New Zealand’s Willis: We have complementary trade ties with the US

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New Zealand’s Finance Minister, Nicola Willis, said on Monday that the country has a very balanced and complementary trade relationship with the United States. Willis added that she hopes to maintain a warm relationship in the future.  Key quotes New Zealand is distinguished in that we have a very balanced and complementary trade relationship with the United […]

UoM Consumer Sentiment Index drops as inflation fears climb

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According to the University of Michigan’s (UoM) Consumer Sentiment Index, American consumers are beginning to grow increasingly concerned about United States (US) President Donald Trump’s approach to economic policy and international trade. Trade war fears have knocked back consumer confidence, and consumer inflation expectations have also climbed. The Preliminary UoM Sentiment Index showed that aggregate […]

Gold softer after comments Trump administration is targeting US 10-year yield, not the Fed’s policy rate

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Gold’s all-time high currently stands at $2,882.35 printed on Wednesday. Gold saw some easing after US Treasury Secretary Bessent revealed Trump wants to bring down 10-year yields, not Fed rate cuts. Bullion’s winning streak is at risk of snapping and faces selling pressure this Thursday in Asia.  Gold’s price (XAU/USD) is heading lower this Thursday […]

USD/MXN rebounds to near 20.50 as Mexican Peso erases some gains

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USD/MXN recovers to near 20.50 as Mexican Peso gives up some gains that were driven by a delay in tariff imposition on Mexico by US President Trump. The safe-haven appeal of the USD diminishes as investors expect Trump’s tariff agenda would be less fearful than anticipated. Investors await the US JOLTS Job Openings data, which […]

China retaliates with counter-tariffs on US imports, effective February 10

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China’s Commerce Ministry announced on Tuesday that It would impose 15% tariffs on US coal and liquified natural gas (LNG) imports. “Additional 10% tariffs will be imposed on crude oil, farm equipment and some automobiles,” the Ministry said. The Commerce Ministry added that to “safeguard national security interests” the country is imposing export controls on […]

US President Trump: I like the idea of tariffs on most countries

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United States (US) President Donald Trump hit the newswires with a wide swath of off-hand statements on Monday, ranging from the war in Ukraine, where President Trump expects ‘rare earth metals’ in exchange for obtaining a ceasefire with Russia. Donald Trump also noted that he remains “not happy” with the Panama situation, and reiterated that […]

US President Donald Trump: I will impose tariffs on the EU

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United States (US) President Donald Trump spoke with reporters late on Friday, further amending statements made by his own White House personnel which were also meant to amend reports that the Trump administration may be kicking the tariff can down the road to March 1. President Trump’s team reiterated that tariffs on Mexico, Canada, and […]

White House: Earlier reports are wrong, tariffs are coming February 1

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United States (US) Press Secretary Karoline Leavitt dashed investor hopes for a delay in tariffs on Friday, announcing from the White House’s press podium that President Donald Trump’s wide tariffs of 25% on Canada and Mexico, as well as 10% on China, would be taking effect on February 1. The announcement shattered earlier reports that […]

United States 4-Week Bill Auction fell from previous 4.265% to 4.25%

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