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Forex
Oil: Tariff tensions build – ING
Oil prices witnessed something of a relief rally this morning. Yet risks are still skewed to the downside as President Trump threatens an additional 50% tariff…
Forex Today: Tariff talks under scrutiny following volatile opening to week
Here is what you need to know on Tuesday, April 8:In the absence of high-tier macroeconomic data releases, market participants continue to assess the latest…
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Tuesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at…
AUD/JPY recovers to near 89.50 as global sentiment improves
AUD/JPY rebounds to around 89.40 in Tuesday’s early European session, adding 1.06% on the day. PBoC promised funding for sovereign funds to stablise markets…
WTI climbs back closer to mid-$61.00s; upside potential seems limited
WTI gains some positive traction as renewed USD selling benefits USD-denominated commodities. Concerns that US tariffs could lead to a global recession and…
NZD/USD attracts some buyers above 0.5550, RBNZ rate decision in focus
NZD/USD climbs to around 0.5580 in Tuesday’s Asian session. Traders move to price in five Fed rate cuts by year-end.China’s central bank said it will provide…
China’s Commerce Ministry: Will never accept the “blackmail nature” of the US
The Chinese Commerce Ministry issued a statement on Tuesday in response to the latest US threat to escalate tariffs on China.Key quotesThe US threatens to…
PBOC sets USD/CNY reference rate at 7.2038 vs. 7.1980 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.2038 as compared to the previous day's fix of…
USD/CAD softens below 1.4250 as investors ramp up bets on Fed rate cuts
USD/CAD edges lower to around 1.4240 in Monday’s late American session.Goods from Canada that comply with the USMCA trade agreement will remain exempt from…
USD/CHF stabilizes near 0.8600 after volatility, tariffs and recession fears support USD
USD/CHF whipsawed between 0.8450–0.8673 Monday before settling flat; volatility at highest since March 2020.Tariff threats and China’s retaliation stoke global…