Currency markets have gyrated during the first days of the new Trump administration with little sign of a clear direction.
The dollar’s sudden drop on a Wall Street Journal report that Trump is unlikely to implement immediate tariffs shows just how sensitive the currency is to tariff news, Ballinger said.
Oil’s declines accelerated after the WSJ reported that Trump isn’t planning to impose new tariffs on his first day in office.
Even as trading and dealmaking surge, lending growth is muted.
Seven & i Holdings reported a drop in nine-month net profit due to a weaker performance across segments.