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Activity in global financial markets remain generally subdued due to the extended Easter holiday in many regions. Nevertheless, Japan's markets kicked off the new fiscal year on a tumultuous note, with Nikkei index having a sharp sell-off. Analysts have largely dismissed the latest quarterly Tankan survey as the catalyst for this downturn. Instead, the sell-off could be attributed to institutional investors engaging in profit-booking activities typical of the financial year's commencement. Meanwhile, Yen remained relatively stable, showing little reaction and maintaining a very tight range amid the market activity. ....
The forex markets roared back to life from holiday lull in early US session, Dollar surges broadly as buoyed by unexpectedly strong ISM manufacturing data. This report marks a pivotal shift for the sector, which has transitioned back into expansion after 16 months of contraction. Additionally, the prices component of the report soared to its highest level since mid-2022. This resurgence poses the question of whether the greenback can sustain its newfound momentum, with further scrutiny from upcoming ISM Services and Non-Farm Payroll data anticipated later in the week. ....
The Canadian dollar weakened against its U.S. counterpart on Monday as the greenback notched broad-based gains and a quarterly business survey from the Bank of Canada left the door open to interest. -April 01, 2024 at 03:29 pm EDT - MarketScreener ....