Asia FX muted amid tariff relief, inflation jitters; dollar set for weekly loss

Asia FX muted amid tariff relief, inflation jitters; dollar set for weekly loss
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Asia FX muted amid tariff relief, inflation jitters; dollar set for weekly loss
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Headline hunting about the latest on Trump and his tariff threats is what traders are up to. The news of a month of delay for the tariffs targeting Mexico landed soon after the US opening bell and similar news about Canada came in later in the day. As such, by the end of Monday, both…
Do you ever wonder what is behind market reactions to headline news? Have you ever sat in front of your platform and seen a currency, for example, suddenly spike up or down 20 pips when there is no scheduled news and then come back quickly to where it started? It is often like blink…
Bumping at Night, Data – Global equities rebounded as expectations for a December Federal Reserve rate cut strengthened. Dovish remarks from Fed officials, including Christopher Waller and John Williams, lifted market-implied odds of a 25 bps cut to ~67 %. – Large-cap technology stocks led the rally, reversing part of last week’s AI-driven correction…
Silver price (XAG/USD) trades 1.5% lower, slightly below $48.00 during the late Asian trading session on Monday. The white metal faces selling pressure as the appeal of safe-haven assets has diminished on hopes that the United States (US) and China will reach a bilateral trade deal soon. The optimism over the US-China trade deal increased…
The US dollar has posted sharp gains on Friday. In the European session, USD/JPY is trading at 143.85, up 0.88% at the time of writing. The yen hit a 14-month high on Monday but the dollar has rebounded and is up 2.1% this week. It’s an unusually quiet Friday with no US events on the…
The USD/JPY forecast tilts to the downside as BoJ-Fed divergence favors yen. Risk-off sentiment strengthens yen but limits gains amid dollar’s own haven appeal. Today’s US ADP jobs report is crucial to watch, along with the US ISM PMI and JOLTS data. The USD/JPY remains under mild pressure as the Japanese yen continues to find…