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PBOC sets USD/CNY reference rate at 7.2098 vs. 7.2116 previous
PBOC sets USD/CNY reference rate at 7.2098 vs. 7.2116 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.2098 as compared to the previous day's fix of 7.2116 and 7.3111 Reuters estimate.
Currencies
CentralBanks
USDCNY
PBOC
China's state planner has trimmed the number of items on its negative list from 117 to 106
China's state planner has trimmed the number of items on its negative list from 117 to 106
The National Development and Reform Commission of the People's Republic of China (NDRC) is China's state planner
China
GBP/USD gains traction above 1.3250 on fresh trade uncertainty
GBP/USD gains traction above 1.3250 on fresh trade uncertainty
The GBP/USD pair gathers strength to near 1.3270, snapping the two-day losing streak during the early Asian session on Thursday. The US Dollar (USD) weakens against the Cable due to the uncertainty surrounding Trump’s trade policies.  
Majors
Macroeconomics
GBPUSD
" Trump is looking for a face saving off ramp on trade"
" Trump is looking for a face saving off ramp on trade"
Saving face would be a welcome relif from the tariff debacle
Politics
Trump administration says cannot give Japan special tariff treatment
Trump administration says cannot give Japan special tariff treatment
The United States told Japan that it cannot give Japan special treatment regarding tariffs during talks held earlier this month, NHK reported late Wednesday, citing multiple Japanese government sources. 
TradeWar
UnitedStates
Japan
Macroeconomics
Hassett says 14 tariff meetings scheduled this week
Hassett says 14 tariff meetings scheduled this week
Hassett is a Trump gopher on the economy
Politics
USD
Trump admin told Japan it cannot give Japan special tariff treatment
Trump admin told Japan it cannot give Japan special tariff treatment
Trump seems to single out allies for especially harsh tariff treatment
EUR/USD strengthens above 1.1300 on gloomy Fed’s Beige Book
EUR/USD strengthens above 1.1300 on gloomy Fed’s Beige Book
The EUR/USD pair edges higher to around 1.1335 during the early Asian session on Thursday. Mitigating concerns over potential tariff threats by US President Donald Trump exerts some selling pressure on the US Dollar (USD).  
EURUSD
Majors
Macroeconomics
IMF says the yen remains a safe haven currency - Japan economy strong, stable, predictable
IMF says the yen remains a safe haven currency - Japan economy strong, stable, predictable
International Monetary Fund (IMF) on the Bank of Japan, JPY and Japan
BOJ
JPY
Fed's Hammack sees more runway for balance sheet cuts
Fed's Hammack sees more runway for balance sheet cuts
Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that conditions still support ongoing reductions in the central bank's balance sheet. Hammack added that she believes some active management of market liquidity via Fed interventions is acceptable to her, per Reuters. 
Fed
UnitedStates
CentralBanks
Macroeconomics
US President Donald Trump says 25% tariff on cars from Canada could go higher
US President Donald Trump says 25% tariff on cars from Canada could go higher
US President Donald Trump said on Wednesday that a 25% tariff imposed on cars imported from Canada to the United States could go up, per Reuters. 
Canada
TradeWar
UnitedStates
Macroeconomics
AUD/JPY Price Analysis: Bearish bias holds despite intraday gains
AUD/JPY Price Analysis: Bearish bias holds despite intraday gains
The AUD/JPY pair was seen around the 91.00 zone in Wednesday’s session, staging a modest intraday advance ahead of the Asian session. Despite the bounce from earlier lows, the pair retains a bearish overall tone, capped by key moving averages and a sluggish momentum backdrop.
Crosses
Technical Analysis
Currencies
AUDJPY
Trump says it depends on China how soon tariffs can come down
Trump says it depends on China how soon tariffs can come down
Trump says it depends on China how soon tariffs can come down
China
NZD/USD Price Analysis: Pair trades steady near 0.5900 with bullish bias ahead of Asia
NZD/USD Price Analysis: Pair trades steady near 0.5900 with bullish bias ahead of Asia
The NZDUSD pair held steady near the 0.5900 mark on Wednesday, posting a marginal daily gain as traders positioned ahead of the Asian session. The pair continues to consolidate in a tight range after recent upward momentum, suggesting a pause rather than a reversal.
Technical Analysis
Currencies
Majors
NZDUSD
Bullish
Forexlive Americas FX news wrap: US dollar rallies as the White House walks back tariffs
Forexlive Americas FX news wrap: US dollar rallies as the White House walks back tariffs
Forex news for North American trading on Apr 23, 2025
Session wrap
Wrap Nth America
USD/JPY tests 143.00 amid easing Fed fears and trade optimism
USD/JPY tests 143.00 amid easing Fed fears and trade optimism
The USD/JPY pair trades near the 143.00 mark on Wednesday, up over 1.2% on the day, extending its rebound from midweek lows. The Greenback’s gains are driven by improving risk appetite and signs that US-China trade tensions could ease.
Currencies
Fed
Majors
USDJPY
PMI
Australian Dollar steadies near 0.6400 as US Dollar weakens post-PMI
Australian Dollar steadies near 0.6400 as US Dollar weakens post-PMI
The Australian Dollar (AUD) trades flat against the US Dollar (USD) on Wednesday, holding close to the 0.6400 area after a volatile session. The pair consolidated within a tight range of 0.6349 to 0.6436, reflecting a pause in directional conviction.
Technical Analysis
Currencies
Majors
AUDUSD
Fundamental Analysis
Mexican Peso dips as Trump eases rhetoric on Powell and China
Mexican Peso dips as Trump eases rhetoric on Powell and China
The Mexican Peso (MXN) registered modest losses against the US Dollar (USD) on Wednesday amid an improvement in risk appetite and regained confidence in the Greenback as US President Donald Trump denied that he would remove Federal Reserve (Fed) Chair Jerome Powell.
Technical Analysis
USDMXN
Banxico
Fundamental Analysis
Mexico
A dozen US states are suing Trump, say his new tariffs are illegal
A dozen US states are suing Trump, say his new tariffs are illegal
Death, taxes, and lawsuits are the three certainties in the US.
Politics
USD
Forex Today: US data, Germany’s morale gauges, and tariffs take centre stage
Forex Today: US data, Germany’s morale gauges, and tariffs take centre stage
The Greenback extended their recovery on the back of auspicious headlines around the US-China trade crisis and mitigating fears around potential threats to the Fed’s independence by President Trump.
EURUSD
Germany
Currencies
DollarIndex
US Dollar soft after PMI data and gloomy Fed's Beige Book
US Dollar soft after PMI data and gloomy Fed's Beige Book
The US Dollar Index (DXY) failed to hold onto its early strength during Wednesday’s session and now drifts near the 99.50 region, reflecting continued uncertainty around US trade policy and softening business momentum.
Currencies
SEO
DollarIndex
Fed’s Beige Book: The outlook worsens due to uncertainty spurred by tariffs
Fed’s Beige Book: The outlook worsens due to uncertainty spurred by tariffs
Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions, most of which focuses on the economy’s general overview, inflation, and employment.
Fed
CentralBanks
InterestRate
DollarIndex
BoE’s Bailey: Fragmenting the world economy will be bad for growth
BoE’s Bailey: Fragmenting the world economy will be bad for growth
At an International Monetary Fund (IMF) event, Bank of England (BoE) Governor Andrew Bailey said that the central bank must take the risk to economic growth from global trade disruption very seriously.
CentralBanks
BOE
GBPUSD
China's stance on US-China trade talks revealed; Doors open for negotiation
China's stance on US-China trade talks revealed; Doors open for negotiation
Chinese embassy emphasizes openness for talks with the U.S. without threats or pressure, calling for equality and respect in negotiations.
China
USD/CAD price analysis: Consolidation holds below 1.3900 as Fed and trade policy risks loom
USD/CAD price analysis: Consolidation holds below 1.3900 as Fed and trade policy risks loom
The USD/CAD pair trades modestly higher around 1.3800 during Wednesday’s North American session, bouncing within a tight range after testing six-month lows earlier in the week.
Technical Analysis
Fed
USDCAD
Majors
Dow Jones soars close to 500 points as Trump calms Powell firing fears, China tariff relief eyed
Dow Jones soars close to 500 points as Trump calms Powell firing fears, China tariff relief eyed
The Dow Jones Industrial Average (DJIA) rallied over 490 points or close to 1.30% on Wednesday amid traders' relief on a possible de-escalation of the US-China trade war and US President Donald Trump's comment that he doesn’t plan to remove Federal Reserve (Fed) Chair Jerome Powell.
DowJones
Equities
Fed
SEO
EUR/GBP Price Analysis: Pair trades near 0.8600 amid neutral short-term signals
EUR/GBP Price Analysis: Pair trades near 0.8600 amid neutral short-term signals
The EURGBP pair eased slightly on Wednesday, slipping toward the lower end of its recent consolidation range after the European session. The pair was last seen hovering near the 0.8600 area, reflecting a mild pullback within a still-bullish technical setup.
Crosses
Technical Analysis
Currencies
EURGBP