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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.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
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."
DXY: 2-way trades into event risk - OCBC
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.
Gold price stabilizes ahead of Trump's tariffs announcement on "Liberation Day"
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.
GBP/USD: Expected to trade in a sideways range of 1.2885/1.2945 - UOB Group
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.
Liberation Day - but at what price? - Commerzbank
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.
AUD/USD climbs to fresh weekly top, retakes 0.6300 ahead of Trump's reciprocal tariffs
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.
EUR/USD: Current price movements are likely part of a range trading phase - UOB Group
Slight increase in downward momentum is likely to lead to a lower range of 1.0770/1.0820 instead of a sustained decline.
EUR: Room to price in more tariff risk - ING
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.
Palladium price today: Rare metals mixed at the start of the European session
Platinum Group Metals (PGMs) trade mixed at the beginning of Wednesday, according to FXStreet data.
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session.
Pound Sterling consolidates against US Dollar ahead of Trump's tariffs announcement
The Pound Sterling (GBP) trades sideways around 1.2900 against the US Dollar (USD) in Wednesday's European session.
ADP Employment Change projected to show US job growth gaining in March
The US labor market is poised to steal the spotlight this week as concerns over a potential slowdown in economic momentum remain on the rise -- an unease fueled by recent signs of slower growth and troubling underlying data, aggravated by the ongoing uncertainty surrounding US tariffs.
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