Global Forex Market News Summary (March 4)

US Dollar:

1. US Trade Policy - Trump: Reciprocal tariffs will be implemented starting April 2, with a 25% tariff on Canada and Mexico effective March 4, leaving no room for negotiation on tariffs with these two countries. Tariffs will be imposed on countries that engage in currency devaluation as a means of sanction. Consideration will be given to reaching a free trade agreement with Argentina. Tariffs on imported agricultural products will start from April 2. Canada will impose retaliatory tariffs on US goods starting Tuesday.

2. Trump: Japan can no longer allow the yen to depreciate, which is unfair to the US. A simple solution to this problem is to impose tariffs.

3. The Atlanta Fed's GDPNow model predicts a -2.8% GDP growth rate for the US in the first quarter of 2025, down from a previous estimate of -1.5%.

4. The final value of the US S&P Global Manufacturing PMI for February recorded at 52.7, the highest since June 2022.

5. The US Secretary of Commerce hopes to exclude government spending from GDP, but economists warn that the data will be distorted.

6. Fed's Musalem expects the economy to continue growing, but recent data has raised concerns about risks.

Others:

1. Kazakhstan Central Bank: Plans to sell $700 to $800 million of national fund assets in March, and plans to purchase $250 million for the pension fund in March.

2. Sweden's Central Bank Business Survey: Economic activity remains weak across most sectors, showing little change compared to the survey before autumn.

3. Swap market data shows the probability of the Bank of Canada cutting rates this month has risen to 65%.

4. Eurozone's final value of the Manufacturing PMI for February recorded at 47.6, the highest since February 2023.#BTC #ETH #以太坊ETF的批准预期