GBP/USD climbs above 1.2900 following US NFP data The Pound Sterling (GBP) registered solid gains versus the US Dollar (USD) in early trading on Friday during the North American session, even though the latest jobs report in the United States (US) depicts the economy remains solid. Nevertheless, fears of a recession in the US keep … Read more
Federal Reserve Governor Adriana Kugler indicated that rising inflation risks provided a strong argument for keeping interest rates steady for an extended period. Key Quotes Sees steady monetary policy ‘for some time’ on recent inflation data. Strongly supported steady rate policy at January FOMC. Future Fed policy changes will be driven by data. There are … Read more
Federal Reserve (Fed) Chair Jerome Powell stuck to his cautious guns on Friday, warning that policy uncertainty makes it difficult for the Fed to enact policy adjustments. Key highlights Uncertainty around Trump Administration policies and their economic effects remains high. Most longer-term inflation expectations remain stable, consistent with 2% goal. Net effect of trade, immigration, … Read more
USD/MXN retreats as US trade policies overshadow economic data. Mexico’s inflation beats forecasts, but Banxico still expected to cut rates on March 27. USMCA four-week exemptions are secured, but tariffs on steel and aluminum remain in place. US Dollar weakens despite solid NFP; markets price in 80 bps of Fed cuts in 2025. The Mexican … Read more
US President Donald Trump took time out of his Oval Office address to deliver new information about impending tariffs on Canada. While addressing the press in the White House, President Trump lobbed a fresh tariff threat, which may or may not come today, or on Monday, or on Tuesday. The statement comes less than 24 … Read more
DXY plunges further, losing over 3.5% this week. February’s Nonfarm Payrolls miss expectations and the unemployment rate rises. Fed officials signal multiple rate cuts in 2025, fueling more USD weakness. Tariff uncertainty continues as President Trump hints at new Canada levies. The US Dollar Index (DXY) extends its brutal slide on Friday, heading for its … Read more