Gold Prices Drop, USD Gains Amid Change in Tone Over Tariffs
President Trump proposes negotiations with China over global tariffs, indicating a softer-than-expected stance on the trade war.
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
U.S. Treasury Secretary Scott Bessent announced a 90-day pause on reciprocal tariffs between the U.S. and China following negotiations.
President Trump proposes negotiations with China over global tariffs, indicating a softer-than-expected stance on the trade war.
The dollar rose above the 149 mark against Japanese yen on Tuesday.
China loosened up capital rules in Beijing and Shanghai following a substantial decline in foreign direct investments.
The US dollar index soared to a 6-month high on Thursday after fresh economic data in the US and Europe.
The yen recovered ground against the US dollar on Monday after the nation's central bank hinted at shifting away from its ultra-dovish policy.
Vladimir Putin is set to hold an emergency meeting with Russian policymakers.
The US dollar dropped to a near 15-month low on Tuesday.
In the first 10 days of June, yuan transactions in Argentina's forex market rose to $285 million.
Foreign firms continue to flee the country, adding more pressure on the ruble.
The BOJ plans to purchase additional government bonds as the country's inflation likely rose 4.0% in December.
As foreign currencies weaken, non-US institutions are also in a bind for $65 trillion in FX debt.
The euro's decline comes after Europe's policymakers suggested aggressive interest rate hikes are likely to continue to tame inflation.