BoJ’s Uchida: Don't have a preset idea in mind on the pace of future rate hikes – FXStreet
The Lieutenant Governor of the Bank of Japan (BOJ) said on Wednesday that I “do not have pre-set ideas in mind as to the pace of future rate hikes.” More comments Do not keep preset ideas in mind when it comes to the pace of your future rate hikes. It's not that fees will be […]
Gold price in India: Rates on March 5 – FXStreet
Gold prices fell on Wednesday, according to data compiled by FXStreet. The gold price was INR 8,158.50 per gram (INR) compared to 8,172.17 on Tuesday, which was the down cost. Gold prices fell to 95,150.05 inches per TOLA at 95,318.62 per TOLA a day ago. Unit Measure INR gold prices 1 gram 8,158.50 10 grams […]
USD/CAD corrects to near 1.4420 as US-Canada enters trade war – FXStreet
The USD/CAD fell sharply to nearly 1.4420 as Canadian Prime Minister Trudeau announced retaliatory tariffs in the US. On Monday, the US president confirmed 25% tariffs in Canada and Mexico. The US dollar faces sharp sales pressure as FRED DOVISH bets swell. The USD/CAD pair sharply corrects from the monthly high of 1.4542 posted on […]
EUR/USD gains further on potential Russia-Ukraine peace, ECB policy in focus – FXStreet
The EUR/USD shows a strength of around 1.0500 as positive developments to end the war in Ukraine improved the appeal of the Euro. The ECB is expected to cut interest rates by 25 bps on Thursday. President Trump has imposed 25% tariffs on Canada and Mexico, and another 10% on China. EUR/USD is slightly above […]
AUD/USD jumps to near 0.6230 as US Dollar tumbles, upside remains capped – FXStreet
The Australian rebounded at about 0.67%, lifting the pair towards 0.6245, under the negative outlook last week. The Federal Reserve is betting firmly after softening US personal spending data. President Donald Trump will repeat that he will double China's tariffs to 20%. The tariff stalemate has expanded to Mexico and Canada, with no negotiations, according […]
Gold price rallies on haven demand amid trade and geopolitical tensions – FXStreet
Xau/USD will rise to $2,888 as the market takes on tariffs and weakens US growth Gold snaps two-day loss streaks as risk-off sentiment drives a safe haven flow. Trump's tariff threat clashes with uncertainty in the Zelensky fuel market. Atlanta Fed GDP is currently projected to -2.8%, enhancing Gold's appeal. Gold prices rose above 1% […]
Pound Sterling recovers against US Dollar on potential Ukraine peace plan – FXStreet
Sterling of the pound rises to nearly 1.2600 against the US dollar due to the positive development of the Russian-Ukraine peace halt. There is a growing fear of President Trump's tariffs on Canada, Mexico and China. BOE is expected to follow a careful and progressive approach to measuring policy. Pound Sterling (GBP) has acquired its […]
Gold lacks bullish conviction despite modest USD weakness, rising trade tensions – FXStreet
Gold prices gained some traction on Monday amid a slight waning of the US dollar. They bet that if the Fed cuts interest rates again, the USD will be damaged and will benefit the Xau/USD pair. Concerns about Trump's tariff plans and world trade war also support the goods. Gold Price (XAU/USD) attracts some buyers […]
AUD/USD recovers above 0.6200 on upbeat Chinese PMI data – FXStreet
The AUD/USD will rebound to around 0.6215 in the initial Asian session on Monday. China's NB was stronger than expected in February. Trump said he would impose an additional 10% tariff on China. The AUD/USD pair recovers the lost ground to nearly 0.6215 and snaps a six-day losing streak during the early Asian session on […]
Australian Dollar declines as US Dollar strengthens ahead of PCE inflation data release – FXStreet
The Australian dollar has weakened as Trump reaffirmed his plan to impose an additional 10% tariff on Chinese imports. On February 4th, US President Trump introduced new tariffs on Chinese products, bringing the total tax to 20%. US GDP rose 2.3% per year in the fourth quarter of 2024, meeting market expectations. The Australian Dollar […]