AUD/USD is trading slightly lower, below 0.6300, on Wednesday in Asian markets.
Investor sentiment is affected by concerns about a trade war.
The Australian dollar is considered a "risk-sensitive" currency, meaning it is affected by such concerns.
Markets are also cautious ahead of the release of US inflation data, which could impact future market trends.
Ethereum's price increased by 3% on Tuesday. Cboe BZX filed a request with the SEC for Fidelity to allow staking in its Ethereum ETF. Other companies, like Grayscale and 21Shares, also want to stake their Ethereum ETF holdings. Ethereum is moving toward the $2,200 resistance level.
BOJ GOVERNOR UEDA: UNDERLYING INFLATION STILL REMAINS BELOW 2% BOJ Governor Kazuo Ueda highlights that underlying inflation remains below 2%. Expressed concern over uncertainty in the overseas economy and prices. Spring wage negotiations will be crucial for future BOJ policy direction. No policy changes expected at next week's
CANADA, US AGREE TO SUSPEND TARIFFS Canada suspends 25% surcharge on electricity exports to the U.S. Ontario Premier Doug Ford announces suspension for Michigan, New York, and Minnesota. Ford and U.S. officials to meet Thursday on USMCA renewal.
Global trade tensions are still making markets unstable. Stock prices changed a lot and finally ended lower. There is some hope in U.S.-Canada trade talks. Even though tensions are easing, relief is not coming quickly.