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Varied reaction in FX markets with open trade, growth-sensitive FX such as CNH, KRW, SGD, MYR and THB under some pressure post-tariff announcement. DXY was last seen at 102 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Oil prices are under pressure this morning, following other risk assets lower, after the Trump administration unveiled a base tariff of 10% on all imports from all trading partners.

AUD could continue to trade in a choppy manner, likely between 0.6220 and 0.6320. In the longer run, sharp but short-lived swings have resulted in a mixed outlook; AUD could trade in a 0.6185/0.6340 range for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

EUR/USD soars above the psychological figure of 1.1000 in Thursday’s European session. The major currency pair strengthens as the US Dollar (USD) takes the bullet for long-term transition in the United States (US) economy.

Gold hit a record high following the announcement of reciprocal tariffs, ING's commodity experts Ewa Manthey and Warren Patterson note.

A pair like CNH/JPY best characterises the mood in FX markets, ING's FX analyst Chris Turner notes.

The trade-weighted DXY has broken to a new low for the year as investors continue to fear what these new reciprocal tariffs mean for US confidence and activity, ING's FX analyst Chris Turner notes.

Gold price (XAU/USD) falls after initially hitting a fresh all-time high at $3,167 in the early Asian session. Traders are starting to take profit, pushing the Bullion price to $3,130 at the time of writing on Thursday.

Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.

Spain 3-y Bond Auction: 2.292% vs previous 2.487%

Eurozone Producer Price Index (MoM) came in at 0.2%, above forecasts (0.1%) in February

Eurozone Producer Price Index (YoY) climbed from previous 1.8% to 3% in February

France 10-y Bond Auction dipped from previous 3.51% to 3.37%

Outlook is unclear; Euro (EUR) could continue to trade in a choppy manner vs US Dollar (USD), probably between 1.0810 and 1.0955.

Euro (EUR) jumped post-tariff announcement. Reciprocal tariff rate of 20% on EU was largely in line with street’s estimates. EUR was last seen at 1.0964 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

EUR/USD is net around 0.9% higher after the trade announcement. The main buying point for the euro is that it's a big, liquid alternative to the US Dollar – and that the dollar's troubles (weaker US consumption) are greater than the Euro's, ING's FX analyst Chris Turner notes.

United Kingdom S&P Global/CIPS Composite PMI below expectations (52) in March: Actual (51.5)

United Kingdom S&P Global/CIPS Services PMI below forecasts (53.2) in March: Actual (52.5)

Gold price in India retreats from record highs on Thursday, following a similar price acton in Comex Gold.

The Pound Sterling (GBP) surges above 1.3100 against the US Dollar (USD) during the European trading hours on Thursday, the highest level seen in almost six months.