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Japan's Kato says will not sell US Treasury holdings just from standpoint of US-Japan relations
Japan's Kato says will not sell US Treasury holdings just from standpoint of US-Japan relations
Japan’s Finance Minister Shunichi Kato said early Wednesday that there is no preset standard on what is the appropriate size of Japan’s foreign reserves, adding that Japan will not sell US Treasury holdings just from the standpoint of US-Japan relations.
UnitedStates
Japan
Macroeconomics
AUD/USD and NZD/USD soft, US equity index futures also very heavy
AUD/USD and NZD/USD soft, US equity index futures also very heavy
Risk is under a lot of pressure here in Asia as US yields continue to tick higher and higher
Bonds
AUD
NZD
BoJ’s Ueda: Uncertainties have increased domestically and internationally
BoJ’s Ueda: Uncertainties have increased domestically and internationally
Bank of Japan Governor Kazuo Ueda said early Wednesday that the uncertainty surrounding both domestic and overseas economies is increasing due to US tariffs. Ueda further stated that the Japanese central bank will closely monitor developments.
BOJ
CentralBanks
Macroeconomics
WTI slumps below $57.25 as escalating US-China trade tensions spark demand fears
WTI slumps below $57.25 as escalating US-China trade tensions spark demand fears
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $57.25 during the early Asian session on Wednesday. The WTI price extends the decline near a four-year low due to US President Donald Trump’s trade war rhetoric, growing recession fears in the US and weak global demand.
Oil
WTI
Commodities
Macroeconomics
EUR/USD fights off bearish flows, but tariffs and cautionary Fed remain
EUR/USD fights off bearish flows, but tariffs and cautionary Fed remain
EUR/USD caught a mild bullish recovery on Tuesday, snapping a two-day losing streak and chalking in some last-minute gains before the Trump administration’s widespread “reciprocal” tariffs come into effect on April 9.
EURUSD
TradeWar
Fed
Foreign aid. Trump can be pig-headed stubborn, is there a sign he'll soon bend on tariffs?
Foreign aid. Trump can be pig-headed stubborn, is there a sign he'll soon bend on tariffs?
I've been pessimistic on tariffs since the start, is it time to get a little optimistic?
Bonds
SPX
USD
USD/CAD weakens to near 1.4250, FOMC Minutes in focus
USD/CAD weakens to near 1.4250, FOMC Minutes in focus
The USD/CAD pair edges lower to around 1.4255 during the late American session on Tuesday. The Canadian Dollar (CAD) strengthens against the Greenback as investors weigh the prospect of negotiations globally over US trade tariffs. The FOMC Minutes will be in the spotlight later on Wednesday.
TradeWar
USDCAD
Majors
Macroeconomics
GBP/USD catches much-needed bounce from key moving average as tariffs loom
GBP/USD catches much-needed bounce from key moving average as tariffs loom
GBP/USD snapped a harsh two-day losing streak on Tuesday, finding a technical bounce from the 200-day Exponential Moving Average (EMA) just north of the 1.2700 handle.
TradeWar
Fed
Inflation
GBPUSD
Fitch downgrades six Chinese banks
Fitch downgrades six Chinese banks
Fitch downgrades six Chinese banks to A, Outlook stable
CNY
China Stock Market
China
CNH
Stock Market Forecast: Impact of Tariffs and Future Trends
Stock Market Forecast: Impact of Tariffs and Future Trends
“Things are rarely as bad — or as good — as most people think.”
Politics
Stocks
BMO: Tariff escalation means too early to call a 'risk' bottom
BMO: Tariff escalation means too early to call a 'risk' bottom
BMO says if tariffs remain in place stagflation is likely, even recession
SPX
USD
Fitch Ratings warns US tariffs may temporarily trim deficit but deliver dire consequences
Fitch Ratings warns US tariffs may temporarily trim deficit but deliver dire consequences
Tariffs will not be enough to put the U.S. on a sustainable fiscal path.
Bonds
SPX
USD
AUD/JPY Price Analysis: Aussie drops sharply toward 87.00 as bearish pressure intensifies
AUD/JPY Price Analysis: Aussie drops sharply toward 87.00 as bearish pressure intensifies
The AUD/JPY pair extended its losses on Tuesday, trading near the 87.00 area ahead of the Asian session. The cross has dropped significantly on the day, falling near the bottom of its daily range, reflecting persistent downside pressure.
Crosses
Technical Analysis
Currencies
AUDJPY
RBNZ lowers interest rate by 25 bps to 3.5% as expected
RBNZ lowers interest rate by 25 bps to 3.5% as expected
The Reserve Bank of New Zealand (RBNZ) announced on Wednesday that it cut the Official Cash Rate (OCR) by 25 basis points (bps) from 3.75% to 3.5% after concluding the April monetary policy meeting.
RBNZ
SEO
CentralBanks
NZDUSD
Forexlive Americas FX news wrap: Hope for a tariff deal dwindles, yuan hits record low
Forexlive Americas FX news wrap: Hope for a tariff deal dwindles, yuan hits record low
Forex news for North American trading on Apr 8, 2025
Session wrap
Wrap Nth America
NZD/USD Price Analysis: Kiwi edges higher but bears keep control below key moving averages
NZD/USD Price Analysis: Kiwi edges higher but bears keep control below key moving averages
The NZD/USD pair registered neutral movements during Tuesday’s session, with the pair seen moving around the 0.5530 region but cleared gains which took it to highs above 0.5600.
Technical Analysis
Currencies
Majors
NZDUSD
Australian Dollar finds tentative footing near 0.6000 amid tariff turmoil, mixed signals on Tuesday
Australian Dollar finds tentative footing near 0.6000 amid tariff turmoil, mixed signals on Tuesday
The Australian Dollar staged a fragile bounce during Tuesday’s American session, holding near the 0.6000 zone after rebounding from session lows. This recovery came as the US Dollar’s earlier strength faded, helping risk currencies like the Aussie stabilize within their recent five-year low range.
Currencies
AUDUSD
Economic calendar Asia Wednesday, April 9, 2025: BoJ Ueda speaking, RBNZ policy decision
Economic calendar Asia Wednesday, April 9, 2025: BoJ Ueda speaking, RBNZ policy decision
Eagle eyes on the People's Bank of China today also
economic calendar
Oil - private survey of inventory shows a headline crude oil draw
Oil - private survey of inventory shows a headline crude oil draw
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
Forex Today: Markets’ attention shifts to the Fed Minutes
Forex Today: Markets’ attention shifts to the Fed Minutes
The Greenback’s recovery seems to have run out of some steam on Tuesday, encouraging the risk complex to recoup part of the recent ground lost against the backdrop renewed hopes on the tariffs front.
Currencies
EURUSD
TradeWar
Fed
DollarIndex
There is a simple solution to the White House economic grievances
There is a simple solution to the White House economic grievances
Why not try the obvious before embarking on this stupid, hopeless crusade?
Fed's Daly: I'm a little concerned inflation may pick back up
Fed's Daly: I'm a little concerned inflation may pick back up
Federal Reserve (Fed) Bank of San Francisco President Mary Daly noted that inflation pressure from widespread tariffs is an increasing concern.
TradeWar
Fed
CentralBanks
Inflation
Fed's Goolsbee: Tariffs are way bigger than anticipated
Fed's Goolsbee: Tariffs are way bigger than anticipated
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned on Tuesday that US tariffs, which were far larger than most market watchers anticipated, poses a real risk to US importers who have very few fallback options.
TradeWar
Fed
CentralBanks
US Dollar under pressure as the White House slaps additional tariffs on China
US Dollar under pressure as the White House slaps additional tariffs on China
The US Dollar Index (DXY), which tracks the performance of the US Dollar against six major currencies, is trading near the 103.00 region during Tuesday’s session. Momentum picked up after upbeat labor market data last week, helping the index rebound from recent lows.
Currencies
DollarIndex
The long end is blowing out again as yields near the March highs
The long end is blowing out again as yields near the March highs
US 30-year yields now up 14.5 bps on the day
Bonds
The Republican big money donors are starting to push back on tariffs
The Republican big money donors are starting to push back on tariffs
Billionaire Ken Griffin calls them a “huge policy mistake” after previously dismissing the threat
Politics
Dow Jones Industrial Average slows recovery as investors await tariff kick-in
Dow Jones Industrial Average slows recovery as investors await tariff kick-in
The Dow Jones Industrial Average (DJIA) fumbled an early recovery on Tuesday, briefly crossing above 39,000 before slumping back to the 38,000 handle as markets brace for tariff kick-off following the Trump administration’s “Liberation Day” tariff announcements last week.
DowJones
TradeWar
Equities
SEO
Mexico GDP forecast slashed, Banxico seen cutting rates aggressively in 2025 – Citi
Mexico GDP forecast slashed, Banxico seen cutting rates aggressively in 2025 – Citi
On Monday, Citi revealed its latest Mexico Expectations Survey, in which private economists projected that the economy would grow 0.3% in 2025, less than the 0.6% expected in the last survey. For 2026, the GDP growth is expected to decrease from 1.7% to 1.5%.
Mexico
GDP
USDMXN
Banxico
InterestRate
Mexican Peso depreciates sharply on tariff woes ahead of inflation data
Mexican Peso depreciates sharply on tariff woes ahead of inflation data
The Mexican Peso prolonged its losses for the third straight day against the Greenback as market sentiment improved, spurred by revelations of US Treasury Secretary Scott Bessent that deals could be made with major trading partners. At the time of writing, the USD/MXN trades at 20.83, up 0.75%.
Technical Analysis
SEO
USDMXN
Banxico
Fundamental Analysis
USD/CNH hits 7.40 for the first time as yuan continues to weaken
USD/CNH hits 7.40 for the first time as yuan continues to weaken
Is Beijing sending a warning to Washington?
Politics