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Trump administration backs off Nvidia's H20 chip crackdown
Trump administration backs off Nvidia's H20 chip crackdown
The decision comes after Trump dinner with Nvidia CEO Jenson Huang
30 year mortgage rates rising to 7%
30 year mortgage rates rising to 7%
Rise 40 basis points in the last week
Fed's Barkin: Tariff price hikes could start in June
Fed's Barkin: Tariff price hikes could start in June
Federal Reserve (Fed) Bank of Richmond President Tom Barkin pummeled market hopes for rate cuts on Wednesday, noting that the Fed is broadly anticipating negative effects from both ends of the US's self-styled trade war.
TradeWar
Fed
CentralBanks
Inflation
US House will take key budget votes later today
US House will take key budget votes later today
The budget includes provisions that prevent any challenges to Trump tariffs through Sept 30
Politics
Fed's Musalem: It is risky to assume the Fed can look through higher prices from tariffs
Fed's Musalem: It is risky to assume the Fed can look through higher prices from tariffs
Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem noted on Wednesday that tariffs will make it increasingly difficult for the Fed to make short-term changes to policy rates.
TradeWar
Fed
CentralBanks
Inflation
Mexican Peso plunges, hits 9-week low amid escalation of US-China trade war
Mexican Peso plunges, hits 9-week low amid escalation of US-China trade war
The Mexican Peso (MXN) extended its losses against the US Dollar (USD) as US-China tensions escalated after the US imposed further tariffs on Chinese imports, while the latter retaliated reciprocally. Volatility remains high and usually undermines risk appetite, sending the Peso lower.
TradeWar
SEO
USDMXN
Inflation
Banxico
AUD/USD soars to near 0.6050 amid significant weakness in US Dollar
AUD/USD soars to near 0.6050 amid significant weakness in US Dollar
The US-China trade war could send shockwaves through the Australian economy.
Recession
China
TradeWar
Fed
AUDUSD
US February wholesale sales +2.4% vs -1.3% prior
US February wholesale sales +2.4% vs -1.3% prior
February wholesale sales and inventories
GBP recovers recent losses – Scotiabank
GBP recovers recent losses – Scotiabank
Pound Sterling (GBP) is up a modest 0.5% vs. the US Dollar (USD) and retracing a portion of its recent losses, Scotiabank's Chief FX Strategist Shaun Osborne notes on Wednesday.
Technical Analysis
Banks
GBPUSD
EUR cheers German political developments – Scotiabank
EUR cheers German political developments – Scotiabank
The Euro (EUR) is up an impressive 0.8% vs. the US Dollar (USD) and outperforming most of the G10 currencies with the exception of AUD and CHF, recovering its recent losses and pushing back toward last week’s highs, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
Breaking: FOMC Minutes suggest high inflation could be more persistent
Breaking: FOMC Minutes suggest high inflation could be more persistent
The Minutes revealed that Federal Reserve policymakers almost unanimously agreed that the U.S. economy was at risk of experiencing both higher inflation and slower growth. They noted that “difficult tradeoffs” could lie ahead for the central bank.
Breaking
Fed
SEO
CentralBanks
DollarIndex
Fed’s Kashkari: No monetary policy response should be off the table
Fed’s Kashkari: No monetary policy response should be off the table
Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, warned on Wednesday that last week’s wide-ranging tariffs could unsettle people’s expectations about inflation.
Fed
InterestRate
DollarIndex
Currencies
Inflation
German coalition outlines policy agreements
German coalition outlines policy agreements
Policy document from the new German coalition
Politics
CAD holds range despite headwinds from risk, commodities – Scotiabank
CAD holds range despite headwinds from risk, commodities – Scotiabank
Canada’s 25% counter tariffs on non-USMCA compliant vehicles came into force just after midnight, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
USD: US markets wilt under tariff pressure – Scotiabank
USD: US markets wilt under tariff pressure – Scotiabank
Yesterday’s hopes for some moderation in US tariff policy met the reality of 104% tariffs on China and President Trump’s other levies being imposed as of midnight last night, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Fed
Banks
DollarIndex
Why gold is a good place to hide after a crisis
Why gold is a good place to hide after a crisis
What does history say about gold's performance after an economic shock
ForexLive European FX news wrap: Market mayhem continues as China retaliates on tariffs
ForexLive European FX news wrap: Market mayhem continues as China retaliates on tariffs
Forex news from the European morning session on Apr 9, 2025
Session wrap
Wrap Europe
US Treasury Sec. Bessent: US has a strong Dollar policy
US Treasury Sec. Bessent: US has a strong Dollar policy
In an interview with Fox Business Network on Wednesday, US Treasury Secretary Scott Bessent said China's decision to raise tariffs on US imports to 84% is "unfortunate," per Reuters.
UnitedStates
Macroeconomics
DollarIndex
China
Politics
EUR/USD edges higher amid flat momentum – OCBC
EUR/USD edges higher amid flat momentum – OCBC
Euro (EUR) ticked higher vs US Dollar (USD) and was last seen at 1.1044 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
EURUSD
TradeWar
Banks
China can raise their tariffs but so what? - Bessent
China can raise their tariffs but so what? - Bessent
US Treasury secretary, Scott Bessent, speaks to Fox Business