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Dollar Gains After Two-Day Dip, Oil Holds Decline With Higher OPEC+ Supply | Bloomberg Daybreak:...
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May 6, 2025
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15:12Now PlayingA gauge of the dollar rose 0.3% after declining Monday as speculation around potential trade deals sparked an extraordinary spike in Taiwan's dollar and resonated across global foreign exchange markets. The MSCI Emerging Markets Currency Index rose 0.6% to a record. US stock futures edged lower after the S&P 500 halted its longest rally in about 20 years. We get a look at the market landscape with Suresh Tantia, Chief Investment Officer and APAC Strategist at UBS Global Wealth Management. He speaks to Bloomberg's Shery Ahn and Haidi Stroud-Watts.
Plus - oil dropped during New York's Monday session after OPEC+ agreed to another large output increase, raising concern that additional supply could lead to a global glut just as the trade war threatens demand. We get reaction from Vandana Hari, Founder at VANDA Insights.
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