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European Central Bank (ECB) board member Isabel Schnabel said on Wednesday that trade fragmentation is structurally harmful for economic growth and inflation, per Reuters.

Created : 2025.04.02 19:41

Last updated : 2025.04.02

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.

Created : 2025.04.02 19:39

Last updated : 2025.04.02

The NZD/USD pair advances to near 0.5745 during European trading hours on Wednesday.

Created : 2025.04.02 19:21

Last updated : 2025.04.02

Despite 'Liberation Day' announcements, we expect uncertainty to remain high over the coming months. Heightened trade policy uncertainty could potentially lower global GDP by c.1.0-1.5%. Most of this drop would reflect a decline in US output and that of other major economies.

Created : 2025.04.02 19:07

Last updated : 2025.04.02

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.

Created : 2025.04.02 18:55

Last updated : 2025.04.02

EUR/USD wobbles around 1.0800 during European trading hours on Wednesday.

Created : 2025.04.02 18:49

Last updated : 2025.04.02

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.

Created : 2025.04.02 18:42

Last updated : 2025.04.02

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.

Created : 2025.04.02 18:38

Last updated : 2025.04.02

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.

Created : 2025.04.02 18:36

Last updated : 2025.04.02

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.

Created : 2025.04.02 18:31

Last updated : 2025.04.02

Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.

Created : 2025.04.02 18:31

Last updated : 2025.04.02

European Central Bank (ECB) policymaker Olli Rehn said on Wednesday, "trade protectionism is a key risk to economic outlook."

Created : 2025.04.02 18:29

Last updated : 2025.04.02

European Central Bank (ECB) President Christine Lagarde warned on Wednesday, "tariffs aren't good for the global economy."

Created : 2025.04.02 18:26

Last updated : 2025.04.02

US Dollar (USD) held steady as markets await reciprocal tariff announcement on 2 Apr (4pm ET/4am SGT Thurs morning). There are reports to suggest that Trump's team is still in the midst of finalising tariffs, with options ranging from reciprocal to tiered to universal tariffs.

Created : 2025.04.02 18:22

Last updated : 2025.04.02

Gold price (XAU/USD) stabilizes just above $3,130 at the time of writing on Wednesday following a mean reversal move the prior day after a fresh all-time high got eked out at $3,149 before closing in negative territory.

Created : 2025.04.02 18:21

Last updated : 2025.04.02

Pound Sterling (GBP) is expected to trade in a sideways range of 1.2885/1.2945 vs US Dollar (USD). In the longer run, current price movements are likely part of a range trading phase, expected to be between 1.2850 and 1.3050, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Created : 2025.04.02 18:11

Last updated : 2025.04.02

The uncertainty that Trump's policy brings with it, through his many U-turns, his erratic statements and his cancellation of long-standing agreements and treaties.

Created : 2025.04.02 18:01

Last updated : 2025.04.02

The AUD/USD pair attracts some follow-through buyers for the second consecutive day and recovers further from a nearly four-week low, around the 0.6220-0.6215 area touched on Monday.

Created : 2025.04.02 18:00

Last updated : 2025.04.02

Slight increase in downward momentum is likely to lead to a lower range of 1.0770/1.0820 instead of a sustained decline.

Created : 2025.04.02 17:49

Last updated : 2025.04.02

EUR/USD has softened a bit into today's tariff event, but price action suggests strong buying interest below 1.080, in another sign that markets aren't ready to sink their teeth on a negative, tariff-led euro narrative, ING's FX analysts Francesco Pesole notes.

Created : 2025.04.02 17:30

Last updated : 2025.04.02