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 […]
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
The Dow Jones shed 400 points on Thursday, falling 1.45%. US PPI inflation hit a soft patch, further easing fears of an inflation reignition. Despite easing price pressures, equities still took a hit as Trump threatens more tariffs. The Dow Jones Industrial Average (DJIA) fell some 400 points on Thursday, declining around one full percent after United
The Canadian Dollar shed 0.3% against the Greenback on Tuesday. Bank of Canada (BoC) rate call looms large during the midweek session. US President Trump’s trade war against Canada has hit a new gear. The Canadian Dollar roiled on Tuesday, falling roughly six-tenths of one percent against the Greenback at its lowest as markets weigh
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
DXY stalls around 103.95 as market sentiment remains fragile. Traders eye Wednesday’s US CPI data for fresh market direction. Nasdaq slides 3.3%, dragging broader equities lower. The US Dollar (USD) remains under pressure on Monday, with DXY hovering around 103.95, struggling to find traction after last week’s steep decline. Federal Reserve (Fed) Chair Jerome Powell’s
The Dow Jones shed around 575 points on Thursday, as trade war fears resume. The more the Trump administration tries to soothe tariff fears, the worse things get. Market sentiment is still churning despite announced tariff delays and upbeat jobs data. The Dow Jones Industrial Average turned tail and ran on Thursday, in tandem with
In February, private sector employment in the US grew by just 77K, coming in short of initial estimates of 140K, according to the latest Automatic Data Processing (ADP) report. In addition, the reading was lower than January’s 186K (revised from 183K). Following the release, Nela Richardson, ADP’s Chief Economist, said that policy uncertainty and a
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
DXY erases Friday’s gains, slipping as European leaders back Ukraine peace deal guarantees. US Manufacturing PMI beats estimates, while ISM Manufacturing PMI misses expectations. Bond yields edge lower, reinforcing expectations of Fed rate cuts later in 2025. Technical indicators suggest further downside as key moving averages converge near 107.00. The US Dollar Index (DXY), which
The Pound Sterling rises to near 1.2650 against the US Dollar due to positive developments in the Russia-Ukraine peace truce. Fears of US President Trump’s tariffs on Canada, Mexico, and China loom large. The BoE is expected to follow a careful and gradual policy-easing approach. The Pound Sterling (GBP) trades higher against its major peers, except
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
Gold drops over 1% Friday as USD strengthens, hitting 10-day high at 107.66. XAU/USD falls to $2,845 as Fed rate-cut bets rise Trump confirms 25% tariffs on Mexico and Canada, fueling market uncertainty. Fed expected to cut rates by 70 bps in 2025 with first cut projected for June. Gold extended its losses on Friday,
The Japanese Yen struggles to capitalize on its Asian session gains against a stronger USD. Firming expectations for more BoJ rate hikes this year should help limit losses for the JPY. Traders now look forward to the release of the crucial US PCE data for a fresh impetus. The Japanese Yen (JPY) surrenders its intraday
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
