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The US Dollar weakness has been short-lived, and the USD Index is retracing on Thursday most of Wednesday’s losses, returning above the 99.00 level, as fresh trade frictions between the US and China have dampened risk appetite ahead of the release of the US Consumer Prices Index, due on Friday.
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BoE’s Dhingra: US tariffs to put downward pressure on UK inflation – Reuters
Bank of England (BoE) Monetary Policy Committee (MPC) member Swati Dhingra said in a speech at a research conference hosted by Ireland’s central bank on Thursday that the United States (US) tariff policy is a major drag on global growth and prices. -
BoE’s Dhingra: US tariffs to put downward pressure on UK inflation – Reuters
Bank of England (BoE) Monetary Policy Committee (MPC) member Swati Dhingra said in a speech at a research conference hosted by Ireland’s central bank on Thursday that the United States (US) tariff policy is a major drag on global growth and prices. -
Alibaba prices AI glasses at $660 to rival Meta and launches ChatGPT challenger
The Quark AI glasses and chatbot product highlight an increasing area of focus for Alibaba — AI that is aimed at consumers. -
NZD/USD: Likely to trade in a range of 0.5725/0.5755 – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range of 0.5725/0.5755. In the longer run, outlook for NZD remains neutral, but a narrower range of 0.5700/0.5770 is likely enough to contain the price movements for now, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. -
USD/CAD trades steadily near 1.40 – BBH
USD/CAD holds flat near 1.40 as traders eye potential catalysts from a US-Canada trade deal and next month’s pro-growth Canadian budget, BBH FX analysts report. -
BoE’s Dhingra: Expect US tariffs to put downward pressure on growth and prices
- Full speach here
Dhingra is an uber dove. She’s been advocating for rate cuts, even aggressive ones, for years. Large tariffs might indeed be negative for growth and prices. But if you run expansionary policies into those increases, especially when you’ve been above target for years, then from a risk management perspective you can’t really cut rates on a forward looking basis.
You risk making those increases permanent. In my opinion, being less forward looking and waiting for more clarity makes much more sense.
This article was written by Giuseppe Dellamotta at investinglive.com.
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Gold gains on safe-haven demand amid US shutdown and trade tensions
Gold (XAU/USD) edges higher on Thursday, trading around $4,115, up nearly 0.40% for the day. Demand for safe-haven assets remains firm amid the prolonged budget deadlock in Washington and persistent geopolitical uncertainty. -
Tesla ‘not about to replace Nvidia’ as EV maker develops chips for cars, robots, Musk says
On Tesla’s earnings call, Elon Musk said that if the company has too many of its AI5 chips, it can use them in the data center. -
Oil jumps 3% after Trump administration sanctions big Russian oil companies
The new sanctions are related to plans for a meeting between President Donald Trump and Russian leader Vladimir Putin being dropped.
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