Dollar benefits from selling exhaustion, ECB cuts rates

The U.S. dollar strengthens after recent declines as the ECB cuts rates. Tariff discussions dominate the market, with mixed performance across various currencies and some stability in labor data.

Tariff-wounded stocks find no balm with Powell remarks

Carney faces off with chief rival during first Canada debate

Mark Carney and Pierre Poilievre debated for the first time in a key election moment, focusing on U.S. tariffs and economic issues like housing. Carney's leadership experience is highlighted.

ECB to cut rates again to help economy overcome trade turmoil

The European Central Bank is set to cut interest rates to support its economy impacted by U.S. tariffs, while future policy remains uncertain amid fluctuating market conditions.

Factbox-How hard have Trump and Musk layoffs hit US agencies?

Trump and Musk initiate drastic cuts to the U.S. government workforce, affecting various departments and resulting in over 260,000 job losses and significant downsizing efforts.

Trading Day: When the chips are down

Powell does not think Trump’s labor board firings case will apply to Fed

Fed Chair Jerome Powell reassured the Fed's independence amidst Supreme Court case linked to Trump's firings, emphasizing decisions will be based on analysis rather than political pressure.

Argentine peso recoups lost ground after FX control ease, Milei rules out intervention

Argentina’s peso surged 6.6% after capital controls lifted, ending the week at 1,125 per dollar, supported by rising deposit rates and increased foreign reserves.

Nearly 50 House Democrats say no to unauthorized AI in Trump administration

Congressional Democrats have requested the Trump administration to halt unauthorized AI usage in government spending, citing security risks and concerns about monitoring and legal compliance.

Fed’s Powell says markets orderly, downplays intervention risk

Federal Reserve Chair Jerome Powell indicated that the central bank is unlikely to intervene in market volatility despite uncertainties related to recent trade policy shifts.