USD/MMK Exchange rate

Gold price hits a fresh all-time peak above $3,070 in the Asian session on Friday as escalating global trade tensions, the uncertainty over Trump's reciprocal tariffs, and the risk-off mood continue to drive safe-haven flows. Bets that the Fed will resume its rate-cutting cycle soon lend additional support to the bullion.

USD/JPY has come under moderate selling pressure and heads toward 150.50 early Friday. Hot Tokyo CPI figures and BoJ's March Summary of Opinions ramp up BoJ rate hike bets, supporting the Japanese Yen. Meanwhile, tariff jitters undermine the US Dollat, bolstering the haven demand for the Yen. 

AUD/USD drops back below 0.6300 in Friday's Asian trading, undermined by broad risk-aversion due to US President Trump's latest auto tariffs announcements. Traders now look to the US PCE Price Index for some meaningful impetus. Hopes for more stimulus from China could cap the Aussie's decline. 

XRP failed to recover on Thursday, noting a 2% decline despite Ripple's latest partnership with mobile payment services provider Chipper Cash. The collaboration aims to support cross-border payments for Chipper Cash using Ripple Payments.

Trump has so far enacted tariff changes that have lifted the trade-weighted average tariff rate on all US imports by around 5.5-6.0%-points. While re-rerouting of trade will decrease the effectiveness of tariffs over time, the current level is already close to the highest since the second world war.