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Forex Today: Focus shift to US confidence and German morale
The Greenback extended its recovery to two-week highs near 104.40 following tariff headlines over the weekend, while concerns over a potential US slowdown seem to have mitigated somewhat.
USD/JPY Price Forecast: Clears 150.00 underpinned by US yields surge
The USD/JPY pair surged on Monday and climbed above the 150.00 mark for the first time since early March as tariff fears faded and US Treasury bond yields skyrocketed, pushing the major for over 0.81%.
US President Donald Trump teases tariff exemptions on "unavoidable" April 2 tariffs
United States (US) President Donald Trump has hit hyperspeed on his turnaround time on his own tariff threats on Monday.
US Dollar is resilient on Fed caution, strong service sector data
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, held its upward momentum on Monday, tallying a four-day recovery.
Fed's Bostic only sees one rate cut this year
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic struck a cautious chord on Monday, warning that economic uncertainty will continue to weigh on Fed decision-making as the US's self-styled trade war continues to build pressure within the economy.
Mexican Peso rallies as tariff fears ease, eyes on Banxico's decision
The Mexican Peso (MXN) stages a recovery against the US Dollar (USD), appreciating over 0.64% amid relief of reciprocal tariffs imposed by the United States (US).
US President Donald Trump reiterates new-old tariff threats
United States (US) President Donald Trump spoke with reporters in Washington, DC on Monday, re-announcing plans to issue additional tariffs on automobiles, aluminum, and pharmaceuticals "soon".
EUR/USD Price Analysis: Correction deepens as sellers eye key technical floor
During Monday's session after the European close, EUR/USD continued to retreat and was last seen moving around the 1.0800 area.
GBP/USD holds gains as mixed PMIs stir tariff jitters, eyes on UK inflation
The Pound Sterling (GBP) trims some of its earlier gains versus the US Dollar (USD) on Monday, begins the week on an upbeat mood after Flash PMIs in both sides of the Atlantic, came mixed.
US S&P Global Manufacturing PMI drops to 49.8 in March, Services PMI improves to 54.3
The economic activity in the US' private sector expanded at an accelerating pace in March, with the S&P Global Composite PMI rising to 53.5 (preliminary) from 51.6 in February.
GBP gains strongly from upper 1.28s on PMI beats - Scotiabank
UK PMI data for March were mixed. Manufacturing output weakened to 44.6 (from 46.9 and against forecasts for a rise to 47.2), Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR rebounds from support around 1.08 - Scotiabank
Stronger than forecast French PMI data across the board plus slightly disappointing German Services and Composite data resulted in some mixed Eurozone PMIs for March--an improvement in Manufacturing and the Composite readings over February but slightly weaker Services, Scotiabank's Chief FX Strategist Shaun Osborne notes.
CAD remains undervalued - Scotiabank
The Canadian Dollar (CAD) is modestly firmer on the session but still well within recent trading ranges, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD drifts as tariff threat eases slightly - Scotiabank
The US Dollar (USD) is mixed to slightly lower overall as FX markets continue to consolidate.
EUR/USD recovers to 1.0850 after mixed European PMIs
The EUR/USD pair edges higher and recovers to 1.0850 at the time of writing on Monday after facing some selling pressure at the end of the previous week, when it briefly broke below the 1.08 big figure level.
AUD/USD is consolidating above 0.6258 - BBH
AUD/USD is consolidating above last week's lows near 0.6258, BBH's FX analysts report.
USD/JPY is up near technical resistance at 150.00 - BBH
Japanese Yen (JPY) is underperforming most major currencies and USD/JPY is up near technical resistance at 150.00, BBH's FX analysts report.
USD/JPY: Rebound risk in the near term - OCBC
USD/JPY inched higher. Data and BoJ policy may take a back seat for now as the focus shifts to Trump's reciprocal tariffs on 2 Apr.
GBP: Downside risks arise from budget event - ING
EUR/GBP eased back below 0.840 last week following a modestly hawkish BoE meeting and broader unwinding of EUR longs, ING's FX analyst Francesco Pesole notes.
FXS Fed Sentiment Index recovers into hawkish territory following March meeting
The Federal Reserve (Fed) announced that it left the interest rate unchanged at 4.25%-4.5% after the march 18-19 policy meeting.
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