After three consecutive sessions of sharp declines, the US dollar faced increased pressure as President Donald Trump expressed no concern about this development.
US President Donald Trump announced increased import tariffs on South Korean automobiles, timber, and pharmaceuticals, accusing the country of failing to uphold its trade agreement.
The European Parliament (EP) indicates it may resume the ratification process for a trade agreement with the US, following Trump's withdrawal of tariff threats.
Lars Klingbeil suggests parties should not expect too much too soon, despite President Trump's claim of a Greenland agreement and withdrawal of tariff threats.
Safe-haven demand, following the US president's threat of increased tariffs on Europe, has driven gold prices close to 4,690 USD and silver near 95 USD an ounce.
US officials have aggressively rolled back emissions and electric vehicle regulations, asserting these changes will help reduce car prices for consumers.
US officials believe Canada will "regret" its decision to allow the import of up to 49,000 Chinese electric vehicles under a new trade agreement with Beijing.