Forexlive Asia Pacific Fx News Wrap Usd Slid Lower Investinglive Catch up on session wraps on investinglive (formerly forexlive)—us, european & asian trading sessions recaps with daily market summaries & expert insights. She later reiterated that authorities are closely monitoring fx moves, warning that oil driven volatility is feeding into currency markets and affecting the broader economy. the yen edged modestly stronger on the session, with intervention risk still lingering in the background.
Forexlive Asia Pacific Fx News Wrap Usd Slid Further Investinglive Rba leaves its cash rate unchanged at 3.6%, as widely expected. aud, asx and aussie bond traders heads up it's a partial holiday in australia today. asian markets saw a firm u.s. dollar, softer regional currencies, and a modest risk off tone following several key policy signals. Markets reopened for the new week digesting the late friday us credit rating downgrade by moody’s. the agency announced the move after us markets had closed, a decision some have called oddly timed—perhaps even irresponsible. Oil traded subdued despite ongoing supply disruption concerns. japan signals heightened fx vigilance; yen edges higher on the session. ecb’s schnabel reinforces “wait and see” stance on iran shock. australia jobs steady; china data mixed with strong gdp but weak consumption. us defence production push highlights prolonged conflict dynamics. Trump spoke in an interview with fox, broadcast thursday evening us time. the key quote was trump saying he would rather not use tariffs against china: the usd slumped on this, with major fx all gaining ground at its expense. a little while later we had the bank of japan decision.
Forexlive Asia Pacific Fx News Wrap Usd Slid A Little Investinglive Oil traded subdued despite ongoing supply disruption concerns. japan signals heightened fx vigilance; yen edges higher on the session. ecb’s schnabel reinforces “wait and see” stance on iran shock. australia jobs steady; china data mixed with strong gdp but weak consumption. us defence production push highlights prolonged conflict dynamics. Trump spoke in an interview with fox, broadcast thursday evening us time. the key quote was trump saying he would rather not use tariffs against china: the usd slumped on this, with major fx all gaining ground at its expense. a little while later we had the bank of japan decision. Trade data showed exports rose for a sixth consecutive month in march, but the pace of growth slowed markedly. exports to the u.s. rose just 3.1% year on year, down sharply from a 10.5% gain in february. H1 trade with the u.s. declined, but officials at the general administration of customs noted signs of recovery and expressed hope for further improvement in the months ahead. Markets across asia remained on edge tuesday as escalating u.s. china trade tensions triggered moves in currencies and weighed on investor confidence. china vowed to "resolutely take countermeasures" after u.s. president donald trump threatened to impose an additional 50% tariff on chinese goods. Over the break we had domestic terrorism incidents in the us with mass murders in new orleans and further casualties in las vegas. chinese equities, both mainland and hong kong, slid thursday.
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