Ruth Carson

1 month ago | investmentnews.com | Ruth Carson |John Cheng

by Ruth Carson and John Cheng From ditching US stocks for Chinese peers to buying the yen and the euro, traders are running for cover as they ponder how a US markets meltdown may unfold. Steady selling in US stocks turned into a stampede on Monday as recession jitters spread across Wall Street. Risk aversion spilled into Asia, and growing conviction that US exceptionalism is over spurred a rush into the relative safety of the yen, Australian government bonds and the offshore yuan.

1 month ago | news.bloomberglaw.com | Masaki Kondo |Ruth Carson

Call-put option spread set for biggest weekly drop since 2020US growth concerns and European momentum shift dollar outlookDollar options pointed to deepening doubts over the outperformance of the US economy amid a shift in sentiment toward the growth potential of other major economies around the world. A gauge showing demand for hedges against a rise in the dollar has seen its steepest slide since the height of market fears about the pandemic in 2020, according to data compiled by Bloomberg.

2 months ago | investmentnews.com | Ruth Carson |Abhishek Vishnoi

by Ruth Carson and Abhishek Vishnoi Growing speculation the new tariffs threatened by US President Donald Trump are mainly intended as a negotiating tool is undermining the popular trade of betting on the dollar. Bloomberg’s gauge of the greenback slid to a two-month low Friday after Trump ordered his administration to consider reciprocal tariffs to rebalance trade relations, efforts that may take weeks or months to complete.

2 months ago | investmentnews.com | Ruth Carson |Matthew Burgess

by Ruth Carson and Matthew Burgess The dollar rallied against most major currencies after US President Donald Trump said he would announce tariffs on steel and aluminum imports, spurring a renewed rush to the reserve currency. Norway, Canada and Australia’s currencies were among the losers against the greenback after Trump said he would announce 25% tariffs on the imports on Monday, with the duties applying to all countries.

Jan 21, 2025 | bloomberg.com | Ruth Carson |Matthew Burgess

Donald Trump’s first day in office has whipsawed global markets, with traders zeroing in on a warning over currency manipulation which may spark greater volatility ahead. A fact sheet from the new US administration that is yet to be made public has called for key federal agencies to address foreign-exchange manipulation by other countries, prompting strategists to ponder who will be targeted.