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Navarro: Trudeau needs to recognize it is a drug war, not a trade war
It's a consistent talking point from White House officials today
Politics

China's UN envoy says will be filing a WTO complaint against US
Comments from China's UN envoy
China



Canada conservative leader Poillevre: Canada should use military for border surveillance
Mexico said they would deploy 10,000 national guard immediately to the border to avoid trafficking drugs to the US
USD

Canada conservative leader Poillevre: Canada should use military for border surveillance
Mexico said they would deploy 10,000 national guard immediately to the border to avoid trafficking drugs to the US
USD

Fed's Bostic: The current degree of uncertainty has broadened considerably
Atlanta Fed Pres. Bostic is speaking
Fed

Donald Trump considering hitting EU with 10% tariffs on imported goods - report
Telegraph report
EUR
USD

Donald Trump considering hitting EU with 10% tariffs on imported goods - report
Telegraph report
EUR
USD

Fed's Collins: Big tariffs will push up price levels, could also have second-round impacts
Comments from the Boston Fed President
Fed



Trump confirms that Mexican tariffs will be paused, says negotiations will start
What Trump said
Politics

Trump confirms that Mexican tariffs will be paused, says negotiations will start
What Trump said
Politics


Sheinbaum says had a good conversation with Trump. Tariffs paused for a month
Comments from the Mexican President
MXN


White House says negotiations on tariffs are ongoing
Indications so far is that Mexico is doing more than Canada
CAD
MXN

US construction spending for December 0.5% versus 0.2% estimate
US construction spending for December 2024
USD

US January ISM manufacturing 50.9 vs 49.8 prior
US January manufacturing survey from the Institute for Supply Management
USD

US January final S&P Global manufacturing PMI 51.2 vs 50.1 prior
US January S&P Global manufacturing PMI
USD

Canada January S&P Global manufacturing PMI 51.6 vs 52.2 prior
Canada January manufacturing sector survey
CAD

Trump says he just spoke with Trudeau and they will speak again at 3 pm ET
Is a deal coming together?
CAD
USD

Full transcript: What Kevin Hassett said today on CNBC on tariffs
The market has moved on comments from Hassett that suggest a path to a deal
CAD
USD
MXN


Hassett: There have been some positive conversations on tariffs
Comments from the White House NEC director
USD

WH economic council director says Trump will decide what he will or won't call off
Remarks by White House economic council director, Kevin Hassett
USD

ForexLive European FX news wrap: Dollar off the highs but risk stays on the defensive
Forex news from the European morning session on Feb 3, 2025
Session wrap
Wrap Europe

Risk stays heavy ahead of North America trading later
S&P 500 futures down 1.6% on the day
market overview

Trump tariffs to send Canada and Mexico into recession?
JP Morgan argues that it could end up being the case
market overview

Eurozone Preliminary HICP inflation rises to 2.5% YoY in January, as expected
The Eurozone Harmonized Index of Consumer Prices (HICP) advanced at an annual rate of 2.5% in January after increasing 2.4% in December, the official data released by Eurostat showed Monday.
Eurozone
Inflation
EconomicIndicator
EURUSD

Italy January preliminary CPI +1.5% vs +1.3% y/y prior
Latest data released by Istat - 3 February 2025
EUR

Eurozone January preliminary CPI +2.5% vs +2.4% y/y expected
Latest data released by Eurostat - 3 February 2025
EUR

Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Monday, according to FXStreet data.
Silver
Commodities
Metals

UK January final manufacturing PMI 48.3 vs 48.2 prelim
Final data released by S&P Global - 3 February 2025
GBP

ECB's Šimkus backs another 25 bps rate cut in March
Remarks by ECB policymaker, Gediminas Šimkus
ECB