News

The British Pound advanced during the North American session, posting soft gains of 0.14% against the Greenback as inflation slowed to its weakest level in three months.

United States 20-Year Bond Auction climbed from previous 4.632% to 4.81%

 The Dow Jones Industrial Average (DJIA) registers minuscule losses in the mid-North American session as semiconductor-linked companies like Nvidia and AMD got hit by tariffs imposed by United States (US) President Donald Trump.  The DJIA is down 0.46% above 40,100 for the second consecutive day.

The central bank leader said that while he expects higher inflation and lower growth, it’s unclear where the Fed will need to devote greater focus.

If Canada is able to play its cards right, there are enormous and highly economic long-life oil assets that can be exploited. It would require pipelines to the west coast but there is an increasing national acceptance for those kinds of projects due to antagonism from the United States.

This is just a headline from a wire for the moment but it highlights how China is aggressively trying to shore up trading relationships, particularly for commodities.

This article was written by Adam Button at www.forexlive.com.

Trump has repeatedly said the United States is taking in $2 billion per day from tariffs.