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ForexLive Asia-Pacific FX news wrap: Awaiting Trump’s reciprocal tariffs (EUR up!)
ForexLive Asia-Pacific FX news wrap: Awaiting Trump’s reciprocal tariffs (EUR up!)
By Forex Live
ForexLive Asia-Pacific FX news wrap: Awaiting Trump’s reciprocal tariffs (EUR up!)
Forex news for Asian trading on Thursday, February 13, 2025
Session wrap
Wrap Asia
EUR/USD appreciates to near 1.0450 ahead of German HICP inflation data
EUR/USD appreciates to near 1.0450 ahead of German HICP inflation data
By Fxstreet
EUR/USD appreciates to near 1.0450 ahead of German HICP inflation data
The EUR/USD pair continues its upward momentum for the third straight session, hovering around 1.0430 during Asian trading hours on Thursday.
EURUSD
TradeWar
Macroeconomics
Eurozone
China has proposed holding a Trump / Putin summit
China has proposed holding a Trump / Putin summit
By Forex Live
China has proposed holding a Trump / Putin summit
Wall Street Journal report
Politics
China
USD
rub
GBP/USD rises above 1.2450 ahead of UK GDP data
GBP/USD rises above 1.2450 ahead of UK GDP data
By Fxstreet
GBP/USD rises above 1.2450 ahead of UK GDP data
GBP/USD extends its winning streak for the third consecutive day, trading around 1.2460 during Thursday’s Asian session.
GBPUSD
Majors
Macroeconomics
BOE
UnitedKingdom
Trump will be signing more executive orders on Thursday, February 13 - reciprocal tariffs?
Trump will be signing more executive orders on Thursday, February 13 - reciprocal tariffs?
By Forex Live
Trump will be signing more executive orders on Thursday, February 13 - reciprocal tariffs?
At 1300 US Eastern time, which is 1800 GMT
Politics
USD
NZD/USD moves below 0.5650 following RBNZ Inflation Expectations
NZD/USD moves below 0.5650 following RBNZ Inflation Expectations
By Fxstreet
NZD/USD moves below 0.5650 following RBNZ Inflation Expectations
NZD/USD continues to decline for the second consecutive day, trading around 0.5640 during Thursday’s Asian session.
NZDUSD
Majors
Macroeconomics
NewZealand
RBNZ
Japanese Yen strengthens further against a broadly weaker USD
Japanese Yen strengthens further against a broadly weaker USD
By Fxstreet
Japanese Yen strengthens further against a broadly weaker USD
The Japanese Yen (JPY) attracts some buyers following the release of stronger-than-expected Japan's Producer Price Index (PPI) on Thursday, which reaffirms bets that the Bank of Japan (BoJ) will hike rates further.
USDJPY
BOJ
Fed
TradeWar
SEO
Silver Price Forecast: XAG/USD gains traction above $32.00 on trade war concerns
Silver Price Forecast: XAG/USD gains traction above $32.00 on trade war concerns
By Fxstreet
Silver Price Forecast: XAG/USD gains traction above $32.00 on trade war concerns
Silver price (XAG/USD) edges higher to $32.25 during the Asian trading hours on Thursday.
Silver
XAGUSD
Commodities
Macroeconomics
Australian Dollar maintain gains as US Dollar depreciates ahead of US PPI inflation data
Australian Dollar maintain gains as US Dollar depreciates ahead of US PPI inflation data
By Fxstreet
Australian Dollar maintain gains as US Dollar depreciates ahead of US PPI inflation data
The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Thursday, following a rise in Australia’s Consumer Inflation Expectations.
AUDUSD
SEO
Macroeconomics
Majors
Australia
RBNZ Survey: NZ two-year inflation expectations decline to 2.06% QoQ in Q1 2025
RBNZ Survey: NZ two-year inflation expectations decline to 2.06% QoQ in Q1 2025
By Fxstreet
RBNZ Survey: NZ two-year inflation expectations decline to 2.06% QoQ in Q1 2025
New Zealand's (NZ) inflation expectations were a mixed bag on a 12-month and a two-year time frame for the first quarter of 2025, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions survey showed on Thursday.
RBNZ
NewZealand
Inflation
Macroeconomics
USD/INR gains ground as traders await Trump, Modi meeting
USD/INR gains ground as traders await Trump, Modi meeting
By Fxstreet
USD/INR gains ground as traders await Trump, Modi meeting
The Indian Rupee (INR) weakens on Thursday, pressured by the renewed US Dollar (USD) demand.
USDINR
SEO
India
Macroeconomics
EmergingMarkets
PBOC sets USD/CNY reference rate at 7.1719 vs. 7.1710 previous
PBOC sets USD/CNY reference rate at 7.1719 vs. 7.1710 previous
By Fxstreet
PBOC sets USD/CNY reference rate at 7.1719 vs. 7.1710 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1719 as compared to the previous day's fix of 7.1710 and 7.3000 Reuters estimates.
USDCNY
PBOC
CentralBanks
Currencies
UK Housing Market Cools Despite Upbeat Surveyors; Positive Outlook Ahead
UK Housing Market Cools Despite Upbeat Surveyors; Positive Outlook Ahead
By Forex Live
UK Housing Market Cools Despite Upbeat Surveyors; Positive Outlook Ahead
UK housing market shows cooling trend in January, but a positive outlook is supported by easing mortgage pressures.
PBOC is expected to set the USD/CNY reference rate at 7.3000 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.3000 – Reuters estimate
By Forex Live
PBOC is expected to set the USD/CNY reference rate at 7.3000 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
Australian Inflation Expectations survey for February 2025 4.6% (prior was 4.0%)
Australian Inflation Expectations survey for February 2025 4.6% (prior was 4.0%)
By Forex Live
Australian Inflation Expectations survey for February 2025 4.6% (prior was 4.0%)
Melbourne Institute Survey of Consumer Inflation Expectations in Australia
WTI tumbles to near $71.00 as Trump says Putin agrees to start negotiations to end war in Ukraine
WTI tumbles to near $71.00 as Trump says Putin agrees to start negotiations to end war in Ukraine
By Fxstreet
WTI tumbles to near $71.00 as Trump says Putin agrees to start negotiations to end war in Ukraine
WTI attracts some sellers to around $71.10 in Thursday’s early Asian session.
Oil
WTI
Commodities
Macroeconomics
Japan PPI for January is +4.2%y/y (expected +4.0% prior +3.8%)
Japan PPI for January is +4.2%y/y (expected +4.0% prior +3.8%)
By Forex Live
Japan PPI for January is +4.2%y/y (expected +4.0% prior +3.8%)
For the m/m, comes in at +0.3% (vs. expected +0.3% and prior of +0.3%)
EUR/USD regains some ground, but remains hobbled by key technicals
EUR/USD regains some ground, but remains hobbled by key technicals
By Fxstreet
EUR/USD regains some ground, but remains hobbled by key technicals
EUR/USD churned on Wednesday, testing the low end through most of the intraday session before breaking higher after investors tried to shake up an unexpected upswing in US Consumer Price Index (CPI) inflation.
EURUSD
CPI
Inflation
Currencies
GBP/JPY soars as hot US inflation weakens Yen
GBP/JPY soars as hot US inflation weakens Yen
By Fxstreet
GBP/JPY soars as hot US inflation weakens Yen
The GBP/JPY rose sharply during Wednesday’s session, posting gains of over 1.22% or 230 plus pips after a hot US inflation report sent the Greenback higher and pushed the Japanese Yen (JPY) lower against most G8 FX currencies.
GBPJPY
Currencies
Crosses
GBP/USD churns ahead of UK GDP growth check
GBP/USD churns ahead of UK GDP growth check
By Fxstreet
GBP/USD churns ahead of UK GDP growth check
GBP/USD is coiled around 1.2450, churning the charts near middling technical ground as Pound Sterling traders await the UK’s latest Gross Domestic Product (GDP) growth figures.
GBPUSD
CPI
GDP
Inflation
White House says Trump reciprocal tariffs could come by Thursday
White House says Trump reciprocal tariffs could come by Thursday
By Fxstreet
White House says Trump reciprocal tariffs could come by Thursday
The White House said late Wednesday that US President Donald Trump could announce his reciprocal tariff plan before he meets with Indian Prime Minister Narendra Modi on Thursday, per CNBC.
UnitedStates
TradeWar
Macroeconomics
Trump's reciprocal tariffs - more on timing
Trump's reciprocal tariffs - more on timing
By Forex Live
Trump's reciprocal tariffs - more on timing
Thursday seems to be betting
Politics
USD
USD/CAD holds positive ground above 1.4300 as US CPI rises, Oil prices fall
USD/CAD holds positive ground above 1.4300 as US CPI rises, Oil prices fall
By Fxstreet
USD/CAD holds positive ground above 1.4300 as US CPI rises, Oil prices fall
The USD/CAD pair trades on a stronger note near 1.4305 during the late American session on Wednesday.
USDCAD
Majors
Macroeconomics
BOC
Australian Dollar turns down after US CPI and Powell’s testimony
Australian Dollar turns down after US CPI and Powell’s testimony
By Fxstreet
Australian Dollar turns down after US CPI and Powell’s testimony
The Australian Dollar (AUD) extends its sideways consolidation as AUD/USD softens to around 0.6260 in Wednesday’s session, falling 0.30% on the day.
AUDUSD
SEO
Currencies
Fed
New Zealand data: January Card retail sales -1.6% m/m (prior +2.4) & -0.5% y/y (prior -1)
New Zealand data: January Card retail sales -1.6% m/m (prior +2.4) & -0.5% y/y (prior -1)
By Forex Live
New Zealand data: January Card retail sales -1.6% m/m (prior +2.4) & -0.5% y/y (prior -1)
Data for purchases made in New Zealand on debit, credit and store cards.
Trade ideas thread - Thursday, 13 February, insightful charts, technical analysis, ideas
Trade ideas thread - Thursday, 13 February, insightful charts, technical analysis, ideas
By Forex Live
Trade ideas thread - Thursday, 13 February, insightful charts, technical analysis, ideas
Join the discussion and stay ahead in the forex market.
Trump said he may sign reciprocal tariffs today, or tomorrow
Trump said he may sign reciprocal tariffs today, or tomorrow
By Forex Live
Trump said he may sign reciprocal tariffs today, or tomorrow
Trump hasn't decided, says he'll sign them on Wednesday. Then adds or maybe Thursday morning.
Politics
USD
Forexlive Americas FX news wrap 12 Feb: Higher US CPI pushes yields higher. USD is mixed
Forexlive Americas FX news wrap 12 Feb: Higher US CPI pushes yields higher. USD is mixed
By Forex Live
Forexlive Americas FX news wrap 12 Feb: Higher US CPI pushes yields higher. USD is mixed
Forex news for North American trading on Feb 12, 2025
Session wrap
Wrap Nth America
US stock indices close mixed on the day
US stock indices close mixed on the day
By Forex Live
US stock indices close mixed on the day
NASDAQ marginally higher. S&P and Dow industrial average closed lower but off lowest levels
Tesla shares give back some gains on a report that Musk will remain at DOGE for 4 months
Tesla shares give back some gains on a report that Musk will remain at DOGE for 4 months
By Forex Live
Tesla shares give back some gains on a report that Musk will remain at DOGE for 4 months
Musk to remain at DOGE for the next four months
Canadian Dollar recovery grinds away, Loonie finds fresh eight-week high
Canadian Dollar recovery grinds away, Loonie finds fresh eight-week high
By Fxstreet
Canadian Dollar recovery grinds away, Loonie finds fresh eight-week high
The Canadian Dollar (CAD) briefly tested a new eight-week peak on Wednesday, pushing USD/CAD to its lowest levels since mid-December.
USDCAD
SEO
BOC
TradeWar
Forex Today: Further US inflation gauges should rule the sentiment
Forex Today: Further US inflation gauges should rule the sentiment
By Fxstreet
Forex Today: Further US inflation gauges should rule the sentiment
The US Dollar succumbed to the late selling pressure and faded the post-CPI move to weekly highs, while investors kept digesting Powell’s testimonies and sticky consumer prices in January.
CPI
DollarIndex
Currencies
EURUSD
The market is overlooking the most-important news of the day
The market is overlooking the most-important news of the day
By Forex Live
The market is overlooking the most-important news of the day
Congress isn't interested in tariffs
Politics
BoC Meeting Minutes show Canadian policymakers are awaiting signs of tariff inflation
BoC Meeting Minutes show Canadian policymakers are awaiting signs of tariff inflation
By Fxstreet
BoC Meeting Minutes show Canadian policymakers are awaiting signs of tariff inflation
The Bank of Canada released its latest Meeting Minutes on Wednesday.
BOC
CentralBanks
Inflation
TradeWar
US Dollar gives up gains despite strong CPI data
US Dollar gives up gains despite strong CPI data
By Fxstreet
US Dollar gives up gains despite strong CPI data
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, initially climbed after January’s hotter-than-expected Consumer Price Index (CPI) data but then reversed course.
DollarIndex
SEO
Currencies
Fed
Inflation