Japan Industrial Production (MoM) came in at -2%, above expectations (-2.1%) in February
Japan Industrial Production (MoM) came in at -2%, above expectations (-2.1%) in February
Japan Industrial Production (YoY): 0.4% (February) vs 0.3%
Japan Capacity Utilization dipped from previous 2.9% to -0.1% in February
USD/CHF continues its losing streak for the seventh successive day, trading around 0.7830 during the Asian hours on Tuesday. The pair continues to strengthen as the Swiss Franc (CHF) receives support as easing oil prices increase pressure on the Swiss National Bank (SNB) to adjust policy.
Iran-backed Hezbollah has stated in the Asian session on Tuesday that it won’t accept terms from agreements between Israel and Lebanon, who are scheduled for peace talks in Washington at 15:00 GMT.
The Pound Sterling (GBP) extends its rally to near 1.3515 against the US Dollar (USD) during the Asian trading session on Tuesday.
Silver (XAG/USD) builds on the previous day's bounce from the vicinity of mid-$72.00s and gains some follow-through positive traction during the Asian session on Tuesday.
NZD/USD inches lower after registering 0.5% gains in the previous day, trading around 0.5860 during the Asian hours on Tuesday. The pair remains subdued following the release of China's Trade Balance data for March.
The US Dollar (USD) holds onto its Monday’s losses amid optimism that the United States (US) and Iran are still in favor of a permanent ceasefire despite the absence of a breakthrough in the first round of talks in Pakistan during the weekend.
In a Semafor interview on Tuesday, US Treasury Secretary Scott Bessent said that “the US should ‘wait and see’ before lowering interest rates.”
China's Trade Balance for March, in Chinese Yuan (CNY) terms, arrived at CNY354.75 billion, narrowing sharply from the previous figure of CNY1.5 trillion.
China Trade Balance CNY declined to 354.75B in March from previous 1500B