Chinese Foreign Minister Wang Yi spoke on the sidelines of the National People’s Congress (NPC) in Beijing on Friday. Wang said that the abuse of fentanyl is an issue that the US has to solve. Key quotes If one side exerts pressure, China will resolutely counter that. The US and China have broad common interests … Read more
NZD/USD holds losses due to market caution ahead of the release of China’s trade data on Friday. Trump exempted Mexican and Canadian goods under the USMCA from his proposed 25% tariffs. US NFP is expected to increase to 160K in February, up from January’s softer reading of 143K. NZD/USD halts its four-day losing streak, trading … Read more
EUR/USD overextended its recent bull run, getting rejected from 1.0850. ECB rate cut forecasts have plummeted, prompting an FX rebalance. US NFP net jobs additions figures loom large on Friday. EUR/USD tried to stretch for a fourth straight day of gains, but markets are drawing into the middle ahead of Friday’s key US Nonfarm Payrolls … Read more
Canada’s Finance Minister Dominic LeBlanc stated late Thursday that the country will delay its second wave of retaliatory tariffs on $125 billion in US products until April 2. However, there was no sign that Canada will remove the existing $30 billion tariffs, per Reuters. US President Donald Trump issued an executive order earlier in the … Read more
Trump delays reciprocal tariffs on Mexico until April 2 after talks with Sheinbaum. USD/MXN briefly falls as tariff relief boosts MXN before rebounding above 20.30. Traders eye Mexico’s inflation data and US Nonfarm Payrolls for further direction. The Mexican Peso (MXN) appreciated against the US Dollar (USD) on Thursday after United States (US) President Donald … Read more
Federal Reserve (Fed) Governing Board Member Christopher Waller noted on Thursday that recent data has made it more difficult to argue in favor of additional rate cuts heading into the tail end of the first quarter. Key highlights Not all tariffs are passed through. Fed policy is still restrictive. Fed can cut rates for positive … Read more