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GBP/USD recovery rally continues uninterrupted for a fifth straight session
GBP/USD rose three-quarters of one percent on Monday, climbing for a fifth straight trading session as the Pound Sterling continues to reclaim ground against the softening Greenback.
RBNZ's Conway: Inflation risks have shifted toward the downside
Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway noted early Tuesday that inflation risks are continuing to rise.
AUD/NZD Price Analysis: Pair remains under pressure below key moving averages
The AUD/NZD pair continues to reflect bearish dynamics on Monday's session , with price action hovering near the 1.0800 region. Despite a modest rebound, the broader technical structure remains tilted to the downside.
NZD/USD Price Analysis: Bulls gain traction ahead of key resistance zone
The NZD/USD pair extended its upside during Monday's session ahead of the Asian open, climbing near the 0.5900 zone and logging a daily gain of nearly 1%.
AUD/JPY Price Analysis: Mild rebound continues despite broader bearish technical backdrop
The AUD/JPY pair edged higher during Monday's session ahead of the Asian open, extending a modest rebound that left it trading around the 90.50 area.
US Treasury Secretary Bessent: There doesn't have to be decoupling with China, but there could be
United States (US) Treasury Secretary Scott Bessent noted on Monday that the US isn't even close to any emergency scenarios that nobody was even worried about to begin with, and reiterated that the US will be pursuing "fair" trade negotiations with countries looking to secure exemptions from tariffs
Australian Dollar pulls back as US Dollar attempts recovery from multi-year lows
The Australian Dollar gave up its earlier strength on Monday, falling from session highs near 0.6340 to trade closer to the 0.6280 area during North American hours. The reversal came as the US Dollar Index (DXY) attempted a modest bounce off its three-year low near the 99.00 mark.
Forex Today: RBA Minutes and UK jobs report gather attention
The Greenback extended its negative bias, entering its fourth consecutive week of losses amid the generalised improvement in the sentiment around the risk-linked galaxy and somewhat mitigated jitters on the US-China trade war front.
US Dollar trims losses after early slide, stagflation worries remain
The US Dollar Index (DXY) recovered slightly in Monday's North American session after dropping to its lowest point since 2022. Trading around the 99.60 area, the index attempted to stabilize as investors reacted to signs of rising stagflation risks.
Canadian Dollar snaps three-day win streak as BoC rate call looms
The Canadian Dollar (CAD) appears to have run out of steam, snapping a three-day winstreak and paring some of its newfound gains against the US Dollar.
Fed's Waller: Tariffs are the biggest shock to affect US economy
Fed Governor Christopher Waller said the Trump administration's tariffs posed a significant shock to the US economy that might force the Fed to cut rates to avert a recession, though they could also be just a negotiating tactic with minimal lasting impact.
NY Fed Consumer Sentiment Survey: more households expect worse financial conditions
According to a consumer sentiment survey from the Federal Reserve (Fed) Bank of New York, the share of households bracing for higher inflation, worsening employment prospects, and deteriorating credit conditions has risen rapidly in recent months.
Dow Jones Industrial Average struggles to hold onto tariff-fueled gains
The Dow Jones Industrial Average (DJIA) kicked off Monday on a strong note, getting dragged higher by a general recovery fueled by a fresh spark in the tech rally.
Trump targets drug imports with tariff threats
US President Donald Trump signaled a tougher stance on imported pharmaceuticals during a speech on April 14. The president said, "We will do tariffs on imported pharmaceuticals" and added that such tariffs are coming "in not too distant future."
Tokyo and Washington prepare for crucial trade talks - Rabobank
The world will be watching the Japan/US trade talks that are due to start in Washington on Thursday. Japan is the first major country to have talks with the Trump administration since the Rose Garden tariff address on April 2, Rabobank's FX analyst Jane Foley notes.
GBP/USD looks firm and retargets 1.3200 and beyond
GBP/USD revisits the 1.3200 area at the beginning of the week.
EUR/USD Price Analysis: Bulls remain in control near 1.1400 despite mixed signals
The EUR/USD pair showed mild downside on Monday's session after the European close, though it continued to hover around the 1.1400 region.
WTI trades higher above $61.00 on diminishing fears of global trade war
West Texas Intermediate (WTI), futures on NYMEX, rises to near $61.30 during North American trading hours on Monday. The Oil price gains as fears of a global trade war have diminished. Investors expect that the trade war will remain confined between the United States (US) and China.
AUD/USD turns upside down as US Dollar bounces back
The AUD/USD pair gives up its intraday gains and turns negative during North American trading hours on Monday.
GBP up 0.6% and outperforming - Scotiabank
Pound Sterling (GBP) is up 0.6% vs. the US Dollar (USD) and outperforming most of the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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