The market sentiment that is considered risky heading into the end of this week is seen to be giving an advantage to safe-haven currencies.
The US dollar and the Yen each showed an increase in their value in trading yesterday Wednesday as the market cautiously monitored the development of the Russia-Ukraine war talks held in Saudi Arabia.
In addition, President Donald Trump also rekindled concerns that had subsided previously when he announced new tariffs of 25% on imports of cars, pharmaceuticals and semiconductors.
He said that the tariffs would be imposed as early as April 2.
Trump had previously announced a 25% tariff on steel and 10% on aluminum.
Also stealing attention was Trump's statement on his social media following negotiations with Russia with the aim of ending the war with Ukraine.
Trump criticized Ukrainian President Volodymyr Zelenskyy for actions that were seen as destroying his own country and costing millions of lives in vain.
Early this morning, investors examined the details of the FOMC meeting minutes after the decision to keep interest rates unchanged in January.
There was no addition to new indicators with the majority of policymakers agreeing to keep interest rates unchanged.
The minutes also had no significant impact on the movement of the US dollar in the New York session.
The US dollar showed a strengthening from the European session until the beginning of the New York session driven by risk-off market sentiment.
Today's focus (Thursday) is on the Australian jobs report in the Asian session and US unemployment claims in the New York session.
