Currencies

Donald Trump’s Reciprocal Tariff Fear Looms, U.S. Indices Respond With ApprehensionUS President Donald Trump ‘Liberation Day’ announcements have spooked the Asian markets, with Tokyo's Nikkei index and Australian shares opening in the red. The Indian stock market is also expected to give negative reaction, as reflected in Gift Nifty's 1.5 per cent drop. The sweeping Trump tariffs affect all major US trading partners - US President imposing a 34% tax on imports from China and 20% on the European Union, among other nations.In response to Trump's tariff announcements, the Dow...

NEW YORK: The US dollar fell against major currencies such as the euro, yen and sterling on Wednesday, as traders awaited details of US President Donald Trump’s plans for tariffs, which could upend the global trading system and shake financial markets. The euro last bought at $1.0825, up 0.3% against the dollar, while sterling edged up 0.1% to $1.2940 ahead of a White House Rose Garden announcement scheduled for 2000 GMT that will likely see the imposition of steep new duties on US imports. Trump has for weeks trumpeted April...

By Fabiana Negrin Ochoa and Ronnie Harui Asian equities tumbled as markets awoke to see some of their worst fears come true: a slate of sweeping U.S. tariffs that could inflict economic damage and disrupt industries. Indexes in Japan and South Korea followed U.S. stock futures lower at Thursday's open, as investors took in President Trump's announcement of an across-the-board 10% tariff on all imports that kicks in April 5. Countries on the White House's about 60-strong list of "bad actors" on trade will be hit by sharper levies that...

This is CNBC's live blog covering Asia-Pacific markets. Asia-Pacific markets plunged on Thursday, after U.S. President Donald Trump imposed hefty reciprocal tariffs on over 180 countries and territories — several of which are in the region. In charts posted on social media, the White House showed the effective tariff rates they claim other countries impose on American goods, including by "currency manipulation and trade barriers." The White House told CNBC's Eamon Javers on Wednesday that the new reciprocal rate on China will be added to existing tariffs totaling 20%, meaning...

04 Apr 2025, 06:25 AM IST Updates to this LIVE blog have ended 03 Apr 2025, 09:04 PM IST Trump Tariff Announcement LIVE: Dow drops 1,500 amid global market slump Trump Tariff Announcement LIVE: As Donald Trump's tariffs kicked in, the S&P 500 slumped 4 per cent in morning trading – being seen as the worst than the drops for other major stock markets.The Dow Jones Industrial Average was down 1,520 points, or 3.6 per cent, as of 10:10 am Eastern time, and the Nasdaq composite was 4 per cent...

Fernando Martinez, CEO of NoncoNonco Fernando Martinez talks like a man who’s already seen the future. In it, SWIFT, the messaging networks thousands of banks around the world use to give instructions for transferring funds between accounts, is obsolete. He insists that the global foreign exchange market should run on stablecoins, cryptocurrencies typically pegged to fiat currencies like the U.S. dollar. These convictions underpin his company, Nonco, based in Miami. Founded in 2023 as a spin-out from Hong Kong crypto exchange OSL, it has quietly grown into one of the...

With the value of the dollar collapsing to less than a 3,100th of an ounce of gold, some cash-strapped Britons are starting to sell their gold teeth to pick up dollars. The owner of a gold dealer in Royal Wootton Bassett, England, informed British news outlet, the Sun, of the “distressing” trend last week, noting that his gold company, Gold Traders, has been buying up an estimated 100,000 pounds worth of gold every day.  In addition to the “steady increase” in gold teeth sales, Mr. White is seeing Britons trading...

NEW YORK : The U.S. dollar fell against major currencies such as the euro, and sterling on Wednesday, while the safe-haven yen tumbled, as traders awaited details of U.S. President Donald Trump's plans for tariffs, which could reshape the global trading system. While moves overall have been muted, risk sentiment seemed to have improved based on the price action, perhaps tracking U.S. equities. The yen was down against a broad swath of currencies, while commodity currencies such as the Australian and New Zealand dollars as well as the Norwegian crown...

EUR/USD moves higher to near 1.0820 ahead of US President Trump's announcement of reciprocal tariffs. Anxiety over Trump's tariffs has dampened the confidence of US businesses and households. Soft Eurozone HICP data paves the way for more ECB interest rate cuts. EUR/USD rises to near 1.0820 during North American trading hours on Wednesday. The major currency pair gains as the US Dollar (USD) declines before the announcement of reciprocal tariffs by United States (US) President Trump at 20:00 GMT. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, falls to near...

NEW YORK/LONDON :The U.S. dollar fell against major currencies such as the euro, yen and sterling on Wednesday, as traders awaited details of U.S. President Donald Trump's plans for tariffs, which could upend the global trading system and shake financial markets. The euro last bought at $1.0825, up 0.3 per cent against the dollar, while sterling edged up 0.1 per cent to $1.2940 ahead of a White House Rose Garden announcement scheduled for 2000 GMT that will likely see the imposition of steep new duties on U.S. imports.Trump has for...