News

The Euro (EUR) is soft, down a marginal 0.1% against the US Dollar (USD) but outperforming most of the G10 currencies into Tuesday’s NA session.

The Canadian Dollar (CAD) is softer but holding up somewhat better than many of its G10 peers on the session, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Canadian Dollar (CAD) is softer but holding up somewhat better than many of its G10 peers on the session, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.

EUR/JPY retreats on Tuesday, trading around 175.80, down 0.20% on the day at the time of writing, but slightly off an intraday low at 175.36.

The retail giant is trying to keep up with the new ways that shoppers are discovering products.

Renewed US/China trade tensions Friday following President Trump’s threat of ‘massive tariffs’ in response to China’s ‘hostile’ moves to curb rareearth exports prompted a sharp fall in stocks and ‘Dr Copper’ followed suit amid concerns of more headwinds for global growth, Scotiabank’s Chief FX Strat

• We are meeting-by-meeting and data dependent
• Says she was surprised by resilience of economy
• Economy is more-balanced than what it was
• There has not been tariff retaliation by Europe
• We have both upside and downside risks to inflation
• My hope for US-China trade is certainty
• Chinese exports could be directed to Europe and that will have consequences for growth
• The movement of Chinese goods to Europe has increased but not as much as feared

The euro hasn’t moved on her comments so far and remains up 7 pips on the day to 1.1575. The market only sees a small chance of a further ECB rate cut.

This article was written by Adam Button at investinglive.com.

The market is trying to sort out how much it should worry about a renewed US-China trade war. Initial heavy selling at the US equity open has been met with a wave of buying and now stocks are slightly above opening levels.

The bids came at Friday’s lows and that’s acted as a nice springboard.

In FX, the willingness to sell the US dollar hasn’t let up despite the turn. The euro and pound are at US session highs while the commodity currencies are at the best levels of the day.

This article was written by Adam Button at investinglive.com.

The IMF’s World Economic Outlook had global growth projections revised modestly higher from April. The Fund now expects global growth to ease from 3.3% in 2024 to 3.2% in 2025 and 3.1% in 2026. The update shows mixed regional outlook. The U.S. economy is projected to grow 2.0% in 2025 and 2.1% in 2026. Eurozone […]

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