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GBP/USD rises to test new highs, absorbs Trump tariffs in stride
GBP/USD stepped into fresh bids at six-month highs on Wednesday after the Trump administration unveiled tariffs that overall came in better than many investors had feared based on President Donald Trump's cavalcade of tariff threats since taking up residence in the White House 72 days ago.
Canada PM Carney: We will impose counter measures on the United States
Canadian Prime Minister Mark Carney said on Wednesday that the country will fight US President Donald Trump's tariffs with countermeasures, per Reuters.
AUD/USD below 0.6300 after Trump's announcements
On Wednesday's American session, the Australian Dollar pulled back after a brief spike to multi-day highs, with the AUD/USD pair slipping back under the 0.6300 threshold.
US Dollar down as markets asses Trump's words
The US Dollar Index (DXY) moved lower during Wednesday's session, lingering near the 104.00 area after President Donald Trump confirmed sweeping tariffs on global imports.
USD/JPY trades volatile as Trump imposes 24% tariffs on Japan
The USD/JPY trades volatily as US President Donald Trump announces reciprocal tariffs on Liberation Day, with duties being effective on April 3.
Fed's Kugler: I support keeping the policy rate in place as long as inflation risks remain
Federal Reserve (Fed) Board of Governors member Ariana Kugler added her voice to the growing chorus of Fed policymakers cautioning that rising inflation pressures, though still small, will force the Fed to stand pat on interest rates for the time being.
EUR/USD jumps to two-week highs on Trump tariff announcements
EUR/USD lurched higher late Wednesday, tapping its highest bids in ten consecutive trading days after market sentiment reacted positively to better-than-expected tariff levels from the Trump administration.
Gold price seesaws above $3,100 as Trump announces tariffs
Gold price tumbles and trades volatile within the $3,100 - $3135 as US President Donald Trump imposed reciprocal tariffs worldwide, with the details pending of being released.
Gold holds near all-time high, eyes on Trump's tariff reveal
Gold price extends its gains on Wednesday, remaining near all-time highs as market participants wait for US President Donald Trump's tariff plans at around 20:00 GMT.
US Dollar edges lower as traders await clarity on tariffs
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, is trading below the 104.00 area during Wednesday's session amid heightened caution ahead of the White House's official tariff announcement.
Forex Today: The Services sector takes centre stage
The Greenback traded on the back foot on Wednesday, receding markedly against the backdrop of increasing prudence ahead of President Trump's announcements on reciprocal tariffs.
Trump's "Liberation Day" tariffs on the way
United States (US) President Donald Trump's self-styled "Liberation Day" has finally arrived.
Mexican Peso slips as traders await Trump's Liberation Day
The Mexican Peso (MXN) remains on the defensive against the US Dollar (USD), trading with losses of more than 0.50% as traders await US President Donald Trump's Liberation Day announcement later today.
Dow Jones Industrial Average gains ground ahead of Trump's tariff announcements
The Dow Jones Industrial Average (DJIA) took a step higher in early Tuesday trading, climbing 350 points and adding 0.85% from the day's opening bids as investors lean into bets that the Trump administration's long-awaited "reciprocal" tariffs package will be nowhere near as devastating as US President Donald Trump has been threatening.
EUR/USD Price Analysis: Bulls push pair near 1.0900 as bullish momentum strengthens
EUR/USD extended its upward trajectory on Wednesday, rising toward the upper end of its recent range and was last seen near the 1.0900 zone following the European session.
GBP/USD climbs past 1.2950 as traders brace for Trump's tariff announcement
The Pound Sterling advances early during the North American session against the US Dollar as traders await US President Trump's tariff announcement, which could potentially spur a global economic slowdown.
USD/JPY trades cautiously around 149.50 with Trump's tariffs on the horizon
The USD/JPY pair trades with caution around 149.50 during North American trading hours on Wednesday.
USD/CAD edges higher to near 1.4330, Trump's tariff announcement in focus
The USD/CAD pair ticks higher to near 1.4330 in Wednesday's North American session.
ECB's Holzmann: Rates are at neutral level, no reason to become accommodative
European Central Bank policymaker Robert Holzmann, who dissented to the ECB's decision to cut key rates by 25 basis points after the March meeting, argued on Wednesday that they don't need to become more accommodative, per Reuters.
GBP off early session low - Scotiabank
Pound Sterling (GBP) is also quiet and extending is recent consolidation around 1.29 ahead of Wednesday's US tariff announcement, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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