British Pound tumbles as UK turmoil, Iran risks lift USD

The GBP/USD pair extends on Friday its losses for the fourth straight day, poised to finish the week down more than 2% as political turmoil in the UK and increased speculation that Prime Minister Keir Starmer’s successor could widen fiscal deficits weigh on the currency. At the time of writing,…

Canadian Dollar hits fresh monthly lows as the US Dollar rallies in risk-off markets

The Canadian Dollar (CAD) extends losses against the US Dollar (USD) for the fourth consecutive day on Friday, with the USD/CAD pair trading in the mid-range of the 1.3700s after rallying about 0.5% so far this week. A combination of risk-off markets and higher US Treasury yields amid growing expectations of Federal Reserve (Fed) rate hikes is providing ideal conditions for Greenback buyers.The summit between US President Donald Trump and Chinese President Xi Jinping has…

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Trump says China will order 200 Boeing jets after Beijing talks

President Donald Trump said that Chinese President Xi Jinping agreed to order 200 Boeing jets during their high-level meeting in Beijing. Speaking in an exclusive interview with Fox News host Sean Hannity, Trump described his talks with the Chinese leader as “very good” and said the aircraft commitment exceeded Boeing’s…

Markets

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Short-seller Andrew Left’s trial entourage includes ‘Entourage’ creator

Andrew Left’s entourage at his securities fraud trial in Los Angeles on Thursday included a very famous “Entourage” guy — Doug Ellin, the creator of the hit HBO show. Loading audio narration… Business Insider spotted Ellin in court, watching as prosecutors laid out their case against Left. The famous short-seller…

Investing

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