News
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Forex
AUD/NZD sticks to intraday gains around 1.0800 after RBNZ’s expected 25 bps rate cut
The AUD/NZD cross regains positive traction during the Asian session on Wednesday, though it struggles to capitalize on the move and remains confined in the previous day's broader range. Spot prices retreat a few pips after the Reserve Bank of New Zealand (RBNZ) announced its policy decision and...
Fxstreet
Wed, Apr 9
Other
Taiwan rattled by 5.8 magnitude quake, no reports of damage
TAIPEI, April 9 (Reuters) - A deep, 5.8 magnitude earthquake struck Taiwan's rural northeastern county of Yilan on Wednesday, the island's weather administration said, with no reports of damage.The quake, which shook buildings in capital Taipei, had a depth of 72.4 km (45 miles), the weather...Reuters
Wed, Apr 9
Stocks
Taiwan hopes for quick agreement with US on tariffs issue
TAIPEI, April 9 (Reuters) - Taiwan's hopes that it can come to a quick agreement with the United States to resolve the tariffs issue and last weekend already approached Washington to discuss the issue, a senior Taiwanese official said on Wednesday.Taiwan has responded to U.S. President Donald Tr...Reuters
Wed, Apr 9
Stocks
ASX-listed copper miners track weaker prices; China braces for US tariffs
** Copper miners listed on the Australian stock exchange fell as copper prices dropped, with the looming 104% U.S. tariff on major consumer China set to take effect MET/L** Shares of Capstone Copper listed on the Australian stock exchange CSC.AX CS.TO slide as much as 8.6%, on track to lose over 4% ...Reuters
Wed, Apr 9
Stocks
GLOBAL MARKETS-Stocks slide in Asia as recession fears pummel sentiment, oil hits 4-yr lows
Oil prices dive 4%, safe-haven currencies gainWall St futures down nearly 2%, Nikkei tumbles 3%PBOC fixed the yuan at weakest level since Sept 2023New Zealand central bank cuts by 25 bps amid trade uncertaintyBy Stella Qiu SYDNEY, April 9 (Reuters) - Stocks in Asia extended a slide on Wall Street...Reuters
Wed, Apr 9
Other
South Korea announces emergency measures for auto industry hit by US tariffs
Tariffs set to cause "significant" damage to auto industry, Seoul saysGovernment plans tax cuts, subsidies, and financing to boost domestic demandHyundai Motor maintains prices despite tariffs, plans $21 billion U.S. investmentBy Jihoon Lee and Heekyong Yang SEOUL, April 9 (Reuters) - Sou...Reuters
Wed, Apr 9
Economic Indicator
USD/INR holds steady ahead of RBI rate decision
The Indian Rupee (INR) trades flat on Wednesday after reaching the largest single-day loss in nearly three months in the previous session. The local currency remains under pressure amid a looming global trade war stoking fears of economic meltdown.Fxstreet
Wed, Apr 9
Commodities
GRAINS-Soybeans continue recovery on weaker dollar, higher Brazil prices
CANBERRA, April 9 (Reuters) - Chicago soybean futures continued their climb on Wednesday, bouncing back from four-month lows hit earlier in the week, aided by rising prices in Brazil and a softer dollar, which made U.S. agricultural goods more competitive in global markets. Corn and wheat futures a...Reuters
Wed, Apr 9
Other
New Zealand finance minister says RBNZ rate cuts affirms work done by govt
SYDNEY, April 9 (Reuters) - New Zealand's Finance Minister Nicola Willis said on Wednesday the Reserve Bank of New Zealand's reduction in the Official Cash Rate affirms the government's efforts to rein in public spending.Reuters
Wed, Apr 9
Stocks
Australia's CSL hits nearly 18-month low on tariff concerns
** Shares of CSL CSL.AX fall as much as 6.7% to A$229.2, their lowest level since Oct. 30, 2023 ** Shares trim some losses to last trade 4.6% lower ** Biotech giant bears the brunt of U.S. plans to announce a "major" tariff on pharmaceutical imports** U.S. President Donald Trump said the...Reuters
Wed, Apr 9
Other
US says it's aware of Palestinian American's killing by Israeli forces in West Bank
By Daphne Psaledakis and Kanishka Singh WASHINGTON, April 8 (Reuters) - The U.S. State Department said on Tuesday it was aware of the killing by Israeli forces of a Palestinian American teenager in the Israeli-occupied West Bank and was seeking more information about the incident.A State Departme...Reuters
Wed, Apr 9
Other
Taiwan rattled by 5.8 magnitude quake, no immediate reports of damage
TAIPEI, April 9 (Reuters) - A 5.8 magnitude earthquake struck Taiwan's northeastern county of Yilan on Wednesday, the island's weather administration said, with no immediate reports of damage.The quake, which shook buildings in the capital Taipei, had a depth of 72.4 km (45 miles), the weath...Reuters
Wed, Apr 9
Cryptocurrencies
Bitcoin Rebounds From $74,000 Low As Whales Crank Up Activity
Bitcoin has bounced back from its latest low as on-chain data shows the Whale Transaction Count has witnessed a spike on the network. Bitcoin Whale Transaction Count Has Just Seen A Large Spike As pointed out by analyst Ali Martinez in a new post on X, whales notably upped their activity during the ...NewsBTC
Wed, Apr 9
Other
Judge lifts Trump White House restrictions on AP while lawsuit proceeds
AP says ruling affirms press freedomsWould allow AP journalists access to Oval Office, Air Force OneRuling to take effect on Sunday, giving White House time to appealWhite House does not immediately respondBy Andrew Goudsward WASHINGTON, April 8 (Reuters) - A U.S. judge on Tuesday ordered Preside...Reuters
Wed, Apr 9
Economic Indicator
EXCLUSIVE-TSMC could face $1 billion or more fine from US probe, sources say
TSMC made chips for China's Sophgo that matched Huawei'sTSMC may have violated export control regulations in filling orders-sourcesCompanies can be fined up to twice the value of transactions for prohibited conductIt is unclear how and when the matter may be resolved By Karen Freifeld Apr...Reuters
Wed, Apr 9
Forex
Australian Dollar appreciates amid potential easing of global trade tensions
The Australian Dollar (AUD) halts its three-day losing streak against the US Dollar (USD) on Wednesday, supported by comments from US President Donald Trump suggesting a willingness to negotiate with trade partners.
Fxstreet
Wed, Apr 9
Forex
Japan, US may debate FX in trade talks, finance minister Kato says
TOKYO, April 9 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Wednesday trade negotiations with the United States could include discussions on foreign exchange rates."There has been various communication, including on exchange rates, from the U.S. side, so currency moves could be a...Reuters
Wed, Apr 9
