Dollar Index (DXY) inched modestly higher overnight but continues to trade near recent lows. Trump launched a probe into the need for tariffs on critical…
Gold rose back above 3100, from under 3000 overnight as earlier sell-off dissipated. XAU/USD was last at 3123 levels, OCBC’s FX analysts Frances Cheung and…
Despite Trump raising tariffs on China to 125% overnight, USD/CNH fell as broader sentiment improved. Trump unexpectedly paused higher tariffs on 56 nations (excluding China)…
Australian Dollar (AUD) rebounded 4% from its lows overnight after Trump pauses tariffs on most nations for 90 days. Pair was last at 0.6170 levels,…
Euro (EUR) ticked higher vs US Dollar (USD) and was last seen at 1.1044 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. EU…
USD/JPY dipped this morning. Safe-haven demand was the main catalyst while UST-JGB yield differentials also narrowed. Pair was last at 144.74 levels, OCBC’s FX analysts…
Varied reaction in FX markets with open trade, growth-sensitive FX such as CNH, KRW, SGD, MYR and THB under some pressure post-tariff announcement. DXY was…
USD/JPY fell as demand for safe-haven overwhelms even as Japan is slapped with 24% reciprocal tariff rate. USD/JPY was last at 146.69 levels, OCBC’s FX…
Euro (EUR) jumped post-tariff announcement. Reciprocal tariff rate of 20% on EU was largely in line with street’s estimates. EUR was last seen at 1.0964…
US Dollar (USD) held steady as markets await reciprocal tariff announcement on 2 Apr (4pm ET/4am SGT Thurs morning). There are reports to suggest that…