20:36 2025-04-03
Tariff wave upends markets, dollar gives up all gains since Trump's election victoryThe dollar has erased all gains it has made since Mr. Trump won the election in November as a new wave of tariffs upends global markets. "A bear market in the dollar has arrived and it's roaring," said Paresh Upadhyaya, director of fixed income and currency strategy at Amundi, adding that the dollar could fall 10 per cent this year as the US "teeters on the brink of recession". This is in stark contrast to earlier this year when Mr. Trump's policy plans such as tax cuts and tariffs were seen as ...
20:27 2025-04-03
Matcha, a decentralized transaction aggregator developed by 0x, has been extended to Solana.Matcha, a decentralized transaction aggregator developed by 0x, has been extended to Solana, becoming one of the first DEX aggregators to support transactions on SVM and EVM-compatible blockchains and enabling this functionality through a single application.
Will Warren, co-founder and CEO of 0x and Matcha, said in a statement: "We are excited to bring Matcha to Solana, enabling traders to seamlessly access the Solana and EVM ecosystems in one place.
20:15 2025-04-03
Federal Reserve Vice Chairperson Jefferson: Trade policy remains highly uncertain and requires time to evaluateOn Thursday, Federal Reserve Vice Chairperson Jefferson declined to give any details on how the Trump administration's sweeping tariffs would affect his views on the outlook for the economy and monetary policy, though he appeared to hint at some concerns that it could have a dampening effect on economic growth. "There is still a lot of uncertainty about trade, and that uncertainty will certainly weigh on household and business investment," Jefferson said in response to a question about trade pol...
20:15 2025-04-03
Goldman Sachs: US growth shock means Fed will be in "some degree of rate cut mode"Ashish Shash, chief investment officer at Goldman Sachs Asset Management Public Investments, said the "growth shock" currently facing the US meant that the Fed was "going to go into some sort of rate-cutting mode this year, beyond what was expected six weeks ago or two months ago". "What we're seeing in the bond market is a reasonable pricing of the Fed opening its window, or the market is saying the Fed may actually have to ease policy further," Mr. Shash said. He added that recent economic dat...
20:12 2025-04-03
Analysts: Trump administration's "bad math" sparks market fearsWall Street's fear index surged on Thursday as investors were alarmed by Trump's historic tariff hike. While U.S. stocks and blue-chip stocks like Apple tumbled, the VIX Volatility Index, also known as the "fear gauge," surged 30 percent, heading toward the highest level since the Federal Reserve pushed it in December.
20:09 2025-04-03
Deutsche Bank warns that the dollar faces the risk of a broad "crisis of confidence"The dollar is at risk of a crisis of confidence if US President Donald Trump's trade war causes investors to dump US assets accumulated over the past decade, according to Deutsche Bank. "We are in the midst of a dramatic market shift," George Saravelos, global head of foreign exchange strategy at the bank, wrote in a note to clients. "Given the magnitude of these moves, we are increasingly concerned about the risk of a broader crisis of confidence in the dollar."
20:09 2025-04-03
Economists slash U.S. growth forecasts, raise inflation forecastsWall Street economists say the United States is at risk of a recession this year after the Trump administration announced massive tariffs on global trading partners, with inflation likely to return to epidemic levels. With new import tariffs in mind, U.S. GDP is expected to grow by 0.6 percent in 2025, Nomura said, raising a key measure of potential inflation to 4.7 percent. Barclays Economics...