Market News

  With the G7 summit slated to start this week in Quebec, some tension is building surrounding the US. French President Macron has sided with Germany in warning the US that he will not sign a joint statement unless the US makes strides on trade, the Iran nuclear deal and the Paris climate accord. Larry

The Dollar is down this morning following hawkish comments from the ECB and Treasury Secretary Mnuchin’s comments to Trump urging that the US drop tariffs on Canadian products. The Dollar is coming back down after a very strong couple of days which was highlighted by last Friday’s employment data, leading to sustained belief that the

Major currencies are trading sideways this morning after the movement we saw yesterday as the market is reluctant to move in any concerted direction. US allies were not pleased with the Trump administration after metal and aluminum tariffs were imposed on Canada, Mexico and the EU. The tariffs should not necessarily come as a shock

The Dollar Index is down again this morning as other majors have been rebounding after seeing multi-month lows throughout the week. Trump applied a 25% tariff on imported steel and 10% on aluminum back in March, but granted Canada, Mexico and the EU reprieve until June 1st. NAFTA negotiations are not progressing as many had

The Dollar Index is down 0.55% to 94.30, moving away from the seven month highs we saw on Tuesday. Trade concerns have resurfaced with China as Trump made an unexpected comment yesterday indicating that the US still held the threat of imposing tariffs on $50 billion worth of imports from China, attempting to leverage this

The Dollar Index did not skip a beat coming back from the US long weekend as it traded as high as 95.03, the highest levels we’ve seen since November of last year. This is primarily due to EUR weakness following the ongoing political concerns within the Eurozone. It appears now that the US-North Korean Summit

With Memorial Day weekend upon us, the US will observe a bank holiday today. Despite the long weekend, Trump was still in action stating that a US team had entered North Korea to reengage in talks surrounding the proposed Summit with Kim Jong Un. With nothing on the calendar for the US today, things will

The Dollar is flat as investors are still digesting the Fed minutes from Wednesday. The dovish tone caught some people by surprise and has been limiting Dollar gains since. The Fed indicated that they are comfortable with another hike, but they are willing to allow inflation to carry above the 2% target for a while.

The Dollar Index is down almost 0.3% this morning following yesterday’s Fed minutes as investors picked up on slightly dovish tones from the Fed. The notes indicated that another rate hike is reasonable (expectations are that they will hike at the June 13th meeting), however the Fed would allow for inflation to carry above its

The Dollar Index has fallen 0.19% since seeing five month highs late last week. Investors looked to take profit on the dollar following an impressive rally over the course of the last week and a half. Over the weekend the US and China furthered trade talks as China announced that they would reduce their import