dollar
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(Bloomberg) — US stocks, longer-dated Treasuries and the dollar sank as traders weighed President Donald Trump’s threats to try to remove Federal Reserve Chairman Jerome Powell. Most Read from Bloomberg The S&P 500 sank more than 1% and the dollar index weakened to a 15-month low as Wall Street re-opened after the long holiday weekend. […]
A teller counts U.S. dollar bank notes at a money changer in Jakarta, Indonesia, on April 9, 2025. Willy Kurniawan | Reuters The U.S. dollar continued its slide on Monday, falling to its lowest level since 2022, as global investors retreat from U.S. assets in the face of tension between President Donald Trump and the […]
China says it will reduce imports of American films in retaliation for the U.S. slapping tariffs on its goods. The move targets one of the United States’ most influential export industries. China, the world’s second-biggest box office after the U.S., has long had an annual quota on the number of foreign films that can be […]
As traders opened on Saturday, the exchange rate fell to 1,043,000 rials to the dollar. Iran’s rial currency has hit a record low against the US dollar amid growing tensions between Tehran and Washington over Iran’s nuclear programme. The exchange rate had plunged to more than 1 million rials during festivities for Persian New Year, […]
Introduction: Growth fears grip markets Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The Trump Bump has turned into the Trump Slump, as rising fears of a US recession rocked the markets yesterday. Monday was a dark day on Wall Street, where the S&P 500 fell […]
Despite some optimism from the ISM Services PMI, which rose to 53.5, the mixed economic data kept pressure on the Greenback. Meanwhile, ongoing trade policy uncertainties, including the US administration’s decision to extend auto import tariff exemptions for Canada and Mexico, further clouded market sentiment. Upcoming Key Events to Watch The Challenger Job Cuts report […]
Naira: Black Market Spot Rate below N1500 per US Dollar The naira has stabilised around N1500 per US dollar in the black market, a channel check conducted by MarketForces Africa confirmed. According to analysts, exchange rate stability in the forex market has been supported by the Central Bank of Nigeria (CBN) intervention. However, the authority […]
(Bloomberg) — President Donald Trump’s tariff threats once again lifted the dollar last week, but a growing group of investors is betting against the greenback amid signs the US economy is cooling and on concern a trade war will weaken it further. Most Read from Bloomberg The expanding chorus of greenback bears includes asset managers […]
(Bloomberg) — Stocks in Asia drifted at the start of the week as traders refrained from making riskier bets after lackluster economic data spurred a selloff in Wall Street. The dollar declined against its peers, notably the euro. Most Read from Bloomberg Benchmarks in Hong Kong and mainland China traded in tight range while a […]
(Bloomberg) — The dollar surged while equity markets and other currencies dropped after US President Donald Trump made good on his threat to impose tariffs on imports from Canada, Mexico and China. Most Read from Bloomberg The yields on two-year US Treasuries rose while European and US stock futures slumped. An index of Asia-Pacific shares […]