NZD/USD gains momentum to around 0.5630 in Tuesday’s early Asian session, up 0.62% on the day. Trump has confirmed the postponement of his Canada and Mexico tariffs in a post on Truth Social. Trump tariffs on China are due to hit at 05.00 GMT on Tuesday. The NZD/USD pair recovers some lost ground to near…
The Australian Dollar holds losses following the mixed Chinese Purchasing Managers’ Index data release. The China Securities Regulatory Commission has approved a second round of long-term stock investment pilot programs valued at $7.25 billion. The USD strengthens amid uncertainty surrounding the impact of US President Donald Trump’s trade and immigration policies. The Australian Dollar (AUD)…
The Australian Dollar strengthened as President Trump’s revised tariffs on China turned out to be significantly smaller than initially anticipated. Trump announced plans to impose a 10% tariff on Chinese imports beginning February 1. The S&P/ASX 200 Index declined, driven by a drop in mining stocks as weaker commodity prices put pressure on the sector….
The Indian Rupee loses momentum in Tuesday’s Asian session. Renewed USD demand could weigh on the INR, but routine RBI intervention and lower crude oil prices might cap its downside. Investors will take more cues from Trump’s policy announcements this week. The Indian Rupee (INR) tumbles on Tuesday after reaching a one-week high in the…
Gold price declines to around $2,695 in Monday’s early Asian session. The firmer Greenback undermines the USD-denominated Gold price. The uncertainty and elevated geopolitical tensions could boost the Gold price, a traditional safe-haven asset. Gold price (XAU/USD) extends its decline to near $2,695 during the early Asian session on Monday. The stronger US Dollar (USD) broadly ahead…
WTI price edges higher to $77.25 in Tuesday’s early Asian session. The US increased sanctions against Russian energy, boosting the WTI price. The prospect of fewer Fed rate cuts this year might cap the downside for the black gold. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $77.25 on Tuesday. The…
Japan economy minister Ryosei Akazawa said on Friday that Japan’s economy is at a ‘critical stage’ in eradicating the public’s deflationary mindset. Key quotes No change to the government’s stance to work closely with the BOJ on policy with an eye on the economy and prices.In deciding whether to declare a full exit from deflation,…
Australia’s trade surplus increased to 7,079M MoM in November versus 5,750M expected and 5,670M (revised from 5,953M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday. Further details reveal that Australia’s Exports climbed by 4.8% MoM in November from 3.5% (revised from 3.6%) seen a month earlier. Meanwhile, Imports rose by…
USD/CHF may gain ground due to the hawkish policy shift by the Federal Reserve. The latest ISM services report indicated higher activity and rising prices, fueling concerns about persistent inflation in the United States. The Swiss 10-year bond yield climbed to 0.37%, marking its highest level in over a month. USD/CHF steadies following gains from…
AUD/JPY rose as Australia Composite PMI revised upward to 50.2 in December, from the previous reading of 49.9. The Caixin China Services PMI increased to 52.2 in December, up from the previous reading of 51.5. Japan’s composite and services PMIs for December were revised downward, bolstering a dovish stance on the BoJ policy outlook. AUD/JPY…