Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Asia AM Digest: Aussie Dollar Gaps Up, Chinese Tariff Response On

Asia AM Digest: Aussie Dollar Gaps Up, Chinese Tariff Response On

Research, Research Team

To get the Asia AM Digest every day, SIGN UP HERE

Most markets were closed for the Good Friday holiday last week and FX price action was relatively restrained. However, there was a development over the weekend that had an impact on currencies when trading began on Monday.

March’s Chinese Manufacturing PMI clocked in at 51.5 on Saturday. Keep in mind that a reading above 50 indicates expansion while a one below shows contraction. This was the fastest pace of growth since December 2017.

The Australian Dollar certainly liked this news and it gapped higher once it had a chance to react at market open. China is Australia’s largest trading partner and economic news flow from the former country often implies knock-on effects on the latter.

Speaking of the world’s second largest economy, China announced that their response to the US steel and aluminum tariffs would go into effect starting Monday April 2nd. The total amount of taxes on US goods will add up to about $3 billion.

DailyFX Economic Calendar: Asia Pacific (all times in GMT)

DailyFX Webinar CalendarCLICK HERE to register (all times in GMT)

Five Things Traders are Reading:

  1. China’s Trade Stance, Possible Moves against US, and Impact to USD/CNH by Renee Mu, Currency Analyst
  2. A War to Trade More, Not Less - What’s Behind US-China Tariffs by Christopher Vecchio and Renee Mu, Sr. Currency Strategist/Currency Analyst
  3. GBP/CHF Is a Preferred Setup Because of its Lack of Key Events by John Kicklighter, Chief Currency Strategist
  4. High Time Frame Analysis of SPX, Dollar, VIX and More by John Kicklighter, Chief Currency Strategist
  5. Big-picture Technical Outlook: EUR/USD, USD/JPY, Gold, Oil & S&P 500 by Paul Robinson, Market Analyst

To get the Asia AM Digest every day, sign up here

To get the US AM Digest every day, sign up here

To get both reports daily, sign up here

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.