USD/CAD softens to around 1.4300 in Tuesday’s early Asian session. Trump did not impose tariffs on US trading partners on his first day in the White House. BoC’s latest Business Outlook Survey suggested that the overall economic sentiment remains subdued. The USD/CAD pair remains on the defensive around 1.4300 during the early Asian session on Tuesday, pressured […]
The Australian Dollar appreciates after the release of economic figures from China. China’s GDP grew 5.4% YoY in Q4 of 2024 after reporting a 4.6% expansion in Q3. US Retail Sales increased by 0.4% MoM in December, against the expected 0.6% growth. The Australian Dollar (AUD) edges higher against the US Dollar (USD) following the
The Australian Dollar depreciated as Australia’s trimmed mean fell to an annual 3.2% from 3.5%. Australia’s monthly Consumer Price Index increased by 2.3% YoY in November, the highest level recorded since August. The US Dollar appreciated as the 10-year yield on US Treasury bonds rose by over 1% on Tuesday. The Australian Dollar (AUD) faced challenges
NZD/USD softens to around 0.5635 in Wednesday’s early Asian session. The stronger US data suggested the Fed is likely to slow the easing cycle. Investors will monitor how aggressive Trump’s tariff plans could be when he takes office. The NZD/USD pair trades with mild losses near 0.5635 during the early Asian session on Wednesday. The upbeat
EUR/USD inches lower to 1.0370 on Tuesday after repeated rejections at the 20-day SMA. The RSI rises to 45, suggesting improving momentum but still hinting at a cautious outlook. MACD shows flat green bars, indicating easing bearish pressure yet no clear bullish shift. EUR/USD managed to climb towards the 1.0370-1.0390 area at the begging of the
