The Japanese Yen (JPY) attracted fresh buyers at the start of a new week and remained within striking distance of its highest level since late September 2024 hit against the broadly weakening US Dollar (USD) last Friday. Concerns about the rapidly escalating US-China trade war and its impact on the global economy continued to support traditional safe-haven assets, including the JPY. Further, hopes that Japan might reach a trade deal with the US turned out to be another factor offering support to the JPY. Meanwhile, signs of broadening inflation in Japan keep the case for further interest...
The Australian dollar (AUD) continued its gains against the US dollar (USD) on Monday (14/4), supported by improving risk sentiment. The AUD/USD pair strengthened after US President Donald Trump announced less stringent tariffs on Chinese imports, including semiconductors and electronics, on Sunday night. Clarifying earlier speculation about exemptions, Trump confirmed these goods would remain subject to the existing 20% tariffs on fentanyl, instead of the previously suggested 145% tariff. Stronger commodity prices provided further support for the Australian dollar. However, persistent...
The dollar weakened on Monday as an early rally from a three-year low ended, with markets haunted by a series of tariff-related remarks from U.S. President Donald Trump that last week shook investor confidence in the world's reserve currency. Investors were bracing for a tumultuous week as Trump's tariffs and then sudden delays on U.S. imports continued to stir confusion. The dollar reversed early gains as Asian trading began, falling against the Swiss franc toward a 10-year low hit on Friday. The dollar was last trading 0.05% lower against the Swiss franc at 0.8158. The pound pared...