foreign-exchange
InvestingStocks Pause, Currencies Mixed on Trump Tariff Concerns
BankingHSBC Loses Court Challenge Against $33.4 Million EU Cartel Fine
InvestingAsian Stocks Slide Amid Trump Tariff Worries, Yen Gains
InvestingMajor Currencies Regroup Before US Inflation Data
Companies Bolster Currency Hedges After Trump Win as Tariffs Loom
Date: November 27, 2024
By Laura Matthews and Saqib Iqbal Ahmed NEW YORK (Reuters) – Multinational companies are beefing up their foreign exchange hedging strategies to guard their overseas earnings from larger currency swings that could come from a second Donald Trump presidency. Since the U.S. election three weeks ago, strategists and bankers said they are seeing more interest...
Analysis-How Trump’s Mexico Tariffs Could Hurt Europe’s Auto Industry
Date: November 27, 2024
By Nick Carey LONDON (Reuters) – Donald Trump’s pledge to slap tariffs on imports to the U.S. from Mexico could be more damaging for European car makers like Volkswagen and Stellantis and their suppliers than any direct tariffs on EU goods, according to data, analysts and experts. U.S. president-elect Trump said he would impose a...
Analysis-How Trump’s Mexico Tariffs Could Hurt Europe’s Auto Industry
Date: November 26, 2024
By Nick Carey LONDON (Reuters) – Donald Trump’s pledge to slap tariffs on imports to the U.S. from Mexico could be more damaging for European car makers like Volkswagen and Stellantis and their suppliers than any direct tariffs on EU goods, according to data, analysts and experts. U.S. president-elect Trump said he would impose a...
Sterling Holds Steady as Trump Triggers Currency Swings
Date: November 26, 2024
By Harry Robertson LONDON (Reuters) – The pound was little changed on Tuesday, relatively unscathed after a threat from U.S. President-elect Donald Trump to ramp up tariffs on Canada, Mexico and China sparked volatility in currency markets. Sterling initially lost ground after Trump’s comments, reflecting its position as a “risk-sensitive” currency that tends to fall...
Dollar Retreats From 2-year Peak After Trump Treasury Nomination
Date: November 25, 2024
By Wayne Cole and Medha Singh (Reuters) -The dollar retreated on Monday after a stellar run as the pick for U.S. Treasury secretary seemed to reassure the bond market about fiscal discipline, pulling yields lower and shaving some of the currency’s rate advantage. Yields on 10-year Treasuries slipped 6 basis points to 4.361% as President-elect...
World Stocks, Bonds Bounce on Bessent Pick as US Treasury Secretary
Date: November 25, 2024
By Nell Mackenzie and Tom Westbrook LONDON/SINGAPORE (Reuters) -World markets cheered the selection of fund manager Scott Bessent as U.S. Treasury Secretary on Monday on hopes he might restrain debt levels, while falling yields weighed on the dollar and commodities such as gold and crude declined. Wall Street looked to open higher after Donald Trump...