briefly reaching a high of $92,756 in the early hours of today before experiencing a mNewsBTC
Fri, Mar 7
JGB yields track German peers to fresh 16-year peaks
TOKYO, March 7 (Reuters) - Japanese government bond yields extended their climb to fresh 16-year highs on Friday, tracking soaring German bund yields on Berlin's plans for a massive spending package.The 10-year JGB yield JP10YTN=JBTC rose 1 basis point (bp) to 1.525% and earlier touched 1.53%, t...Reuters
Fri, Mar 7
Fed Bostic tips Fed on hold till this summer
The Atlanta Fed pres says Fed may need to stay patient on policy till summerEconomy seen in 'incredible flux', hard to know where things will landNeed to be mindful of any changes that impact prices and employmentTariffs introduce elevated costs, may translate to higher prices eventuallyAlre...Reuters
Fri, Mar 7
Brazil touts 'positive' call with senior U.S. trade official
BRASILIA, March 6 (Reuters) - Brazilian Vice President Geraldo Alckmin on Thursday held a "positive" video call with U.S. Commerce Secretary Howard Lutnick that focused in part on U.S. tariff policy, the vice president's office said.Reuters
Fri, Mar 7
Japan FinMin mouthing on FX seen just lip-service
Japan FinMin Kato vowed appropriate action excessive FX moves todayImportant for currencies to move in stable manner reflecting fundamentalsRecent FX moves one-sided, rapidThese comments somewhat of a surprise with govt seen happy with JPY gainsRecent JPY gains also relatively "orderly", not...Reuters
Fri, Mar 7
Oil steadies in choppy trading on tariff uncertainty, OPEC+ hike plans
Mexico wins one-month tariff exemption; nothing yet for CanadaUS to exert maximum pressure on Iran via sanctionsPutin says any Ukraine peace deal must ensure Russia's securityBy Arathy Somasekhar HOUSTON, March 6 (Reuters) - Oil settled largely unchanged in choppy trade on Thursday, with ...Reuters
Thu, Mar 6
Mocking him as 'Micron', Russia warns Macron not to threaten it
Moscow opposes European peacekeeping troops in UkraineMacron open to discussing sharing nuclear deterrenceRussia says Macron should not threaten Russia Kremlin agrees "proxy war" should endEx-President Medvedev calls Macron 'Micron'By Guy Faulconbridge and Dmitry Antonov MOSCOW, M...Reuters
Thu, Mar 6
Macy's forecasts 2025 sales, profit below estimates on inflation, tariff uncertainty
By Ananya Mariam Rajesh March 6 (Reuters) - Macy's M.N forecast annual sales and profit below Wall Street expectations on Thursday, reflecting a broader trend among U.S. retailers grappling with reduced consumer spending amid the added pressure of new trade restrictions.Shares of the company ...Reuters
Thu, Mar 6
USD/CAD gains to near 1.4360 despite US Dollar declines
The USD/CAD pair moves higher to near 1.4360 in Thursday’s European session despite the US Dollar (USD) extends its downside, suggesting significant weakness in the Canadian Dollar (CAD). The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, slides to a four-monFxstreet
Thu, Mar 6
After Trump's tariffs, Mexico seeks Asian and European crude oil buyers
MEXICO CITY, March 6 (Reuters) - Mexican state company Pemex is in talks with potential buyers in Asia, including China, and Europe, as it seeks alternative markets for its crude after U.S. President Donald Trump imposed tariffs on imports, a senior Mexican government official said.
Reuters
Thu, Mar 6
Sterling extends drop versus euro after German fiscal boost
LONDON, March 6 (Reuters) - The pound extended a slide against the euro on Thursday, dropping to its weakest level since January as the single currency benefited from an improving growth outlook after Germany announced plans to massively boost fiscal spending.
Reuters
Thu, Mar 6
