archiveTradeWar

In a pre-taped interview with Fox News’ “Sunday Morning Futures”, US President Donald Trump expressed his concerns about his ‘big, beautiful’ spending bill and unfair Japanese auto trade.On passing the bill by his July 4 target date, he said: “I don’t know. I mean, I can’t tell you that.”“I’d like to say, yes. But the problem is if we’re two days late or five days late, everybody says, ‘Oh, you had a tremendous failure,’” he noted further.Speaking on the $9 trillion US debt that is set to mature this year,...

The US Dollar is making a turnaround this Tuesday, snapping its losing streak. Some support for the Greenback with the Fed confirming steady interest rates. The US Dollar Index heads above 99.00 in search of the 100.00 figure. The US Dollar Index (DXY), which tracks the performance of the Greenback’s value against six major currencies, is tying up some minor gains, trading around 99.40 at the time of writing this Tuesday. The stronger Greenback has emerged right at the end of Asian trading hours, after the Japanese Ministry of Finance (MoF)...

Indian Rupee pares earlier gains as USD/INR rebounds slightly above 85.00.US Dollar steadies after a sharp early-week decline, DXY Index hovers above 99.00The final round of US-India trade deal talks is expected soon in New Delhi.The Indian Rupee (INR) trims some of the earlier gains against the US Dollar (USD) on Monday, with the USD/INR pair retreating slightly above 85.00 during the American trading hours. The slight weakness in the Indian Rupee comes on the back of easing global trade tensions, which lent some support to a broadly weak US...

Japan’s Prime Minister Shigeru Ishiba said on Friday that there was no change in Japan's stance on US tariffs and its demand that they be eliminated.Key quotesNo change to our stance on U.S. tariffs.Discussed U.S. tariffs with President Trump.Discussed diplomacy, and security with Trump as well.There might be an occasion when I’ll visit the U.S. for in-person talks with President Trump.No change to our stance of demanding the elimination of tariffs.No change to our policy of talking with the U.S. about creating U.S. jobs.Market reaction   At the time of writing, USD/JPY is...

Japan’s Finance Minister Shunichi Kato said on Tuesday that he expects any talks with US Treasury Secretary Scott Bessent this week to be based on this understanding of foreign exchange.Key quotesWill hold bilateral meetings with counterparts at the G7 finance leaders’ meeting later this week.Expect to discuss various topics, including FX, if I were to meet Bessent on sidelines of G7 gathering.Will scrutinise the impact of U.S. fiscal, monetary policy on Japan’s economy, when asked about Moody’s downgrade of US debt rating.In previous bilateral meeting with Bessent, two sides confirmed...

The US Dollar jumps up over 1% against most major peers, after news of a deal between China and the US. Both countries agreed to slash tariffs for 90 days following two days of talks in Switzerland. The US Dollar Index pops to 101.65, benefiting from the relief in US-China tensions. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, exceeds a more than 1% rally on Monday after China and the United States (US) agreed to a 90-day pause in their trade war...

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...

The Greenback loses ground against all major currencies on Thursday as markets digest Trump’s tariff announcement President Trump announced a base 10% tariff for all countries exporting goods to the US and additional levies per country. The US Dollar Index is hit hard and falls below the 102.00 level. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is having a really bad day, trading at levels not seen since early October around 101.800 and correcting near 1.80% at the time of writing on...