In response to ongoing trade tensions with the United States and their associated tariffs, Chinese authorities have implemented measures to stabilize the yuan. This strategy aims to mitigate […]
Euro Soars against USD Amidst Tariff Uncertainty
The euro has emerged as a surprising winner in recent market turbulence, reaching its highest point against the US dollar in three years. Global investors are increasingly wary […]
China’s Yuan: No Devaluation Expected Amid U.S. Tariffs
Despite the imposition of U.S. tariffs, China is unlikely to devalue its yuan currency as a means of countering the economic impact. Economists and financial experts have confirmed […]
China Imposes 84% Tariff on U.S. Imports, Yuan Plunges to Multi-Year Low
A new round of trade tensions between the US and China has escalated with Beijing imposing a blanket tariff of 84% on all goods from the U.S., triggering […]
European Stocks Surge as Tariff Suspension Offers Stability
Stock futures across Europe saw significant gains following President Trump’s announcement of a 90-day tariff suspension. The move, seen as a positive step towards easing global market tensions, […]
Robert Kiyosaki Weighs In on Economic Reforms & Currency Concerns
Renowned financial author Robert Kiyosaki recently addressed concerns regarding mass unemployment in a recent post on X (formerly Twitter). He expressed alarm, but also emphasized the necessity of […]
Dollar Index Plummets: DXY Drops 40 Points to 102.11
The U.S. Dollar Index (DXY) experienced a significant downturn, dropping by 40 points according to BlockBeats data. The current value stands at 102.11.
UBS Forecasts EUR/USD Drop to 1.07, Sees Swedish Krona Strength
Major financial institution UBS recently released a Forex forecast that has sent ripples through the market. The prediction suggests a potential weakening of the Euro against the US […]
Asia FX Market Tremors: Tariff Fears and a BoK Rate Cut Send Waves Across Finance
The world of finance is experiencing tremors as the Asian FX markets react to a combination of geopolitical uncertainty, slowing global growth, and renewed tariff fears. This dynamic […]