ForexLive Asia-Pacific FX news wrap: Trump tells Powell he should cut interest rate ...Middle East

ECB speakers Thursday include Lagarde, Lane, Knot and HolzmannFT: Nvidia (NVDA) to spend 'hundreds of billions' making chips in the US in next 4 yearsBank of Canada Governor Tiff Macklem is speaking on ThursdayTrump says the Fed should cut rate as tariffs hit the economyFoxconn’s AI Server Boom Set to Overtake iPhone RevenueThe yen has moved higher on today's Japanese market holidayFed Faces Uncertainty as Stagflation Concerns EmergePBOC sets USD/ CNY reference rate for today at 7.1754 (vs. estimate at 7.2402)People's Bank of China sets its Loan Prime Rates (LPR) unchanged, as expectedAUD marked down on a very disappointing jobs report - employment 80K lower than expectedAustralia Feb 2025 unemployment rate 4.1% (vs. 4.1% expected) & Employment Change -52.8KAustralian labour market report due soon - resilience to continue?Swiss National Bank expected to cut rates 25bp on Thursday, March 20, 2025 - previewICYMI: Big fees on China ships has US exporters struggling to send goods abroadCryptocurrency exchange Kraken is nearing a US$1.5 billion deal for NinjaTrader"A political Federal Reserve risks weakening the US dollar’s reserve status"BOJ on hold, TD sees offshore factors as the primary driver for USD/JPYB2BINPAY, Athletic Club Release Exclusive Video Presenting Crypto Payments for Sports FansICYMI - UBS sees the slide for Nvidia as creating attractive entry buy pointBrasil's central bank has raised its benchmark interest rate to 14.25%, from 13.25%New Zealand's economy has exited recession, GDP grows 0.7% q/qFinancial Times front page has a downbeat view of Wednesday's FOMC outcomeFederal Reserve projections have a somewhat ‘stagflationary’ feel says Goldman Sachs.Forexlive Americas FX news wrap 19 Mar: Fed keeps rates unchanged. See two cuts in 2025Trade ideas thread - Thursday, 20 March, insightful charts, technical analysis, ideas

In New Zealand, economic data showed the country emerging from its mid-2024 recession, with a solid 0.7% quarter-on-quarter GDP growth in the December period. The New Zealand dollar saw a brief lift but ultimately faded, tracking declines in the Australian dollar after a weak labour market report. Australia lost more than 50,000 jobs in February, and the participation rate fell from its record high of 67.2% in January to 66.8%. This prevented the unemployment rate from rising, which remained at 4.1% (dropping slightly to 4.05% when taken to two decimal places). The data strengthens the case for potential Reserve Bank of Australia rate cuts, though it remains only one month of figures. The AUD softened following the release.

EUR/JPY up

This article was written by Eamonn Sheridan at www.forexlive.com.

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