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Dollar strengthens after China-US truce eases growth fears May 11, 2025 08:10PM

By Chuck Mikolajczak

NEW YORK (Reuters) -The dollar surged on Monday as the United States and China reached a deal to temporarily cut reciprocal tariffs and tamped down concerns that a trade war between the world's two biggest economies could lead to a global recession.

The U.S. will reduce extra tariffs it imposed on Chinese imports in April to 30% from 145% and Chinese duties on U.S. imports will fall to 10% from 125%, effective for 90... (continue reading...)


As dollar eyes third-weekly win, traders are doubling down on their bearish bets May 9, 2025 03:12PM

Investing.com -- The dollar looks set to notch its third-straight weekly win, but that hasn’t shaken the confidence of traders piling on bearish bets for the greenback to resume its slide, according to the latest Bank of America FX and Rates Sentiment Survey.

Shorting the dollar has emerged as the highest conviction trade for 2025, the survey found, with nearly a third of fund managers naming it their top idea. “Short USD is highest conviction trade&survey participants... (continue reading...)


Dollar set for weekly gain amid US trade deal optimism May 8, 2025 09:35PM

By Chibuike Oguh

NEW YORK (Reuters) -The dollar was on track for a weekly gain against major currencies, including the Swiss franc, yen and euro on Friday, after a U.S.-UK trade deal increased optimism about upcoming U.S.-China talks.

Financial markets headed into the weekend with the focus squarely on trade negotiations between Washington and Beijing due to begin on Saturday in Switzerland.

President Donald Trump announced on... (continue reading...)


Bank of England cuts rates in split decision before US tariff deal May 8, 2025 07:06AM

By David Milliken, Suban Abdulla and William Schomberg

LONDON (Reuters) - (This May 8 story has been corrected to say two-thirds of the impact is due to the direct effect of tariffs on demand for UK imports, not because of weaker global growth, in paragraph 16) The Bank of England cut interest rates on Thursday to tackle the expected hit from U.S. President Donald Trump's tariffs but a surprise three-way split among policymakers cooled expectations... (continue reading...)


BOE Cuts Key Rate By 25Bps To 4.25%; Est. 4.25% May 8, 2025 07:04AM

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