AUD/USD gains ground following the release of domestic mid-tier economic data on Wednesday. US Treasury Secretary Bessent and Trade Representative Greer are set to meet with Chinese Vice Premier He Lifeng in Geneva. The Fed is expected to hold rates steady later in the North American session. The AUD/USD pair continues its upward momentum for […]
USD/CAD could face downside pressure as the US Dollar weakens, possibly due to rising trade tensions. President Donald Trump’s proposal to impose a 100% tariff on foreign-made films has heightened fears of renewed protectionist policies. The Canadian Dollar is rebounding in line with other G10 currencies, supported by fading recession concerns. USD/CAD is holding steady
EUR/USD edged lower on Monday as potential trade tensions weighed down market sentiment. President Donald Trump announced plans to initiate a 100% tariff on foreign-produced films, raising concerns over escalating protectionist policies. Eurozone Harmonized Index of Consumer Prices remained steady at 2.2% YoY in April, slightly above the expected 2.1%. EUR/USD is kicking off the
US President Donald Trump said late Sunday that he is authorizing the US Trade Representative and the Commerce Department to begin the process of imposing a 100% tariff on imports of foreign-produced movies. Market reaction At the time of press, the US Dollar Index (DXY) was down 0.05% on the day at 99.98. Tariffs FAQs Tariffs
The Australian Dollar maintains its position despite a disappointing Retail Sales MoM for March. The AUD may come under pressure as renewed fears of a global economic slowdown weigh on commodity markets. Trump signaled potential trade agreements with India, Japan, and South Korea, and voiced optimism about reaching a resolution with China. The Australian Dollar
EUR/GBP may depreciate due to weaker-than-expected preliminary April HICP data from the Eurozone’s largest economies. Markets have largely priced in a 25 basis point rate cut by the ECB at its June meeting. The Pound Sterling weakens as markets are now anticipating a BoE 25 basis point rate cut in May. EUR/GBP holds ground for
Australia’s trade surplus rose to 6,900M MoM in March versus 3,130M expected and 2,852M (revised from 2,968M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday. Further details reveal that Australia’s Exports climbed by 7.6% MoM in March from -4.2% (revised from -3.6%) seen a month earlier. Meanwhile, Imports fell by
The US Dollar trades marginally higher against most major currencies. President Trump lashed out at Fed’s Powell again during a rally in Detroit. The US Dollar Index is capped below the 100.00 round level ahead of key US data. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six
Online sports betting saw a huge spike in revenue in Q1. MGM Resorts International (NYSE:MGM) stock was surging on Monday, rising some 3% after the gambling stock released promising first quarter results within its BetMGM business. In its first quarter business update released on Monday, BetMGM reported a 34% year-over-year revenue increase in Q1. The
GBP/USD weakens to around 1.3425 in Tuesday’s early Asian session. Improved optimism over trade tension supports the US dollar and creates a headwind for the pair. Traders brace for the BoE’s Dave Ramsden speech later on Tuesday. The GBP/USD pair attracts some sellers to near 1.3425 during the early Asian trading hours on Tuesday, pressured
EUR/USD softens to around 1.1415 in Tuesday’s early Asian session. Bessent said it’s up to China to de-escalate the trade war. Traders raise their bets on the ECB rate reductions. The EUR/USD pair edges lower to near 1.1415 during the early Asian session on Tuesday. The Euro (EUR) weakens against the US Dollar (USD) amid
Indian Rupee steadies in Monday’s Asian session. Concerns over geopolitical tensions between India and Pakistan weigh on the Indian Rupee. Rising foreign inflows and lower crude oil prices might help limit the INR’s losses. The Indian Rupee (INR) holds steady on Monday. Rising tension with Pakistan could trigger a risk-off sentiment among traders, which might
The Australian Dollar remains under pressure as the US Dollar strengthens, supported by signs of easing US-China tensions. China’s move to exempt certain US imports from its 125% tariffs has sparked some optimism for better trade relations. The Federal Reserve is in its blackout period ahead of the May 7 Federal Open Market Committee meeting.
USD/CAD edges higher as the US Dollar strengthens due to optimism surrounding potential US trade deals. Washington appears to be making headway in early trade discussions with Asian allies, including South Korea and Japan. The Canadian Dollar remains under pressure as Trump suggested that the 25% tariff on Canadian auto imports could be raised. USD/CAD
China’s Finance Ministry said on Friday that the current world economic growth momentum was insufficient, with tariff and trade wars further impacting economic and financial stability, per Reuters. He called on all parties to further improve the international economic and financial system by strengthening multilateral cooperation. Key quotes Tariff wars and trade wars have further
The US Dollar halts decline and sees the DXY US Dollar Index trade around 0.50% lower. China says tariffs need to go first, before talks can start. The US Dollar Index remains capped below the 100.00 round level. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six
USD/CAD weakens as the Fed’s April Beige Book underscores the potential negative impact of tariffs on the economic outlook. The US Dollar also loses ground after the flash Composite PMI pointed to a slowdown in overall business activity. President Trump suggested the 25% tariff on Canadian auto imports to the US could be raised. USD/CAD
