Live Updates

    12 May 2025
    An imminent press conference will see Trump discussing pharmaceuticals and potential cost-shifting strategies.

    President Trump to address drug pricing strategy, affecting pharmaceutical companies; China-related questions also anticipated.

    12 May 2025
    According to Scotiabank’s chief strategist, the Euro has experienced its largest decline since early November, decreasing 1.5% against the US Dollar

    The Euro drops 1.5% against the Dollar amid Fed outlook shifts and US-China trade détente.

    12 May 2025
    Tariff reductions between the US and China improve market optimism and growth prospects for economies

    US-China ease tariffs; markets rally amid optimism, though economic impact and longevity of deal uncertain.

    12 May 2025
    The Canadian Dollar weakens 0.3% against the US Dollar, outpacing declines of G10 peers

    CAD drops 0.3% vs USD but outperforms G10 peers; bullish USD/CAD trend eyes 1.4100 level.

    12 May 2025
    After tariff suspensions, the USD and stocks surged, signalling market enthusiasm amidst ongoing negotiations

    U.S. and China suspend tariffs for 90 days; markets rise amid trade talks and economic uncertainty.

    12 May 2025
    With a 4% rise in NASDAQ futures, excitement surrounds the temporary tariff reductions between the US and China

    Tariff truce boosts markets: NASDAQ futures soar, tech stocks surge, gold drops, treasury yields climb.

    12 May 2025
    Bessent anticipates a Trump-Xi call soon, suggesting tariffs can revert to previous levels if needed

    Trump and Xi may speak soon; tariff talks continue, with potential delays testing Trump’s patience.

    12 May 2025
    The US Dollar strengthens against G10 currencies due to easing US-China trade tensions and market adjustments

    US Dollar strengthens broadly; G10 currencies weaken amid tariff pause and shifting Fed rate cut expectations.

    12 May 2025
    Bessent believes tariffs on China are unlikely to drop below 10%, maintaining current levels as a guideline

    Tariffs remain high as baseline measures aim to prevent escalation; fentanyl-related tariffs raise U.S. total.

    12 May 2025
    A Rabobank forecast maintains USD/JPY at 140.00 amid optimism from a US-China trade agreement

    Trade deal optimism boosts USD; JPY weakens. Long USD positions, recession fears weigh on dollar strength.

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