Forex News

UK Mortgage Approvals Fall Slightly; Consumer Credit Drops

UK mortgage approvals for house purchase decreased slightly in February, as changes in stamp duty from April 1 softened housing market activity, while consumer credit decreased from the last month, official data showed on Monday. Mortgage approvals for house purchases decreased 600 to 65,500 in February, the Bank of England reported. This followed a decrease of 400 in January.

RTTNews | 2 days ago

Bay Street Looks Headed For Weak Start

Canadian shares look headed for a weak start Monday morning, tracking a sell-off in global markets amid fears U.S. President Donald Trump's economic policies and possible retaliatory actions by targeted countries will fuel inflation, keep interest rates higher and drag down global economic growth.

RTTNews | 2 days ago

Dollar Edges Down Despite PCE Inflation Uptick

The Dollar Index edged lower during the week ended March 28, amidst turbulence related to trade tariffs and the release of hotter-than-expected PCE-based inflation readings.

RTTNews | 2 days ago

FTSE Notably Lower As Trade War Fears Hurt Sentiment

U.K. stocks are down firmly in negative territory on Monday, tracking weak global markets amid rising fears of a global trade war after the U.S. President Donald Trump said he will likely impose duties on "essentially all" of the U.S.'s trading partners.

RTTNews | 2 days ago

CAC 40 Down 1.7% On Stocks Fall On Tariff Jitters

The French stock market is down sharply a little past noon on Monday with investors pressing sales almost across the board amid rising fears of a global trade war following the U.S. President Donald Trump that he will likely impose duties on "essentially all" of the U.S.'s trading partners.

RTTNews | 2 days ago

DAX Down Sharply As Stocks Tumble On Tariff Worries

German stocks are down sharply around noon on Monday, ahead of the Trump Administration's "reciprocal tariffs," that will come into force this week. The details of the tariffs are not clear as yet, but the U.S. President had stated in an interview on Sunday that he will likely impose duties on "essentially all" of the U.S.'s trading partners.

RTTNews | 2 days ago

European Shares Slide On Tariff Worries

European stocks drifted lower on Monday after U.S. President Donald Trump said that upcoming tariffs would target all countries, stoking worries a global trade war could lead to recession.

RTTNews | 3 days ago

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Commodity Currency's Slide Amid Risk-off Mood

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Monday amid increased risk-off mood by the investors, as the markets are priming up for the new U.S. tariffs later in the week, primarily the 25 percent tariffs on auto and auto parts imports. The Japanese market is pulling down the markets with a 3.7 percent drop on concerns that the tariffs could hit domestic production and auto sector jobs.

RTTNews | 3 days ago