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USD/JPY slumps to three-week low amid Trump's tariffs-inspired risk-off impulse
USD/JPY dives to a three-week low, closing in on 147.00 in the Asian session on Thursday as Trump's sweeping trade tariffs provide a strong boost to the safe-haven asset Japanese Yen. Meanwhile, US receesion fears smash the US Dollar back closer to a multi-month low touched in March, undermining the pair.
AUD/USD remains heavy below 0.6300 despite upbeat Chinese PMI data
AUD/USD remains under decent selling pressure below 0.6300 in Asian session on Thursday. The Australian Dollar keeps losses against the US Dollar despite the strong Chinese PMI data. US President Donald Trump's global reciprocal tariffs-led risk aversion remains a drag on the Aussie pair.
Gold price corrects from record high as focus shifts to US NFP data
Gold price is correcting sharply from a new record high of $3,168 reached in the early Asian session on Thursday. Despite the pullback, Gold price preserves a significant part of the recent record run, courtesy of escalating risks of a global trade war and a US recession.
Bitcoin and top altcoins slide as Trump kicks off reciprocal tariffs
Bitcoin and the entire crypto market saw a quick correction on Wednesday following President Donald Trump's reciprocal tariff announcements based on half of each country's respective rates.
Trump’s “Liberation Day” tariffs on the way
United States (US) President Donald Trump’s self-styled “Liberation Day” has finally arrived. After four straight failures to kick off Donald Trump’s “day one” tariffs that were supposed to be implemented when President Trump assumed office 72 days ago, Trump’s team is slated to finally unveil a sweeping, lopsided package of “reciprocal” tariffs.
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