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Forex Today: The RBA takes centre stage
Forex Today: The RBA takes centre stage
The US Dollar made a U-turn and left behind three days of gains in quite a negative kick-off of the new trading week, all amid a generalised sharp recovery in the risk-associated universe.
AUDUSD
RBA
Australia
Currencies
EURUSD
US President Donald Trump: 25% tariffs on Canada and Mexico to start Tuesday
US President Donald Trump: 25% tariffs on Canada and Mexico to start Tuesday
United States (US) President Donald Trump hit social media wires on Monday, touching on a wide swath of subjects, but carving time out of his social posting to briefly signal his plans to fundamentally shift how the US agriculture sector works at a foundational level.
OfficialTrump
UnitedStates
TradeWar
Trump re-iterates that tariffs will go on external goods on April 2
Trump re-iterates that tariffs will go on external goods on April 2
The market is more concerned about tariffs due tomorrow on Canada and Mexico
US Dollar holds losses, markets asses Trump signals
US Dollar holds losses, markets asses Trump signals
The US Dollar Index (DXY), which tracks the performance of the Greenback against a basket of six major currencies, is diving sharply on Monday as optimism surrounding a potential Ukraine peace deal weighs on safe-haven demand.
DollarIndex
SEO
Currencies
Fed's Musalem: Unanchoring inflation expectations would concern me
Fed's Musalem: Unanchoring inflation expectations would concern me
Federal Reserve (Fed) Bank of St Louis Alberto Musalem hit newswires on Monday, admitting that signs of economic deterioration are beginning to show through the cracks, but that overall growth and labor figures still look good, at least for the time being.
Fed
CentralBanks
Inflation
Dow Jones Industrial Average tumbles 640 points as tariff threats weigh on markets
Dow Jones Industrial Average tumbles 640 points as tariff threats weigh on markets
The Dow Jones Industrial Average (DJIA) spun in a worried circle on Monday, opening the gates on a new trading week and holding steady near the 43,800 level.
DowJones
Equities
SEO
TradeWar
PMI
Mexican Peso plummets as Trump’s said tariffs to start as promised
Mexican Peso plummets as Trump’s said tariffs to start as promised
The Mexican Peso recovers some ground against the Greenback on Monday, a day before tariffs of 25% would be applied on Mexican goods imported to the United States (US) as President Donald Trump promised.
USDMXN
Fundamental Analysis
Technical Analysis
SEO
TradeWar
Europe: Brave new world – Standard Chartered
Europe: Brave new world – Standard Chartered
Europe’s ability to defend itself and Ukraine is probably greater than is perceived.
Europe
Banks
RussianFederation
UnitedStates
US reciprocal tariffs: What could they look like? – Standard Chartered
US reciprocal tariffs: What could they look like? – Standard Chartered
US will deliver full reciprocal trade analysis on 1 April; it is likely to focus on 20 key economies initially.
Growth
UnitedStates
Banks
TradeWar
Lutnick: Trump will decide on tariffs this afternoon
Lutnick: Trump will decide on tariffs this afternoon
Gotta have time for the insiders to trade on it first?
EUR/USD Price Analysis: Bulls regain control, breaking key resistance levels
EUR/USD Price Analysis: Bulls regain control, breaking key resistance levels
EUR/USD kicked off the week with a solid rally rising past 1.0450, climbing above key technical levels and suggesting that buyers are regaining momentum.
EURUSD
Majors
Currencies
Technical Analysis
Levels
GBP/USD rallies on soft US ISM data, falling US yields
GBP/USD rallies on soft US ISM data, falling US yields
The Pound Sterling snaps two days of losses and rises over 0.89% amid a weaker US Dollar (DXY) which appreciated on Friday following a weaker than expected Atlanta GDP Now forecast for Q1 2025.
GBPUSD
Currencies
Fundamental Analysis
Technical Analysis
US February ISM manufacturing 50.3 vs 50.8 expected
US February ISM manufacturing 50.3 vs 50.8 expected
US February manufacturing survey from the Institute for Supply Management
USD/CAD slumps to near 1.4400 as investors await Trump’s tariffs plan for Canada
USD/CAD slumps to near 1.4400 as investors await Trump’s tariffs plan for Canada
The USD/CAD pair slides to near the key level of 1.4400 in North American trading hours on Monday.
USDCAD
Fed
TradeWar
DollarIndex
InterestRate
AUD/USD jumps to near 0.6230 as US Dollar tumbles, upside remains capped
AUD/USD jumps to near 0.6230 as US Dollar tumbles, upside remains capped
The AUD/USD pair climbs to near 0.6230 in North American trading hours on Monday.
AUDUSD
RBA
Fed
DollarIndex
China
GBP firmer in line with European peers – Scotiabank
GBP firmer in line with European peers – Scotiabank
Pound Sterling (GBP) is firmer, in line with its European peers, as Gilt yields perk up on higher spending risks.
GBPUSD
Technical Analysis
Banks
EUR firmer on rising domestic yields – Scotiabank
EUR firmer on rising domestic yields – Scotiabank
The EUR has found a solid bid on the back of rising long-term yields as investors consider the potential for heftier government borrowing in Europe to bolster defence spending, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Technical Analysis
Banks
CAD: Markets await US tariff news Tuesday – Scotiabank
CAD: Markets await US tariff news Tuesday – Scotiabank
The Canadian Dollar (CAD) is little changed over the weekend as investors continue to focus on tariff uncertainty.
USDCAD
Technical Analysis
Banks
USD slips as markets ponder tariff risks – Scotiabank
USD slips as markets ponder tariff risks – Scotiabank
The US Dollar (USD) is trading more defensively at the outset of what may be a decisive week for markets.
DollarIndex
Technical Analysis
Banks
European stocks look to continue the hot streak in March
European stocks look to continue the hot streak in March
It's another blistering start to the new month for European equities
US Dollar sinks as tariffs are underway while Europe gets united on Ukraine
US Dollar sinks as tariffs are underway while Europe gets united on Ukraine
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is sinking towards 106.50, erasing Thursday and Friday's lows at the time of writing on Monday. Market mood improved after European
DollarIndex
Macroeconomics
UnitedStates
SEO
TradeWar
ForexLive European FX news wrap: Dollar down as risk picks up ahead of tariffs deadline
ForexLive European FX news wrap: Dollar down as risk picks up ahead of tariffs deadline
Forex news from the European morning session on Mar 3, 2025
Session wrap
Wrap Europe
Broker Rebates