Markets are back from the Easter break and zeroed in on this week’s flash PMIs, which offer early clues on how businesses are reacting to the US-China tariff blowup. With U.S. tariffs on Chinese goods hitting 145%, traders are on alert for factory slowdowns and any hint of renewed dialogue.
Central banks are already adjusting policy responses. The ECB just cut rates, while the BOJ is treading carefully on hikes. Meanwhile, gold popped above $3,340 and the dollar's lost its usual risk-off shine, hinting at shifting safe-haven plays.
Let's dive into how this all could influence the major currencies this week!