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EUR/USD has a chance to pull back further toward 1.0725 – UOB Group
Euro (EUR) is likely to trade in a 1.0765/1.0820 range. In the longer run, EUR could pull back further; it does not appear to have enough momentum to break clearly below 1.0725, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Mar 26
Forex Today: US Dollar holds ground ahead of key US data
Here is what you need to know on Wednesday, March 26: The US Dollar (USD) stays resilient against its major rivals early Wednesday, with the USD Index holding steady above 104.00 after snapping a four-day winning streak on Tuesday.Fxstreet
Wed, Mar 26
Pound weakens slightly after cooler-than-expected British inflation
LONDON, March 26 (Reuters) - Sterling weakened slightly on Wednesday after data showed British inflation slowed an annual rate of 2.8% in February from 3.0% in January, also slightly below market expectations. The pound was last down 0.13% on the dollar at $1.2927 having traded at $1.2940 immediatel...Reuters
Wed, Mar 26
FOREX-Dollar unmoored as traders unsure on US tariffs
Dollar back above 150 yenSterling steady ahead of CPI, budget updateFocus on next week's US tariff barrage SINGAPORE, March 26 (Reuters) - The dollar was adrift on Wednesday, with weak U.S. confidence data and concerns about the effect of sweeping tariffs on U.S. growth putting the brakes on ...Reuters
Wed, Mar 26
Taiwan defends trade, currency record ahead of possible US tariffs
TAIPEI, March 26 (Reuters) - Taiwan's central bank on Wednesday defended the island's trade and currency record ahead of possible tariffs from U.S. President Donald Trump, saying the high current account surplus was a structural problem and Washington understood that.Trump officials, includi...Reuters
Wed, Mar 26
Australian dollar edges up despite soft data, budget deficit forecast as greenback weakens
SYDNEY, March 26 (Reuters) - The Australian dollar was slightly higher on Wednesday as U.S. tariff risks drove down the greenback, leading traders to look past a soft local reading on inflation and the government's pre-election budget that forecast a deficit.The Aussie AUD=D3 was 0.1% higher at ...Reuters
Wed, Mar 26
Japan lawmaker says yen undervalued, eyes steps to reverse outflows
Lawmaker sees yen's real value at 120-130 per dollarEyes inheritance tax exemption for Japanese stock holdingsPopularity of foreign stocks seen as weak yen factor By Makiko Yamazaki and Yoshifumi TakemotoTOKYO, March 26 (Reuters) - Japan's economic fundamentals suggest the yen's real val...Reuters
Wed, Mar 26
Taiwan's high current account surplus a structural problem, central bank says
TAIPEI, March 26 (Reuters) - Taiwan's high current account surplus is a structural problem reflecting the sharp increase in U.S. demand for the island's technological products and the United States understands this point of view, Taiwan's central bank said on Wednesday.Taiwan's curre...Reuters
Wed, Mar 26
Yuan wobbles near 2-week low on tariff, growth concerns
By Jiaxing Li HONG KONG, March 26 (Reuters) - China's yuan languished near a two-week low against the dollar on Wednesday, pressured by concerns over the economic impact of U.S. tariffs and the threat of more duties on Chinese goods. By 0300 GMT, the yuan CNY=CFXS was 0.07% lower at 7.2643 to...Reuters
Wed, Mar 26
Morgan Stanley raises Chinese stock targets again on earnings optimism
SHANGHAI, March 26 (Reuters) - Wall Street firm Morgan Stanley MS.N raised on Wednesday its index targets for Chinese shares for the second time this year, citing improved earnings growth forecasts and a more optimistic outlook for the economy and currency.The bank upgraded its year-end index target...Reuters
Wed, Mar 26
