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Japan’s Kato: US tariffs are highly disappointing

Speaking at the G7 Summit, Japanese Finance Minister Katsunobu Kato said on Thursday that “US tariffs are highly disappointing.”

Additional quotes

  • US tariffs, countermeasures are creating uncertainties in financial market.
  • Stressed that free trade regime promotion important.
  • Constructive policy discussion important.
  • No comment on Bessent's foreign exchange remarks.

USD/CAD falls toward 1.3850 as Fed’s Beige Book suggests deteriorating economic conditions

USD/CAD edges lower around 1.3870 during Thursday's Asian session, after climbing roughly 0.50% in the previous day. The pair is under pressure as the US Dollar (USD) weakens following the Federal Reserve’s April Beige Book, which pointed to deteriorating economic conditions.
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USD/INR holds positive ground amid tensions over Kashmir

The Indian Rupee (INR) faces some selling pressure on Thursday as terrorist attacks in Kashmir, India, weighed on sentiment. Furthermore, rising crude oil prices undermine the Indian currency, as India is the world's third-largest oil consumer. 
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