The Australian Dollar remains under pressure as the RBA’s February Meeting Minutes highlighted downside risks to the economy. Australia’s Retail Sales rose by 0.3% MoM in January, recovering from a 0.1% decline in December. The US Dollar weakened after European leaders voiced support for security guarantees for Ukraine, improving risk sentiment across global markets. The…
The Aussie extends its losing streak by about 0.54%, slipping near 0.6200 and approaching multi-week lows. A six-day decline sees the pair break below the 20-day Simple Moving Average, reinforcing short-term seller strength. Traders assess fresh tariff escalations, with President Trump threatening an extra 10% levy on Chinese imports. PCE data from the US from…
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…
During the joint press conference between Prime Minister Ishiba and President Trump, an unusual turn of events occurred when Trump abruptly ended the conference over a question about tariffs. As Prime Minister Ishiba avoided giving a concrete answer, Trump smiled and commented, “That is a very good answer,” before removing his earpiece and walking out….
The Japanese Yen attracts strong follow-through buying in reaction to the upbeat Q4 GDP. Optimism over the delay of Trump’s reciprocal tariffs provides an additional boost to the JPY. The USD languishes near a two-month low and further contributes to the USD/JPY pair’s slide. The Japanese Yen (JPY) builds on its steady intraday ascent led…
AUD/USD falls to near 0.6270 as the Australian Dollar weakens on RBA dovish bets and potential US-China trade war. Investors await the US inflation data, which will influence the Fed’s interest rate outlook. Fed Powell said on Tuesday that there is no rush for interest rate cuts. The AUD/USD pair faces sharp selling pressure after…
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…
The US Dollar Index trades lower near 108.30 as market sentiment remains cautious. Trump confirms 25% tariffs on steel and aluminum imports but provides no clear implementation timeline. Investors await Powell’s testimony for further clues on the Federal Reserve’s policy outlook. US CPI data from January is also due this week. The US Dollar Index…
According to the University of Michigan’s (UoM) Consumer Sentiment Index, American consumers are beginning to grow increasingly concerned about United States (US) President Donald Trump’s approach to economic policy and international trade. Trade war fears have knocked back consumer confidence, and consumer inflation expectations have also climbed. The Preliminary UoM Sentiment Index showed that aggregate…
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…