Deputy Treasury Secretary Faulkender: US Dollar to remain the world's reserve currency

United States (US) Deputy Treasury Secretary Michael Faulkender hit newswires on Tuesday, noting that despite ongoing market tensions and investor concerns about US economic stability, demand for US Treasuries and US Dollar demand remain high.

Key highlights

The Treasury 10-year auction today went fantastic.

The (US Dollar) will continue to be the world reserve currency.

I am not seeing any issues in the Treasury market.

May 6, 2025

Mexican Peso firms as US trade deficit widens, Trump softens tariff rhetoric

The Mexican Peso recovered some ground on Tuesday against the Greenback as traders digested the latest Trade Balance figures of the United States (US), which showed the trade deficit widened.

Canadian PM Carney: This is the point at which a serious conversation begins

Following a joint press conference between Canadian Prime Minister Mark Carney and United States (US) President Donald Trump, Canadian PM Carney followed up with a press conference of his own, adding some much-needed clarity to the discussions that have begun between Canada and the US about trade st