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Forex Today: US tariff turmoil, geopolitics trigger volatilte start to week
Here is what you need to know on Monday, February 23:
Fxstreet
17 minutes ago
EUR: Supported by hawkish PMI surprise – Danske Bank
Danske Bank’s Danske Research Team reports that Euro area PMIs surprised on the upside, with the composite index and manufacturing back above 50, the highest since the ECB began hiking.
EUR/USD
Fxstreet
26 minutes ago
GBP/JPY Price Forecast: Falling 20-day EMA supports downside bias
The GBP/JPY pair is down 0.11% to near 208.80 during the European trading session on Monday. The cross faces selling pressure as the United States (US) Supreme Court ruling against President Donald Trump’s tariff policy has improved the safe-haven demand of the Japanese Yen (JPY).
GBP/JPY
Fxstreet
37 minutes ago
Pound Sterling holds gains above 1.3500 amid stronger UK data, US tariff uncertainty
The GBP/USD pair holds positive ground near 1.3520 during the early European session on Monday. The major pair recovers after falling to four-week lows last week amid renewed concerns over US tariffs.
GBP/USD
Fxstreet
an hour ago
NZD/USD surrenders some early gains even as US Dollar remains fragile
The NZD/USD pair gives back half of its early gains during the early European trading session on Monday after facing selling pressure above the psychological barrier of 0.6000.
NZD/USD
Fxstreet
an hour ago
AUD/USD Price Forecast: Turns upside down after facing selling pressure above 0.7100
The AUD/USD pair gives back its early gains after facing selling pressure above 0.7100 and falls 0.23% to near 0.7065 during the late Asian trading session on Monday. The Aussie pair turns upside down as the Australian Dollar (AUD) underperforms across the board.
AUD/USD
Fxstreet
2 hours ago
USD/CHF softens below 0.7750 as Swiss Franc strengthens amid tariff uncertainty
The USD/CHF pair faces some selling pressure to around 0.7725 during the early European session on Monday. US President Donald Trump’s fresh tariff plans weigh on the Greenback against the Swiss Franc (CHF).
USD/CHF
Fxstreet
2 hours ago
FOREX-Dollar dips as court ruling upends US tariff wall
By Tom Westbrook and Rae Wee SINGAPORE, Feb 23 (Reuters) - The dollar fell on Monday as traders took the U.S. Supreme Court's decision to strike down a slew of President Donald Trump's tariffs as supportive for global growth, though confusion and risk of conflict with Iran kept moves caut...
Reuters
2 hours ago
USD/INR ticks lower at open as US SC strikes down Trump’s tariff policy
The Indian Rupee (INR) opens marginally higher against the US Dollar (USD) at the start of the week. The USD/INR ticks down to near 90.86 as the US Dollar (USD) has come under pressure, following the United States (US) Supreme Court’s (SC) ruling against President Donald Trump’s tariff policy.
Fxstreet
2 hours ago
AUD/JPY Price Forecast: Falls to near 109.00 while staying above 100-day EMA, bullish bias intact
The AUD/JPY cross tumbles to near 109.05 during the early European session on Monday. Renewed trade war fears, rising geopolitical tensions in the Middle East, and uncertainty provide some support to a safe-haven currency such as the Japanese Yen (JPY) against the Aussie.
AUD/JPY
Fxstreet
3 hours ago
EUR/USD Price Forecast: Hovers around nine-day EMA above 1.1800
EUR/USD gains ground for the second successive session, trading around 1.1820 during the Asian hours on Monday. The 14-day Relative Strength Index (RSI) momentum indicator stands at 51 (neutral) after recovering above the midline, indicating stabilizing momentum.
EUR/USD
Fxstreet
3 hours ago
Japanese Yen sticks to intraday gains as trade-war fears underpin safe-haven assets
The USD/JPY pair sticks to heavy intraday losses through the Asian session on Monday, though it manages to defend and rebound a few pips from the 154.00 round-figure mark. Spot prices currently trade around the 154.35 region, still down over 0.45% for the day, and seem vulnerable to slide further.
USD/JPY
Fxstreet
4 hours ago
EUR/JPY drops to near 182.40 as US trade policy uncertainty boosts Yen’s appeal
The EUR/JPY pair trades 0.15% down to near 182.40 during the Asian trading session on Monday. The cross has come under pressure as the safe-haven appeal of the Japanese Yen (JPY) has improved in a holiday mood in Japan amid uncertainty over the United States (US) trade policy.
EUR/JPY
Fxstreet
4 hours ago
INDIA RUPEE-Indian rupee set to rise after US court scraps Trump tariffs; new 15% duty tempers relief
By Nimesh Vora MUMBAI, Feb 23 (Reuters) - The Indian rupee is set to open higher on Monday after the U.S. Supreme Court stuck down President Donald Trump's emergency tariffs, though his subsequent 15% duty announcement is likely to limit follow-through. The 1-month non-deliverable forward...
Reuters
5 hours ago
Canadian Dollar drifts higher above 1.3650 on tariff uncertainty, higher crude oil
The USD/CAD pair drifts lower to near 1.3665 during the Asian trading hours on Monday, pressured by lower crude oil prices and US tariff uncertainty. Traders await the release of the US Producer Price Index (PPI) report for January, which is due later on Friday.
USD/CAD
Fxstreet
5 hours ago
Silver Price Forecast: XAG/USD rises to near $87.50 on tariff, US-Iran concerns
Silver price (XAG/USD) extends its winning streak for the fourth consecutive day, trading around $87.10 per troy ounce during the Asian hours on Monday. Safe-haven demand for precious metals, including Silver, has strengthened as tariff uncertainty continues to unsettle markets.
Silver
Fxstreet
5 hours ago
BOJ may raise rates in March if yen resumes slide, says ex-policymaker
U.S. rate checks show Washington's preference for strong yenApril hike makes better sense but yen moves may trigger MarchBOJ may need to hike rates twice each in 2026, 2027Hiking rates at faster pace may stoke financial system riskBy Leika Kihara TOKYO, Feb 23 (Reuters) - The Bank of Japan ma...
Reuters
5 hours ago
Australia, NZ currencies hold firm as US dollar dragged down by tariffs
Dollar slips as confusion surrounds US trade policyAll eyes on Aussie CPI on Wednesday for clues of a May hikeRBA's chief Bullock due to speak on Wednesday after dataBy Stella Qiu SYDNEY, Feb 23 (Reuters) - The Australian and New Zealand dollars held firm on Monday as their U.S. counterpart s...
Reuters
6 hours ago
NZD/USD remains stronger near 0.6000 as New Zealand’s Q4 Retail Sales rises
NZD/USD gains ground for the third consecutive session, trading around 0.5990 during the Asian hours on Monday.
NZD/USD
Fxstreet
6 hours ago
WEEKAHEAD-Rupee to sway to tariff flux; bond traders track oil prices, supply worries
By Jaspreet Kalra and Dharamraj Dhutia MUMBAI, Feb 23 (Reuters) - The Indian rupee will track developments in U.S. tariff policies this week after the U.S. Supreme Court struck down levies imposed by President Donald Trump, prompting him to raise a temporary tariff on U.S. imports from 10% to 15%...
Reuters
6 hours ago
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