The White House is adjusting its approach to tariffs set to take effect on April 2, likely omitting a set of industry-specific tariffs while applying reciprocal tariffs aimed at countries with significant trade ties to the United States (US), per the Wall Street Journal.
The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) jumped to 52.6 in March from 50.4 in February, the latest data published by Judo Bank and S&P Global showed on Monday.
A Reuters poll revealed that on March 27, Banco de Mexico (Banxico) is expected to cut interest rates by 50 bps amid the evolution of the disinflation process and an ongoing economic slowdown.
The AUD/USD pair remained depressed during the American session below the 0.6300 barrier as a stronger US Dollar (USD) and disappointing employment data from Australia continued to weigh.
The Dow Jones Industrial Average (DJIA) saw an uptick in volatility on Friday, but settled close to where it started near 42,000 as investors grapple with deciding where to go next.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, is ticking higher on Friday, helped by a wave of geopolitical unease.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, is ticking higher on Friday, helped by a wave of geopolitical unease.
The Mexican Peso remained defensive against the US Dollar on Friday, fueled by fears about trade policies the United States (US) implemented amid a busy week in the central bank space.
The Mexican Peso remained defensive against the US Dollar on Friday, fueled by fears about trade policies the United States (US) implemented amid a busy week in the central bank space.
Federal Reserve (Fed) Bank of New York John Williams noted during an appearance at the Biennial Macroeconometric Caribbean Conference, in Nassau, that the Fed's job of forecasting economic outcomes is becoming increasingly difficult, specifically under the weight of trade war threats from the Trump administration.
The Pound Sterling (GBP) dropped some 0.29% against the US Dollar (USD) on Friday, set to end the week unchanged after major central banks featured monetary policy decisions led by the Federal Reserve (Fed) and the Bank of England (BoE).
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