Gold price (XAU/USD) trades with a positive bias during the Asian session on Thursday and remains close to a one-week high touched on the previous day, though it lacks follow-through buying.
The Japanese Yen (JPY) drifted lower during the Asian session on Thursday, though it remains close to a multi-month top touched against its American counterpart earlier this week.
Petróleos Mexicanos (Pemex), Mexico’s state-owned oil company, stated on Thursday that it will not give discounts on its crude oil to US buyers because of tariffs.
Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange diplomat, said on Thursday that the officials are seeing an increase in protectionism, such as tariffs.
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1692 as compared to the previous day's fix of 7.1714 and 7.2386 Reuters estimates.
US President Donald Trump stated on Wednesday he was working with Republicans in the House of Representatives on a continuing resolution to fund the government until September, per Reuters.
Australia’s trade surplus increased to 5,620M MoM in January versus 5,500M expected and 4,924M (revised from 5,085M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.
EUR/USD surged on Wednesday, climbing 1.75% and knocking on the 1.0800 handle as risk sentiment rises following yet another pivot from US President Donald Trump on his own tariff strategy.
A spokesperson for the Chinese foreign ministry said late Wednesday that China is ready to fight "any type" of war after hitting back against President Donald Trump's mounting trade tariffs, per BBC.
GBP/USD hit the gas pedal and pumped out another strong session on Wednesday, lurching higher by another 0.85% and notching in a third straight session of firmly bullish gains.
US President Donald Trump is considering exempting certain agricultural products from tariffs imposed on Canada and Mexico, a Bloomberg reporter said on X late Wednesday.
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