The DXY rebounded sharply from 103.50 to 104.20 as fresh US tariffs on $300B of Chinese goods and China's retaliation sparked safe-haven buying. Bitcoin and Ethereum fell, while gold dropped 1.2%. Market awaits further trade policy cues.
The US Dollar Index rebounded 0.7% from two-week lows as new US tariffs on Chinese goods reignited safe-haven demand. Bitcoin and Ethereum dropped 3-4%, reflecting risk-off sentiment. Analysts warn of further downside in crypto if trade war escalates.
The US Dollar Index (DXY) rebounded sharply from 103.50 to 104.20 (+0.7%) after fresh US tariffs on $300 billion of Chinese goods reignited trade war fears. Gold and oil fell, while emerging market currencies slumped. Bitcoin held steady but risk appetite weakened, with funds potentially rotating into USD. Analysts weigh historical patterns and crypto implications.
Canada is reportedly exploring closer alignment with BRICS as US tariffs and deteriorating trade ties pressure Ottawa to diversify beyond its traditional dependence on the US market.
Canada is increasingly discussing BRICS membership as US tariffs on Canadian imports rise to 35%. The debate reflects Ottawa’s push to diversify trade ties, reduce reliance on the US, and respond to shifting global economic blocs.
Canada is reportedly exploring closer engagement with BRICS as US tariffs on Canadian imports rise to 35%, highlighting Ottawa’s push to reduce reliance on the US and diversify trade ties amid shifting global economic blocs.
Canada is increasingly discussing closer ties with BRICS as rising US tariffs strain bilateral trade. Economic pressure, industrial layoffs, and public support for reducing reliance on the US are fueling debate over Ottawa’s long-term strategic direction.
Canada is reportedly exploring closer engagement with BRICS as US tariffs on Canadian imports rise to 35%. The debate reflects mounting pressure to reduce reliance on the US and adapt to a shifting global trade order.
