Under a new agreement obtained by AFP, U.S. troops will be allowed to operate from several Panama-controlled sites along the Panama Canal. The deal, signed by senior officials from both countries, permits deployments for training, joint exercises, and other activities...
Record high price for gold US$3206+
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USD/JPY yen on the 142 big figure
Yen, EUR, GBP, CHF are all soaring against the hapless US dollar.Gold too, I shouldn't leave it out. As I said earlier, there are no fresh catalysts apart from what has already been posted.Also as I said earlier:The US dollar index, DXY, traded under 100 for the first...
PBOC is expected to set the USD/CNY reference rate at 7.3104 – Reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate...
Yen continues to soar, USD/JPY under 143.50
Pressure on the US dollar is continuing. EUR, JPY, CHF, GBP, gold all strong during Asia morning trade.USD/JPY notable, its dropped under 143.50. There is no fresh news nor catalyst apart from what has already been posted. Markets are now incorporating the risk to Fed...
Revisiting the January call for a lower US dollar
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Japan fin min Kato says excess FX volatility negatively impacts the economy
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USD/CHF trades to its lowest since January 2015, USD/JPY takes a look at 143
Investors are liking other fiat vs. USD.EUR (just hit its highest since July 2023), GBP, CHF, yen all rising. Gold surging too, its around 3185 as I post. I posted back in March on Trump efforts that may be directed at removing the independence of the Federal...
Further hints of efforts to boost consumption in China – from Prime Minister Li Qiang
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Trump is threatening Mexico with more tariffs
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Japan’s government is considering cutting food consumption tax
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New Zealand manufacturing PMI for March 53.2 (prior 53.9)
BNZ – BusinessNZ Performance of Manufacturing Index (PMI).March 2025 53.2prior 53.9Expansion for a third consecutive monthBusinessNZ’s Director, Advocacy Catherine Beard:“The sub-index values were mostly in expansion during March." BNZ’s Senior Economist Doug Steel...
US retailer Five Below has compelty halted its business with China
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“The next chapter of U.S.-China decoupling has begun. The pain will be felt everywhere. “
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EU leaders plan to travel to China for a meeting with Chinese President Xi in July
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More from Fed’s Collins: Financial markets are performing well and remain liquid
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EU and China have begun negotiations on abolition of EU tariffs on Chinese electric cars
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In Q1 2025 large US companies filed bankruptcy at the fastest rate in 15 years
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Trump has sidelined some of his advisers – poor performers Lutnick & Navarro on the outer
Politico with the report on Trump shifting the deckchairs. Trade team moves:Treasury Secretary Scott Bessent now at the helmPeter Navarro relegated to the sidelinesHoward Lutnick recast into the role of “bad cop”Politico cite "according to three people close to the...