NZD/USD depreciates as traders adopt caution as the February consumer confidence report looms. China’s Vice Commerce Minister has met with US business leaders to discuss tariffs. The Trump administration plans to tighten chip export controls on China. NZD/USD continues its losing streak for the fourth successive session, trading around 0.5720 during the Asian hours on Wednesday….
The US Dollar trades flat and unfazed by overnight events. The Trump administration is trying to corner China further with third-party tariffs and semiconductor restrictions. The US Dollar Index (DXY) resides just above important support ahead of more downside. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six…
EUR/USD edges higher to 1.0480 in Monday’s early Asian session, up 0.18% on the day. Germany’s conservatives won the election, AfD leaped to second place, exit polls showed. US February PMI data came in weaker than expected, weighing on the US Dollar. The EUR/USD pair attracts some buyers to near 1.0480 during the early Asian…
The US Dollar holds on to small gains after rather disappointing US PMI release. The US economy is no longer outperforming or outpacing the Eurozone. The US Dollar Index (DXY) heads back to the mid-106.00 region. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trading…
NZD/USD trades with mild gains near 0.5765 in Friday’s early Asian session. US Initial Jobless Claims came in weaker than expected last week. Trump tariff threats could drag the Kiwi lower. The NZD/USD pair extends the rally to around 0.5765 during the early Asian session on Friday, pressured by the softer US dollar (USD). Traders…
EUR/GBP softens to around 0.8285 in Wednesday’s early European session. UK CPI inflation rose to 3.0% YoY in January vs. 2.8% expected. The dovish stance from the ECB might drag the Euro lower. The EUR/GBP cross weakens to near 0.8285 during the early European trading hours on Wednesday. The Pound Sterling (GBP) edges higher against the…
Gold price edges higher in Friday’s Asian session. Trade war fears and lower US bond yields support the precious metal. Investors brace for the US January Retail Sales data, which is due later on Friday. Gold price (XAU/USD) extends its upside during the Asian trading hours on Friday. The growing concerns about US President Donald…
The US Dollar trades weaker on Thursday against most major peers. Traders gear up for the Producer Price Index (PPI) and weekly jobless claims due later in the day. The US Dollar Index (DXY) drops below 108.00 and ekes out losses for this week. The US Dollar Index (DXY), which tracks the performance of the…
The Australian Dollar remains steady as Trump imposes a 25% tariff on all steel and aluminum imports. Australia’s Westpac Consumer Confidence rose 0.1% in February, reaching 92.2 from 92.1 prior. The US Dollar appreciates amid the rising cautious mood surrounding the Fed’s policy outlook. The Australian Dollar (AUD) remains subdued against the US Dollar (USD) on…
USD/CHF gains ground to near 0.9110 in Monday’s early European session. The upbeat US employment data for January supports the US Dollar. The uncertainty and ongoing Middle East geopolitical tensions could boost the safe-haven currency like the CHF. The USD/CHF pair gathers strength to around 0.9110 during the early European session on Monday. The US…