Gold shines as we draw closer to Trump tariffs deadlineThe DAX index falls as auto stocks get slammed on Trump's 25% tariffsTrump threatens "large scale" tariffs on EU, Canada if they cause economic harm to the USGerman economy minister: We must be clear that we will not back down to US tariffsUK's Chancellor Reeves: The UK is in intensive tariff talksECB's Wunsch: A rate cut pause in April should be on the tableECB's Kazāks: We can probably keep cutting if baseline holdsECB's Villeroy: Increase in long term yields tightens financial conditionsPBOC deputy governor says monetary policy is supportive, relatively looseEurozone February M3 money supply +4.0% vs +3.8% y/y expectedDollar expected to be bid on month-end - DeutscheDollar the flavour this month-end, quarter-end - Barclays
Markets:
GBP leads, JPY lags on the dayEuropean equities lower; S&P 500 futures down 0.2%US 10-year yields up 5.3 bps to 4.390%Gold up 1.0% to $3,050.54WTI crude down 0.3% to $69.41Bitcoin down 0.3% to $86,968EUR/USD did briefly pare gains to 1.0750 before pulling back up to 1.0785 currently, as the dollar trades more mixed on the session. USD/JPY is up 0.2% to 150.90 levels amid higher bond yields while GBP/USD is seen up 0.4% to 1.2935 on the day.
Meanwhile, AUD/USD is seen up 0.3% to 0.6315 despite the risk divergence. That said, it's still early in the day.
In the commodities space, gold continues to shine brightly as it edges higher close to its record high of $3,057. Increased economic uncertainty is just among the list of reasons in keeping the precious metal bid during these testing times, as the gold bugs continue to keep buzzing for the time being.
Coming up later, we do have some US data to work through in the form of the weekly jobless claims and Q4 final GDP. But as has been the case all week, tariff headlines will continue to be the main focus ahead of the 2 April deadline next week.
This article was written by Justin Low at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( ForexLive European FX news wrap: Dollar mixed, gold edges higher as risk stays cautious )
Also on site :