News
Important Only
CNY: Depreciation remains a key policy response – ING
In China, the PBoC set the USD/CNY fixing at 7.2066 this morning. This marks the fifth consecutive adjustment higher, reinforcing the view that a controlled weakening of the yuan (albeit not a devaluation) is part of China’s policy response to tariffs, ING's FX analyst Francesco Pesole notesFxstreet
Wed, Apr 9
EUR: Benefitting from USD losses – ING
EUR/USD has rallied back above 1.10, banking on idiosyncratic USD weakness. The Atlantic spreads can have inverse correlations with FX if there are signs that markets are losing confidence in a broader spectrum of USD-denominated assets, ING's FX analyst Francesco Pesole notes.Fxstreet
Wed, Apr 9
MANTRA Price Forecast: OM launches MANTRA Ecosystem Fund to boost RWA innovation and growth
MANTRA (OM) price hovers around $6.24 on Wednesday after rallying almost 9% so far this week. On Monday, the MANTRA chain launched the MANTRA Ecosystem Fund (MEF) with over $108 million to drive innovation and growth in Real-World Asset (RWA) tokenization.Fxstreet
Wed, Apr 9
NZD/USD Price Forecast: Rebounds from sub-0.5500 levels/multi-year low; not out of the woods yet
The NZD/USD pair stages a modest recovery from levels below the 0.5500 psychological mark, or the lowest since March 2020 touched earlier this Thursday after the Reserve Bank of New Zealand (RBNZ) announced its policy decision.
Fxstreet
Wed, Apr 9
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bears target $73,000 BTC, $1,300 ETH, and $1.30 XRP
Bitcoin (BTC) price hovers around $76,200 on Wednesday after falling 3.59% the previous day. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and continued their downward trend. The technical outlook suggests a correction, targeting $73,000 BTC, $1,300 ETH, and $1.30 XRP.
Gold struggles below $3,000 amid rising yields and tariff jitters
Gold price snaps three days of losses, consolidates below the $3,000 figure as US Treasury yields rise, making the non-yielding metal less appealing for investors. Even though there are hopes of trade deals between partners, the “trade war” between the US and China makes investors uneasy.
Fxstreet
Wed, Apr 9
Australian Dollar finds tentative footing near 0.6000 amid tariff turmoil, mixed signals on Tuesday
The Australian Dollar staged a fragile bounce during Tuesday’s American session, holding near the 0.6000 zone after rebounding from session lows. This recovery came as the US Dollar’s earlier strength faded, helping risk currencies like the Aussie stabilize within their recent five-year low range.
Fxstreet
Tue, Apr 8
US Dollar sees volatility on US tariff disputes with China
The US Dollar Index (DXY), which tracks the performance of the US Dollar against six major currencies, is trading near the 103.00 region during Tuesday’s session. Momentum picked up after upbeat labor market data last week, helping the index rebound from recent lows.Fxstreet
Tue, Apr 8
Mexican Peso weakens amid tariff concerns despite trade deal hopes
The Mexican Peso prolonged its losses for the third straight day against the Greenback as market sentiment improved, spurred by revelations of US Treasury Secretary Scott Bessent that deals could be made with major trading partners. At the time of writing, the USD/MXN trades at 20.72, up 0.25%.
Fxstreet
Tue, Apr 8
White House slaps 104% tariffs on China
The White House announced that 104% tariffs on China went into effect at noon Eastern Time, revealed Karoline Leavitt, Press Secretary, as retaliation for China's applying 34% duties on US exports. She added that tariffs will be collected starting on April 9th.Fxstreet
Tue, Apr 8
Dogecoin price rebounds 10% as Elon Musk’s Tesla loses $160B to US trade war: Is DOGE decoupling?
Dogecoin’s (DOGE) price soared 10% within 24 hours, reclaiming the $0.15 level on Tuesday as the global financials market staged a mild rebound after a week of persistent sell-side pressure.Fxstreet
Tue, Apr 8
GBP/USD rebounds as Trump, Bessent stoke tariff deal hopes
The Pound Sterling recovers some ground against the Greenback on Tuesday, edges up 0.34% amid renewed hopes that tariffs are indeed used as a negotiation tools, as US President Donald Trump said that “many, many, countries that are coming to negotiate deals with us.” At the time of writing, the GBP/
Fxstreet
Tue, Apr 8
