United States EIA Crude Oil Stocks Change came in at 2.553M, above forecasts (2.2M) in April 4

Apr 9, 2025

AUD/USD soars to near 0.6050 amid significant weakness in US Dollar

The AUD/USD rallies to near 0.6050 during North American trading hours on Wednesday. The Aussie pair strengthens as the US Dollar (USD) slides sharply amid fears that deteriorating trade relations between the United States (US) and China could push the economy into a recession.

Mexican Peso plunges, hits 9-week low amid escalation of US-China trade war

The Mexican Peso (MXN) extended its losses against the US Dollar (USD) as US-China tensions escalated after the US imposed further tariffs on Chinese imports, while the latter retaliated reciprocally. Volatility remains high and usually undermines risk appetite, sending the Peso lower.