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NZD/USD weakens to near 0.5635 in Tuesday’s Asian session. Trump raised aluminum and steel tariffs to 25%, from a previous 10%. The RBNZ is expected to deliver a third consecutive supersized rate cut later this month. The NZD/USD pair remains under selling pressure around 0.5635 during the Asian ses

Scope for EUR to weaken further; any decline is unlikely to reach the major support at 1.0250. In the longer run, outlook is unclear; EUR could trade in a broad range of 1.0250/1.0490 for the time being, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. EUR is unlikely to reach the major s

Another week starts with tariff threats. This time, everyone that applies tariffs to the US will be hit back with the same tariffs, and all aluminium and steel imports to the US – no matter from whom – will face a 25% tariff. ;ood this Monday in Asia is pretty mixed – to say the least. Aluminum and

President Trump’s tariffs on Mexico and Canada have been postponed to March 1st after successful negotiations. US-China trade tensions continue to escalate with both countries imposing new tariffs. Companies like Diageo and automakers are expressing concerns about the negative impact of tariffs on t

The New Zealand dollar is trading at 0.5608 in the European session, down 0.35% on the day. On Monday, NZD/USD fell as much as 1.2% but managed to recover most of these losses. New Zealand employment expected to decline New Zealand releases its employment report on a quarterly basis and we’ll get a

Summary Prospects for a trade war are transitioning from a looming threat to looming policy. While most of the latest proposal is now on ice, our model simulations demonstrate how the latest round of proposed tariffs could introduce a modest stagflationary shock by negatively impacting growth and te

Canadian Prime Minister Justin Trudeau announced late Monday that a tit-for-tat spat of trade tariffs between the US and Canada would be suspended for 30 days as the two countries agree to meet at the negotiating table. This follows a similar deal between the US and Mexico where a similar tariff was

USD/CAD stalls the overnight pullback from a multi-year peak. The divergent BoC-Fed outlook acts as a tailwind for the pair. Rebounding Oil prices underpin the Loonie and cap the major. Traders now look to the US PCE Price Index for a fresh impetus. The USD/CAD pair finds some support near the 1.447

Summary As universally expected, the FOMC decided at its policy meeting today to keep rates unchanged. The decision to maintain the target range for the federal funds rate at 4.25%–4.50% was universally supported by all 12 voting members of the FOMC. The post-meeting statement continued to describe

Oil prices are struggling due to uncertainty around tariffs and their impact on global demand. Libya supply fears were alleviated as exports returned to normal after discussions with protesters. US inventories rose, but total US oil demand also increased, offsetting downward pressure on oil prices.

The German Consumer Climate Index declined in January, impacting the eurozone's largest economy and applying pressure on the single currency. The index fell by 1 point to -22.4 by February, having remained deeply negative since late 2021 without showing an upward trend since mid-last year. The repor