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US-Canada Tariff Dispute Intensifies as Trump Announces 35% Tariff; Canadian Dollar Falls
TradingKey - Following the introduction of a comprehensive 50% tariff on Brazilian imports, President Donald Trump has further heightened trade tensions by declaring on his social media platform, Truth Social, that a 35% tariff will be imposed on Canadian imports starting August 1. This move is perc
TradingKey
Fri, Jul 11
ECB should ease monetary policy if disinflationary trends intensify, Panetta says
MILAN, July 11 (Reuters) - The European Central Bank should continue to loosen its monetary policy if threats to economic growth from international trade tensions and geopolitical instability strengthen the current disinflationary trends, a policymaker said on Friday.ECB governing council member Fab...Reuters
Fri, Jul 11
FOREX-Dollar rises after Trump unveils new tariffs; bitcoin at record
Canada hit with 35% tariff, others face blanket 15% to 20%Canadian dollar slides, euro under pressureSterling slips after UK economy shrinks in MayBitcoin scales fresh record highBy Rae Wee and Johann M Cherian SINGAPORE, July 11 (Reuters) - The U.S. dollar rose on Friday, fuelled by upheavals on...Reuters
Fri, Jul 11
In big shift, Shanghai regulator mulls policy responses to stablecoins and cryptocurrencies
China urged by companies, experts to consider yuan-based stablecoinsMainland China has banned cryptocurrency trading since 2021Many companies worldwide looking into releasing stablecoinsBy Summer Zhen HONG KONG, July 11 (Reuters) - A Shanghai regulator said it held a meeting this week for local g...Reuters
Fri, Jul 11
ECB's Schnabel sets bar 'very high' for rate cut as economy holds up
FRANKFURT, July 11 (Reuters) - The hurdle for another interest rate cut by the European Central Bank is "very high" as the euro zone economy is holding up better than expected despite uncertainty over trade, ECB board member Isabel Schnabel said in an interview published on Friday. Having...Reuters
Fri, Jul 11
Silver Price Forecast: XAG/USD breaches the long-term high at $37.30, supported by risk aversion
Silver (XAG/USD) extends gains for the second consecutive day on Friday, supported by a mild risk-averse sentiment, after Trump announced a new batch of levies and hiked baseline tariffs to all other countries to 15% or 20% from the initial 10%.
Fxstreet
Fri, Jul 11
ECB's Schnabel sets bar 'very high' for rate cut as economy holds up
FRANKFURT, July 11 (Reuters) - The hurdle for another interest rate cut by the European Central Bank is "very high" as the euro zone economy is holding up better than expected and inflation is moored at 2%, ECB board member Isabel Schnabel said in an interview published on Friday. "In...Reuters
Fri, Jul 11
EUR/USD depreciates further amid Trump's threat of higher blanket tariffs, strong US data
The EUR/USD pair is trading lower for the third consecutive day on Friday, with risk appetite subdued after the US President Donald Trump announced that the European Union (EU) will be included in the next batch of tariff letters and raised blanket levies for all other countries to 15% or 20% from t
Fxstreet
Fri, Jul 11
NZD/USD keeps the red amid a firmer USD; manages to hold above 0.6000
The NZD/USD pair attracts some sellers following an intraday uptick to the 0.6045 area, back closer to the weekly high, and erodes a part of the previous day's strong gains. Spot prices, however, managed to hold above the 0.6000 psychological mark through the early European session on Friday.
Fxstreet
Fri, Jul 11
EMS Chemie reports lower half-year sales, but confirms annual forecast
By Ozan Ergenay July 11 (Reuters) - Swiss chemical company EMS Chemie EMSN.S reported half-year sales below last year's level on Friday, but confirmed its full-year targets despite weakening of the global economy driven by the trade war.EMS makes lightweight polymer car parts that are especi...Reuters
Fri, Jul 11
FOREX-Dollar rises after Trump unveils new tariffs; bitcoin at record
Canada hit with 35% tariff, others face blanket 15% to 20%Canadian dollar slides, euro under pressureBitcoin scales fresh record highBy Rae Wee SINGAPORE, July 11 (Reuters) - The U.S. dollar rose on Friday, fuelled by upheavals in the global trade landscape, as U.S. President Donald Trump announc...Reuters
Fri, Jul 11
INDIA RUPEE-Rupee troubled by dollar uptick, modest outflows; forward premiums nudge higher
By Jaspreet Kalra MUMBAI, July 11(Reuters) - The Indian rupee weakened on Thursday on the back of dollar bids from foreign banks and a broadly stronger greenback, after U.S. President Donald Trump continued to up the ante on tariffs by announcing a 35% levy on Canadian imports starting August 1.T...Reuters
Fri, Jul 11
UK economy shrinks 0.1% in May, ONS says
July 11 (Reuters) - Britain's economic output shrank by 0.1% in May, official data showed on Friday. Economists polled by Reuters had mostly forecast that gross domestic product would rise by 0.1% from April's level.Britain's economy expanded rapidly in the first quarter of 2025, outstri...Reuters
Fri, Jul 11
