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: 2025.04.02
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GBP: Testing the relative safe-haven status - ING
Breaking news
GBP: Testing the relative safe-haven status - ING
New
2025.04.02 18:39
2025.04.02 18:39
2025.04.02 18:39
The UK's goods exports to the US are worth just below 2% of GDP compared to 3% for the eurozone. It is no massive difference, but the EU has been much more in the focus of Trump's confrontational foreign approach, ING's FX analysts Francesco Pesole notes.
Downside risks for EUR/GBP in the near term
"In particular, Trump explicitly opened to a trade deal with the UK in previous months, putting British exports at the front of potential exemptions should negotiations follow today's announcement. The more markets will see room for the initial tariff announcement being watered down via negotiations, the more sterling can outperform the euro."
"We mostly see downside risks for EUR/GBP in the near term, with a move below 0.830 very much possible. In the longer run, there will be room for a rebound as the Bank of England rate expectations can be repriced lower."
Last updated
: 2025.04.02
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2025.04.03 19:40
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USD/JPY can continue to weaken - UOB Group
US Dollar (USD) could continue to weaken vs Japanese Yen (JPY); oversold conditions suggest any decline is unlikely to reach 146.50 today. In the longer run, increase in momentum indicates further USD weakness; the level to watch is 146.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.04.03 20:41EUR/USD adds to initial gains and breaches 1.09 - Danske Bank
EUR/USD seesawed on yesterday's tariff announcement, initially rallying above 1.09 on the relatively benign 10% flat tariff applied to all US trading partners, declining on the more aggressive reciprocal tariff measures, and then moving back above 1.09 again, Danske Bank's FX analyst Stefan Mellin r
New
2025.04.03 20:37US Dollar hit hard as markets digest Trump's tariff announcement
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is having a really bad day, trading at levels not seen since early October around 101.800 and correcting near 1.80% at the time of writing on Thursday.
New
2025.04.03 20:35USD/JPY: Low achieved last month at 146.50/145.80 is first support - Societe Generale
USD/JPY rebound petered out at the 200-DMA near 151.30/151.60 last month, Societe Generale's FX analysts report.
New
2025.04.03 20:29AUD/USD jumps to near 0.6350 as US Dollar plummets after Trump's tariff plan
The AUD/USD pair moves higher and advances toward the two-week high of 0.6350 in Thursday's European session.
New
2025.04.03 19:48USD/JPY: Safe-haven flows push the pair downwards - OCBC
USD/JPY fell as demand for safe-haven overwhelms even as Japan is slapped with 24% reciprocal tariff rate.
New
2025.04.03 19:47NZD/USD: Current price movements are likely part of a range - UOB Group
New Zealand Dollar (NZD) is expected to trade in a 0.5670/0.5770 range vs US Dollar (USD). NZD rebounded two days ago and closed at 0.5701. In the longer run, current price movements are likely part of a 0.5640/0.5800 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.04.03 19:40DXY: ISM services, payrolls next - OCBC
Varied reaction in FX markets with open trade, growth-sensitive FX such as CNH, KRW, SGD, MYR and THB under some pressure post-tariff announcement. DXY was last seen at 102 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.04.03 19:18Oil: Tariffs weigh on oil - ING
Oil prices are under pressure this morning, following other risk assets lower, after the Trump administration unveiled a base tariff of 10% on all imports from all trading partners.
New
2025.04.03 19:13AUD/USD: Set to continue trading in a choppy manner - UOB Group
AUD could continue to trade in a choppy manner, likely between 0.6220 and 0.6320. In the longer run, sharp but short-lived swings have resulted in a mixed outlook; AUD could trade in a 0.6185/0.6340 range for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.04.03 19:06Disclaimer:
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