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Mexican Peso weakens amid tariff concerns despite trade deal hopes
The Mexican Peso prolonged its losses for the third straight day against the Greenback as market sentiment improved, spurred by revelations of US Treasury Secretary Scott Bessent that deals could be made with major trading partners. At the time of writing, the USD/MXN trades at 20.72, up 0.25%.
Fxstreet
Apr 8, 2025
White House slaps 104% tariffs on China
The White House announced that 104% tariffs on China went into effect at noon Eastern Time, revealed Karoline Leavitt, Press Secretary, as retaliation for China's applying 34% duties on US exports. She added that tariffs will be collected starting on April 9th.Fxstreet
Apr 8, 2025
Dogecoin price rebounds 10% as Elon Musk’s Tesla loses $160B to US trade war: Is DOGE decoupling?
Dogecoin’s (DOGE) price soared 10% within 24 hours, reclaiming the $0.15 level on Tuesday as the global financials market staged a mild rebound after a week of persistent sell-side pressure.
Fxstreet
Apr 8, 2025
GBP/USD rebounds as Trump, Bessent stoke tariff deal hopes
The Pound Sterling recovers some ground against the Greenback on Tuesday, edges up 0.34% amid renewed hopes that tariffs are indeed used as a negotiation tools, as US President Donald Trump said that “many, many, countries that are coming to negotiate deals with us.” At the time of writing, the GBP/
Fxstreet
Apr 8, 2025
NZD/USD: Likely to trade in a 0.5500/0.5600 range – UOB Group
New Zealand Dollar (NZD) is likely to trade in a 0.5500/0.5600 range vs US Dollar (USD). In the longer run, it is too early to expect the weakness to stabilise, but it remains to be seen if NZD can decline to the next support at 0.5450, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Apr 8, 2025
USD: Wild moves continue – ING
Markets remain on edge as trade tensions, erratic headlines, and shifting currency dynamics drive sharp moves across asset classes. While some signs of optimism emerge, risks to the US dollar and commodity-linked currencies persist, ING's FX analyst Francesco Pesole notes.Fxstreet
Apr 8, 2025
Confidence tumbles and US Dollar falls under pressure – Commerzbank
Business and consumer sentiment in the US is collapsing, and hard data may soon follow. With tariffs acting as an exogenous shock, investors are preparing for recession — not inflation — and abandoning the US Dollar, Commerzbank's FX analyst Antje Praefcke notes.Fxstreet
Apr 8, 2025
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