Aussie nears 0.6300 amid cautious optimism on Wednesday.Investors eye possible February rate cut from RBA.Mid-tier US data came in mixed and weighed on the USD.The Australian Dollar (AUD/USD) edges toward 0.6300, buoyed by mixed United States data that softened the Greenback and lifted broader risk assets. Nonetheless, anticipation of a dovish Reserve Bank of Australia (RBA) move next month tempers upside potential. Ongoing US-China trade tensions further cloud the outlook, restraining a more decisive rally in the Aussie.President Donald Trump's additional tariff on Chinese imports remains...
DXY remains under pressure, testing 107.35 support despite upbeat ADP and S&P Global PMI data.ISM Services PMI disappoints, signaling weaker-than-expected service sector growth and moderating price pressures.US 10-year yield rebounds, hovering around 4.40% after touching a yearly low.The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of currencies, struggled to recover losses on Wednesday and declined against most major peers. Despite stronger than expected ADP Employment and S&P Global PMI data, the ISM Services PMI fell short of forecasts, casting doubt...
USD/CHF loses ground as the US Dollar weakens for the third consecutive session on Wednesday.Safe-haven demand for the Swiss Franc rises due to escalating US-China trade tensions.Traders await Thursday's Swiss Unemployment Rate to gain further insight into the labor market.USD/CHF continues its decline for the second straight day, trading near 0.9030 during European hours on Wednesday. This downturn is primarily driven by a weaker US Dollar (USD), which is undergoing a technical correction. The US Dollar Index (DXY), which tracks the USD against six major currencies, remains under pressure...
Oil steadied near the lowest this year as President Donald Trump's geopolitical positions and threats of tariffs on energy weighed on the outlook. West Texas Intermediate traded above $71 a barrel after falling 2.3% on Wednesday to cancel out all year-to-date gains, while Brent crude closed below $75. China is set to impose retaliatory tariffs on the US from Monday, igniting a trade war that could hurt global growth, while the US leader's proposal to take over Gaza was widely condemned. Investors have pulled out of crude and fuel markets since Trump's inauguration,...
The Australian Dollar (AUD) edges lower against the US Dollar (USD) following lower-than-expected Trade Balance data released on Thursday. Additionally, the AUD/USD pair receives downward pressure from risk-off sentiment amid rising fears over US-China trade tensions. Australia's trade surplus fell to 5,085M in December, missing the expected 7,000M and down from the previous surplus of 6,792M. Exports increased by 1.1% MoM, slowing from November's 4.2% rise, while imports surged 5.9% MoM, up from 1.4% in the prior month. Traders closely watch the ongoing trade war between the United States...