Live Updates

    5 March 2025
    Addressing Congress, President Trump announces tariffs on goods manufactured outside the United States

    Trump addressed Congress, urging oil drilling, tax cuts, tariffs, border security, and highlighting a stronger US Dollar.

    5 March 2025
    Trump’s upcoming speech will cover foreign policy, including Ukraine, Gaza, and immigration funding requests

    Karoline Leavitt discussed foreign policy, Ukraine, Gaza hostages, deportations, and trade deal differences with Europe.

    5 March 2025
    Despite positive China Services PMI, NZD/USD remains steady at approximately 0.5650 as Governor Orr resigns

    NZD/USD holds near 0.5650 as China’s Services PMI rises; US Dollar pressured by tariffs, growth concerns.

    5 March 2025
    Howard Lutnick confronted Ontario Premier Doug Ford, who defiantly refused to relent after the call

    Lutnick and Ford clashed over trade tensions, with Lutnick criticizing Trudeau’s remarks as “very dumb.”

    5 March 2025
    The Bank of Japan’s Deputy Governor Uchida indicated policy adjustments may occur if predictions are realised

    BoJ may adjust policy; interest rates monitored; wages and consumption rising; economy recovering; JGB purchases possible.

    5 March 2025
    The IRS intends to reduce its workforce by up to 50% through layoffs and buyouts

    The IRS plans to cut its workforce by 50% through layoffs, attrition, and buyouts, sources report anonymously.

    5 March 2025
    Unexpectedly, China’s Services PMI rose to 51.4 in February, surpassing January’s 51 and predictions

    China’s Services PMI rose to 51.4, impacting Australia’s economy, Iron Ore prices, trade balance, and the AUD.

    5 March 2025
    The euro’s recent strength boosts EUR/USD to its highest level since early December amidst US policy confusion

    The euro strengthens as US equities struggle, pushing EUR/USD to its highest level since December 6.

    5 March 2025
    Trump’s speech is anticipated later, amidst conflicting speculation about tariffs and the fentanyl emergency.

    Conflicting views exist on tariff rollbacks amid the fentanyl crisis, with Trump set to speak soon.

    5 March 2025
    The Australian Dollar continues to rise for a third session after the release of Q4 GDP data.

    Australian Dollar strengthens as US economy slows; Australia’s GDP, Retail Sales rise, while consumer confidence declines. Trade dynamics crucial.

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