Canada announces ‘dollar-for-dollar’ retaliatory tariffs up to 50% against US

Canada said that it will implement 50% retaliatory tariffs on $20bn worth of US goods, following through on Prime Minister Mark Carney’s vow to match US President Donald Trump’s duties “dollar for dollar,” the Guardian reported. The Canadian government said in a statement that new measure will take effect from September 8 and will impose […]

Bullish bias with focus on 6.7000 against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a negative stance on USD/CNH, noting a softened underlying tone even as recent price action stayed relatively quiet. Intraday, they see scope for a modest drift lower while keeping 6.7150 as key support. Over the next 1–3 weeks, a sustained break below 6.7200 […]

US Dollar stays on the back foot ahead of PCE

Here is what you need to know for Wednesday, August 26: The US Dollar Index (DXY) is hovering below the 99.00 mark as traders squared positions ahead of a heavy Wednesday data slate and Federal Reserve (Fed) Chair Kevin Warsh’s Jackson Hole address on Friday. The move was modest, keeping the Greenback near recent lows […]