Adam Button

Toronto

Chief Currency Analyst and Managing Editor at ForexLive

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Articles

Forexlive Americas FX news wrap: US dollar rallies as the White House walks back tariffs

1 day ago | forexlive.com | Adam Button

White House reportedly mulling cutting China tariffs to de-escalate trade warWhite House would look at lowering tariffs pending talks with BeijingBessent: No unilateral offer from Trump to cut China tariffsUS Treasury Sec Bessent says Trump administration wants to help China &U.S. rebalanceSeveral OPEC+ members want the group to approve another accelerated oil output increaseS&P global manufacturing PMI for April 50.7 versus 49.1 estimate.
ECB's Lane: US dollar asset allocation has shifted to neutral from overweight

1 day ago | forexlive.com | Adam Button

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What does a 60% drop in US imports from China look like?

1 day ago | forexlive.com | Adam Button

Ryan Petersen from Flexport today highlights that it's been 3 weeks since large US tariffs were put on China and that ocean container bookings are down over 60% across the industry. He notes that the US imports $600 billion in goods (though I think the correct number is $460 billion) from China annually and those goods retail for around $2 trillion.
Leavitt: There will be no unilateral reduction in tariffs against China

1 day ago | forexlive.com | Adam Button

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Beige Book: Economic activity was little changed, outlook in some districts worsened

1 day ago | forexlive.com | Adam Button

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The Beige Book is coming up next

1 day ago | forexlive.com | Adam Button

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ECB's Knot: A US tariff of 25% on imports would lower GDP by about 0.3 pp

1 day ago | forexlive.com | Adam Button

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World Bank cuts Mexico 2025 GDP forecast to 0% from 1.5%

1 day ago | forexlive.com | Adam Button

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Why China's Xi will not call Trump

1 day ago | forexlive.com | Adam Button

This is an interesting note from the WSJ's Lingling Wei who notes that Chinese Presidents nearly never pick up the phone. Despite repeated signaling from the American president for his Chinese counterpart to call, Xi isn't calling. The Chinese might tell you that's just not how China works. The only instance in recent memory when a Chinese leader initiated contact with an American leader occurred on Sept. 11, 2001, when then-President Jiang Zemin sent a telegram of condolence to George W.
Bessent: No unilateral offer from Trump to cut China tariffs

1 day ago | forexlive.com | Adam Button

Says would not be surprised if China-US tariffs went down in a mutual way Declines to comment on earlier WSJ story Tariff rates are unsustainable Does not have time frame for start of China talks, will have to take place at lower levels than Trump-Xi With India, we are very close to a tariff deal Tariff negotiations will not be an extended process at all US-Japan talks don't have specific FX level targets I am expecting current tax policy to be extended and a great part of that to be...