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 […]
AUD/USD draws support from risk appetite, clings to 0.6300 early Monday. Only 20% and not 145% US tariffs on China’s semiconductors and electronics provide some relief to markets. The focus remains on Chinese trade data and Fedspeak later for fresh trading incentives. AUD/USD is holding the three-day recovery momentum from five-year lows on Monday at
Reuters reported early Friday that US President Donald Trump is likely to retaliate on trade if Mexico doesn’t deliver water to the United States. Mexican officials are preparing to increase the amount of water they send to the US due to concerns that Trump may bring an 81-year-old water treaty dispute into trade negotiations. Under
USD/CAD rebounds to around 1.4105 in Thursday’s early Asian session. Trump announced a 90-day pause on higher reciprocal tariffs on US trading partners. The US CPI inflation report for March will be in the spotlight later on Thursday. The USD/CAD pair recovers some lost ground to near 1.4105 during the early Asian session on Thursday.
GBP/USD edged higher after US President Donald Trump signaled a willingness to engage in trade negotiations. US Customs and Border Protection confirmed plans to start collecting country-specific tariffs from 86 trade partners. The British Pound found support from stronger as the 10-year gilt yield rose to around 4.61%. The GBP/USD pair advances for a second
US President Donald Trump said late Tuesday that China is manipulating the Chinese Yuan to offset against tariffs. Key quotes Says we’re going to tariff pharmaceuticalsChina pays a 104% tariff.Always had a very good relationship with China’s XiMore tariffs on China will be in place tonight.Expects China to reach an agreement eventually. Market reaction At
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
The Chinese Commerce Ministry issued a statement on Tuesday in response to the latest US threat to escalate tariffs on China. Key quotes The US threatens to escalate tariffs on China, “which is a mistake on top of a mistake”. China will never accept the “blackmail nature” of the US. Urge the United States to
White House Trade Adviser Peter Navarro told CNBC on Monday that countries seeking a tariff relief need to lower non-tariff barriers, per Reuters. Key takeaways “Any talk of recession seems silly given expected tax cuts.” “When you ask whether US President Donald Trump is willing to negotiate, the president is always willing to listen.” “Methodology
USD/CAD attracts some buyers for the second straight day amid a combination of supporting factors. Tumbling Oil prices, domestic political uncertainty, and Friday’s dismal jobs data undermine the Loonie. The risk-off mood benefits the USD’s relative safe-haven status and also acts as a tailwind for the pair. The USD/CAD pair attracts some follow-through buying for
US President Donald Trump said on Sunday that unless the China trade deficit is solved, there will be no deal, according to Reuters. Trump further stated that “sometimes you have to take medicine” when asked about recent market volatility, insisting he was not deliberately trying to trigger a selloff. US Commerce Secretary Howard Lutnick confirmed on
Nike stock recovers after Vietnamese leader reaches out to Trump. Trump says he will set a meeting with General Secretary To Lam. NKE stock dropped 14.4% on Thursday in response to Trump’s 46% tariff on Vietnam. Dow Jones Industrial Average sheds 4.6% at the time of writing. Nike (NKE) shares surged over 5% around
USD/CAD trades with negative bias for the fourth successive day amid the prevalent USD selling bias. Worries that Trump’s tariffs might trigger a US recession lift Fed rate cut bets and weigh on the buck. The overnight downfall in Crude Oil prices undermines the Loonie and lends some support to the major. Traders also seem
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
The Fitch Ratings agency downgraded its expectations for United States (US) Gross Domestic Product (GDP) growth in 2025 on Thursday, specifically highlighting that the Trump administration’s “Liberation Day” tariff announcement poses a direct risk to US economic health. Key highlights Liberation Day takes US tariff rates back to a level last seen in 1909. US growth in
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
