ING says yen could turn as Bessent backs U.S.-Japan intervention
ING says the yen remains roughly 20% undervalued against the dollar, and Treasury Secretary Scott Bessent is backing the late-July…
Forex News
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Canada announces retaliatory tariffs on U.S. goods after trade talks collapse
Canada will impose tariffs on U.S. goods matching them dollar for dollar after trade talks between the two countries collapsed,…
New US Section 338 tariffs on Canada take effect with no deal reached
New U.S. Section 338 tariffs of 50% took effect on Canadian exports after no last-minute deal was reached, covering about…
BofA: Euro short-cover risk rises as CTA Treasury shorts hold steady
Bank of America says commodity trading advisors face rising odds of having to buy back euro shorts after this week's…
Dollar Index Nears Key Support at 95.55 as EUR/USD Eyes 1.20 Breakout
The Dollar Index has broken below its 38.2% retracement near 99.41 after Washington expanded Treasury bond buybacks, and a further…
