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27 Feb 2018

Trump wants to revive steel industry jobs even if takes tariffs

US President Donald Trump wants to revive the US steel industry and create more jobs even if it means applying tariffs on imports from other countries, however, so far the White House has not made a final decision on the issue, according to Reuters report. 

Earlier this month, the Commerce Department recommended curbs on Chinese and Russian aluminum. 

Key quotes 

"I want to bring the steel industry back into our country. It that takes tariffs, let it take tariffs, OK? Maybe it will cost a little more, but we'll have jobs"

 

Feb 27, 2018

NZD/USD dips below 0.73 ahead of Powell testimony

NZD/USD is reporting moderate losses in Asia, courtesy of a dismal New Zealand trade data.  The currency pair ran into offers around 0.7320 after Sta
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Feb 27, 2018

PBOC set the Yuan reference rate at 6.3146

The People's Bank of China (PBOC) set the Yuan reference rate at 6.3146 vs. previous day's fix of 6.3378.  Also, the news is doing the rounds that th
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