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2 weeks ago | 
bnnbloomberg.ca | Ruth Carson |Abhishek Vishnoi
The carnage in financial markets unleashed by U.S. President Donald Trump’s tariffs is continuing unabated as equities get pummeled and U.S. stock futures show that last week’s $5 trillion wipeout isn’t over. S&P 500 futures pointed to a loss of about 5% when Wall Street starts trading. Treasuries rallied, pushing the 10-year yield to 3.9%. From Shanghai to London, investors bailed on any kind of risky asset. Europe’s Stoxx 600 tumbled 6% and Asia’s index posted its steepest loss since 2008.
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1 month ago | 
fa-mag.com | Ruth Carson |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.
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1 month ago | 
fortune.com | Ruth Carson |John Cheng
Rising fears of a slowdown fueled a 3.8% plunge in the Nasdaq 100 on Monday. Kiyoshi Ota/Bloomberg via Getty Images
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2 months ago | 
fa-mag.com | Ruth Carson |Masaki Kondo |Alice Gledhill
US bond markets are flashing a warning to US President Donald Trump that his move to unleash tariffs on top trading partners risks fueling inflation and stymieing growth. Short-end Treasury yields rose as much as eight basis points to 4.28% on Monday as longer-dated rates held steady, flattening the curve by the most since November.
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Dec 2, 2024 | 
news.bloomberglaw.com | Ruth Carson |Matthew Burgess
Donald Trump’s pressure on countries around the world to stay anchored to a US-dollar-based financial system is a tactic that risks backfiring, market watchers say. Dollar dominance looks set to continue for the foreseeable future and emerging nations’ idea of setting up their own single currency is “hot air,” said Mark Sobel, a retired 40-year veteran of currency policy who worked at the US Treasury.
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Dec 2, 2024 | 
finance.yahoo.com | Ruth Carson |Matthew Burgess
(Bloomberg) -- Donald Trump’s pressure on countries around the world to stay anchored to a US-dollar-based financial system is a tactic that risks backfiring, market watchers say. Dollar dominance looks set to continue for the foreseeable future and emerging nations’ idea of setting up their own single currency is “hot air,” said Mark Sobel, a retired 40-year veteran of currency policy who worked at the US Treasury.
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Nov 25, 2024 | 
bnnbloomberg.ca | Ruth Carson
(Bloomberg) -- The dollar gained, erasing a chunk of Monday’s decline, after President-elect Donald Trump said the US will impose more tariffs on key trading partners. China’s offshore yuan fell 0.4% against the greenback after Trump said he would impose an extra 10% tariffs on goods from China. He also vowed to enact 25% tariffs on all products from Mexico and Canada, sending their respective currencies tumbling more than 1% each.
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Nov 21, 2024 | 
bloomberg.com | Masaki Kondo |Ruth Carson
New Zealand’s dollar dropped to a two-year low against its Australian counterpart on rising speculation the former’s central bank will cut the official cash rate by more than half a percentage point next week. The kiwi dollar weakened as much as 0.6% to 1.1180 per Australian dollar, the lowest since October 2022. New Zealand’s currency fell to a one-year low versus the greenback and the nation’s short-dated bond yields also slid.
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Nov 18, 2024 | 
msn.com | Masaki Kondo |Ruth Carson
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Nov 18, 2024 | 
yahoo.com | Masaki Kondo |Ruth Carson
(Bloomberg) -- Two of the world’s biggest foreign holders of US government debt offloaded a pile of Treasuries in the third quarter as they rallied before the presidential election. Most Read from BloombergJapanese investors sold a record $61.9 billion of the securities in the three months ended Sept. 30, data from the US Department of the Treasury showed on Monday. Funds in China offloaded $51.3 billion during the same period, the second biggest sum on record.
