The U.S. dollar ceded ground to the Swiss franc, Australian dollar, euro and yen on Friday as signs of a thaw in trade tensions lifted investors’ appetite for riskier assets while they awaited U.S. jobs data due later in the day.
In March, before the U.S. imposed tariffs on most nations triggering a global trade war, euro zone consumers had increased their inflation expectations for the coming years, according to a European Central Bank survey.
Chinese President Xi Jinping used a visit to Shanghai on Tuesday to push for breakthroughs in artificial intelligence and underscore China’s leading role in the "Global South".
Transport demand from China to the United States is deteriorating sharply as trade tensions escalate, according to a new report from Bank of America.
U.S. President Donald Trump resumed his criticism of the Federal Reserve on Tuesday evening, claiming that Chair Jerome Powell was not doing a good job and that he knew more about interest rates.
The latest data on US Wholesale Inventories has been released, revealing a slight increase in the total value of goods held in inventory by wholesalers. The actual figure came in at 0.5%, a subtle rise from the previous figure but still falling short of the anticipated forecast.
