The Australian Dollar (AUD) halts its three-day losing streak against the US Dollar (USD) on Wednesday, supported by comments from US President Donald Trump suggesting a willingness to negotiate with trade partners. Trump's remarks boosted optimism for a potential easing of global trade tensions. US Treasury Secretary Scott Bessent revealed that nearly 70 countries have reached out to the White House seeking to negotiate tariffs. Despite this, market volatility is expected to remain elevated after Trump threatened to impose an additional 50% tariff on Chinese imports if Beijing does not...
The GBP/USD pair advances for a second straight session, trading near 1.2820 during Asian hours on Wednesday. The pair's uptick is supported by easing trade tensions after US President Donald Trump signaled openness to negotiations with global partners, fueling hopes of a potential de-escalation in trade conflicts. US Customs and Border Protection confirmed on Tuesday that it is prepared to begin collecting country-specific tariffs from 86 trade partners. While President Trump maintained his broader tariff plans despite requests for exemptions, he indicated a willingness to engage in...
The EUR/USD pair rises to near 1.1065 during the early European session on Wednesday. The US Dollar weakens against the Euro after US President Donald Trump's tariff policy takes effect. Later on Wednesday, traders will take more cues from the release of the FOMC Minutes. The Euro (EUR) gathered balance and prompted EUR/USD to leave behind two daily drops in a row and refocus on the upside, briefly flirting with the psychological 1.1000 hurdle. In fact, the US Dollar (USD) succumbed to the resurgence of the selling pressure on Tuesday as hopes of some negotiation surrounding US tariffs seem...