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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.
USD/CNH: Upward momentum has slowed - UOB Group
Brief decline did not lead to a clear increase in downward momentum; USD is likely to trade in a 7.2550/7.2750 range.
AUD/USD: RBA leaves the cash rate target unchanged - BBH
AUD/USD retraced some of yesterday's sharp losses triggered by the broad sell-off in risk assets, BBH's FX analysts report.
White House aides draft proposal to impose tariffs of around 20 % on most imports to US - WaPo
Citing sources familiar with the matter, the Washington Post reported on Tuesday that White House aides have drafted a proposal to impose tariffs of around 20% on most imports to the United States, per Reuters.
USD/JPY: Likely to trade in a range between 149.00 and 150.50 - UOB Group
Instead of continuing to decline, US Dollar (USD) is more likely to trade in a range between 149.00 and 150.50 vs Japanese Yen (JPY).
USD/JPY is trading close to 150.00 - BBH
USD/JPY is consolidating around 150.00, BBH's FX analysts report.
EUR/USD edges higher after preliminary Eurozone HICP release, Trump's tariffs remain key
EUR/USD attracts some bids and ticks higher to near 1.0820 during the European trading session on Tuesday after the release of the preliminary Eurozone Harmonized Index of Consumer Prices (HICP) for March and the Eurozone Unemployment Rate for February.
Oil prices are trading higher - Danske Bank
Oil prices have rebounded lately, Danske Bank's FX analyst Stefan Mellin reports.
NZD/USD: Oversold decline has not stabilised - UOB Group
Oversold decline has not stabilised; New Zealand Dollar (NZD) could drop further, but a sustained break below 0.5640 is unlikely.
AUD/USD risks declining further - Societe Generale
AUD/USD downtrend has stalled after reaching 0.6080 in February.
SNB continues to intervene only cautiously - Commerzbank
Yesterday's figures on the Swiss National Bank's (SNB) foreign exchange interventions, which amounted to around 100 million in the fourth quarter, once again confirmed that the SNB is currently intervening in the foreign exchange market rather cautiously, Commerzbank's FX analyst Michael Pfister notes.
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Tuesday, according to FXStreet data.
AUD/USD: Chance to retest the 0.6220 level - UOB Group
Australian Dollar (AUD) could retest the 0.6220 level; any further decline is not expected to reach 0.6185.
USD: Data tests before tariffs - ING
The currency market caught up with the tariff threat at the start of this week, with the dollar stronger across the board, the yen supported, and high-beta currencies under pressure.
ECB's Rehn: If data verifies baseline, the right reaction should be to cut in April
European Central Bank (ECB) policymaker Olli Rehn commented on the Bank's interest rate outlook on Tuesday.
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