The Dow Jones Industrial Average (DJIA) eased lower on Thursday, backsliding below the 40,000 handle as investors rethink this week’s record-setting surge after the Trump administration announced yet another last-minute pivot away from its own confusing tariffs.
The bright metal soared on Thursday, hitting a fresh all-time high of $3,175.00 a troy ounce during American trading hours. The US Dollar (USD) plummeted on headlines indicating the trade war unleashed by US President Donald Trump is far from over.
Federal Reserve (Fed) Bank of Chicago President noted on Thursday that the most challenging aspect of managing the US economy from the Fed's side of the data docket is knock-on effects from the US's lopsided trade and tariff policy approach, which poses a direct threat to consumer confidence and out
Federal Reserve (Fed) Board of Governors member Michelle Bowman noted on Thursday that although US growth figures remain healthy overall and inflation up to this point remains under control, key difficulties still remain ahead.
The EUR/USD pair extended its rally on Thursday’s session after the European close, pushing toward the 1.1200 area and posting one of its strongest daily gains in recent months.
Kansas City Federal Reserve (Fed) President Jeff Schmid said that he would remain “squarely focused” on inflation and cautioned that new United States (US) import taxes could drive prices higher and bolster rising public inflation expectations.
During her Thursday remarks, Dallas Federal Reserve (Fed) President Lorie Logan warned that tariffs exceeding expectations would almost certainly spark a surge in both unemployment and inflation.
Bank of England (BoE) Deputy Governor Sarah Breeden gave her views on the recently announced United States (US) tariffs and their potential economic impact.
So the US paused reciprocal tariff action for 90 days on non-retaliating countries but maintained a base line 10% tariff just hours after imposing aggressive levies on its major trading partners. China gets whacked with 125% tariffs though, Scotiabank's Chief FX Strategist Shaun Osborne notes.
ECB’s April policy meeting could be a close call, but we lean towards a 25bps cut. For now, our base case is a June hold, but we see growing risks of another cut given tariff threats.
Pound Sterling (GBP) is up about 0.6% vs. the USD and a mid-performer among its G10 peers, climbing back into the 1.29-1.30 congestion range that had prevailed ahead of last week’s tariff turbulence, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Euro (EUR) is entering Thursday’s NA session with an impressive 1.1% gain, climbing back toward the upper end of its one-week range and threatening a break to levels last seen in October.
US citizens filing new applications for unemployment insurance ticked a tad higher to 223K for the week ending April 5, as reported by the US Department of Labor (DOL) on Thursday. This print matched initial estimates and was higher than the previous week's unrevised tally of 219K.
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