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Monthly Archives: March 2025

The NZD/USD approaches 0.5745, supported by a weaker US Dollar and Chinese economic stimulus

Written on March 24, 2025 at 7:23 am, by

NZD/USD rose as the US dollar weakened, supported by Chinese stimulus and trade-related concerns affecting sentiment.

Morgan Stanley has increased its China GDP growth prediction for 2025 to 4.5%, up 50 bps

Written on March 24, 2025 at 7:21 am, by

Morgan Stanley raises China’s 2025 GDP growth forecast to 4.5%, citing latest economic data and trends.

During the early Asian session, the gold price (XAU/USD) dipped to approximately $3,025.

Written on March 24, 2025 at 6:53 am, by

Gold prices fell to $3,025 as ceasefire hopes reduced demand, but expected Fed rate cuts may limit losses.

Governor Ueda of the Bank of Japan has been gradually reducing long-term JGB holdings while addressing monetary policy

Written on March 24, 2025 at 6:51 am, by

BoJ Governor Ueda announced a gradual reduction of JGB holdings, emphasizing stable prices and possible policy adjustments.

Amid slight USD weakening, GBP/USD maintains a positive trend around the 1.2930 level.

Written on March 24, 2025 at 6:23 am, by

GBP/USD rises to 1.2930 as BoE’s stance supports gains, while traders await key UK and US PMI data.

Uchida indicated the Bank of Japan may raise interest rates if economic and price outlook improve

Written on March 24, 2025 at 6:21 am, by

Interest rates may rise further if economic goals improve, with foreign exchange stability and food prices key.

The EUR/USD pair trades around 1.0840, recovering from a three-day decline before PMI data

Written on March 24, 2025 at 5:53 am, by

EUR/USD rebounded near 1.0850 as risk sentiment improved, while Trump’s tariffs raised concerns for the Eurozone.

Kato emphasised the need for currency stability and pledged to address excessive fluctuations in the market

Written on March 24, 2025 at 5:51 am, by

Japan’s Finance Minister Kato emphasized stable currency fluctuations and pledged action against excessive market movements amid yen weakness.

China’s central bank establishes USD/CNY reference rate at 7.1780, lower than the forecasted value

Written on March 24, 2025 at 5:21 am, by

PBOC sets yuan midpoint at 7.1780, below estimates. Injects 1.353 trillion yuan, net drain 346 billion.

The Services PMI in Japan fell to 49.5, down from a previous 53.7

Written on March 24, 2025 at 4:53 am, by

Japan’s Jibun Bank Services PMI dropped to 49.5 in March, signaling contraction in the services sector.

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