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SEK: The preferred channel of better European sentiment - ING
The Swedish krona continues to markedly outperform its G10 peers, as SEK appears the preferred way to play market optimism on a Ukraine-Russia peace deal and the boost in EU spending.
AUD/USD: Expected to trade between 0.6190 and 0.6250 - UOB Group
Australian Dollar (AUD) is expected to trade between 0.6190 and 0.6250 vs US Dollar (USD). In the longer run, AUD must break and remain below 0.6190 before a move to 0.6155 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
US Dollar Index breaks below 106.50 despite risk-off sentiment due to global tariff fears
The US Dollar Index (DXY), which measures the US Dollar (USD) against six major currencies, extends its losses for the second successive session, trading around 106.30 during the European hours on Tuesday.
DXY: Dragged lower by UST yields - OCBC
USD continued to trade lower, owing to the precipitous fall in UST yields and continued moderation in US exceptionalism. DXY was last at 106.27 levels.
JPY: One of the few beneficiaries - ING
The shift to defensive FX positioning is helping the Japanese yen, ING's FX analyst Chris Turner notes.
GBP/USD: Can test the major resistance at 1.2730 - UOB Group
Pound Sterling (GBP) could test the major resistance at 1.2730 vs US Dollar (USD); a break of this level is not ruled out, but 1.2770 is unlikely to come into view.
USD: Tariffs are dollar positive, an equity correction is not - ING
During President Trump's first term in office, we felt the sequencing of tax cuts (late 2017) and then tariffs (March 2018-August 2019) were key reasons for a strengthening dollar. In other words, the US economy had some fiscal support before tariff wars were waged.
EUR/USD: There is scope for EUR to rally further - UOB Group
Strong momentum indicates there is scope for Euro (EUR) to rally further vs US Dollar (USD); the significant resistance at 1.0530 could be just out of reach.
NZD/USD Price Forecast: Remains subdued near 0.5600 support amid prevailing bearish bias
The NZD/USD pair loses ground following the previous session's gains, trading around 0.5610 during European trading hours on Tuesday.
EUR/USD: 2-way trades likely unless 100-DMA breaks - OCBC
Euro (EUR) continued to drift higher vs US Dollar (USD) as European leaders were seen coming together to offer Ukraine support, fuelling expectations for a higher defence spending. Pair was last at 1.0495 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR: European defence spending narrative looks overblown - ING
EUR/USD had a decent rally yesterday as investors focused on the explosive rally in European defence stocks. That Europe needs to spend a lot more on defence now is not in doubt. The question is what does it mean for FX?
EUR/USD steadies on Ukraine peace plan, ECB policy in focus
EUR/USD holds onto gains near the key level of 1.0500 in Tuesday's European session.
AUD/JPY trades near 93.00, downside risks appear amid tariff concerns
AUD/JPY continues its decline, hovering around 92.80 during early European trading on Tuesday.
Forex Today: Markets remain on edge as Trump tariffs take effect
Here is what you need to know on Tuesday, March 4: Following Monday's volatile action, investors cling to a cautious stance early Tuesday, while assessing the latest developments surrounding the US tariff policy and retaliatory measures against it.
EUR/GBP holds positive ground above 0.8250 on Ukraine peace plan
The EUR/GBP cross trades in positive territory for the second consecutive days around 0.8255 during the early European session on Tuesday.
China announces extra tariffs of up to 15% on imports of major US farm exports
China's Commerce Ministry announced on Tuesday that it will slap additional tariffs of upto 15% on imports of key farm products, including chicken, pork, soy and beef from the United States (US).
FX option expiries for Mar 4 NY cut
FX option expiries for Mar 4 NY cut at 10:00 Eastern Time via DTCC can be found below.
USD/CHF remains under pressure near 0.8950 as Swiss Franc strengthens on safe-haven demand
USD/CHF remains under pressure for the second consecutive day, hovering around 0.8960 during Tuesday's Asian session.
USD/CAD Price Forecast: Seems poised to surpass 61.8% Fibo. hurdle near mid-1.4500s
The USD/CAD pair holds steady around the 1.4500 psychological mark during the Asian session on Tuesday and remains close to a one-month top touched the previous day.
EUR/JPY tumbles below 156.50 amid safe-haven demand
The EUR/JPY cross falls to near 156.25 during the Europeam session on Tuesday.
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