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Dow Jones Industrial Average soars as equities rebound on tariff delay
Dow Jones Industrial Average soars as equities rebound on tariff delay
The Dow Jones Industrial Average (DJIA) skyrocketed on Wednesday, climbing nearly 3,000 points and reclaiming the 40,000 major price handle after the Trump administration announced it would once again pivot away from most of its recent tariff threats.
DowJones
TradeWar
Equities
SEO
US Dollar figths back after Fed minutes
US Dollar figths back after Fed minutes
The US Dollar Index (DXY) trades around the 103 area during Wednesday’s session, stabilizing slightly after recent selling pressure, which took it below 102.00.
Currencies
TradeWar
DollarIndex
US Treasury Secretary Bessent: Reciprocal tariffs temporarily reduced to 10%
US Treasury Secretary Bessent: Reciprocal tariffs temporarily reduced to 10%
US Treasury Secretary Scott Bessent added further details to Trump's sudden pullback from widespread reciprocal tariffs on Wednesday, noting that the US will be dropping tariffs across the board to 10% after US President Donald Trump delayed his own "reciprocal" tariff package by 90 days as the Trum
TradeWar
UnitedStates
Politics
The trade war isn't over but the worst-case scenario is avoided
The trade war isn't over but the worst-case scenario is avoided
The S&P 500 climbs 8% as Trump changes course on tariffs
Stocks
Dow Jones Industrial Average rockets 6% higher on tariff suspension
Dow Jones Industrial Average rockets 6% higher on tariff suspension
The Dow Jones Industrial Average (DJIA) skyrocketed on Wednesday, surging over 6% on the day and returning to the 40,000 handle after the Trump administration announced yet another pivot on its own tariff policies.
DowJones
TradeWar
SEO
Politics
Breaking: Trump announces a 90-day pause on reciprocal tariffs
Breaking: Trump announces a 90-day pause on reciprocal tariffs
United States (US) President Donald Trump stated that he had authorized a 90-day pause on reciprocal and 10% tariffs, noting that the measure was effective immediately.
Breaking
TradeWar
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