Trump, canadian dollar and Tariff
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Gold and silver prices rallied early in June as war broke out between Israel and Iran, but subsequent news of a ceasefire limited the increase.
The Indian rupee weakened on Thursday on the back of dollar bids from foreign banks and a broadly stronger greenback, after U.S. President Donald Trump continued to up the ante on tariffs by announcing a 35% levy on Canadian imports starting August 1.
Chinese traders are pulling back from the dollar, helping ease a shortage that has rattled the banking system and setting the yuan up for further gains.
Savvy shoppers who want to save money on their summer shopping list are price matching to see which retailer gives them the most bang for their buck. Two retailers that boast low prices, Dollar
NPR reported that Harvard University economics professor Kenneth Rogoff said the dollar hasn't weakened this much since then-President Richard Nixon canceled the convertibility of the dollar to gold in the 1970s.
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The International Monetary Fund's data on reserve currency holdings for the first quarter show few signs of major shift away from the dollar, Nomura analysts said in a note. The share of reserves held in dollars was little changed at 57.
The U.S. Department of Justice's Antitrust Division and the U.S. Federal Trade Commission cleared three deals that were together worth $63 billion in June, illustrating how FTC Chairman Andrew Ferguson and DOJ antitrust head Gail Slater are taking a different tack from their predecessors.
A troubling shift in the dollar’s trading relationship with U.S. stocks has eased somewhat over the past few weeks.