OPEC output hits new low on Trump’s sanctions
OPEC oil output sank to a new five-year low in June as a rise in Saudi supply did not offset losses in Iran and Venezuela due to U.S. sanctions and other outages elsewhere in the…
Tag: trump
Big Dollar Awaits NFP Data and Trump Currency Tweets
Thursday July 4: Five things the markets are talking about Euro stocks have edged a tad higher while U.S stock futures are unchanged following Asia’s mixed session one day after new record highs for indexes…
Trump Says US-China Trade Deal Will Need to Favour America
Posted 34 minutes agoShare Print President Donald Trump said on Monday that trade talks with China were under way and any deal would need to be somewhat tilted in favor of the United States. Trump…
USD/CAD Canadian Dollar Higher on Trade Hope of G20 Trump-Xi Meeting
The Canadian dollar rose 0.20 percent on Thursday awaiting the outcome from the trade meeting between US President Trump and his Chinese counterpart Xi Jinping. The US dollar is mixed against major pairs on Thursday…
Trump to Decide on Tariffs After Meeting Xi Jinping at G20
Posted 7 minutes agoShare Print U.S. President Donald Trump’s decision on whether to impose a new round of tariffs on Chinese goods is contingent on the outcome of his meeting this weekend with Chinese President…
Trump Keeps Ruling Out Military Action Against Iran
Posted 4 minutes agoShare Print President Donald Trump said Wednesday “I hope we don’t” have a war with Iran, but it “would not last very long.” In an interview with Fox Business Network, Trump also…
Pain From Trump’s China Tariffs Spreads
President Donald Trump often cites China’s massive exports to the U.S. as a grave injustice hanging over the world economy. But lately it pays to look at Chinese imports for the pain that his tariff…
Trump Attacks Fed for Not Cutting Rates Last Week
Posted 6 minutes agoShare Print The Federal Reserve’s brief four-day respite from criticism by President Donald Trump ended abruptly Monday when the president tweeted that the central bank was acting like a stubborn child for…
Global oil ‘choke point’ in focus after Trump calls off military strike against Iran: What you need to know
The Strait of Hormuz, the world’s most sensitive oil-transportation choke point, remains in focus after the U.S. called off a retaliatory strike against Iran late Thursday for its downing on Wednesday of an American military…
Trump Eases Armed Conflict Anxiety, Prefers to Use Economic Pressure on Iran
Posted 56 minutes agoShare Print President Donald Trump on Friday said he was in “no hurry” to attack Iran, one day after he abruptly called off missile strikes against the country. In a series of…