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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.
Silver Price Forecast: XAG/USD faces pressure around $34, Trump tariffs remain key
Silver price (XAG/USD) trades cautiously around $34.00 in Tuesday's North American session.
GBP/USD: Manufacturing PMI above forecasts but still weak - Scotiabank
Pound Sterling (GBP) is entering the NA session largely unchanged from Monday's close, a mid-performer among its G10 peers, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR slightly softer but maintains range near 1.08 - Scotiabank
Euro (EUR) is underperforming with a modest 0.2% decline vs.
CAD little changed overnight - Scotiabank
The Canadian Dollar (CAD) is little changed. Spot nudged up to the 1.44 area in overnight trade but remains close to yesterday's closing levels as markets settle into a holding pattern ahead of US tariffs and the global response to them, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD trades mixed as markets await tariff news - Scotiabank
The US Dollar (USD) is trading mixed to slightly weaker against its major currency peers as markets chop around ahead of tomorrow's tariff announcement from the White House.
EUR/USD Price Forecast: Sellers hold the grip as Liberation Day looms
Financial markets remain wary on Tuesday, although panic seen at the start of the week receded. The EUR/USD pair trades a handful of pips below the 1.0800 mark early in the American session, with a slight downward bias as per still finding sellers on intraday spikes.
Reuters Poll: 19 of 51 FX strategists concerned about the USD's safe-haven status
19 of 51 FX strategists polled by Reuters noted that they are concerned about the US Dollar's (USD) status as a safe-haven.
China: Q1 growth likely remained solid at 5.2% y/y - Standard Chartered
March PMIs beat market expectations, although Q1 momentum softened from Q4-2024.
AUD/USD trades flat around 0.6250 after RBA's monetary policy decision
The AUD/USD pair turns sideways around 0.6250 in Tuesday's European session.
US Dollar stuck ahead of Trump's tariff 'Liberation Day'
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is consolidating further this week with highs and lows coming in closer to one another at the 104.00 round level this Tuesday.
USD/CNH seems firmer on the day - BBH
USD/CNH is firmer on heightened trade-related uncertainties, BBH's FX analysts report.
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