The Australian Dollar holds steady after the release of key domestic economic data. Australia’s trade surplus increased to 5,620M in January, exceeding the forecast of 5,500M and improving from the previous 4,924M. The US Dollar remains … [Continue reading]
USD/CAD weakens below 1.4350 as Trump delays Canada tariffs on autos
USD/CAD trades in negative territory near 1.4335 in Wednesday’s late American session. The White House said Trump will delay Canada, Mexico tariffs on autos for one month. Private employers added just 77,000 jobs in February, weaker than … [Continue reading]
US Dollar extends losing streak as weak labor data fuels selloff
DXY drops over 2.5% this week as selling pressure intensifies. ADP employment data misses expectations, showing hiring slowdown. ISM Services PMI beats forecasts, signaling economic resilience. Technical indicators suggest further downside as key … [Continue reading]
EUR/USD strengthens on soft US ADP Employment, German debt reforms
EUR/USD posts a fresh year-to-date high above 1.0700 as the US Dollar weakens amid uncertainty over US growth prospects. US President Trump reiterates that reciprocal tariffs to take effect on April 2. The ECB is expected to reduce interest … [Continue reading]
China NPC: Work report delivers on key market expectations – UOB Group
The third annual session of the 14th National People's Congress (NPC) is held in Beijing on 5-11 Mar. The key economic targets announced by Premier Li Qiang at the opening of the NPC were largely in line with expectations as China emphasizes high … [Continue reading]
BoJ’s Uchida: Don’t have a preset idea in mind on the pace of future rate hikes
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Wednesday, I “don't have a preset idea in mind on the pace of future rate hikes.” Further comments Don't have a preset idea in mind on the pace of future rate hikes. It is not as if we will … [Continue reading]
Breaking: Australian Gross Domestic Product rises 0.6% QoQ in Q4 vs. 0.5% expected
Australia’s Gross Domestic Product (GDP) grew 0.6% QoQ in the fourth quarter (Q4) of 2024 compared with the 0.3% growth in the third quarter, the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in above … [Continue reading]
Fed’s Williams: We’re beginning to factor in tariff impact on prices
Federal Reserve (Fed) Bank of New York President John Williams spoke at the Bloomberg Invest Forum in New York on Tuesday, highlighting that although inflation pressures have eased and the US labor market appears strong, the Fed will have to … [Continue reading]
US Dollar facing another intraday loss on the back of tariff war developments
The US Dollar sees another leg lower on Tuesday, adding to the already downbeat day on Monday Traders sell the Greenback after US imposing tariffs and, meanwhile, already facing counterattacks from Canada and China. The US Dollar … [Continue reading]
Pound Sterling strengthens against US Dollar as Fed dovish bets swell
The Pound Sterling clings to gains above 1.2700 against the US Dollar as traders have raised Fed dovish bets for the June meeting. US President Trump has imposed 25% tariffs on Canada and Mexico and an additional 10% on China. The BoE is … [Continue reading]