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
The Dow Jones shed around 575 points on Thursday, as trade war fears resume. The more the Trump administration tries to soothe tariff fears, the worse things get. Market sentiment is still churning despite announced tariff delays and upbeat jobs data. The Dow Jones Industrial Average turned tail and ran on Thursday, in tandem with … Read more
Today the ECB decided to cut the policy rate by 25bp, so the deposit rate now yields 2.50%. The most important part of the decision was its assessment of the restrictiveness of its monetary policy stance. The ECB now sees monetary policy as ‘becoming meaningfully less restrictive’, which means it assesses that the current rate … Read more
During her press conference, European Central Bank President Christine Lagarde outlined the ECB’s decision to cut key interest rates by 25 basis points at the March policy meeting. She elaborated on the rationale behind the move, emphasizing its role in supporting economic stability. Lagarde also addressed questions from the media, providing insights into the ECB’s outlook … Read more
EUR/USD moves higher to near 1.0840 as the ECB reduces its Deposit Facility rate by 25 bps to 2.5%. The ECB sees the core inflation averaging to 2.2% by the year-end. US President Trump provides one month of tariff relaxation on automobiles from Canada and Mexico. EUR/USD gains further to near 1.0840 in Thursday’s North American session after the European Central … Read more