EUR/USD briefly heads back to 1.0900 on a flurry of headlines on Friday. The World Trade Organization could examine if US President Trump’s tariff policy is illegal. Markets have a sign of relief on the odds of a spending bill being passed, avoiding the US government shutdown, later this Friday. The EUR/USD pair edges higher […]
Senate Democratic Leader Chuck Schumer announced late Thursday that he plans to vote to keep the government open as the chamber prepares to take up a GOP stopgap bill continuing government funding Friday. Key quotes I believe it is my job to make the best choice for the country, to minimize the harm to the American
NZD/USD gains traction to around 0.5740 in Thursday’s early Asian session. Trump’s unpredictable announcements on tariffs undermine the US Dollar. China’s deflationary pressures might cap the upside for China-proxy Kiwi. The NZD/USD pair extends its upside to around 0.5740 during the early Asian session on Thursday, bolstered by the weaker US Dollar (USD). The US Producer
The US Dollar trades broadly in the red on Tuesday, devaluing further against most major peers. The German Green coalition is said to be back on track for a defense spending bill. The US Dollar Index heads to the lower range of 103.00 and could break below it. The US Dollar Index (DXY), which tracks
The Australian Dollar appreciates as the US Dollar faces challenges as concerns over tariff uncertainties deepen. Westpac Consumer Confidence climbed 4% to 95.9 in March, up from 92.2 in February, reaching its highest level in three years. President Trump described the economy as being in a “transition period,” signaling a potential slowdown. The Australian Dollar
China’s Minister of Housing and Urban-Rural Development, Ni Hong, said on Sunday that the country’s property sector has shown positive change with market confidence improving. Hong further stated that the government will promote the purchase of existing housing and expand urban village renovation, per Reuters. Key quotes Said that the country’s property market is showing
The US Dollar Index depreciates as market expectations grow for more aggressive Fed rate cuts amid US growth concerns. President Trump exempted Mexican and Canadian goods under the USMCA from his proposed 25% tariffs. The US Nonfarm Payrolls is projected to show job growth, with employment rising to 160K in February. The US Dollar Index
UR/JPY gains momentum to near 161.15 in Thursday’s early European session. The concerns over tariff risks on Japan might contribute to the JPY. The ECB is anticipated to cut interest rates at the March meeting on Thursday. The EUR/JPY cross extends the rally to around 161.15 during the early European session. The Japanese Yen (JPY)
Australia’s trade surplus increased to 5,620M MoM in January versus 5,500M expected and 4,924M (revised from 5,085M) 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 rose by 1.3% MoM in January from 1.2% (revised from 1.1%) seen a month earlier. Meanwhile, Imports declined by
XAU/USD climbs to $2,888 as markets brace for tariffs, weaker US growth Gold snaps a two-day losing streak as risk-off sentiment drives safe-haven flows. Trump’s tariff threats, clash with Zelenskyy fuel market uncertainty. Atlanta Fed GDP Now forecast plunges to -2.8%, boosts Gold’s appeal. Gold price is rallying over 1% on Monday, snapping two days
The Indian Rupee gains traction in Monday’s early European session. Foreign exchange intervention from the RBI might help limit the INR’s losses. India’s HSBC Manufacturing PMI and US ISM Manufacturing PMI will take center stage later on Monday. The Indian Rupee (INR) gathers strength on Monday. The potential intervention from the Reserve Bank of India (RBI)
The Australian Dollar gains ground following the TD-MI Inflation Gauge, and China Manufacturing PMI data released on Monday. China’s Caixin Manufacturing PMI increased to 50.8 in February from January’s 50.1. The US Dollar struggles as US PCE inflation data aligns with expectations, easing concerns over unexpected US inflation spikes. The Australian Dollar (AUD) halted its six-day
An oil refinery in the Russian city of Ufa was on fire, according to the state RIA news agency. The regional branch of Russia’s emergency ministry reported that residents in nearby areas face no danger from the blaze, per Reuters. “There is no threat to residents of nearby areas,” said RIA. The cause of the
Bank of Japan Deputy Governor Shinichi Uchida said on Friday that Japan’s economy is experiencing a moderate recovery, though some weaknesses persist. Key quotes Japan’s economy is experiencing a moderate recovery, though some weaknesses persist.The underlying inflation rate is gradually rising toward the 2% target.The Bank of Japan’s JGB holdings continue to provide a strong monetary
The Australian Dollar holds gains after the release of a weaker-than-expected Private Capital Expenditure on Thursday. Australia’s Private Capital Expenditure unexpectedly contracted by 0.2% QoQ in Q4 2024, falling short of market expectations for 0.8% growth. The US Dollar continues to strengthen as traders evaluate the economy’s performance and the outlook on tariffs. The Australian
The Australian Dollar remains tepid following the release of the monthly Consumer Price Index. China’s International Trade Representative and Vice Minister of Commerce met with US business leaders to discuss tariffs. The Trump administration considers tightening chip export controls on China. The Australian Dollar (AUD) remains subdued against the US Dollar (USD) for the fourth
The US Dollar steadies after an earlier wild ride as a flood of geopolitical news erupts this Monday. In Germany, the far-right AfD party is outpaced by the CDU. The US Dollar Index (DXY) has recovered a near 0.50% loss andd trades marginally higher at the time of writing. The US Dollar Index (DXY), which tracks
