Global Times reported on Monday, citing sources familiar with the matter, that China is evaluating countermeasures in response to the additional 10% tariffs the United States (US) will impose on March 4.
West Texas Intermediate (WTI) Oil price recovered its recent losses registered in the previous session, trading around $70.10 per barrel during the Asian hours on Monday.
The Japanese Yen (JPY) touches a one-week low, around the 151.00 mark against its American counterpart during the Asian session on Monday, though the downside remains limited amid hawkish Bank of Japan (BoJ) expectations.
The Indian Rupee (INR) gathers strength on Monday. The potential intervention from the Reserve Bank of India (RBI) could provide some support to the local currency.
In an interview with France's Le Figaro newspaper late Sunday, French President Emmanuel Macron said that France and Britain are proposing a one-month truce in Ukraine to stop all air and sea conflict and attacks on energy infrastructure.
The Australian Dollar (AUD) halted its six-day losing streak on Monday, buoyed by a weaker US Dollar (USD) following the release of January’s Personal Consumption Expenditures (PCE) inflation data on Friday.
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1745 as compared to Friday's fix of 7.1738 and 7.2857 Reuters estimates.
The GBP/USD pair attracts some dip-buyers during the Asian session on Monday and now seems to have stalled its retracement slide from levels beyond the 1.2700 mark, or over a two-month peak touched last week.
US President Donald Trump on Friday criticized Ukrainian President Volodymyr Zelenskyy for being "disrespectful" and cancelled the signing of a minerals deal that would have brought Ukraine closer to resolving its conflict with Russia.
US President Donald Trump said over the weekend that the US will impose an additional 10% tariff on Chinese imports starting Tuesday, compounding the initial 10% rate that took effect last month.
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