Gold price (XAU/USD) struggles to attract any meaningful buyers on Monday, though it remains close to the all-time top – levels beyond the $3,000 psychological mark touched on Friday.
US President Donald Trump said early Monday that he “will impose reciprocal and sectoral tariffs on April 2.” Additional quotes No intention of making exemptions on steel, aluminum tariffs.
The Silver price (XAG/USD) edges lower to around $33.80 after reaching its highest level since October 31, 2024, during the Asian trading hours on Monday.
West Texas Intermediate (WTI) Oil price extends its winning streak for a second consecutive session, trading around $67.40 per barrel during Asian market hours on Monday.
The USD/CAD pair kicks off the new week on a subdued note and oscillates in a narrow band above mid-1.4300s, or the lower end of a one-week-old trading range, during the Asian session.
The Japanese Yen (JPY) seesaws between tepid gains/minor losses against its American counterpart during the Asian session on Monday amid mixed fundamental cues.
The Indian Rupee (INR) strengthens on Monday. The concerns about slowing growth in the US economy from US President Donald Trump administration's trade policies weigh on the Greenback and provide some support to the INR.
Following the publication of the high-impact China’s February activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Monday.
The Australian Dollar (AUD) holds losses against the US Dollar (USD) after US President Donald Trump stated early Monday that he "will impose reciprocal and sectoral tariffs on April 2.
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1688 as compared to Friday's fix of 7.1738 and 7.2199 Reuters estimate.
The Houthis announced on Sunday that they launched an attack comprising 18 ballistic and cruise missiles as well as drones, targeting the USS Harry S Truman aircraft carrier and its accompanying warships in the northern Red Sea.
European Central Bank Governing Council member and Governor of the Banque de France, Francois Villeroy de Galhau, said over the weekend that the Euro should take on a more important role internationally.
Donald Trump’s envoy Steve Witkoff said on Sunday that he expected the US President to speak with Russian President Vladimir Putin this week, saying that Putin “accepts the philosophy” of Trump’s ceasefire and peace terms, per the Guardian.
European Central Bank Vice President Luis de Guindos said late Sunday that US President Donald Trump’s policies are causing more uncertainty for the economy than there was during COVID, per Bloomberg.
US Treasury Secretary Scott Bessent said late Sunday that he was not worried about the stock market, which has slumped multiple times amid US President Donald Trump’s tariff threats.
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