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ForexLive Asia-Pacific FX news wrap: Trump tells Powell he should cut interest rate
ForexLive Asia-Pacific FX news wrap: Trump tells Powell he should cut interest rate
Forex news for Asian trading on Thursday, March 20, 2025
Session wrap
Wrap Asia
Silver Price Forecast: XAG/USD remains below $34.00 after Fed rate decision
Silver Price Forecast: XAG/USD remains below $34.00 after Fed rate decision
Silver price (XAG/USD) holds onto gains after a previous session of losses, trading around $33.80 per troy ounce during Asian hours on Thursday.
Silver
XAGUSD
Macroeconomics
Commodities
Metals
Japanese Yen surrenders major part of intraday gains against USD; bullish bias remains
Japanese Yen surrenders major part of intraday gains against USD; bullish bias remains
The Japanese Yen (JPY) attracts buyers for the second straight day and strengthens to a fresh weekly high against its American counterpart during the Asian session on Thursday.
USDJPY
BOJ
Fed
MiddleEast
SEO
Bullish
USD/INR weakens as Indian Rupee rises to over three-week high
USD/INR weakens as Indian Rupee rises to over three-week high
The Indian Rupee (INR) trades in negative territory on Thursday.
USDINR
SEO
India
EmergingMarkets
Macroeconomics
US President Trump: Federal Reserve would benefit from reducing rates
US President Trump: Federal Reserve would benefit from reducing rates
In his latest post on the Truth Social platform, US President Donald Trump called on the Federal Reserve (Fed) to lower interest rates, as tariffs are hurting the economy.
UnitedStates
Fed
TradeWar
OfficialTrump
AUD/JPY falls to near 94.00 following disappointing Australia’s Employment Change
AUD/JPY falls to near 94.00 following disappointing Australia’s Employment Change
AUD/JPY continues its losing streak for the third consecutive session, trading around 94.00 during Asian hours on Thursday.
AUDJPY
Crosses
Macroeconomics
Japan
Australia
Change
Australian Dollar remains tepid as US Dollar gains ground ahead of Initial Jobless Claims
Australian Dollar remains tepid as US Dollar gains ground ahead of Initial Jobless Claims
The Australian Dollar (AUD) weakens against the US Dollar (USD) on Thursday, reversing gains from the previous session.
AUDUSD
SEO
Macroeconomics
Majors
Australia
WTI rises above $67.00 on geopolitical risks, Fed rate decision might cap gains
WTI rises above $67.00 on geopolitical risks, Fed rate decision might cap gains
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.20 during the early Asian session on Thursday.
Oil
WTI
Commodities
Macroeconomics
PBOC sets USD/CNY reference rate at 7.1754 vs. 7.1697 previous
PBOC sets USD/CNY reference rate at 7.1754 vs. 7.1697 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1754 as compared to the previous day's fix of 7.1697 and 7.2402 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
PBOC leaves Loan Prime Rates unchanged in March
PBOC leaves Loan Prime Rates unchanged in March
The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Thursday.
PBOC
China
CentralBanks
InterestRate
Macroeconomics
Breaking: Australia’s Unemployment Rate steadies at 4.1% in February vs. 4.1% expected
Breaking: Australia’s Unemployment Rate steadies at 4.1% in February vs. 4.1% expected
Australia’s Unemployment Rate steadied at 4.1% in in February from 4.1% in January, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday.
Australia
Employment
Macroeconomics
Breaking
NZD/USD gathers strength above 0.5800 as New Zealand exits recession
NZD/USD gathers strength above 0.5800 as New Zealand exits recession
The NZD/USD pair trades in a positive territory around 0.5820 during the early Asian session on Thursday.
NZDUSD
Majors
Macroeconomics
GDP
NewZealand
Australian labour market report due soon - resilience to continue?
Australian labour market report due soon - resilience to continue?
A look back at the past six months, and what is expected for today
EUR/USD holds steady after Fed treads water on rates
EUR/USD holds steady after Fed treads water on rates
EUR/USD remained bolstered above the 1.0900 handle on Wednesday, propped up by a general easing in Greenback flows after the Federal Reserve (Fed) met markets in the middle and held rates steady for another meeting.
EURUSD
Fed
InterestRate
GBP/USD remains attached to 1.3000 after Fed rate hold
GBP/USD remains attached to 1.3000 after Fed rate hold
GBP/USD remained pinned to recent highs near the 1.3000 handle on Wednesday, with market sentiment bolstered into the high side after the Federal Reserve (Fed) held steady on its plans to deliver more rate cuts in 2025, albeit later in the year.
GBPUSD
Fed
BOE
InterestRate
USD/CAD edges higher above 1.4300 as Fed holds rates steady, eyes on BoC’s Macklem speech
USD/CAD edges higher above 1.4300 as Fed holds rates steady, eyes on BoC’s Macklem speech
The USD/CAD pair gathers strength to around 1.4320 during the late American session on Wednesday.
USDCAD
Majors
Macroeconomics
GBP/JPY Price Forecast: Retreats below 193.50 after struggling near 195.00
GBP/JPY Price Forecast: Retreats below 193.50 after struggling near 195.00
The GBP/JPY retreats after rallying for three straight trading days since last Friday.
GBPJPY
Currencies
Crosses
Technical Analysis
New Zealand’s Gross Domestic Product grows 0.7% QoQ in Q4 vs. 0.4% expected
New Zealand’s Gross Domestic Product grows 0.7% QoQ in Q4 vs. 0.4% expected
New Zealand's Gross Domestic Product (GDP) grew by 0.7% QoQ in the fourth quarter (Q4) compared with a 1.1% contraction (revised from -1.0%) in the third quarter, Statistics New Zealand showed on Thursday.
NewZealand
GDP
Macroeconomics
NZD/USD Price Analysis: Bulls defend ground despite stalled momentum
NZD/USD Price Analysis: Bulls defend ground despite stalled momentum
NZD/USD traded near the 0.5810 area on Wednesday ahead of the Asian session, marking a day of choppy price action.
NZDUSD
Majors
Currencies
Regulation
AUD/JPY Price Analysis: Bears push lower as key support approaches
AUD/JPY Price Analysis: Bears push lower as key support approaches
AUD/JPY extended its decline on Wednesday ahead of the Asian session, slipping toward the 94.50 area after a second consecutive day in the red.
AUDJPY
Crosses
Currencies
Technical Analysis
Silver Price Forecast: XAG/USD slips below $34.00 as Fed acknowledges uncertainty
Silver Price Forecast: XAG/USD slips below $34.00 as Fed acknowledges uncertainty
Silver price finished the day with a loss of over 0.55% on Wednesday after the Federal Reserve (Fed) held rates unchanged while acknowledging the economic outlook is uncertain due to US trade policies implemented by President Donald Trump.
Silver
XAGUSD
Technical Analysis
Forexlive Americas FX news wrap 19 Mar: Fed keeps rates unchanged. See two cuts in 2025
Forexlive Americas FX news wrap 19 Mar: Fed keeps rates unchanged. See two cuts in 2025
Forex news for North American trading on Mar 19, 2025
Session wrap
Wrap Nth America
Economic calendar in Asia Thursday, March 20, 2025 - PBOC rate setting day
Economic calendar in Asia Thursday, March 20, 2025 - PBOC rate setting day
People's Bank of China Loan Prime Rate (LPR) setting day
economic calendar
pboc
Forex Today: The UK docket takes centre stage with the BoE and jobs report
Forex Today: The UK docket takes centre stage with the BoE and jobs report
The Greenback managed to regain some balance and set aside three consecutive daily pullbacks after the Fed maintained its interest rates at its meeting, as widely anticipated.
BOE
UnitedKingdom
Currencies
GBPUSD
Gold price records new milestone following FOMC’s decision
Gold price records new milestone following FOMC’s decision
Gold prices rallied sharply and hit a new all-time high of $3,052 on Wednesday as US Federal Reserve (Fed) Chair Jerome Powell spoke following the Fed’s decision to hold rates unchanged.
Gold
XAUUSD
Fed
InterestRate
SEO
US stock markets cheer on Fed day
US stock markets cheer on Fed day
Closing changes for North American indexes
Dow Jones Industrial Average rebounds after Fed holds the line
Dow Jones Industrial Average rebounds after Fed holds the line
The Dow Jones Industrial Average (DJIA) gained ground on Wednesday, adding around 540 points at its peaks with equities climbing higher after the Federal Reserve (Fed) gave a nod to still expecting around two rate cuts through the remainder of the year.
DowJones
Equities
SEO
SP500
Fed
The Fed's projections signal 50 basis points of rate cuts for 2025
The Fed's projections signal 50 basis points of rate cuts for 2025
The Federal Open Market Committee’s (FOMC) latest dot plot indicates that interest rates will average 3.9% by the end of 2025, matching the December projection.
Fed
CentralBanks
InterestRate
USD/JPY steady near 149.30 as Fed holds rates, signals caution
USD/JPY steady near 149.30 as Fed holds rates, signals caution
The USD/JPY climbs in Wednesday after the Federal Open Market Committee's (FOMC) decision to keep rates unchanged.
USDJPY
Fed
InterestRate
Macroeconomics
Gold Price Forecast: XAU/USD lurches to new record highs post-Fed
Gold Price Forecast: XAU/USD lurches to new record highs post-Fed
On Wednesday, Gold surged, reaching $3,040 during intraday trading as the Federal Reserve (Fed) made its latest interest rate decision, keeping rates unchanged at 4.5%.
XAUUSD
Gold
Metals
Fed