Live Updates

8 May 2025
Speculation about a US-UK trade deal boosts GBP/USD, with the pair rising to around 1.3350

GBP/USD climbs near 1.3350 on US-UK trade hopes; Fed cautious, Dollar supported by policy outlook.

8 May 2025
Plans for a U.S. sovereign wealth fund are being drafted by Treasury and Commerce departments

U.S. considering sovereign wealth fund using tariffs and assets to boost public benefit and economic security.

8 May 2025
According to a prominent Chinese media source, Beijing is set to maintain its trade principles without tariff reductions

US-China tariff tensions persist as Beijing defends interests; currencies and gold react amid trade uncertainties.

8 May 2025
During the Asian session, WTI crude oil trades at approximately $58.10 following a drop in US inventories

WTI oil rebounds on lower US inventories; trade tensions and tariff uncertainty pressure global demand outlook.

8 May 2025
Brazil’s central bank unanimously increased interest rates to 14.75%, emphasising the need for flexibility and vigilance

Brazil’s Central Bank raises Selic rate, highlighting inflation risks; future policy depends on evolving economic indicators.

8 May 2025
After the Fed’s rate decision, EUR/USD remains stable around 1.1300, reflecting traders’ apprehension

EUR/USD steadies near 1.1300 amid Fed’s cautious stance and rising expectations of July rate cuts.

8 May 2025
South Korea’s currency reserves decreased to a five-year low amid US trade tensions and interventions

South Korea’s forex reserves dip $5B in April amid currency stabilisation efforts; won rebounds 3.3%.

8 May 2025
The unemployment rate in Switzerland stayed steady at 2.8% for the month of April

Global markets steady as Swiss jobless rate holds; crypto surges past $3.1T amid policy shifts.

8 May 2025
Hawkesby noted New Zealand’s economy is subdued, with labour data reflecting a lack of confidence

Global market strains, tariff impacts, and economic uncertainty challenge New Zealand’s outlook amid slower global activity.

8 May 2025
After the Fed’s rate decision, the Mexican Peso appreciated against the US Dollar, trading at 19.61

Mexican Peso strengthens as Fed holds rates; USD/MXN drops amid economic uncertainty and rate cut expectations.

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