USD/CAD holds near 1.4500 as bearish oil prices weigh on CAD; resistance at 1.4545 and 1.4600.
China opposes U.S. tariffs, plans countermeasures, citing unilateralism and coercion, defending its rights and trade rules.
Gold prices in Saudi Arabia remained steady, with 1 gram at 348.47 SAR. Global trends and central bank demand influence prices.
British retailers expect price increases due to rising employment costs, food inflation, and operational expenses impacting consumers.
EUR/JPY declined as safe-haven demand rose, driven by US trade tensions and diverging central bank policies.
Australian retail sales rose 0.3% in January, driven by food spending and eased inflation, meeting expectations.
Japan’s Consumer Confidence Index fell to 35 in February, below expectations of 35.7, indicating weaker consumer sentiment.
RBA cuts cash rate to 4.10%, citing economic risks. Inflation remains above target, policy flexibility maintained.
Gold prices in the Philippines remained stable Tuesday, with slight decreases. Influences include geopolitics, interest rates, and central banks.
Corporate capex fell 0.2% in Q4 after years of growth, while GDP rose 2.8%, driven by consumption.
