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Heads up: Germany states' CPI readings due later today
Heads up: Germany states' CPI readings due later today
German states will be releasing their CPI prints for March today
ForexLive Asia-Pacific FX news wrap: Trump tariff chaos hits; recession chance jumps
ForexLive Asia-Pacific FX news wrap: Trump tariff chaos hits; recession chance jumps
Forex news for Asian trading on Monday, March 31, 2025
Session wrap
Wrap Asia
China says that it has discovered a major oilfield in the eastern South China Sea
China says that it has discovered a major oilfield in the eastern South China Sea
China National Offshore Oil Corporation (CNOOC)
Oil
China Stock Market
China
USD/CAD consolidates in a range above 1.4300 mark amid mixed cues
USD/CAD consolidates in a range above 1.4300 mark amid mixed cues
The USD/CAD pair struggles to capitalize on its modest bounce from the monthly low touched last Wednesday and kicks off the new week on a subdued note amid mixed cues.
USDCAD
TradeWar
RiskAversion
Fed
Currencies
Japanese Yen jumps to over one-week high against weaker USD; seems poised to climb further
Japanese Yen jumps to over one-week high against weaker USD; seems poised to climb further
The Japanese Yen (JPY) strengthens against its American counterpart for the second consecutive day on Monday and hits a one-week high during the Asian session on Monday.
USDJPY
RiskAversion
TradeWar
BOJ
SEO
GBP/USD attracts some buyers above 1.2950 on weaker US Dollar
GBP/USD attracts some buyers above 1.2950 on weaker US Dollar
The GBP/USD pair gathers strength to near 1.2965 during the Asian trading hours on Monday.
GBPUSD
Majors
Macroeconomics
USD/JPY drops under 149.00
USD/JPY drops under 149.00
Yen is attracting a safe haven bid with all the geopolitical and tariff related volatility
Gold to a record high above US$3100
Gold to a record high above US$3100
Tariff, geopolitical uncertainty propelling while persistent central bank buying underpins
Breaking: Gold price conquers $3,100 for the first time ever on tariff war fears
Breaking: Gold price conquers $3,100 for the first time ever on tariff war fears
The record rally in Gold price remains unabated as buyers conquer the $3,100 threshold for the time on record. Heightening fears of a potential global trade war and stagflation in the United States (US) intensify safe-haven demand for the traditional store of value, Gold.
Breaking
Gold
Commodities
TradeWar
XAUUSD
China - Nanjing has lifted home purchase limits starting March 31
China - Nanjing has lifted home purchase limits starting March 31
Positive news, at the margin, for the embattled property sector
CNY
China Stock Market
China
CNH
Japan’s Kato: Have agreed with the US that excessive moves on forex are undesirable
Japan’s Kato: Have agreed with the US that excessive moves on forex are undesirable
Japanese Finance Minister Katsunobu Kato said on Monday, they “have agreed with the US that excessive moves on forex are undesirable.”
Japan
USDJPY
Currencies
Australian Dollar loses momentum as US tariffs approach
Australian Dollar loses momentum as US tariffs approach
The Australian Dollar (AUD) recovers some lost ground on Monday, bolstered by the upbeat Chinese economic data.
AUDUSD
SEO
Australia
Macroeconomics
PMI
China's March NBS Manufacturing PMI rises to 50.5, Non-Manufacturing PMI jumps to 50.8
China's March NBS Manufacturing PMI rises to 50.5, Non-Manufacturing PMI jumps to 50.8
China’s Manufacturing Purchasing Managers' Index (PMI) edged higher to 50.5 in March from 50.2 in February, the official data released by the National Bureau of Statistics (NBS) showed on Monday.
China
PMI
Manufacturing
AUDUSD
EconomicIndicator
China March official Manufacturing PMI 50.5 (expected of 50.5)
China March official Manufacturing PMI 50.5 (expected of 50.5)
Non manufacturing 50.8 (expected 50.5)
CNY
China Stock Market
China
CNH
PBOC sets USD/CNY reference rate at 7.1782 vs. 7.1752 previous
PBOC sets USD/CNY reference rate at 7.1782 vs. 7.1752 previous
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1782 as compared to Friday's fix of 7.1752 and 7.2593 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
EUR/USD looks to build on recovery from multi-week low; holds steady below mid-1.0800s
EUR/USD looks to build on recovery from multi-week low; holds steady below mid-1.0800s
The EUR/USD pair attracts some dip-buyers following an Asian session dip to the 1.0800 neighborhood and looks to build on its bounce from a multi-week low touched last Thursday.
EURUSD
Recession
Fed
TradeWar
Currencies
Gold Price Forecast: XAU/USD rises to near record high below $3,100 amid global uncertainty
Gold Price Forecast: XAU/USD rises to near record high below $3,100 amid global uncertainty
The Gold price (XAU/USD) gains momentum to around $3,090 during the early Asian session on Monday.
Gold
Commodities
XAUUSD
Macroeconomics
US President Donald Trump weighs broader, higher tariffs - WSJ
US President Donald Trump weighs broader, higher tariffs - WSJ
US President Donald Trump's administration is hurrying to determine the specifics of its new tariff agenda ahead of its self-imposed deadline of Wednesday, considering possibilities after promising to remake the American economy with a slew of new levies, the WSJ citing unnamed sources.
UnitedStates
TradeWar
Macroeconomics
US President Donald Trump threatens tariffs on Russian oil if Moscow blocks Ukraine deal
US President Donald Trump threatens tariffs on Russian oil if Moscow blocks Ukraine deal
US President Donald Trump said on Sunday that he was "pissed off" at Russian President Vladimir Putin and would impose secondary tariffs of 25% to 50% on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine.
UnitedStates
RussianFederation
Ukraine
Macroeconomics
AUD/USD edges lower below 0.6300 on global trade concerns
AUD/USD edges lower below 0.6300 on global trade concerns
The AUD/USD pair trades in negative territory near 0.6280 during the early Asian session on Monday.
AUDUSD
Majors
Macroeconomics
China to inject $69 billion into four big banks to strengthen financial sector
China to inject $69 billion into four big banks to strengthen financial sector
China’s finance ministry will inject 500 billion yuan ($69 billion) into four of the nation’s largest state banks, following through on Beijing’s earlier effort to strengthen the financial sector, per Bloomberg.
China
Macroeconomics
Goldman Sachs says 35% chance of recession (from 20%) in 12 months
Goldman Sachs says 35% chance of recession (from 20%) in 12 months
Goldman Sachs forecast year end PCE inflation at 3.5%
Bonds
SPX
Fed
Economic calendar in Asia Monday, March 31, 2025 - China official PMIs for March 2025
Economic calendar in Asia Monday, March 31, 2025 - China official PMIs for March 2025
Asian Economic Calendar: Key Events and Consensus Expectations for 31 March 2025
economic calendar