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Yen about to mark biggest weekly loss in 2025 amid trade chaos
Yen about to mark biggest weekly loss in 2025 amid trade chaos
Jul 11, 2025
The Japanese yen declined in Asian markets on Friday, resuming its losses after a two-day pause against the US dollar, edging closer once again to its lowest level in two weeks. The currency is now on track for its largest weekly loss in 2025, amid escalating chaos in global trade as Donald Trump announced further tariffs. Despite rising expectations of...
Loonie declines amid US trade war
Loonie declines amid US trade war
Jul 11, 2025
The Canadian dollar fell against most major currencies on Friday following decisions that signaled an escalation in the trade war between the United States and Canada. U.S. President Donald Trump announced today the imposition of a 35% tariff on Canadian imports and threatened to raise tariffs on other countries as well. In a post on Truth Social yesterday, Trump said...
Aussie spikes as traders digest policy decisions
Aussie spikes as traders digest policy decisions
Jul 10, 2025
The Australian dollar climbed against most major currencies on Thursday after markets absorbed the central banks latest monetary policy decision. In a statement released early Tuesday, the Reserve Bank of Australia said it had decided to leave its benchmark interest rate unchanged, noting that it needs more information to ensure inflation is steadily moving toward the 2.5% target. In the...
US dollar edges up after Trump's new tariffs
US dollar edges up after Trump's new tariffs
Jul 11, 2025
The U.S. dollar rose on Friday, supported by escalating global trade tensions after President Donald Trump announced new tariffs on imports, including a 35% levy on neighboring Canada, along with plans to impose broad tariffs of 15% or 20% on most of the United States trading partners. The latest trade blow to Canada came as a surprise to investors, who...
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Sector Update: Financial
Sector Update: Financial
Aug 1, 2025
01:10 PM EDT, 08/01/2025 (MT Newswires) -- Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index falling 1.2% and the Financial Select Sector SPDR Fund (XLF) dropping 1.8%. The Philadelphia Housing Index was climbing 1.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was fractionally lower. Bitcoin (BTC-USD) was declining 3% to $114,727, and the...
Top Midday Stories: Stocks Down on Trump Tariffs, Jobs Report; Amazon, Apple Shares Fall Post-Earnings
Top Midday Stories: Stocks Down on Trump Tariffs, Jobs Report; Amazon, Apple Shares Fall Post-Earnings
Aug 1, 2025
11:49 AM EDT, 08/01/2025 (MT Newswires) -- The three major US stock indexes were all down around midday trading Friday after President Donald Trump signed widespread tariffs into effect overnight and the US July jobs report surprised to the downside. Total nonfarm payrolls rose by 73,000 in July, the Bureau of Labor Statistics reported Friday, far below the consensus estimate...
Exchange-Traded Funds, US Equities Fall After Midday Friday
Exchange-Traded Funds, US Equities Fall After Midday Friday
Aug 1, 2025
01:11 PM EDT, 08/01/2025 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) was up 0.3%. US equity indexes sank, with government bond yields and crude oil sliding after nonfarm payrolls showed a sharp deterioration in the labor market and the Trump administration unleashed new punitive import tariffs on international...
Wall St Week Ahead-AI gains and strong earnings support Wall Street as tariff woes linger
Wall St Week Ahead-AI gains and strong earnings support Wall Street as tariff woes linger
Aug 1, 2025
* Strong corporate earnings boost market confidence * AI-driven companies lead market gains * Short-term volatility expected, but long-term outlook positive By Saqib Iqbal Ahmed NEW YORK, July 31 (Reuters) - With more than half of second quarter earnings reported and stocks near record highs, company results have reassured investors about the artificial intelligence trade that has energized Wall Street,...
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