ForexLive Asia-Pacific FX news wrap: Tariff tensions, China signals firm response ...Middle East

Proposed U.S. shipping rules could disrupt trade and ports, industry warns - From April 17Chinese stocks higher as state support lifts sentimentDeutsche Bank is now forecasting a 50bp RBA rate cut in MayGlobal turmoil raises chances of larger RBNZ rate cut - meeting tomorrowAustralia business confidence (March 2025) -3.0 (prior -1.0)More - China’s Huijin vows to act as market stabiliser, boost long-term share buyingPBOC sets USD/ CNY reference rate for today at 7.2038 (vs. estimate at 7.3321)China commerce ministry: China will never accept the “blackmail nature” of the USPBoC says it will provide lending support to China state fund Huijin if neededRecap - Chinese state firms pledge support for markets amid tariff-driven selloffChina will Increase the proportion of insurance funds invested in the stock marketAustralia: Westpac/Melbourne Institute Consumer Sentiment Index(April) -6% m/m (prior +4%)Japan's Nikkei rockets higher, up 6%Trump will undergo his annual physical exam on Friday, April 11Japan to tap Economy Minister Akazawa for U.S. trade talks: FNNUS energy Sec Wright heads to Middle East for a 2 week visitChina state investment Chengtong says will increase holdings safeguard market stabilityFed's Goolsbee on 'almost unprecedented situation' - anxiety - warns of high inflationMoody’s: Tariff shock sends global business sentiment into crisis territoryUS Chamber of Commerce weighing a lawsuit to block new Trump global tariffsU.S. 10-year Treasury futures fall another 10 ticks in wake of sharp reversalICYMI - "Global bank chiefs hold talks over Trump tariffs crisis"New Zealand NZIER Business Confidence (Q1 2025) 19% (vs. prior 16%)Iran and the US are planning to meet in Oman on SaturdayBessent says expects no trade deals by April 9, tariffs to hit thenBoA slashes target - warns Trump tariffs could shave 10% off 2025 S&P 500 earningsForexlive Americas FX news wrap: A fake headline takes the market for a rideBessent says Japan's non-tariff trade barriers are quite highGundlach says “no way” tariffs delay is going to happen, Trump will keep this goingTrade ideas thread - Tuesday, 8 April, insightful charts, technical analysis, ideas

China vowed to "resolutely take countermeasures" after U.S. President Donald Trump threatened to impose an additional 50% tariff on Chinese goods. Beijing warned it would "fight until the end" if Washington presses ahead, further intensifying fears of a global trade war.

Meanwhile, China’s yuan slid to its lowest level since 2023, with the offshore yuan touching a two-month low. The PBoC has allowed a near-linear depreciation in the onshore yuan, CNY, in recent days, breaking the symbolic 7.2 level—long seen as a line in the sand—signaling a policy shift and sending a message to Washington.

In Australia, the tariff shock has started to bite into the data. The Westpac-Melbourne Institute consumer sentiment index fell 6% in April, its sharpest drop in nearly two years, retreating from a three-year high. Households cited growing concern over the economic outlook and personal finances.

***

EUR/USD has been a more, bouncing from late US time lows circa 1.0900 to highs around 1.0980. GBP, AUD, NZD and CAD have all also shown some strength, USD/JPY yen backed off from 148.00 to be under 147.40 as I post.

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

Hence then, the article about forexlive asia pacific fx news wrap tariff tensions china signals firm response was published today ( Tuesday 08/04/2025 - 06:12 AM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( ForexLive Asia-Pacific FX news wrap: Tariff tensions, China signals firm response )

Also on site :

• Ann Godoff, Penguin Press Founder and Editor, Dies at 76
• WI vs SA Dream11 Prediction Today Match, Dream11 Team Today, Fantasy Cricket Tips, Playing XI, Pitch Report, Injury Update- ICC T20 World Cup 2026, Match 47
• Megan Thee Stallion Has One Question for Juvenile About Their Rumored ‘B.B.B.’ Remix: ‘When You Gonna Drop It?’