EUR/USD rebounded near 1.0850 as risk sentiment improved, while Trump’s tariffs raised concerns for the Eurozone.
Japan’s Finance Minister Kato emphasized stable currency fluctuations and pledged action against excessive market movements amid yen weakness.
PBOC sets yuan midpoint at 7.1780, below estimates. Injects 1.353 trillion yuan, net drain 346 billion.
Japan’s Jibun Bank Services PMI dropped to 49.5 in March, signaling contraction in the services sector.
Japan’s manufacturing PMI falls, AUD/USD climbs, USD/JPY retreats, gold under pressure, and cryptocurrencies consolidate ahead of key data.
US equities and major currencies rose after the White House narrowed Trump’s tariffs, though media coverage remained sparse.
Japan’s March 2025 PMIs fell, indicating declining private sector activity, inflationary pressures, weaker demand, and reduced business confidence.
U.S. equity futures rise amid selective tariff plans; “dirty 15” nations face higher duties, impacting global markets.
The PBOC sets the USD/CNY reference rate, influencing yuan fluctuations within a managed floating exchange rate system.
AUD/USD rises to 0.6280, supported by RBA policy, Chinese stimulus, trade balance, and iron ore demand.
Insights 
VT 
