The USD/JPY pair moved lower near 151.90 during the North American session on Wednesday (2/19). The asset moved lower despite the US Dollar (USD) trading higher, with the US Dollar Index (DXY) rising near 107.20. The greenback strengthened as market sentiment turned slightly cautious following US President Donald Trump's tariff threats. On Tuesday, Donald Trump threatened to impose a 25% tariff on foreign imports of cars, pharmaceuticals, and semiconductors. Trump did not provide a timeframe for allowing local manufacturers to increase operating capacity. Market participants expect...
Gold edges higher in early Asian trade, as investors digest the Fed's latest policy meeting minutes. The precious metal appears to be supported by the central bank's minutes, with the Fed uncertain what the economic environment will look like in terms of inflation. Escalating trade tensions have also increased demand for safe-haven assets like gold, says Harbourfront Wealth - Sonora Wealth Group in a note. Trump's recent proposal to impose an additional 25% on auto imports has raised market volatility, with major economies including China expected to impose retaliatory measures, investment...
AUD/USD pair extends its decline to around 0.6340 during the early Asian session on Thursday. Fresh US President Donald Trump tariff threats continue to underpin the US Dollar (USD) and weigh on the pair. The strengthening of the Greenback is supported by concerns about escalating trade tensions. Last week, US President Donald Trump ordered his administration to consider imposing reciprocal tariffs on numerous trading partners. Late Tuesday, Trump said that he would likely impose tariffs of around 25% on foreign cars, while semiconductor chips and drugs are set to face higher duties. "So...