The US dollar gained strength as investors reacted to growing concerns about new trade tariffs. Market participants closely monitored economic policies that could impact global trade, with fears of potential disruptions driving demand for the greenback. As uncertainty surrounded key trade negotiations, safe-haven assets like the US dollar attracted more interest, pushing its value higher
The Canadian dollar strengthened following the release of better-than-expected labor market data, boosting investor confidence in the economy. The loonie saw gains against major currencies as Canada’s unemployment rate dipped unexpectedly in January, signaling resilience despite high interest rates and inflation concerns. The strong employment numbers reinforced market expectations that the Bank of Canada might
Canada’s labor market showed surprising strength in January as the unemployment rate declined unexpectedly, defying forecasts of a potential rise. The latest employment data revealed that more jobs were added than anticipated, signaling resilience in the economy despite concerns over high interest rates and inflation. The jobless rate, which had been edging higher in previous
Former U.S. President Donald Trump made waves at the World Economic Forum in Davos with a speech that sent shockwaves across global markets and political circles. His remarks, which included strong rhetoric on trade, military alliances, and economic policies, were perceived as a direct challenge to world leaders and international institutions. Trump’s speech, delivered to
The euro is set to record its biggest weekly loss of 2025, following the European Central Bank’s (ECB) recent decision. The ECB’s unexpected dovish stance, along with hints of a potential pause in interest rate hikes, has caused the euro to weaken significantly against the US dollar and other major currencies. This shift comes after