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GBP/USD falls to near 1.2850 following renewed US-China trade tension
The GBP/USD pair snapped its two-day winning streak, retreating to around 1.2850 during Asian trading hours on Thursday. The British Pound (GBP) came under pressure following the release of weaker-than-expected data from the RICS Housing Price Balance, which showed just a 2% increase in March.
Chinese sellers on Amazon to hike prices or exit the US on Trump's tariff blow - Association head
Wang Xin, the head of the Shenzhen Cross-Border E-Commerce Association, which represents more than 3,000 Amazon sellers, told Reuters on Thursday that Chinese companies that sell products on Amazon are considering hiking prices for the United States (US) or looking to find new markets due to a big b
NZ FinMin Willis: RBNZ has ample room to lower interest rates if needed
New Zealand (NZ) Finance Minister Nicola Willis said on Thursday that the Reserve Bank of New Zealand (RBNZ) has ample room to lower interest rates if needed.
Silver Price Forecast: XAG/USD holds gains above $31.00 due to renewed safe-haven demand
Silver price (XAG/USD) continues to climb for the second straight day, trading near $31.10 per troy ounce during Thursday's Asian session. The grey metal surged nearly 4% in the previous session, fueled by renewed safe-haven demand following escalating US-China trade tensions.
US CPI data expected to show inflation eased in March, supporting dovish Fed rate cut path
The United States (US) Bureau of Labor Statistics (BLS) is set to publish the high-impact Consumer Price Index (CPI) inflation report for March on Thursday at 12:30 GMT.
WTI declines below $61.50 as trade war escalates
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.45 during the early Asian session on Thursday. The WTI price tumbles amid the escalating trade war between the US and China, and fears of a slowdown in economic growth and energy demand.
Japanese Yen strengthens in reaction to stronger PPI print from Japan
The Japanese Yen (JPY) regained positive traction during the Asian session on Thursday in reaction to the stronger-than-expected release of the Producer Price Index (PPI), which keeps the door open for further rate hikes by the Bank of Japan (BoJ).
Australian Dollar remains subdued following China's CPI data
The Australian Dollar (AUD) edged lower against the US Dollar (USD) on Thursday, retracing some of its over 3% gain from the previous session.
NZD/USD weakens below 0.5650 as China's CPI falls in March
The NZD/USD pair softens to near 0.5630 during the early Asian section on Thursday. The New Zealand Dollar (NZD) remains weak against the Greenback after the release of China's Consumer Price Index (CPI) report. Later on Thursday, the attention will shift to the US March CPI inflation data.
Breaking: China's CPI inflation arrives at -0.1% YoY in March vs. 0.1% expected
China's Consumer Price Index (CPI) dropped at an annual pace of 0.1% in March after declining 0.7% in February. Markets estimated a 0.1% growth in the reported period.
PBOC sets USD/CNY reference rate at 7.2092 vs. 7.2066 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.2092 as compared to the previous day's fix of 7.2066 and 7.3484 Reuters estimate.
China prepares a trade war arsenal that takes aim at US companies - WSJ
The Wall Street Journal reported late Wednesday that China had talks with European Union (EU) trade chief Maros Sefcovic, adding that China is willing to deepen China-EU trade, investment and industrial cooperation.
USD/CAD strengthens above 1.4100 on tariff pause
The USD/CAD pair recovers some lost ground to near 1.4105 during the early Asian session on Thursday. The US Dollar (USD) edges higher against the Canadian Dollar (CAD) due to US President Donald Trump's announcement of a 90-day delay on reciprocal tariffs.
EUR/USD misses the boat on market-wide tariff relief rally
EUR/USD remains bogged down on the carts, caught in the much between 1.1000 and 1.0900 despite a broad-market recovery in investor risk appetite after the US once again pivoted away from its own tariff policies.
GBP/USD explores further upside as market sentiment rebounds after tariff delay
GBP/USD tested higher on Wednesday, climbing back over the 1.2800 handle after broad-market sentiment recovered across the board. The Trump administration has once again pivoted away from its own "no exceptions, no delays" tariff policy, and has again delayed tariffs, this time for 90 days.
Gold Price Forecast: XAU/USD drifts higher above $3,050 amid escalating US-China trade tensions
The Gold price (XAU/USD) edges higher to around $3,080 during the late American session on Wednesday. The safe-haven demand amid escalating trade tensions between the United States and China provides some support to the precious metal.
Canada PM Carney: Pause on reciprocal tariffs welcome reprieve for the global economy
Canadian Prime Minister Mark Carney said late Wednesday that a pause on reciprocal tariffs announced by US President Donald Trump is a welcome reprieve for the global economy.
Fed's Kashkari: Bar for cutting rates remains high
Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari noted on Wednesday that increased market volatility at the hands of constantly-waffling US trade policy will continue to make it harder, not easier, for the Fed to engage in rate adjustments, especially as still-existing tariffs conti
AUD/JPY Price Analysis: Cross jumps sharply but bearish signals persist
The AUD/JPY pair staged a sharp rebound on Wednesday's session ahead of the Asian open, climbing toward the 91.00 area after rising more than 4% during the day.
Fed's Hammack: I prefer to wait than move in the wrong direction with rates
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack joined the ever-growing chorus of Fed policymakers taking a hard cautious stance to interest rate forecasts, cautioning that uncertainty wrapped up in US trade policy will continue to make it difficult for the Fed to engage in market-smo
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