USD/CAD falls further to near 1.4250 amid strength in the Canadian Dollar. Investors doubt that the BoC will continue reducing interest rates after the release of the hot CPI report for February. The risk sentiment remains cautious as US President Trump is expected to announce significant tariffs on April 2. The USD/CAD pair extends its […]
Commodity currencies are finding a bid in Asian session today, though still largely range-bound against Dollar. A sharp rally in Copper prices, driven by US tariff fears, is likely giving Aussie a tailwind, countering lingering drag from today’s slightly weaker-than-expected inflation data. Meanwhile, Loonie is benefitting from speculation that Canada may be assigned lower tariffs
Gold price ticks lower on Wednesday amid some USD dip-buying. A positive risk tone further weighs on the safe-haven precious metal. Trade jitters, US recession fears, and Fed rate cut bets help limit losses. Gold price (XAU/USD) struggles to capitalize on the previous day’s move higher and attracts some intraday sellers during the Asian session
Dollar is once again under pressure as markets head into the US session, with its recent rebound losing steam in the absence of any clear-cut catalyst. While new headlines on tariffs continue to emerge almost daily, these “leaks” could only be seen as reflective of ongoing deliberations within the White House, rather than firm policy.
Gold price edges higher and snaps a three-day losing streak amid a softer USD. Bets that the Fed will resume its rate-cutting cycle soon also support the bullion. Traders now look to Tuesday’s US macro data and Fed speak for a fresh impetus. Gold price (XAU/USD) sticks to modest intraday gains through the early European
Financial markets entered Tuesday on a subdued note, with the Asian session notably quiet. While US stocks managed a rebound overnight on speculation that the April 2 “Liberation Day” tariff rollout might be narrower in scope than initially feared, sentiment failed to fully carry into Asia. Equity indices across the region were mixed, reflecting ongoing
The safe-haven Japanese Yen continues to be undermined by the upbeat market mood. The USD sits near a multi-week top set on Monday and also lends support to USD/JPY. The divergent BoJ-Fed expectations warrant caution before placing fresh JPY bearish bets. The Japanese Yen (JPY) recovers slightly after touching a three-week trough against its American
USD/CAD struggles to gain any meaningful traction on Monday amid mixed cues. Fed rate cut bets prompt some USD selling and act as a headwind for the major. Softer Oil prices and Canadian politics undermine the Loonie and lend support. The USD/CAD pair kicks off the new week on a softer note amid the emergence
The dominant trends that shaped Q1 in global markets appear to have run their course, with most major assets entering consolidation phase last week. US stocks staged a mild recovery from steep selloff since mid-February, but upside momentum was notably weak. Meanwhile, Dollar, which had been under pressure throughout March, appeared to find a near-term
The Pound Sterling declines to near 1.2920 against the US Dollar as the Fed is not in a rush to move to interest rate cuts. The Fed sees high uncertainty over the US economic outlook amid new policies from US President Trump. BoE Bailey is confident that interest rates are on a gradually declining path.
Asian markets are showing signs of mild risk-off sentiment today, with Hong Kong and China stocks retreating from recent gains. The weaker regional tone contributed to a stronger Yen. Additionally, Yen’s rebound is also fueled by post-FOMC Dollar softness. The technical picture suggests that the recent pullback in Yen against Dollar has likely run its
Dollar is recovering across the board as markets enter the US session, though the move appears to be more caution-driven than a shift in sentiment. With FOMC rate decision looming, traders are taking a more neutral stance rather than doubling down on Dollar’s recent weakness. Fed is widely expected to keep rates steady at 4.25-4.50%,
EUR/USD faces selling pressure near 1.0950 as the US Dollar strengthens ahead of the Fed’s monetary policy decision. The Fed is expected to keep interest rates steady in the range of 4.25%-4.50%. The Euro drops despite German leaders agreed on increasing the borrowing limit in the lower house of Parliament. EUR/USD corrects to near 1.0900 in Wednesday’s
Dollar remains under pressure as markets await FOMC rate decision and, more crucially, the updated economic projections. While the central bank is widely expected to hold rates steady at 4.25-4.50%, traders are looking for any signs that Fed officials are adjusting their outlook in response to mounting trade tensions. Meanwhile, US stocks saw another selloff
The Greenback remained under heavy pressure, retreating for the third day in a row and revisiting the area of multi-month troughs amid rising prudence ahead of the FOMC event on Wednesday, tariffs fears and geopolitical jitters. Source link
The Japanese Yen attracts sellers for the third consecutive day amid a positive risk tone. A modest USD bounce from a multi-month low further lends support to the USD/JPY pair. The divergent BoJ-Fed expectations might cap the pair ahead of central bank event risks. The Japanese Yen (JPY) retains its negative bias amid a modest
EUR/USD rises to near 1.0900 to start the week as investors await the Fed’s monetary policy decision on Wednesday. The Fed is widely anticipated to keep interest rates steady as the focus shifts to the dot plot and Powell’s comments. Greens’ signal to German debt restructuring deal and optimism over Russia-Ukraine peace could strengthen the Euro.
