US Launches Five WTO Challenges to Retaliatory Tariffs
US Launches Five WTO Challenges to Retaliatory Tariffs – Reuters
The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico and Turkey following US duties on steel and aluminum.
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Dollar Settles After Biggest Weekly Rise in a Month
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Dollar Settles After Biggest Weekly Rise in a Month – Reuters
The dollar edged down on Monday, having notched up its biggest weekly gain in a month last week as investors raised their long bets to the highest level since early 2017, although concerns the economic rebound may be fading has prompted caution about the outlook.
Former Trader Convicted in Euribor Rigging Trial
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Former Trader Convicted in Euribor Rigging Trial – Financial Times (subscription)
A former star trader at Barclays has been found guilty of conspiracy to defraud in relation to the Euribor lending rate, while one other defendant was acquitted and the jury failed to reach verdicts for three others.
Sterling Edges Up Ahead of UK Brexit Blueprint
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Sterling Edges Up Ahead of UK Brexit Blueprint – Reuters
The pound rose as traders bet that a Brexit white paper policy document could help restart negotiations on trade between the European Union and Britain for when it leaves the bloc next March.
US Threat of More Tariffs on China Hits Yuan, Aussie
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US Threat of More Tariffs on China Hits Yuan, Aussie – Reuters
The Chinese yuan skidded toward an 11-month low and the Australian dollar fell after the Trump administration threatened 10 percent tariffs on $200 billion worth of Chinese imports in an escalating trade conflict.
Dollar Strengthens as Trade War Fears Fade, Risk Appetite Returns
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Dollar Strengthens as Trade War Fears Fade, Risk Appetite Returns – Reuters
The Chinese yuan rebounded and the dollar strengthened broadly as investors bought riskier assets, encouraged by signs that trade tensions have yet to hurt economic momentum.
Sterling Rallies as Investors Bet ‘Softer Brexit’ More Likely After Resignation
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Sterling Rallies as Investors Bet ‘Softer Brexit’ More Likely After Resignation – Reuters
Sterling rallied as traders bet that the resignation of Britain’s Brexit minister would not endanger the prime minister and instead focused on the government’s newly-announced plan that markets believe makes a “soft Brexit” more likely.
Dollar Falls as US Tariffs Kick In; US Jobs Data Eyed
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Dollar Falls as US Tariffs Kick In; US Jobs Data Eyed – Reuters
The dollar fell as US tariffs on Chinese imports took effect, but a muted reaction in currency markets suggested the escalation had largely been priced in by investors focussing on a US jobs report due later in the day.
Strong German Industry Data Pushes Euro to Near Three-Week High
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Strong German Industry Data Pushes Euro to Near Three-Week High – Reuters
The euro climbed half a percent to near three-week highs following strong German data, though gains were capped before the release of Fed minutes later in the day. Read More
Sterling Rises as UK Services Data Builds Case for Rate Hike
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Sterling Rises as UK Services Data Builds Case for Rate Hike – Reuters
The pound rose after a survey showing Britain’s dominant services industry gained momentum last month fuelled expectations of a Bank of England interest rate hike this summer. Read More