Gold prices fell over 1% due to a stronger US Dollar and trade policy concerns amid economic uncertainty.
Australia’s business inventories rose 0.1% in Q4 2024, while operating profit surged 5.9%, exceeding expectations.
AUD/USD fell 0.54%, nearing 0.6200, impacted by tariffs, weak Australian data, and US PCE figures.
Japan’s Manufacturing PMI rises to 49.0 but remains in contraction amid weak demand, rising costs, and uncertainty.
Australia’s AUD sentiment improves; AUD/USD rises on China’s PMI. USD/JPY drops; gold rebounds on uncertainty. Focus: NFP, ECB.
PBOC sets the yuan’s midpoint at 7.2857, allowing a +/- 2% fluctuation, intervening if volatility arises.
Oil positions dropped, AUD/USD rose, USD/JPY faced resistance, gold increased, and key economic events loom.
Buffett warns tariffs fuel inflation, burden consumers, and act as economic warfare, sparking reactions from Chinese media.
Stocks initially rose on PCE data but declined amid geopolitical tensions, layoffs, tariffs, and bearish market sentiment.
Australian inflation fell 0.2% in February 2025; yearly rate at 2.2%, below the Reserve Bank’s target range.
