Forex News
ForexLive Asia-Pacific FX news wrap: Trump tariffs remarks trigger USD jump
Welcome to today's edition of Trump tariff talk watch! It sure seems that way.
Tue, 21 Jan 2025 23:45:09 -0500
China's will roll out a new round of growth initiatives for 10 key industries
China's Ministry of Industry and Information Technology (MIIT) announced plans to introduce new growth initiatives for 10 key industries while expanding support for major industrial provinces and cities, officials stated on Tuesday.
Tue, 21 Jan 2025 23:19:46 -0500
Japanese Labor Talks Forecast Big Wage Hikes; BOJ Interest Rate Decision Looms
Major companies have already committed to substantial salary increases, strengthening the case for the Bank of Japan (BOJ) to raise interest rates later this week.
Tue, 21 Jan 2025 22:01:42 -0500
Rupee set to rise at open, alongside Asian peers, before facing resistance
The Indian rupee will likely inch up at the open on Wednesday, tracking an uptick in most of its Asian peers, following which it is expected to have to contend with demand for the U.S. dollar from importers and speculators.
Tue, 21 Jan 2025 21:59:44 -0500
Japanese Yen drifts lower against USD; downside seems limited amid BoJ rate hike bets
The Japanese Yen (JPY) edges lower against its American counterpart during the Asian session on Wednesday, though it remains close to over a one-month peak touched the previous day. The JPY continues to draw support from firming expectations that the Bank of Japan (BoJ) will hike interest rates on Friday.
Tue, 21 Jan 2025 21:29:50 -0500
New Zealand CPI Ticked Slightly Higher in Q4 2024
New Zealand's consumer price inflation came in slightly above expectations in the fourth quarter of 2024, rising 0.5% quarter-on-quarter and holding steady at 2.2% annually.
Tue, 21 Jan 2025 21:23:00 -0500
Internet cables to Matsu Islands (Taiwan) have been severed
These Taiwanese islands are super-close to the mainland. Reports that the undersea cables linking the isl This article was written by Eamonn Sheridan at www.forexlive.com.
Tue, 21 Jan 2025 21:17:37 -0500
Australian Dollar edges lower as Trump administration considers tariff on Chinese imports
The Australian Dollar (AUD) remains subdued against the US Dollar (USD) on Wednesday. The AUD/USD pair faces challenges as US President Donald Trump announced that his administration is considering imposing a 10% tariff on Chinese imports starting February 1.
Tue, 21 Jan 2025 21:13:13 -0500
RBNZ Sectoral Factor Inflation Model arrives at 3.1% YoY in Q4 2024
The Reserve Bank of New Zealand (RBNZ) published its Sectoral Factor Model Inflation gauge for the fourth quarter of 2024, following the release of the official Consumer Price Index (CPI) by the NZ Stats early Wednesday.
Tue, 21 Jan 2025 21:07:00 -0500
Japan's Rengo agrees with BoJ that there is wage hike momentum in regions
With markets fully pricing in an interest rate hike by the Bank of Japan (BoJ) on Friday, the head of Rengo – Japan's largest national trade union center said Wednesday that he agrees with the BoJ there is wage hike momentum in Japanese regions.
Tue, 21 Jan 2025 20:56:00 -0500
Japan PM Ishiba will speak this week - to highlight pay hikes
Japanese Prime Minister Shigeru Ishiba will emphasize strong wage growth surpassing inflation as a key element of his economic revival strategy in an upcoming policy speech to parliament, according to government sources.
Tue, 21 Jan 2025 20:47:27 -0500
Dollar drifts lower as traders ponder Trump tariff plans
The dollar drifted slightly lower on Wednesday in indecisive trading as a lack of clarity on President Donald Trump's plans for tariffs kept financial markets guessing.
Tue, 21 Jan 2025 20:44:55 -0500
China's long new year holiday is coming up, PBOC beginning to inject funds
During this period, many businesses and government offices close, allowing people to travel home for family reunions. Celebrations traditionally continue for 16 days, culminating with the Lantern Festival on February 12.
Tue, 21 Jan 2025 20:36:57 -0500
CAD Held Firm As December Core CPI Challenged BOC Expectations
The Canadian dollar showed resilience following December's inflation report, with elevated core measures and higher oil prices helping support comdoll demand.
Tue, 21 Jan 2025 20:34:00 -0500
WTI tumbles to near $75.50 as Trump plans to boost oil output, impose tariffs
WTI tumbles to near $75.50 as Trump plans to boost oil output, impose tariffs
Tue, 21 Jan 2025 20:31:17 -0500
Japanese Yen and Aussie Dollar News: US Tariff Developments in Focus Pre-BoJ
USD/JPY outlook hinges on BoJ rate hike and inflation. Economists expect hawkish signals to boost Yen, while a “hike-and-hold” move may trigger intervention fears.
Tue, 21 Jan 2025 20:30:41 -0500
China's Vice Premier Xuexiang warns trade war has no winners
Chinese Vice Premier Ding Xuexiang warned on Tuesday that there are “no winners” in a trade war as China confronts the threat of tariffs under Donald Trump's newly elected government, per CNBC.
Tue, 21 Jan 2025 20:02:18 -0500
Japan's largest union boss agrees with BoJ that there is wage rise momentum
Rengo is Japan's largest union. The head of the organisation says he agrees with the Bank of Japan that is wage hike momentum in Japan's regions.
Tue, 21 Jan 2025 19:53:13 -0500
Australia Westpac Leading Index (MoM) dipped from previous 0.1% to 0% in December
Australia Westpac Leading Index (MoM) dipped from previous 0.1% to 0% in December
Tue, 21 Jan 2025 18:55:47 -0500
Australian Leading Index shows "more modest momentum"
The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index to 0.25% in December from 0.33% in November this measure indicates the likely pace of economic activity relative to trend three to nine months into the future WPAC key points: Leading Index growth rate dips back to 0.25% but still slightly positive. Growth set to improve in 2025 but remain lacklustre.
Tue, 21 Jan 2025 18:43:58 -0500
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