The Australian Dollar (AUD) holds losses against the US Dollar (USD) after US President Donald Trump stated early Monday that he "will impose reciprocal and sectoral tariffs on April 2.
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1688 as compared to Friday's fix of 7.1738 and 7.2199 Reuters estimate.
The Houthis announced on Sunday that they launched an attack comprising 18 ballistic and cruise missiles as well as drones, targeting the USS Harry S Truman aircraft carrier and its accompanying warships in the northern Red Sea.
European Central Bank Governing Council member and Governor of the Banque de France, Francois Villeroy de Galhau, said over the weekend that the Euro should take on a more important role internationally.
Donald Trump’s envoy Steve Witkoff said on Sunday that he expected the US President to speak with Russian President Vladimir Putin this week, saying that Putin “accepts the philosophy” of Trump’s ceasefire and peace terms, per the Guardian.
European Central Bank Vice President Luis de Guindos said late Sunday that US President Donald Trump’s policies are causing more uncertainty for the economy than there was during COVID, per Bloomberg.
US Treasury Secretary Scott Bessent said late Sunday that he was not worried about the stock market, which has slumped multiple times amid US President Donald Trump’s tariff threats.
China has vowed to revive consumption by raising people’s incomes as a key driver of economic growth, the official Xinhua News Agency reported on Sunday.
On Sunday, China’s local government in the southern city of Shenzhen will further relax policy on housing provident fund loans as Shenzhen is looking to spur property sales further and help clear the overhang, per Bloomberg.
Said again the ECB is confident that inflation is on track toward the 2% goal at the end of this year or the beginning of next - all indicators for services and underlying inflation are moving in the right direction
Newly-minted Canadian Prime Minister Mark Carney took over the reigns of Canada from now-former Prime Minister Justin Trudeau on Friday morning, and the fresh Canadian leader wasted no time in declaring his intent to meet US President Donald Trump head-on as the Trump administration spools up a messy, global trade war with nearly all of the US's closest trading partners simultaneously.
The Dow Jones Industrial Average (DJIA) fought back at the brink on Friday, clawing back roughly 500 points following a string of bad losses that saw the Dow Jones crumble 3,373 points, or -7.66%, peak-to-trough over a two-week period.
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