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PBOC sets USD/CNY reference rate at 7.1793 vs. 7.1775 previous
On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1793 as compared to the previous day's fix of 7.1775 and 7.2663 Reuters estimate.
EUR/USD consolidates as traders holder their breath ahead of tariffs
EUR/USD stuck to familiar levels on Tuesday, churning chart paper close to the 1.0800 handle as investors brace for US President Donald Trump's long-threatened "reciprocal" tariffs package, due to be announced on Wednesday at 1900 GMT (4 pm EST).
RBA's Kent says will raise new OMO repo rate by 5bp to 10bp above cash rate target
Reserve Bank of Australia (RBA) Assistant Governor Christopher Kent late Tuesday outlined some changes to repo rates but stated that the changes have no implications for the stance of the bank's monetary policy.
US Treasury Sec. Bessent says Trump will announce a maximum for tariffs, countries can then bring them down
US Treasury Secretary Scott Bessent said late Tuesday that the amounts announced on Wednesday are the highest the tariffs will go.
USD/CAD extends the decline below 1.4300 ahead of Trump's tariff announcement
The USD/CAD pair extends the decline to around 1.4295 during the late American session on Tuesday.
GBP/USD holds flat as markets await tariffs
GBP/USD flatlined on Tuesday, churning just above the 1.2900 handle as investors buckle down for the wait to US President Donald Trump's long-awaited tariff announcements slated for Wednesday evening.
Fed's Goolsbee: Hard data strong, soft data almost cratering
Federal Reserve Bank of Chicago President Austan Goolsbee said late Tuesday that US hard data are strong, but soft data are almost cratering.
GBP/JPY Price Forecast: Rebounds after hammer, eyes on 200-day SMA breakout
The GBP/JPY begins Wednesday's Asian session on a positive note, after posting losses of 0.22% on Tuesday, as investors grew risk-averse due to US trade policies.
NZD/USD Price Analysis: Pair rises near 0.5700, but bearish pressure still dominates
The NZD/USD pair showed modest bullish momentum on Tuesday's session, climbing slightly and hovering around the 0.57 zone ahead of the Asian session.
AUD/JPY Price Analysis: Pair holds below 94.00 as bearish bias lingers despite mild recovery
The AUD/JPY pair is showing mild intraday movement during Tuesday's session, trading just under the 94.00 mark ahead of the Asian opening.
Australian Dollar steadies near 0.6270 after RBA decision, tariffs in focus
The AUD/USD pair hovered around the 0.6270 region during Tuesday's American session, posting a moderate rebound following the Reserve Bank of Australia's (RBA) policy decision.
US Trade Representative office possibly preparing a third tariff option for President Trump
According to reporting by the Wall Street Journal, policy writers at the Office of the US Trade Representative are scrambling to put together a third tariff option to present to US President Donald Trump at the 11th hour.
US Dollar wavers as soft data dims economic outlook
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, trades near the 104.20 area on Tuesday, showing little directional bias after a series of soft US economic data releases.
Dow Jones stumbles in pre-tariff volatility
The Dow Jones Industrial Average (DJIA) kicked around the charts on Tuesday, declining after US Purchasing Managers Index (PMI) survey results came in worse than expected, but recovered ground after markets pivoted to hoping for a ramp-up in the Fed's rate-cutting cycle.
Mexican Peso firms as weak US data undermines US Dollar
The Mexican Peso (MXN) recovers some ground on Tuesday as traders brace for "Liberation Day" on Wednesday, when the United States (US) President, Donald Trump, is expected to announce additional tariffs aimed at reducing the trade deficit.
Forex Today: It is all about "Liberation Day"
The Greenback treaded water just above the 104.00 mark amid omnipresent trade concerns and investors' steady caution prior to the dubbed "Liberation Day".
EUR/USD Price Analysis: Pair holds near 1.0800 as mixed technical signals stall further momentum
The EUR/USD pair eased slightly on Tuesday's session after the European close, holding near the 1.0800 area.
GBP/USD steady near 1.2920 as weak ISM and tariff fears pressures US Dollar
The Pound Sterling trades with minuscule losses against the US Dollar following the release of the latest Manufacturing PMI from the Institute for Supply Management (ISM), suggesting that business conditions are deteriorating, with companies feeling the impact of tariffs.
US ISM Manufacturing PMI declines to 49 in March vs. 49.5 expected
The business activity in the US' manufacturing sector contracted in March, with the ISM Manufacturing Purchasing Managers Index (PMI) dropping to 49 from 50.3 in February.
USD/JPY tumbles to near 149.00 as Trump tariff fears improve Yen's safe-haven appeal
The USD/JPY pair falls sharply to near 149.00 during North American trading hours on Tuesday.
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