New U.S. Tariffs Hit Chinese Packages: What Shippers Need to Know 
Asian Stocks Rebound as Trump Delays Tariffs on Canada and Mexico 
Global Stocks Slide as Trump’s Tariffs Fuel Trade War Fears 
U.S. Manufacturing Expands Amid Tariff Uncertainty 
Stocks Rally as Earnings Offset US-China Trade War Fears 
China’s Markets Reopen Amid U.S. Trade Tensions and AI Boom 
Stock Market Dips as Trump’s Tariff Plans Spark Uncertainty 
South Korea’s Retail Sales Decline Amid Political Unrest and Weak Consumer Spending 
Trump’s 25% tariffs on Canada and Mexico amp up the risk of a broader trade war 
Dollar Surges as Trump Imposes New Tariffs, Global Markets React 
Canada Fights Back: Challenges U.S. Tariffs with Legal Action and Retaliatory Measures 
China Hits Back with New Tariffs on U.S. Goods After Trump’s 10% Levy 
Scholz Warns Against Trade Barriers as EU Eyes Response to U.S. Tariffs 
U.S. Warns Panama Over China's Influence on Canal Operations 
Trump Pauses Tariffs on Canada Following Border Security Agreement 
Oil Prices Surge as Trump’s Tariffs Spark Supply Concerns 
On October 24, 2024, the forex markets saw some significant movements influenced by economic data and market feelings. Here are the main points:
EUR/USD Movement: The EUR/USD pair bounced back, trading above 1.0800 after Germany and Eurozone released PMI data showing a slower contraction in economic activity, which helped the Euro against the US Dollar.
GBP/USD Performance: The GBP/USD pair held steady around 1.2950 even though the UK's preliminary Composite PMI dropped slightly from 52.6 to 51.7, making it harder for the Pound to strengthen further.
Market Sentiment: The US Dollar was strong overall due to investors seeking safety ahead of the upcoming US presidential election, putting pressure on other currencies like the Euro, which struggled with slow growth data from the Eurozone.
The USD/JPY pair fell to about 152.04, down 0.48% from the previous day, showing that the yen is losing value amid political uncertainty in Japan ahead of the weekend's general election. This decline is influenced by a stronger US dollar due to rising Treasury yields and good economic data from the U.S. Additionally, Japan's private sector activity shrank for the first time in four months, raising concerns about future monetary policy from the Bank of Japan. Traders are cautious as they wait for election results, and the government is monitoring currency movements closely due to recent volatility.
Gold Prices: Gold prices climbed back to about $2,736-$2,737, supported by a weaker US Dollar, making it a more attractive investment.
Overall, forex traders reacted to mixed economic signals and global factors, causing fluctuations in major currency pairs on that day.
