USD/CAD rose after Trump announced 25% auto tariffs, impacting Canada’s exports and influencing Bank of Canada policy.
Nomura favors a long JPY stance amid US tariff uncertainty, BoJ yen stability focus, and domestic anti-inflation measures.
The Mexican Peso depreciates to 20.22 per USD as economic weakness fuels expectations of Banxico’s rate cut.
Canadian Dollar fluctuates amid US tariff concerns, peaking before retreating. Key factors: interest rates, oil prices, inflation.
Westpac expects no RBA rate change in April, with a possible cut in May depending on inflation data.
The US Dollar strengthened as yields rose, impacting EUR/USD, GBP/USD, USD/JPY, AUD/USD, commodities, and market sentiment.
A 25% tariff on foreign cars starts April 2nd, alongside a proposed tax break for American-made vehicles.
Tariff policies may increase uncertainty and inflation, complicating Fed forecasts and impacting rate cuts and monetary policy.
Goldman Sachs raises its 2025 gold forecast to USD 3,300, citing strong Asian central bank demand.
BoC minutes signal a possible pause; officials debated rate cuts amid tariffs, inflation concerns, and economic uncertainty.
