NZD/USD holds near 0.5650 as China’s Services PMI rises; US Dollar pressured by tariffs, growth concerns.
Lutnick and Ford clashed over trade tensions, with Lutnick criticizing Trudeau’s remarks as “very dumb.”
BoJ may adjust policy; interest rates monitored; wages and consumption rising; economy recovering; JGB purchases possible.
The IRS plans to cut its workforce by 50% through layoffs, attrition, and buyouts, sources report anonymously.
China’s Services PMI rose to 51.4, impacting Australia’s economy, Iron Ore prices, trade balance, and the AUD.
The euro strengthens as US equities struggle, pushing EUR/USD to its highest level since December 6.
Conflicting views exist on tariff rollbacks amid the fentanyl crisis, with Trump set to speak soon.
Australian Dollar strengthens as US economy slows; Australia’s GDP, Retail Sales rise, while consumer confidence declines. Trade dynamics crucial.
Australia’s Services PMI fell, Composite PMI declined, manufacturing PMI rose, business confidence stayed high, and inflation eased.
China plans to enhance fiscal spending, address external pressures, boost economic recovery, and improve its fiscal structure.
