The Japanese Yen continues to attract safe-haven flows amid the escalating US-China trade war. Hopes that Japan might strike a trade deal with the US contribute to the bid tone around the JPY. The divergent BoJ-Fed policy expectations provide an additional boost to the lower-yielding JPY. The Japanese Yen (JPY) trims a part of strong […]
The Japanese Yen attracts fresh buyers as stronger PPI reaffirms BoJ rate hike bets. Hopes for a US-Japan trade deal turn out to be another factor benefiting the JPY. A solid recovery in the global risk sentiment could cap gains for the safe-haven JPY. The Japanese Yen (JPY) regained positive traction during the Asian session
The Minutes revealed that Federal Reserve policymakers almost unanimously agreed that the U.S. economy was at risk of experiencing both higher inflation and slower growth. They noted that “difficult tradeoffs” could lie ahead for the central bank. Key Takeaways All participants viewed it appropriate to keep interest rates unchanged in light of elevated uncertainty around
The Reserve Bank of New Zealand is set to lower the interest rate by 25 bps to 3.5% on Wednesday. In February, the RBNZ left the door open for further cuts, anticipating the negative impact of US tariffs. The New Zealand Dollar could experience intense volatility following the RBNZ’s policy announcements. The Reserve Bank of
The Greenback softens a touch on Tuesday against major peers amidst trade war tensions. Markets revalued the Greenback to the upside after upbeat Nonfarm Payrolls numbers and US yields rebounding. The US Dollar Index trades back above 103.00 and looks to consolidate further. The US Dollar Index (DXY), which tracks the performance of the US
The Japanese Yen attracts some dip-buyers and reverses a part of the overnight losses. BoJ rate cut bets and growing recession fears drive safe-haven flows towards the JPY. Dovish Fed expectations weigh on the USD and also exert pressure on USD USD/JPY. The Japanese Yen (JPY) trims a part of modest intraday gains against its
Mexican Peso depreciates over 1% as Trump threatens more China tariffs; risk-off sentiment crushes EM currencies. Peso slumps for second straight day as VIX hits pandemic-era highs, fueling flight to safety into USD. Sheinbaum avoids retaliatory tariffs as Mexico pushes for dialogue; auto sector fears long-term disruption. The Mexican Peso (MXN) plunges against the US
Nonfarm Payrolls (NFP) in the US rose by 228,000 in March, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 117,000 increase (revised from 151,000) recorded in February and surpassed the market expectation of 135,000 by a wide margin. Join us for our NFP Live Coverage here Other details of
The Dow Jones is struggling to find its feet after steep overnight losses. US equities have taken a haircut after the Trump administration’s tariff announcements. Rate markets are now at loggerheads with growth and inflation realities. The Dow Jones Industrial Average (DJIA) bottomed out near the 40,800 level after taking a steep plunge during overnight
EUR/USD soars above 1.1100 as the US Dollar has been hit hard by Trump’s reciprocal tariffs announcement. US President Trump has announced 20% reciprocal levies on the Eurozone. EC von der Leyen vows to retaliate if negotiations with Washington fail. EUR/USD climbs to its highest level since October around 1.1145 in Thursday’s European session and
DXY dips under the 104.00 zone as equities slide and bond yields decline. Upbeat ADP employment data clashes with market anxiety over looming US tariffs. Key resistance stands near 104.10, while bearish pressure builds below 103.90. The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, is
DXY trades near the 104.20 zone after mixed reaction to PMI and Job Openings data. Manufacturing activity contracts and hiring slows, keeping stagflation risks in play. Resistance seen around 104.84 with support clustering near 104.13. The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, trades near
EUR/USD finds cushion near 1.0780 after the release of the weak US ISM Manufacturing PMI and JOLTS Job Openings data. The Eurozone inflation grows at a faster pace in March on month but cools down on a yearly basis. Market participants are mixed over whether Trump’s tariffs would lead to a recession in the US. EUR/USD recovers some
Gold hits fresh all-time high amid speculation Trump’s April 2 tariffs could target all trade partners. Goldman ups US recession odds to 35% as sentiment deteriorates and Washington signals tolerance for slowdown. DXY and yields rise but fail to dent Gold’s rally as safe-haven flows dominate ahead of key US data. Gold prints another record
The Dow Jones rose 0.7% on Monday as other indexes struggled. The Trump administration’s self-imposed April 2 deadline for tariffs looms large. A quiet start to the week gives way to fireworks with tariffs and NFP in the barrel. The Dow Jones Industrial Average (DJIA) rebounded 300 points on Monday, clawing back ground that was
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
The Japanese Yen attracts some buyers following the release of a strong Tokyo CPI print. The BoJ’s hawkish stance and the risk-off mood further underpin the safe-haven JPY. The US PCE Price Index due later this Friday should provide fresh impetus to USD/JPY. The Japanese Yen (JPY) struggles to capitalize on a modest Asian session
