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WTI falls below $59.50 due to escalating US-China tensions, OPEC+ supply boost
West Texas Intermediate (WTI) crude oil price fell for a second straight session, trading around $59.30 per barrel during Asian hours on Friday. The decline comes amid rising US-China trade tensions, which are clouding the demand outlook.
PBOC: Discussed impact of US tariffs in the ASEAN meeting
The People's Bank of China (PBOC) released a statement on Friday, citing that China's deputy central bank governor attended the ASEAN and China, Japan and South Korea finance and central bank deputies meeting on April 8 and 9.
USD/JPY tumbles to near 143.50 amid tariff worries
The USD/JPY pair extends its downside to around 143.55 during the Asian trading hours on Friday, pressured by the weaker US Dollar (USD).
Australian Dollar extends gains despite increased risk sentiment
The Australian Dollar (AUD) extends its gains for the third successive session against the US Dollar (USD) on Friday. However, the upside of the AUD/USD pair could be restrained as the White House confirmed that the cumulative US tariffs on Chinese goods have risen to 145%.
USD/CAD extends downside below 1.3950 on weaker US Dollar
The USD/CAD pair extends the decline to around 1.3920 during the early Asian session on Friday. The US Dollar (USD) weakens against the Loonie amid persistent concerns over the global and US economies.
Japan's Kato: Excess FX volatility negatively impacts the economy
Japan's Finance Minister Shunichi Kato said early Friday that foreign exchange rates should be set by markets, adding that excess FX volatility negatively impacts the Japanese economy.
EC President von der Leyen: EU could tax Big Tech if Trump trade talks fail
European Commission President Ursula von der Leyen said early Friday that the European Union (EU) is ready to use its most powerful trade measures and may impose levies on US digital companies if negotiations with US President Donald Trump fail to end his tariff war against Europe, per Financial Tim
EUR/USD surges higher as tariff walk-back eases tensions further
EUR/USD roared into its highest bids in nearly two years on Thursday, breaching and closing above the 1.1200 handle for the first time in 21 months.
US President Donald Trump warns tariffs, sanctions on Mexico over water treaty - Reuters
Reuters reported early Friday that US President Donald Trump is likely to retaliate on trade if Mexico doesn't deliver water to the United States.
Gold Price Forecast: XAU/USD rises to record high near $3,200 on US-China tariff war
The Gold price (XAU/USD) surges to near an all-time high around $3,190 during the early Asian session on Friday. The weakening of the US Dollar (USD) and escalating trade war between the United States (US) and China provide some support to the precious metal, a traditional safe haven asset.
GBP/USD lurches higher as risk aversion abates
GBP/USD took another bullish step higher on Thursday, bolstered by a broad-base weakening in Greenback demand after US Consumer Price Index (CPI) inflation cooled even faster than expected.
AUD/JPY Price Analysis: Bearish momentum continues as pair trades near 90.00 zone ahead of Asia
The AUD/JPY pair extended its downside during Thursday's session, retreating toward the 90.00 area as bearish sentiment continues to weigh on the pair. Price action is unfolding within a range defined by 88.914 and 91.110, with sellers maintaining control as the session heads into Asia.
Canadian Dollar catches bullish ride on tariff concerns
The Canadian Dollar (CAD) rose to four-year highs against the US Dollar (USD) on Thursday, bolstered by a general weakening in Greenback demand.
Fed's Collins: Tariffs could push core inflation well above 3% this year
Federal Reserve (Fed) Bank of Boston President Susan Collins joined the ever-growing stream of Fed policymakers standing up and flashing loud warning signs that ongoing uncertainty at the hand of the Trump administration's constantly waffling tariff policy stance will continue to weigh on the Fed's
NZD/USD Price Analysis: Kiwi trades near 0.5700 as short-term bullish bias builds momentum
The NZD/USD pair extended its upside momentum during Thursday's session, climbing toward the 0.5700 area after posting notable intraday gains. The pair remains comfortably positioned within its daily range of 0.56282 to 0.57656, reflecting growing bullish sentiment in the short term.
Australian Dollar climbs above 0.6200 amid broad USD weakness and trade jitters
The Australian Dollar (AUD) extended its advance on Thursday, climbing toward the 0.6240 zone during the American session. The pair built on recent strength as the US Dollar Index (DXY) slid further toward multi-month lows near the 101 area.
Forex Today: Focus remains on US inflation, this time with Producer Prices
The Greenback plummeted to fresh lows amid persistent concerns over the US-China trade war and its potential impact on both the global and US economies.
Fed's Goolsbee: The bar for Fed policy change is now pretty high
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee hit newswires for a second time on Thursday, adding extra caution that ongoing trade tensions will continue to make it harder, not easier, for the Fed to adjust policy rates, regardless of how much the markets and the Trump administrati
US Dollar falls as tariffs and Fed concerns fuel bearish mood
The US Dollar Index (DXY) trades near the 101 area in Thursday's session, falling further after failing to hold recovery momentum from earlier in the week. The move comes as new tariff measures confirmed by the White House send the effective rate on Chinese imports to a staggering 145%.
Dow Jones Industrial Average pares gains as markets brace for ongoing trade tensions
The Dow Jones Industrial Average (DJIA) eased lower on Thursday, backsliding below the 40,000 handle as investors rethink this week's record-setting surge after the Trump administration announced yet another last-minute pivot away from its own confusing tariffs.
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