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China is intensifying efforts to promote the yuan in global trade by enhancing cross-border financial services, responding to escalating trade disputes and protectionism. China's central bank has introduced a plan urging state-owned enterprises to prioritize the yuan for international payments and s

The Chinese Commerce Ministry said on Thursday that “there have not been economic and trade negotiations between China and the US.” Further quotesThere have not been economic and trade negotiations between China and the US.Any content about China-US economic and trade negotiations is 'groundless and

The Trump administration's efforts to undermine the independence of agencies like the SEC, the Consumer Financial Protection Bureau, and potentially the Federal Reserve, alongside escalating U.S.-China trade tensions and tariff uncertainties, are fueling a "Sell America" sentiment and contributing t

EU Mid-Market Update: No rest in a storm of volatility as China responds with matching 125% tariff; Doubt on US strategy and credibility weighing on US dollar. Notes/observations - A historically volatile week continues into weekend as China raises tariffs on US goods from 84% to 125%, matching the

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned on Tuesday that US tariffs, which were far larger than most market watchers anticipated, poses a real risk to US importers who have very few fallback options. Key highlights Tariffs are way bigger than anticipated. The Fed has to

The most highly anticipated week of the year and quite possibly the most pivotal moment in economic history took place last Wednesday with President Donald Trump sending shockwaves through the global economy after announcing reciprocal tariffs on more than 150 countries around the world. In a bold a

Japan’s Finance Minister Shunichi Kato said late Thursday that he is concerned about US tariffs that will impact the Japanese economy and could have a significant impact on trade systems. However, Kato does not comment on foreign exchange. Key quotes Warns tariffs could have a significant impact on

Euro (EUR) is likely to trade in a 1.0765/1.0820 range. In the longer run, EUR could pull back further; it does not appear to have enough momentum to break clearly below 1.0725, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. EUR is likely to trade in a 1.0765/1.0820 range 24-HOUR VIEW: