On Wednesday's American session, the Australian Dollar pulled back after a brief spike to multi-day highs, with the AUD/USD pair slipping back under the 0.6300 threshold.
The US Dollar Index (DXY) moved lower during Wednesday’s session, lingering near the 104.00 area after President Donald Trump confirmed sweeping tariffs on global imports.
Federal Reserve (Fed) Board of Governors member Ariana Kugler added her voice to the growing chorus of Fed policymakers cautioning that rising inflation pressures, though still small, will force the Fed to stand pat on interest rates for the time being.
EUR/USD lurched higher late Wednesday, tapping its highest bids in ten consecutive trading days after market sentiment reacted positively to better-than-expected tariff levels from the Trump administration.
Gold price tumbles and trades volatile within the $3,100 - $3135 as US President Donald Trump imposed reciprocal tariffs worldwide, with the details pending of being released.
Gold price extends its gains on Wednesday, remaining near all-time highs as market participants wait for US President Donald Trump's tariff plans at around 20:00 GMT.
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, is trading below the 104.00 area during Wednesday’s session amid heightened caution ahead of the White House’s official tariff announcement.
The Greenback traded on the back foot on Wednesday, receding markedly against the backdrop of increasing prudence ahead of President Trump’s announcements on reciprocal tariffs.
Tesla investors saw a glimmer of hope on Wednesday after reports suggested that Elon Musk could soon step down from his role in the Trump administration.
The Mexican Peso (MXN) remains on the defensive against the US Dollar (USD), trading with losses of more than 0.50% as traders await US President Donald Trump's Liberation Day announcement later today.
The Dow Jones Industrial Average (DJIA) took a step higher in early Tuesday trading, climbing 350 points and adding 0.85% from the day’s opening bids as investors lean into bets that the Trump administration’s long-awaited “reciprocal” tariffs package will be nowhere near as devastating as US President Donald Trump has been threatening.
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