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 […]
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
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
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
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 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
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
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
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 advanced as the Chinese government announced its annual policy statement for 2025 on Sunday. The AUD struggled as Trump instructed the Committee on Foreign Investment to limit Chinese investments in the US. The US Dollar struggles following the downbeat US economic data released last week. The Australian Dollar (AUD) retraces its recent losses
EUR/USD edges higher to 1.0480 in Monday’s early Asian session, up 0.18% on the day. Germany’s conservatives won the election, AfD leaped to second place, exit polls showed. US February PMI data came in weaker than expected, weighing on the US Dollar. The EUR/USD pair attracts some buyers to near 1.0480 during the early Asian
EUR/USD slips to 1.0450 on Tuesday, cooling off after last week’s strong rally. RSI declines sharply to 55, signaling waning bullish momentum while MACD remains flat with green bars. The 20-day and 100-day SMAs are converging near 1.0450, raising concerns over a potential bearish crossover. EUR/USD took a step back on Tuesday, shedding 0.32% to
AUD/USD softens to around 0.6345 in Monday’s early Asian session. The RBA poises to deliver the first rate cut in four years. The Aussie is benefiting from an easing of worst-case fears of US tariffs The AUD/USD pair weakens to near 0.6345 during the early Asian session on Monday. The rising speculation of the Reserve Bank of
The Australian Dollar appreciates as Trump postpones the implementation of reciprocal tariffs. The AUD may face headwinds as the RBA maintains its rate-cut stance following a fresh inflation outlook. The US Dollar weakens amid declining US yields, despite persistent concerns over a global trade war. The Australian Dollar (AUD) strengthens for the second consecutive day
NZD/USD gains ground to near 0.5680 in Thursday’s early Asian session. US PPI inflation rose at a stronger pace than expected in January. The RBNZ is expected to cut its OCR by 50 bps to 3.75% next week. The NZD/USD pair trades stronger to around 0.5680 during the early Asian session on Friday. The US
USD/JPY stable despite volatility after Trump announces possible 25% tariffs on neighboring countries. US Dollar Index (DXY) gains 0.29%, reaching 108.30, amid positive market sentiment. Focus on upcoming Bank of Japan meeting; potential for 25 basis point rate hike expected. The USD/JPY was virtually unchanged during the North American session on Tuesday, as traders assessed
