Dollar Recovers on US-Mexico Deal, Aussie Weighed Down by China Imports
Dollar recovers broadly today while stocks markets rebound. Threat of US-Mexico trade war vanished after Trump announced to suspend indefinitely the plan to impose tariffs on all Mexican imports. An agreement was made between the US and Mexico on migration...
GBP/USD And USD/CAD: US Dollar Showing Signs Of Weakness
GBP/USD gained pace this past week and recovered above the 1.2700 resistance. USD/CAD declined steadily below 1.3300, signaling short term US Dollar weakness. Important Takeaways for GBP/USD and USD/CAD The British Pound started a decent recovery and recovered above 1.2700...
Dow futures jump more than 100 points after US-Mexico reach deal to avoid tariffs
President Donald Trump tours the area around the U.S.-Mexico border wall in Calexico, California, U.S., April 5, 2019. Kevin Lemarque | Reuters Stock futures indicated that the Dow Jones Industrial Average would open more than 100 points higher Monday in...
Europe should rein in its rogue bank supervisors
After the eurozone sovereign debt crisis, and Italy’s subsequent sluggishness in tackling its mountain of non-performing loans, northern Europeans have tended to think that the need for a stronger European Union financial regulatory framework was all about controlling chaos and...
Dollar in Steep Decline… Before Trump Drops Mexico Tariffs
Dollar weakness was the main theme over the whole week. It started with worries over Trump’s tariff threats to Mexico. Then Fed officials came out acknowledging the risks from Trump’s tariff policies and signaled their openness to rate cuts should...
Illinois legalizing cannabis could help New York, New Jersey do the same: U.S. pot CEO
Marijuana is growing on U.S. consumers. Last week, Illinois became the 11th U.S. state to approve cannabis for recreational adult use, joining a growing cohort that includes California, Vermont and Michigan. The law will go into effect on Jan. 1,...
Mnuchin says Trump can still impose tariffs if Mexico does not live up to immigration deal
Robert Lighthizer, U.S. trade representative, right, and Steven Mnuchin, U.S. Treasury secretary. Alex Edelman | Bloomberg | Getty Images Treasury Secretary Steve Mnuchin said Saturday that President Donald Trump still has the authority to impose tariffs on Mexico if it...
HSBC: The world’s interim bank
To be in HSBC senior management is to be one of two things. Traditionally, you were a dyed-in-the-wool lifer, more often than not making the slow crawl to the top through retail and commercial banking. More recently, you might have...
Weekly Economic and Financial Commentary: Growing Hints of a Slowdown
U.S. Review Growing Hints of a Slowdown In the midst of rising prospects of a prolonged and more pronounced trade war, data this week seemed to lend some credence to the idea that the domestic economy is beginning to succumb...
Week Ahead: Interest rates, Mexican stand-off and US CPI
After last week’s noticeable falls, global stock markets have rallied even more sharply this week to more than wipe out those losses. Sentiment has been boosted by major central banks moving towards easing while trade tensions have taken a back...
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