The U.S. dollar rose on Friday, a day after falling on a surge in U.S. jobless claims and modest inflation, as investors expected the Federal Reserve to cut interest rates next week after a roughly nine-month hiatus. The greenback rose 0.3% to 147.66 yen, on track for its largest percentage gain in 10 days, after rising for three straight weeks. The dollar firmed earlier on Friday after a U.S.-Japanese joint statement affirmed exchange rates should be "market determined" and that excess volatility and disorderly moves in exchange rates were undesirable. The dollar index was up 0.1% at...
The USD/CHF pair attracts some sellers to near 0.8800 during the early European session on Tuesday. Probable US economic slowdown and continued policy uncertainty surrounding the Trump administration's trade policy exert some selling pressure on the US Dollar (USD). Investors will closely monitor the US Consumer Price Index (CPI) inflation report, which is due on Wednesday. Fears about a tariff-driven slowdown in US growth have rattled US stocks and the USD. "The market is unsure whether fading U.S. exceptionalism will continue to hurt the dollar or whether the dollar benefits from its...
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on the previous day's modest gains and attracts fresh sellers during the Asian session on Tuesday. The index currently trades around the 103.70 area, down over 0.20% for the day, and remains close to its lowest level since early November touched last Friday. Investors remain worried about US President Donald Trump's trade tariffs and their potential impact on the US economy. Apart from this, Friday's weaker US Nonfarm Payrolls (NFP) report pointed to signs of a cooling labor...
Gold rose near $2,900 per ounce on Tuesday, driven by a weaker U.S. dollar and safe-haven flows due to mounting concerns about the U.S. economic outlook amid escalating trade tensions. Concerns about the potential economic slowdown were exacerbated after President Donald Trump, in a Fox News interview on Sunday, said the U.S. economy faced a "period of transition", while refusing to rule out the possibility that his policies would cause a recession. This comes after the U.S. delayed the 25% tariffs on many goods from Canada and Mexico for a month, while Canada has kept its initial...
Brent crude oil futures fell to around $69.2 per barrel on Tuesday, marking a second consecutive day of losses amid growing fears that U.S. tariffs would slow economic growth and curb oil demand. Tariffs imposed and then later delayed by U.S. President Donald Trump on major oil suppliers, such as Canada and Mexico, along with China's retaliatory tariffs, have heightened concerns over a potential global economic slowdown. Additionally, signs of economic weakness in top oil importer China weighed on crude prices after latest data showed the country's deflationary pressures deepened despite...
The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) for the fourth consecutive session on Tuesday. Despite a stronger Westpac Consumer Confidence reading—rising 4% to 95.9 in March from 92.2 in February, marking its highest level in three years—the AUD/USD pair continues to struggle. The uptick in sentiment was driven by the Reserve Bank of Australia's (RBA) interest rate cut in February and easing cost-of-living pressures. Australia's 10-year government bond yield declined to around 4.39% as escalating global trade tensions dampened investor risk appetite....
Oil fell a second day, tracking a plunge across wider equity markets and other risk assets. West Texas Intermediate dropped below $66 a barrel after sliding 1.5% on Monday, with Brent crude closing near $69. Investors retreated from every type of risk on Monday with economic fear racing across markets as US President Donald Trump presses on with tariff measures and geopolitical shakeups. Oil has fallen almost a fifth from a high in mid-January as Trump's chaotic rollout of tariff hikes and push to slash federal spending darken the economic outlook in the biggest producer and consumer of...
Gold (XAU) price retreats as the week begins, down 0.70% and falls below the $2,900 figure as investors' fears of a recession in the United States (US) grow amid controversial trade policies implemented by the US President Donald Trump. At the time of writing, the XAU/USD pair trades at $2,890 after hitting a daily high of $2,918. Wall Street continued to edge lower, depicting a dismal market sentiment due to the ongoing economic slowdown. On Friday, Trump appeared in an interview and said, "There is a period of transition, because what we're doing is very big. …We're bringing wealth back...
AUD/USD fell by 0.40% on Monday as risk-off sentiment weighed on the pair. Concerns over a slowdown in the United States (US) economy initially supported the Australian Dollar (AUD), but weak Chinese inflation data and trade tensions pressured the pair lower. President Donald Trump's comments about a "transition period" raised uncertainty over the US outlook, while a sharper-than-expected drop in China's Consumer Price Index (CPI) signaled weakening demand, reinforcing downside risks for AUD/USD.Australian Dollar pressured as global risks intensifyUS economic concerns deepened after...
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....