USD/INR gains sharply as Trump mulls higher tariff blanket
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Friday, sending the USD/INR higher to near 86.00.
UK GDP Contracts, Pound Dips
The British pound continues to have a quiet week. In the European session, GBP/USD is trading at 1.3530, down 0.30% on the day. UK economy contracts in May The UK wrapped up the week on a down note, as GDP contracted in May by 0.1% m/m. This followed a 0.3% decline in April and missed […]
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US Dollar Strengthens Following Trump’s Tariff Decision
US President Donald Trump has announced his decision to impose new tariffs: → For Canada, tariffs are set at 35%. They are scheduled to take effect on 1 August, although negotiations may take place before this date, potentially influencing Trump’s final stance. → For many other countries, tariffs may be set at 15% or 20%; […]
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USD/CHF Daily Outlook
Daily Pivots: (S1) 0.7930; (P) 0.7959; (R1) 0.7998; More…. Intraday bias in USD/CHF remains neutral for the moment. Corrective pattern from 0.7871 could extend higher. But upside should be limited by 0.8054 support turned resistance to bring another fall. Below 0.7871 will extend the larger down trend to 61.8% projection of 0.9200 to 0.8038 from […]
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Norway’s Tesla obsession defies Europe’s Musk backlash
Tesla continues to find solace in EV-friendly Norway despite a sustained sales slump across the rest of Europe.
Virginia drops in America’s Top States for Business rankings. Federal job cuts are a big reason
Virginia loses No. 1 spot in America’s Top States for Business in 2025 as President Trump’s federal government job cuts hit the state economy.
America’s Top States for Business 2025: The full rankings
CNBC unveils its 19th annual America’s Top States for Business ranking, scoring all 50 states on 128 different metrics in 10 key categories of competitiveness.
Trump’s trade war led Amazon’s low-cost Asian rivals Temu, Shein into retreat, but it may be temporary
As Trump’s latest trade war and tariff policies roll out, low-cost Asian retailers Temu and Shein can find ways to succeed amid targeting, retail experts say.
UK GDP shrinks -0.1% mom in May, but underlying momentum still holds
UK GDP unexpectedly contracted by -0.1% mom in May, missing expectations for 0.1% mom growth. The weakness was driven by a sharp -0.9% mom drop in industrial production and a -0.6% mom fall in construction output, partially offset by a modest 0.1% mom gain in services—the largest sector of the economy. Still, broader momentum remains […]
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WTI Crude Oil at Risk — More Downside Could Be Coming
Key Highlights WTI Crude Oil prices started a fresh decline below the $70.00 zone. A rising channel is forming with support at $66.50 on the 4-hour chart. Gold bulls are struggling to clear the $3,350 resistance. EUR/USD extended losses and corrected below the 1.1720 zone. WTI Crude Oil Price Technical Analysis WTI Crude Oil price […]
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