EUR/USD finds cushion around 1.0780 and rises to near 1.0825 during North American trading hours on Tuesday. The major currency pair attracts bids as the US Dollar (USD) drops on the narrower-than-feared tariff agenda of United States (US) President Donald Trump. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, falls to near 104.00 from an over two-week high of 104.50. US President Trump signaled to reporters at the White House on Monday that not all tariffs will be implemented on April 2. Trump said that some countries could get exempted from...
Oil prices rose after an industry report signaled a big drop in U.S. crude stockpiles, while the market weighed the prospect of a Russia-Ukraine ceasefire in the Black Sea. West Texas Intermediate crude rose above $69 a barrel after closing slightly lower on Tuesday. Brent crude settled near $73. Inventories fell by 4.6 million barrels last week, according to the American Petroleum Institute, which would be the biggest drop since November if confirmed by official data due Wednesday. Meanwhile, the U.S. said Russia and Ukraine had agreed to a ceasefire "to ensure safe navigation" in the...
Gold was steady in early Asian trade, supported by signs of worsening U.S. household sentiment that could maintain the precious metal's appeal as a safe haven. The Conference Board's monthly survey on Tuesday showed forward expectations for income, business and labor market conditions fell to a 12-year low. Additionally, "ongoing trade tensions could dampen economic growth, supporting gold prices," Konstantinos Chrysikos of Kudotrade said in an email. Investors may want to keep an eye on economic data and updates on U.S. trade policy, the head of Client Relationship Management added. Spot...