BRAZIL THREATENS TO FILE TRADE COMPLAINT AGAINST THE US
President Lula warns Brazil will respond if the US imposes tariffs on aluminum and steel imports.
Brazil may retaliate with trade measures and file a complaint with the WTO.
This follows Trump’s potential tariff imposition on Brazilian products.
AUD/USD is trading slightly lower, below 0.6300, on Wednesday in Asian markets. Investor sentiment is affected by concerns about a trade war. The Australian dollar is considered a "risk-sensitive" currency, meaning it is affected by such concerns. Markets are also cautious ahead of the release of
GOLD SEES RECOVERY RALLY HALT NEAR $2,912 Gold’s rally paused near $2,912 after a surge in the European session on Tuesday. A possible German defense spending deal weakened the US Dollar, supporting Gold. Traders are reversing weekly losses, sending Gold into positive territory for the week. Gold
VOLKSWAGEN SEES LIMITED GROWTH IN 2025 AMID GLOBAL TRADE TENSIONS Volkswagen expects only modest growth in 2025 due to global trade tensions and competition. The company anticipates a maximum sales revenue increase of 5% compared to 2024. Expected operating return on sales to be between 5.5% and 6.5%
Gold prices increased on Tuesday. The U.S. dollar became weaker. Investors bought gold as a safe investment. They are waiting for U.S. inflation data. The data will help understand the Federal Reserve’s next moves. There are concerns about trade tensions and slow economic growth. This follows tariffs