ForexLive European FX news wrap: Risk gains on hope of better days to come

Forex news from the European trading session – 6 April 2020 Headlines: Markets: AUD leads, JPY lags on the day European equities higher; E-minis up 3.8% US 10-year yields up 5.5 bps to 0.65% Gold up 1.3% to $ 1,642.25 WTI down 2.7% to $ 27.57 Bitcoin up 5.9% to $ 7,101 The market is […]

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Trump says he likes the concept of sending additional economic relief checks to Americans

I wonder if someone will remind him the first lot have not been even been sent!  Anyway, the point is Mr. T here saying he is not averse to further stimulus money ahead. He likes the idea of further infrastructure spending also.  ForexLive Let’s block ads! (Why?) Forexlive RSS Breaking news feed

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Trump says he will, if he has to, put tariffs on oil imports – to protect energy workers, companies

Earlier reports were that US and Canadian officials  are discussing putting tariffs on oil from Russia and Saudi Arabia, link here  U.S. President Donald Trump said on Friday he was not considering tariffs but they could be levied “if we’re not treated fairly.” On Saturday he firmed up his position:  “If I have to do tariffs on […]

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Canada and US discuss tariffs on Saudi/Russian oil imports – report

US and Canada could block oil imports US and Canadian officials are discussing putting tariffs on oil from Russia and Saudi Arabia if the pair don’t quickly reach a deal to curb production, the FT reports. Alberta’s Premier said he had discussions with Washington about tariffs and US officials confirmed that the DOE was studying […]

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Pound Under Pressure as U.K. Services Suffer Worst Month Ever

© Reuters. By Yasin Ebrahim  Investing.com – The pound continued its selloff against the dollar on Friday, as the U.K. services sector suffered its worst month on record, exacerbating fears about the strength of the economy at a time when business activity has ground to a halt following a nationwide lockdown last week. fell 1.15% […]

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Russian producers ready for oil output cuts if US and Saudi also join in – report

Bloomberg reports, citing five people familiar with the matter The report says that Russia is ready to agree to oil output cuts together with Saudi Arabia and other major producers in a bid to try and halt the decline in oil prices. The sources cited say that Russian producers are ready for coordinated action, although […]

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Euro, yen swap spreads stabilize, show less demand for U.S. dollars

© Reuters. FILE PHOTO: A U.S. dollar banknote is pictured behind a protective mask in this illustration By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The cost of raising U.S. dollar funds in the yen and euro swaps market stabilized on Thursday, with premiums favoring the other two currencies suggesting that demand for the greenback had […]

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Forex – Dollar Edges Lower; Petro Currencies Gain on Trump Comments

© Reuters. By Peter Nurse Investing.com – The dollar edged lower in European trading Thursday, with investors seemingly prepared to move out of the safe haven into riskier currencies ahead of key U.S. unemployment data. At 3 AM ET (0700 GMT), the , which tracks the greenback against a basket of six other currencies, stood […]

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