NZD/MYR Exchange rate

AUD/USD edges lower on Thursday and stalls the previous day's sharp recovery from a multi-year low, triggered by Trump's decision for an immediate 90-day tariff pause for many countries and a substantial reduction in the reciprocal tariff to 10%. 

USD/JPY attracts fresh sellers during the Asian session on Thursday and reverses a part of the previous day's goodish recovery gains from the YTD low. Hopes for a US-Japan trade deal and the divergent BoJ-Fed policy expectations underpin the JPY and exert some pressure on spot prices amid a modest USD downtick.

Gold price edges higher to around $3,080 during the early Asian session on Wednesday. The safe-haven demand amid escalating trade tensions between the United States and China provides some support to the precious metal.

The Senate voted 52-44 on Wednesday to approve Paul Atkins as the new SEC Chair. The news could improve sentiment in the crypto market, considering Atkins has previously advocated for better crypto regulations and served as an advisor to crypto companies.

The reaction in currencies has not been as predictable. The clear winners so far remain the safe-haven Japanese yen and Swiss franc, no surprises there, while the euro has also emerged as a quasi-safe-haven given its high liquid status.