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Forex Today: Recession fears continue to dominate markets
Here is what you need to know on Tuesday, March 11: Growing fears over an economic downturn in the US and its potential activity on the global economic outlook triggered a selloff in major equity indexes at the start of the week.Fxstreet
Tue, Mar 11
EUR/USD Price Analysis: Rises above 1.0850 while remaining in overbought territory
The EUR/USD pair gains ground for the third successive session, trading around 1.0860 during the Asian hours on Tuesday. A technical examination of the daily chart indicates a bearish breakout as the pair breaks below an ascending channel pattern, suggesting a shift in momentum from buyers to...
Fxstreet
Tue, Mar 11
Singapore iron ore rises on optimism for increased China demand
BEIJING, March 11 (Reuters) - Prices of Singapore iron ore futures rose on Tuesday, driven by expectations of increased demand as steelmakers in the northern region of China, the top consumer, are set to resume production following the conclusion of its annual parliament meeting. However, gains were...Reuters
Tue, Mar 11
Japanese Yen refreshes multi-month top against USD despite weaker Japan Q4 GDP
The Japanese Yen (JPY) climbed to a fresh multi-month top against its American counterpart during the Asian session on Tuesday despite the downward revision of Japan's Q4 GDP print, which complicates the Bank of Japan's (BoJ) plan for a further rate hike.Fxstreet
Tue, Mar 11
Australia, NZ dollars wobble as Trump tariffs heighten risk aversion
SYDNEY, March 11 (Reuters) - The Australian and New Zealand dollars were in a fragile state on Tuesday, as mounting fears about a tariff-driven U.S. recession fanned risk aversion across financial markets and put a damper on the Antipodeans' recent rally.The Aussie AUD=D3 was struggling at $0.62...Reuters
Tue, Mar 11
FOREX-Dollar dithers as safety bid flows to the yen
By Tom Westbrook SINGAPORE, March 11 (Reuters) - The yen was investors' safe harbour of choice on Tuesday and it traded near five-month highs as fears about a tariff-driven slowdown in U.S. growth have rattled U.S. stocks and the dollar.The Nasdaq .IXIC fell 4% overnight and the S&P 500 ....Reuters
Mon, Mar 10
