Australian Dollar (AUD) is under mild downward pressure and could test 0.6250 vs US Dollar (USD); the major support at 0.6215 is not expected to come into view.
Germany’s Chancellor-to-be, Friedrich Merz, is facing obstacles to his plan to push through constitutional reforms to the debt brake before 25 March, when the new parliament is seated.
West Texas Intermediate (WTI) Oil price edges higher on Tuesday, trading around $65.90 per barrel during early European hours after experiencing losses in the previous session.
Here is what you need to know on Tuesday, March 11: Growing fears over an economic downturn in the US and its potential activity on the global economic outlook triggered a selloff in major equity indexes at the start of the week.
The Bank of Japan (BoJ) said in a statement on Tuesday that “financial institutions have sufficient capacity to absorb losses.” Additional takeaways Smooth functioning of financial intermediation has been maintained even amid global changes in financial and economic conditions.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on the previous day's modest gains and attracts fresh sellers during the Asian session on Tuesday.
Gold price (XAU/USD) attracts some dip-buyers near the $2,880 region during the Asian session on Tuesday and reverses a part of the previous day's downfall to a one-week low.
Citing people familiar with the matter, Bloomberg reported on Tuesday, that talks between the US and China on trade and other issues are in a deadlock.
The Japanese Yen (JPY) climbed to a fresh multi-month top against its American counterpart during the Asian session on Tuesday despite the downward revision of Japan's Q4 GDP print, which complicates the Bank of Japan's (BoJ) plan for a further rate hike.
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