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Australian Dollar eyes further upside amid softer US Dollar and tariff caution
The Australian Dollar (AUD) trades steady around the region 0.6300 against the US Dollar (USD) during Thursday's American session.
Banxico cuts rates by 50 bps to 9%, signals further easing
On Thursday, the Banco de México (Banxico) reduced its interest rate by 50 basis points, from 9.50% to 9%, and opened the door for additional adjustments to calibrate monetary policy and make similar adjustments.
Canadian Prime Minister Mark Carney: We will fight the US tariffs with actions of our own
Canadian Prime Minister Mark Carney cautioned markets that the Canadian government is both ready and willing to start retaliatory trade actions against US President Donald Trump.
Forex Today: US PCE takes centre stage, UK GDP gathers attention in Europe
The Greenback faced the resurgence of the selling pressure, receding from the area of three-week highs amid mixed developments in US yields, steady tariff fears and expectation ahead of the release of US PCE on Friday.
Gold price hits record high as Trump tariffs trigger trade war fears
Gold price uptrend continued on Thursday with the yellow metal hitting a new record high of $3,059 amid uncertainty over trade policies enacted by US President Donald Trump, which escalated the trade war by imposing tariffs on automobiles.
Dow Jones Industrial Average recoils again as risk aversion sets in
The Dow Jones Industrial Average (DJIA) headed lower for a second straight day on Thursday, declining another 100 points to fall one-quarter of one percent.
US Dollar drifts lower after GDP beat and tariff-driven rally
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, trades marginally lower on Thursday near the 104.40 area after giving back early-session gains.
Mexican Peso tanks to 2-week low as Trump's auto tariffs roil markets,
The Mexican Peso is feeling the pain of tariffs, depreciating for the second consecutive day against the US Dollar after US President Donald Trump signed an executive order to apply tariffs on auto imports from all countries.
EUR/USD Price Analysis: Climbs near daily highs with bullish trend intact
The EUR/USD pair extended gains on Thursday, moving closer to the top of its daily range near the 1.0780 area after the European session.
GBP/USD climbs despite Trump's auto tariffs, markets bet on UK exemption
The Pound Sterling rises during the North American session, against the Greenback even though the US President Donald Trump enacted automotive tariffs on all cars made outside of the United States (US).
Breaking: Gold climbs to record highs around $3,060
Prices of Gold rose to an all-time peak around the $3,060 mark per troy ounce on Thursday, following the downward trend in the US Dollar, mixed US yields, and rising uncertainty surrounding the White House's trade policy.
USD/JPY refreshes three-week high near 151.00 despite correction in US Dollar
The USD/JPY pair posts a fresh three-week high near 151.00 during North American trading hours on Thursday.
AUD/USD Price Forecast: Wobbles around 0.6300
The AUD/USD pair trades sideways around 0.6300 in Thursday's North American session.
ECB's de Guindos: We are optimistic with regard to inflation
European Central Bank (ECB) Vice President Luis de Guindos said on Thursday that they are optimistic with regard to inflation and that they believe they will converge towards the inflation target on a stable basis in coming quarters, per Reuters.
US GDP expands by 2.4% in Q4 vs. 2.3% in previous estimate
The US Bureau of Economic Analysis (BEA) reported on Thursday that the United States' Gross Domestic Product (GDP) expanded at an annual rate of 2.4% in the fourth quarter. This reading came in above the market expectation and the previous estimate of 2.3%.
US: Initial Jobless Claims dropped a tad to 224K last week
US citizens filing new applications for unemployment insurance ticked lower to 224K for the week ending March 22, as reported by the US Department of Labor (DOL) on Thursday.
EU Commission: EU preparing response to new import tariffs announced by US
The European Union is preparing its response to new import tariffs announced by the United States, a spokesperson for the European commission said on Thursday, per Reuters.
US Dollar flat amidst more tariff uncertainty, ahead of GDP
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is currently flat to marginally lower after paring back earlier gains at 104.49 at the time of writing on Thursday.
Silver Price Forecast: XAG/USD jumps to near $34 as Trump's tariffs stoke global uncertainty
Silver price (XAG/USD) advances to near $34.00 during European trading hours on Thursday.
ECB's de Galhau: Increase in long-term yields tightens financial conditions
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said Thursday that "an increase in long-term yields, all things being equal, tightens financial conditions."
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