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USD/JPY trades cautiously around 149.50 with Trump's tariffs on the horizon
The USD/JPY pair trades with caution around 149.50 during North American trading hours on Wednesday.
USD/CAD edges higher to near 1.4330, Trump's tariff announcement in focus
The USD/CAD pair ticks higher to near 1.4330 in Wednesday's North American session.
ECB's Holzmann: Rates are at neutral level, no reason to become accommodative
European Central Bank policymaker Robert Holzmann, who dissented to the ECB's decision to cut key rates by 25 basis points after the March meeting, argued on Wednesday that they don't need to become more accommodative, per Reuters.
GBP off early session low - Scotiabank
Pound Sterling (GBP) is also quiet and extending is recent consolidation around 1.29 ahead of Wednesday's US tariff announcement, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR extends tight consolidation around 1.08 - Scotiabank
Euro (EUR) is extending its tight consolidation around 1.08 ahead of Wednesday's US tariff announcement, Scotiabank's Chief FX Strategist Shaun Osborne notes.
CAD is trading steady to slightly lower - Scotiabank
The Canadian Dollar (CAD) is little changed--and a relative, if minor, underperformer versus many of its peers, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD edges lower ahead of tariff news - Scotiabank
Welcome to Liberation Day. Tariffs are front and center for markets ahead of this afternoon's announcement from the White House, due around 4pm from the Rose Garden, Scotiabank's Chief FX Strategist Shaun Osborne notes.
US Dollar consolidates further ahead of Trump's reciprocal tariff announcement
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, consolidates for a second day in a row this week and hovers near 104.20 at the time of writing on Wednesday.
USD/JPY: Likely to trade in a range between 149.05 and 150.20 - UOB Group
US Dollar (USD) is likely to trade in a range between 149.05 and 150.20 vs Japanese Yen (JPY). In the longer run, USD appears to have moved into a 148.40/151.00 consolidation range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
ECB's Schnabel: Trade fragmentation is structurally harmful for economic growth and inflation
European Central Bank (ECB) board member Isabel Schnabel said on Wednesday that trade fragmentation is structurally harmful for economic growth and inflation, per Reuters.
NZD/USD: Above 0.5725, weakness in NZD has stabilised - UOB Group
New Zealand Dollar (NZD) could continue to rebound but any advance is likely part of a 0.5670/0.5725 range. In the longer run, if NZD breaks above 0.5725, it would mean that the weakness has stabilised, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZD/USD Price Forecast: Rallies to near 0.5750
The NZD/USD pair advances to near 0.5745 during European trading hours on Wednesday.
Norges Bank to stand pat for the time being - Commerzbank
As we expected, Norges Bank left the policy rate unchanged last week. After all, the interest rate path from December did not necessarily imply an interest rate cut in March.
EUR/USD flattens as investors await Trump's reciprocal tariff policy
EUR/USD wobbles around 1.0800 during European trading hours on Wednesday.
AUD/USD: Increase in momentum indicates AUD can continue to decline - UOB Group
Australian Dollar (AUD) is likely to trade in a 0.6250/0.6300 range vs US Dollar (USD). In the longer run, increase in momentum indicates AUD could continue to decline, but it is too early to determine if it can reach 0.6185, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBP: Testing the relative safe-haven status - ING
The UK's goods exports to the US are worth just below 2% of GDP compared to 3% for the eurozone. It is no massive difference, but the EU has been much more in the focus of Trump's confrontational foreign approach, ING's FX analysts Francesco Pesole notes.
USD/JPY: Bias to sell rallies - OCBC
USD/JPY remains caught in a 2-way trade between safe haven demand and JPY being directly hit by reciprocal tariffs. Pair was last at 149.60, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD: Tariff announcement at 10PM CET - ING
The market reaction to today's 'liberation day' will depend on the size of tariffs, geographical/sectorial distribution, and openness to negotiation. The announcement is due at 4PM ET/10PM CET, ING's FX analysts Francesco Pesole notes.
ECB's Rehn: Trade protectionism is a key risk to economic outlook
European Central Bank (ECB) policymaker Olli Rehn said on Wednesday, "trade protectionism is a key risk to economic outlook."
Lagarde speech: Tariffs aren't good for the global economy
European Central Bank (ECB) President Christine Lagarde warned on Wednesday, "tariffs aren't good for the global economy."
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