archiveFed

The Pound Sterling falls sharply below 1.3200 against the US Dollar after the US and China agree to reduce tariffs for 90 days by 115%.Lower US tariffs would pave the way for the Fed to cut interest rates.This week, investors will focus on the UK employment and the US CPI data on Tuesday.The Pound Sterling (GBP) tumbles to near 1.3170 against the US Dollar (USD) and trades near a one-month low on Monday. The GBP/USD pair falls sharply as the US Dollar strengthens after the United States (US) and China...

Did the US economy shrink in the first quarter of 2025? Economic malaise is a crucial worry among investors, and the first read of GDP – as well as the Fed's favorite inflation figure – are key.Follow live coverage here on DiscordJoin FXStreet Premium to participate in the live coverage, get Gold alerts, access the analysts, and lots more. A broad look at Trump's first quarter in officeUS Gross Domestic Product (GDP) is released three times, and the first estimate due out imminently is the most influential publication. This quarter is different...

Hertz (HTZ) shares tumbled 11% Monday morning, giving back gains from last week’s rally sparked by Bill Ackman’s hedge fund taking a significant position in the rental car giant. Ackman, the CEO of Pershing Square Capital Management, shared on social media that his company had built a 19.8% stake in Hertz after accumulating shares since late last year. Hertz stock surged on Wednesday after Pershing Square disclosed its 12.7 million share stake, fueling investor speculation about the high-profile fund's view of the struggling company. The rental company reported a loss...

By Danni Haizal Danial Donald KUALA LUMPUR, April 19 (Bernama) -- The ringgit is expected to trade flat next week, potentially trading at around RM4.41 to RM4.42, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid. He said that United States (US) President Donald Trump indicated a reluctance to keep raising the tariff against China as it might impact the trade between the two nations. Additionally, He said several US Federal Reserve officials, including Christopher Waller and Austan Goolsbee, are scheduled to share their thoughts on the current state of the...

KUALA LUMPUR: The ringgit closed marginally higher against the US dollar today, driven by a weaker greenback amid global trade tensions, said an analyst. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the situation with the US tariff remains highly fluid as Chinese president Xi Jinping visited the Asean countries this week. “The weakening of the greenback was surprising as the US dollar, a safe-haven currency, would normally thrive during heightened uncertainties. “Such dynamics would complicate how traders and investors would position themselves in times like this,” he told...

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...

Trump's trade war isn't the only thing that's derailed the stock market in 2025.While anticipated tariffs have exerted the most pressure in recent weeks, the sell-off has been accelerated by a slew of data points that suggest that the economy is on shaky footing. Here are four factors that are souring the mood among investors as the second quarter kicks off. 1. Confidence is droppingConsumers are feeling steadily worse about the state of the economy. Consumer confidence dropped for the fourth month in a row in March, hitting its lowest...

The Pound Sterling gains to near 1.2925 against the US Dollar, while investors ignore fresh tariffs by US President Trump on auto imports. Fed Kashkari supports leaving interest rates at their current levels for an extended period. UK Reeves cuts welfare benefits and remains committed to her fiscal agenda. The Pound Sterling (GBP) recovers strongly to near 1.2925 against the US Dollar (USD) during European trading hours on Thursday. The GBP/USD pair bounces back after a slight corrective move in the last five trading days from the four-month high of...

EUR/USD finds support below 1.0800 as the US Dollar struggles to extend upside amid easing fears of impending tariffs by the US on April 2. Preliminary US S&P Global Services PMI gained significantly in March. The ECB is expected to cut interest rates again in April. EUR/USD finds cushion around 1.0780 and rises to near 1.0825 during North American trading hours on Tuesday. The major currency pair attracts bids as the US Dollar (USD) drops on the narrower-than-feared tariff agenda of United States (US) President Donald Trump. The US Dollar Index (DXY), which tracks the Greenback's value...

USD/JPY gains to near 149.00 as the US Dollar strengthens after the dust settles from the Fed’s monetary policy. The Fed sees an “unusually elevated” US economic uncertainty due to new economic policies by President Trump. The BoJ and the Fed left interest rates steady on Wednesday. The USD/JPY pair moves higher to near 149.00 in North American trading hours on Thursday. The pair gains as the US Dollar (USD) rallies sharply in the aftermath of the Federal Reserve’s (Fed) monetary policy outcome. The US Dollar Index (DXY), which tracks the...