The Australian Dollar gains ground in Monday’s Asian session. China’s NBS Manufacturing PMI rose to 50.5 in March; Non-Manufacturing PMI climbed to 50.8. The RBA interest rate decision and US ISM Manufacturing PMI will be the highlights on Tuesday. The Australian Dollar (AUD) recovers some lost ground on Monday, bolstered by the encouraging Chinese economic […]
AUD/USD softens to around 0.6280 in Monday’s early Asian session. Global trade concerns ahead of potential US tariffs weigh on the Aussie. US core inflation climbed 2.8% YoY in February, hotter than expected. The AUD/USD pair trades in negative territory near 0.6280 during the early Asian session on Monday. The Australian Dollar (AUD) weakens due
The Indian Rupee softens in Friday’s Asian session. Month-end US Dollar demand, fears of a global trade war and higher oil prices weigh on the INR. The US February PCE inflation data will take center stage later on Friday. The Indian Rupee (INR) remains weak on Friday, pressured by month-end US Dollar (USD) demand from
The Bank of Japan (BoJ) published the Summary of Opinions from its March monetary policy meeting, with the key findings noted below. Key quotes One member said inflation is somewhat overshooting expectations. One member said wage hikes in spring wage talks are somewhat exceeding last year’s figures, with nominal wages rising at a pace in
NZD/USD appreciates as sentiment improves following S&P Global Ratings’ projection that New Zealand will be less affected by US tariffs. Bullish momentum persists in New Zealand equities, driven by signs of domestic recovery after country exited recession in Q4 2024. Federal Reserve Governor Adriana Kugler reaffirmed that the Fed’s interest rate policy remains restrictive and
Citing sources, the Toronto Star reported on Wednesday that Canada could be on the lower end of the April 2 tariffs. Key quotes Nothing is guaranteed.Trump may impose three escalating levels of tariffs.Despite a recent news report, the tiered approach is not on the table, the sources said it aligns with the government’s understanding of what’s about to
NZD/USD weakens to near 0.5725 in Tuesday’s early Asian session. Trump’s tariff policies and expectations of further RBNZ rate cuts continue to undermine the Kiwi. China’s stimulus measures might cap the downside for the pair. The NZD/USD pair extends the decline to around 0.5725 during the early Asian session on Tuesday. The New Zealand Dollar
GBP/USD Weekly Outlook: Pound Sterling corrects amid geopolitical, economic concerns The Pound Sterling (GBP) corrected after topping near 1.3000 against the US Dollar (USD) mid-week. However, the GBP/USD pair holds at its highest level in four months. Over the weekend, the US launched large-scale airstrikes on Yemen, targeting the Iran-backed militant group Houthis. In response,
The Indian Rupee remains stable, with USD/INR hovering near a seven-week low of 86.20. The INR faces potential headwinds from rising crude Oil prices amid ongoing geopolitical tensions in the Middle East. The US Dollar strengthens as risk aversion rises due to concerns over tariff policies. The Indian Rupee (INR) remains stable against the US
AUD/USD weakens as the US Dollar strengthens on safe-haven demand amid rising risk aversion driven by US tariff concerns. Fed Chair Jerome Powell acknowledged the difficulty in evaluating the broader inflationary impact of tariffs. The Australian Dollar faces pressure as traders reassess the RBA’s monetary policy outlook following disappointing jobs data. AUD/USD remains under pressure
The US Dollar is turning green and avoids a fresh five-month low in the US Dollar Index. Traders see Germany boost its spending by 0.5 trillion Euro. The US Dollar Index recovers from earlier declines as Putin and Trump are talking. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major
Here is what you need to know on Tuesday, March 18: Gold benefits from escalating geopolitical tensions and trades at a new record-high above $3,000 early Tuesday. The European economic calendar will feature Economic Sentiment data from Germany and Euro area Trade Balance readings. In the second half of the day, Industrial Production and housing
USD/CAD softens to around 1.4290 in Monday’s late American session. US Retail Sales rose softer than expected in February, weighing on the US Dollar. Crude Oil prices edge higher due to geopolitical risks, supporting the commodity-linked CAD. The USD/CAD pair remains on the defensive near 1.4290 during the late American session on Monday. The US dollar
The Indian Rupee gains traction in Monday’s Asian session. The weaker US Dollar broadly supports the INR, but higher crude oil prices might cap its gains. Investors brace for India’s February WPI inflation and US Retail Sales data, which are due later on Monday. The Indian Rupee (INR) strengthens on Monday. The concerns about slowing growth
EUR/USD may find support from improving risk sentiment amid a potential ceasefire discussion between Trump and Putin this week. The US Dollar remains steady as traders exercise caution before the upcoming Retail Sales data release. The Euro strengthened after Germany agreed on a debt overhaul and a significant increase in state spending. EUR/USD remains steady
Donald Trump’s envoy Steve Witkoff said on Sunday that he expected the US President to speak with Russian President Vladimir Putin this week, saying that Putin “accepts the philosophy” of Trump’s ceasefire and peace terms, per the Guardian. Last week, the United States and Ukraine decided to propose a 30-day ceasefire to Russia. While Putin said
Mexican Peso advances as USD/MXN plunges below 19.90, down over 1%. The Peso shrugs off Mexico’s weak industrial output and declining consumer confidence fueling recession concerns. US consumer sentiment plunges amid rising inflation expectations, driven by upcoming Trump administration tariffs. The Mexican Peso (MXN) rallied against the US Dollar (USD) on Friday, ignoring softer-than-expected economic
