Cocoa prices decline as supply surplus expected; wheat harvest rises 31% due to gains in Australia.
Japan’s Prime Minister Shigeru Ishiba denies currency devaluation, no official communication from Trump on forex policy.
Greece’s PMI fell, EUR/USD rose, gold surged, Bitcoin dropped, and US tariffs hit Canada, Mexico, and China.
Japan’s PM Ishiba denies currency devaluation, emphasizing monetary policy aims at combating deflation, not weakening yen.
Swedish krona strengthens on optimism over a Ukraine-Russia peace deal and EU spending, though risks remain.
NASDAQ futures test resistance at $20,527; key levels include $20,546-$20,547, $20,629-$20,666, and support at $20,460-$20,440.
AUD is expected to trade between 0.6190 and 0.6250, with resistance at 0.6285 and support at 0.6155.
Commonwealth Bank analysts expect RBA to cut rates three times in 2025, starting in May.
US Dollar weakens amid tariff tensions, Ukraine optimism, and mixed US data; key labour reports ahead.
RBA Deputy Governor Hauser speaks on rate cuts amid economic risks at Australian Financial Review Business Summit.
