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AUD/USD recovers above 0.6000 amid fears of US recession
The AUD/USD pair recovers some lost ground to near 0.6015 during the early Asian session on Tuesday. The US Dollar (USD) edges higher against the Aussie amid concerns over a recession in the United States following US President Donald Trump's sweeping tariffs on trading partners.
Fxstreet
Tue, Apr 8
EUR/USD continues to pare brief tariff gains
On Monday, EUR/USD dropped again, marking a second consecutive day of declines for Fiber and pushing bids down to the 1.0900 level. Following a short break, the US Dollar is back in control of risk-off flows, with weakening investor sentiment further strengthening the Greenback across the board.
Fxstreet
Mon, Apr 7
Infineon Technologies to buy Marvell's auto ethernet business for $2.5 billion
April 7 (Reuters) - German chipmaker Infineon Technologies IFXGn.DE said on Monday it would buy Marvell Technology's MRVL.O automotive ethernet business for about $2.5 billion in cash, to expand its microcontroller segment.The automotive ethernet business, which will become a part of Infineon...Reuters
Mon, Apr 7
AUD/JPY Price Analysis: Aussie dips toward 88.50 as bearish momentum persists
The AUD/JPY pair extended its soft tone on Monday ahead of the Asian session, easing toward the 88.50 area. Despite a mild daily decline, the pair remains entrenched in a broader downtrend, trading well beneath its key moving averages.
Fxstreet
Mon, Apr 7
FOREX-US dollar weakens against safe-haven Swiss franc as tariff worries ripple through markets
Will dollar lose credibility as reserve currency? Aussie steadies after hitting five-year lowMarkets leaning toward Fed cut in MayBy Chibuike Oguh and Yadarisa Shabong NEW YORK, April 7 (Reuters) - The U.S. dollar weakened against the safe-haven Swiss franc in mixed trading on Monday as conce...Reuters
Mon, Apr 7
COLUMN-Wall Street isn't even close to pricing in recession: McGeever
By Jamie McGeeverORLANDO, Florida, April 7 (Reuters) - If a proper bear market is unfolding on Wall Street, then it still has a long way to go, especially if the U.S. economy tips into recession. While the S&P 500 on Monday narrowly avoided what would have been the worst three-day selloff since ...Reuters
Mon, Apr 7
US Treasury Secretary Bessent to head trade talks with Japan - Nikkei
TOKYO, April 8 (Reuters) - U.S. Treasury Secretary Scott Bessent will lead trade negotiations with Japan, the Nikkei newspaper reported on Tuesday.Under Bessent, Washington is likely to discuss dollar/yen moves with Tokyo as well as trade, the Nikkei said, citing unnamed U.S. Treasury Department sou...Reuters
Mon, Apr 7
US Treasury Secretary Bessent to head trade talks with Japan - Nikkei
TOKYO, April 8 (Reuters) - U.S. Treasury Secretary Scott Bessent will lead trade negotiations with Japan, the Nikkei newspaper reported on Tuesday.Under Bessent, Washington is likely to discuss dollar/yen moves with Tokyo as well as trade, the Nikkei said, citing an unnamed U.S. Treasury Department ...Reuters
Mon, Apr 7
CANADA FX DEBT-Canadian dollar gains as investors assess relative tariff impact
Canadian dollar gains 0.1% against the greenbackTrades in a range of 1.4180 to 1.4296Firms see sharply higher chance of recessionBond yields rise across the curveBy Fergal Smith TORONTO, April 7 (Reuters) - The Canadian dollar edged higher against its U.S. counterpart on Monday, clawing back some...Reuters
Mon, Apr 7
Pound Sterling Price News and Forecast: GBP/USD crashes over 100 pips below 1.28 as trade war escalates
The Pound Sterling (GBP) plunges over 100 pips or 0.90% against the Greenback at the beginning of the week, driven by recession fears and hopes cut short that the White House could reconsider their position in trade policies over the weekend.
Fxstreet
Mon, Apr 7
Trump tariff turmoil pushes UK gilt yields up by most since Truss aftermath
By David Milliken LONDON, April 7 (Reuters) - British government bond yields surged on Monday, reversing a big drop earlier in the day and tracking U.S. Treasury yields higher amid speculation that U.S. President Donald Trump might pause the imposition of tariffs . Thirty-year gil...Reuters
Mon, Apr 7
FOREX-Investors pile into safe-haven currencies as tariff worries ripple through markets
Investors scoop up the yen and Swiss francAussie steadies after hitting five-year lowMarkets leaning toward Fed cut in MayBy Chibuike Oguh and Yadarisa Shabong NEW YORK, April 7 (Reuters) - Investors bought into safe havens such as the dollar, yen and Swiss franc on Monday as concerns about a glo...Reuters
Mon, Apr 7
UK's Starmer sees no immediate need to loosen fiscal rules after Trump tariff shock
LONDON, April 7 (Reuters) - British Prime Minister Keir Starmer said on Monday that his government's first reaction to higher tariffs imposed by U.S. President Donald Trump should not be to relax public borrowing rules.Finance minister Rachel Reeves' fiscal rules - which aim to achieve a bal...Reuters
Mon, Apr 7
EU Trade Commissioner Sefcovic: Offered zero-for-zero tariffs to US for cars and all industrial goods
European Union trade commissioner Maros Sefcovic said on Monday that a range of tariffs is hitting 380 billion Euros worth of EU exports of the US. "Some 70% of our total exports are facing tariffs," he added.Fxstreet
Mon, Apr 7
CEE MARKETS-Central Europe's equities deepen worst slide in years in tariff fallout
Budapest stocks down most since 2022Indices off early lows, but stay downFX losses softer after sharp falls last weekTariffs to hit CEE economies reliant on exportsFocus on central bank rate outlooks after tariffsBy Anita Komuves BUDAPEST, April 7 (Reuters) - Central European stock markets contin...Reuters
Mon, Apr 7
ANALYSIS-ECB rates could fall faster as recession risk mounts
Markets price in risk of euro zone recessionECB now seen cutting in April and June Analysts speculate about emergency tools By Balazs Koranyi and Francesco Canepa FRANKFURT, April 7 (Reuters) - A global market rout induced by U.S. President Donald Trump's tariffs scheme has solidified the cas...Reuters
Mon, Apr 7
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Monday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.2% lower at C$1.4252 to the greenback, or 70.17 U.S. cents, after trading in a range of 1.4197 to 1.4296.Canadian government 10-year bond yields CA10YT=RR r...Reuters
Mon, Apr 7
FOREX-Investors seek refuge in dollar, yen as tariff fallout grips markets
Investors scoop up the yen and Swiss francAussie steadies after hitting five-year lowMarkets leaning toward Fed cut in MayBy Rae Wee and Yadarisa Shabong SINGAPORE, April 7 (Reuters) - Investors poured into safe havens such as the dollar, yen and Swiss franc on Monday as the market rout from U.S....Reuters
Mon, Apr 7
