Geopolitics

Democrats question truth of US Justice Department official’s testimony on NY mayor

FinanceForex

Asia FX skittish, dollar holds gains as Trump’s liberation day looms

Dollar firms as Trump tariff plan keeps traders on edge
FinanceForex

Dollar firms as Trump tariff plan keeps traders on edge

FinanceStocks

Asia stocks tread water before key Trump tariff announcement

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How Can Crypto Help Earthquake Victims in Thailand and Myanmar?
Cryptos

How Can Crypto Help Earthquake Victims in Thailand and Myanmar?

Trump’s Bitcoin Reserve Order Removes “Last Existential Risk,” Says Bitwise CIO
Bitcoin

Trump’s Bitcoin Reserve Order Removes “Last Existential Risk,” Says Bitwise CIO

Trump expresses desire to defund NPR and PBS, citing bias and waste
Geopolitics

Trump expresses desire to defund NPR and PBS, citing bias and waste

Geopolitics

Trump signs election order calling for proof of U.S. citizenship to vote

Geopolitics

Trump team scrambles to handle fallout from Signal chat assailed as ’sloppy, careless’

Portland schools face civil rights probe over transgender athlete
GeopoliticsPolicies

Portland schools face civil rights probe over transgender athlete

Asia FX muted as firm dollar, tariff risks weigh; rupiah hits 1998 crisis level
FinanceForex

Asia FX muted as firm dollar, tariff risks weigh; rupiah hits 1998 crisis level

FinanceForex

Dollar boosted by strong economic data; tariffs, peace talks in focus

FinanceForex

Barclays sees EUR/USD trading near 1.06

The euro is to reverse its losses sustained against the dollar during the fourth quarter of 2024 as the curtain draws to a close on ’American exceptionalism.’ "We project that the EUR/USD will end the year near 1.10, marking a reversal of the ’American exceptionalism’ story of Q4 2024," Macquarie economists said in a note Tuesday. The euro fell to a two-year low against the dollar at the start of the year, following a sharp sell in Q4 on mounting concerns about the Eurozone’s economy and the impact of President Donald Trump’s tariffs. But the eurozone economy is making a comeback, powered by Germany’s fiscal bazooka after the incoming administration passed a colossal defence and infrastructure spending plan potentially worth up to €1 trillion. The German fiscal boost has already helped boost sentiment on the economy, according to recent survey data. Germany’s Ifo survey showed an uptick in business expectations, with the index rising from 85.6 to 87.7 in March, reaching its highest level since last spring. This improvement reflects growing optimism about the impact of fiscal reforms on future economic activity and higher real interest rates in Europe. While the current business climate in Germany saw only a modest improvement, climbing to 85.7 from 85.0 in February, the forward-looking expectations index surpassed the current assessment index. This crossover suggests a potential turning point for the European economy. "Should this optimism hold up, it is highly unlikely that the EUR/USD will revisit the depths of earlier this year. Recent gains will hold up, and more may be forthcoming when the actual hard data in Europe improves," Macquarie added.
FinanceForex

Macquarie: Euro poised to continue comeback as ’American exceptionalism’ fades

Asia FX treads water as Trump tariff concerns linger; Australia CPI in focus
FinanceForex

Asia FX treads water as Trump tariff concerns linger; Australia CPI in focus

Vistry suffers drop in FY profits In the corporate sector, British home construction company Vistry Group (LON:VTYV) reported a sharp drop in its full-year profits. Wacker Neuson (ETR:WACGn) reported a sharp fall in 2024 revenue, as weak demand in the construction and agricultural sectors, combined with high dealer inventories, weighed on the German manufacturer of construction equipment’s performance. Crude prices at three-week high Oil prices climbed higher Wednesday, continuing to rise on supply concerns as well as a bigger-than-expected drop in U.S. crude inventories. At 04:02 ET, Brent crude futures rose 0.2% to $72.54 a barrel, and U.S. West Texas Intermediate crude climbed 0.2% to $69.16 a barrel. Both benchmarks hit their highest in three weeks in the previous session, boosted by renewed efforts from the U.S. to limit Venezuelan and Iranian oil exports. Also helping the tone was the news from the American Petroleum Institute that showed U.S. crude inventories fell by 4.6 million barrels last week, a bigger drop than expected. Official U.S. government data on crude inventories, from the Energy Information Administration, are due later in the session, and if the API report is concerned it could signal a healthy demand for fuel in the world’s largest economy.
FinanceStocks

European stocks edge higher; U.K. Spring Statement due

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