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BoJ's Uchida: Don't have a preset idea in mind on the pace of future rate hikes
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Wednesday, I "don't have a preset idea in mind on the pace of future rate hikes." Further comments Don't have a preset idea in mind on the pace of future rate hikes.
Japan's Kato: Shared views on FX with US counterpart
Japan's Finance Minister Katsunobu Kato said on Wednesday that I "have shared views on FX with US counterpart." Kato further noted: I "have shared views with US counterpart that FX rates are determined by markets and excessive volatility negatively impacts the economy, financial stability." .
USD/JPY drifts higher above 149.50 as Trump speaks
The USD/JPY pair attracts some buyers to around 149.75 during the Asian trading hours on Tuesday.
US President Trump: Will impose tariffs on products not made in the US
US President Donald Trump is addressing a joint session of Congress at the Capitol Building, in Washington DC, on Wednesday.
USD/INR holds steady ahead of Indian PMI data
The Indian Rupee (INR) flat lines on Wednesday. The rising US Dollar (USD) buying by foreign banks and Indian importers, especially local oil companies, might exert some selling pressure on the local currency.
NZD/USD trades flat around 0.5650 despite upbeat China Services PMI, Governor Orr resigns
NZD/USD trims its daily gains, trading around 0.5650 during Asian hours on Wednesday.
BoJ's Uchida: If forecasts met the Bank will adjust policy further
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Wednesday, "if forecasts met the Bank will adjust policy further." Additional quotes If forecasts met the Bank will adjust policy further.
China's Caixin Services PMI surprisingly jumps to 51.4 in February vs. 50.8 expected
China's Services Purchasing Managers' Index (PMI) unexpectedly firmed to 51.4 in February from 51 in January, the latest data published by Caixin showed Wednesday.
Australian Dollar holds gains following key economic data release
The Australian Dollar (AUD) extends its gains for the third consecutive session on Wednesday.
China's Finance Ministry says will step up the pace of fiscal spending
China's finance ministry stated early Wednesday that the government will increase the intensity of fiscal spending and will adopt more proactive, sustainable, robust, and effective fiscal policies in 2025.
US President Donald Trump readies order to bolster US shipbuilders and punish China - WSJ
The Wall Street Journal reported early Wednesday that the Trump administration is preparing an executive order to bolster US shipbuilders and cut Chinese dominance of the global maritime industry.
China unveils 2025 growth goals around 5%
Chinese authorities said early Wednesday that it will target economic growth for 2025 around 5% and will target CPI for 2025 at 2%.
EUR/USD rallies hard as markets bet on tariff pivot
EUR/USD pinned the gas pedal on Tuesday, surging 1.4% and climbing 140 pips in a single session as markets sell off the US Dollar and bet that US President Donald Trump will find a reason to walk back his own tariff threats.
USD/CAD tumbles to near 1.4400 amid trade tensions
The USD/CAD pair extends the decline to near 1.4400 during the late American session on Tuesday.
NZD/JPY Price Forecast: Bounces off 7-month low, but downtrend remains
The NZD/JPY recovered some ground on Tuesday after dropping to a seven-month low of 83.15.
RBA's Hauser: Measures of global trade uncertainty are at 50-year highs
Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said early Tuesday that the measures of global trade uncertainty are at 50-year highs.
USD/JPY Price Forecast: Rebounds but struggles at 150.00 amid bearish pressure
The USD/JPY advances some 0.17% late during the North American session, yet it remains shy of the 150.00 figure after slumping to a new year-to-date (YTD) low of 148.09.
Australia Gross Domestic Product set to show a modest uptick in the last quarter of 2024
Australian Gross Domestic Product is foreseen at 0.5% in the last quarter of 2024.
US Treasury Secretary Lutnick: Trump may roll back Canada and Mexico tariffs tomorrow
US Commerce Secretary Howard Lutnick, during a televised interview on Fox News, hinted that US President Donald Trump may be preparing to pivot on his own tariffs less than 48 hours after imposing them.
Canadian Dollar roils on Tuesday as US tariffs begin
The Canadian Dollar churn on the charts on Tuesday, roiling inside of its technical cage, but stuck close to the 1.4500 handle against the Greenback.
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