NZD/USD climbs over half a percent but stalls at the 0.5900 handle
NZD/USD rose over 0.55% on Tuesday, printing a session high near 0.5920 before pulling back to settle around 0.5900.
AUD/USD extends rally but stalls near 0.7150 as consumer confidence slumps
AUD/USD extended its bullish push on Tuesday, gaining around 0.38%, but gave back some top-end gains after touching a session high close to 0.7150.
NZD/USD rises toward 0.5900 as risk sentiment improves and USD softens on US data
The NZD/USD pair is trading with a bullish bias near the 0.5900 level on Wednesday, as the New Zealand Dollar (NZD) gains strength amid improving global risk sentiment and a weaker US Dollar (USD).
USD/JPY slips back below 159.00 as softer PPI links with peace talk optimism
USD/JPY fell around 0.4% on Tuesday, slipping back below the 159.00 handle to settle close to 158.85.
EUR/USD nears 1.1800 as Iran talks hopes sink, US Dollar
The EUR/USD rallies for the seventh straight session as the Greenback falls to a six-week low amid hopes of US-Iran talks in the week ahead, while US data remains in the back seat despite a jump in inflation. At the time of writing, the pair trades around 1.1790, up 0.30%.
CNY: Stronger currency despite softer trade – Commerzbank
Commerzbank’s Volkmar Baur notes that China’s March trade data were slightly weaker than expected, with exports underperforming forecasts and imports surging, narrowing the trade surplus. He estimates the current account surplus likely eased from Q4’s multi‑year high.
South Korea Import Price Growth (YoY): 18.4% (March) vs 1.2%
South Korea Import Price Growth (YoY): 18.4% (March) vs 1.2%
South Korea Export Price Growth (YoY) climbed from previous 10.7% to 28.7% in March
South Korea Export Price Growth (YoY) climbed from previous 10.7% to 28.7% in March
United States API Weekly Crude Oil Stock above expectations (-1.3M) in April 10: Actual (6.1M)
United States API Weekly Crude Oil Stock above expectations (-1.3M) in April 10: Actual (6.1M)
USD/SGD: MAS tightening supports Singapore Dollar – MUFG
MUFG’s Senior Currency Analyst Michael Wan notes that the Monetary Authority of Singapore (MAS) tightened its exchange rate policy in April by slightly increasing the slope of the Singapore Dollar Nominal Effective Exchange Rate (S$NEER) band, becoming the first Asia-ex-Japan central bank to tighten
Gold surges as Iran talks hopes dent US Dollar again
Gold (XAU/USD) price surges nearly 2% on Tuesday amid growing optimism linked to the resumption of US-Iran talks, even though the US military seized Iran-linked ships as the blockade of the Strait of Hormuz persists. The XAU/USD trades at $4,835 after bouncing off daily lows of $4,742.
Argentina Consumer Price Index (MoM) came in at 3.4%, above expectations (3%) in March
Argentina Consumer Price Index (MoM) came in at 3.4%, above expectations (3%) in March