Representatives from the United States and China are resuming trade talks regarding the prolonged tariff dispute between the two. The US officials personally traveled to Shanghai, China to meet Chinese representatives. The decision to fly to China came after a positive trade talk over the phone by the representatives. The delegates from the United States …
Heightening global trade tensions seems to be in trend as the United States and China trade dispute continues to loom. And in the east, two Asian economic giants are giving tit-for-tat tariffs – South Korea and Japan. Tariffs have seemed to be hot in political and trade playbooks. Trade tensions between both countries have escalated …
South Korea’s Economic Growth at Risk Due to Export Curbs Read More »
On Monday, the dollar strengthened against the yen on the forex markets. Investors toughened outlooks for an aggressive Federal Reserve interest rate cut later this month. The dollar grew 0.2% versus the yen to 107.92 due to the rise in U.S yields. Friday’s modest gains were pushed by the benchmark 10-year Treasury yield and scaled …
South Korea and Japan: Trade Dispute The global economic problems are getting worse as after the U.S.-China trade war; another dispute is unfolding between South Korea and Japan. The reason for the dispute dates back to the 1940s when the Japanese military forced Korean women to become sex slaves. There are other problems that started …
Foreign exchange market: The dollar reached near three-week high as U.S. job gains weaken Fed rate cut. Click here! – Wibest Broker
On Monday, within a growing dispute over South Koreans forced to work for Japanese firms during World War Two, exports of high-tech materials used in smartphone displays and chips to South Korea will be tighten by Japan, an industry ministry said. On Thursday, slowing the export process by several months, hitting South Korean tech giants, …
Japan to Constrict Tech Material Exports for South Korea Read More »
Mexican peso rose after U.S.-Mexico deal while yuan dropped to its 2019 lows. Click here for more information! – Wibest Broker
Dollar index continues to hold its gains as trade fears spur risk aversion. Click here for more information! – Wibest Broker
FOREX MARKETS – After the latest growth in the trade war between the United States and China on Monday, the Chinese yuan and Australian dollar plunged. Meanwhile, the safe-haven yen strengthened slightly. As Washington demanded promises of concrete changes to Chinese law and Beijing on Sunday, stating it would not swallow any “bitter fruit” that …
ASIAN MARKET – U.S President Donald Trump on Sunday threatened to increase tariffs on $200 billion worth of Chinese goods from current 10% to 25% by Friday a further $325 billion “shortly.” The tweet comes days ahead of the final round of U.S-China trade talks on Wednesday when the Chinese delegation is expected to jet …
Trump Tariff Threat Sends Asian Market into Disarray Read More »
CURRENCY PAIRS – After data showed steady Chinese economic growth in the first quarter, the Aussie shot to a two-month peak on Wednesday, helping it shake off earlier losses. From the previous $0.7206, the Aussie was 0.2 percent higher at $0.7190, its strongest since Feb. 21. A four-month peak of 80.71 was also touched by the …
Aussie Surges, Euro Recovers with China’s Economy Read More »
CURRENCY PAIRS – Hopes over an imminent trade deal between the United States and China that could potentially end a year-long tit-for-tat tariff dispute pushed the yuan and the Australian dollar higher on Monday. Behind such optimism was a report by a reputable news source on Sunday stating that the two countries are nearing a …
Currency Pairs: Yuan, Aussie Rise on Trade Hopes Read More »
The dollar struggles on facing its peers today, falling before the Federal Reserve’s (Feds) policy minute talk. However, it manages to gain on the yen when strong investor risk desires to rim the demand of the Japanese money. That makes the U.S. dollar up by 0.2 percent at about 110.83 yen. As the safe-haven currency …
Forex Markets: Dollar grapples ahead Fed minutes while gaining in Yen Read More »
Japan’s household spending increased slightly and higher bonus payments lifted wages in December, though the underlying trends in these two metrics exhibited only modest improvement and pointed to a difficult year for the economy as risk to growth increases. Recent controversies about faulty polling methods were used to compile monthly wage data have also cast …
The US dollar retained its recent gains versus its major peers on Tuesday, backed by a recovery in investor’s risk appetite, which gave an overnight boost to US yields. The Australian dollar gained, recouping earlier losses, after the Reserve Bank of Australia (RBA) held rates at record lows at its first meeting of the year …
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