USD/CAD could increase further due to fresh tariffs from US President Donald Trump. The latest FOMC Meeting Minutes emphasized needing more time to assess multiple factors before considering any rate adjustments. The Bank of Canada may rethink its approach to policy easing after January’s inflation data indicated an upward trend. USD/CAD remains steady after two … Read more
The Australian Dollar depreciates due to the latest Trump tariffs and cautious FOMC Minutes. Australia’s Unemployment Rate increased to 4.1% in January from 4.0% in December, as expected. President Trump has confirmed plans to impose a 25% tariff on imports of automobiles, semiconductors, and pharmaceutical products. The Australian Dollar (AUD) extends its losses against the … Read more
Australia’s Unemployment Rate rose to 4.1% in January from 4.0% in December, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in line with the market consensus of 4.1%. Furthermore, the Australian Employment Change arrived at 44K in January from 60K in December (revised from 56.3K), compared with the … Read more
Gold hits new all-time high as Trump’s tariff threats fuel trade war fears. Fed minutes reveal concerns over inflation risks, weighing on rate-cut expectations. Traders eye US jobless claims and S&P Global Flash PMIs for further market cues. Gold prices retreated on Wednesday during the North American session after the latest Federal Reserve’s (Fed) monetary … Read more
Mexican Peso slumps 0.94% as risk sentiment turns bearish on trade fears. US President Trump targets autos, pharma and computer chips with 25% tariffs. US Dollar Index hits four-day high as Fed signals caution on rate cuts. Banxico-Fed policy divergence favors further MXN weakness; traders eye Mexico Retail Sales, Banxico minutes. The Mexican Peso lost … Read more
Loonie weakens amid Trump tariff fears, BoC rate-cut uncertainty USD/CAD stays firm above 1.4200 as risk aversion lifts US Dollar. Canada’s rising inflation may delay BoC easing, adding uncertainty. Traders await FOMC minutes for Fed’s stance on rate-cut timing. The Canadian Dollar (CAD) retreats against the US Dollar on Wednesday, with the USD/CAD pair remaining … Read more