Tariff Delay & RBA Hold Spur Asia FX Rebound – Crypto Outlook
Asia FX markets bounce back after US President Trump talk say di planned August 1 tariffs no sure 100%. Decision wey dem delay Trump tariffs make US Dollar Index drop 0.2% and make Asia FX better. Currencies like Chinese Yuan, Korean Won, and Singapore Dollar first fall as traders look for safe place inside US Dollar and Japanese Yen. But technical rebounds and short covering help Asia FX regain. Reserve Bank of Australia (RBA) hold rates for 3.85% with surprise 6–3 vote. AUD/USD jump as Australia business condition reach di strong level since March. Market dey now watch out for next RBA decision. 25 bp cut fit make AUD weak and make global easing expectation clear. If hawkish hold, e fit make currency strong and show say economy dey strong. Trade tension, low inflation, central bank difference, and geopolitical risk go keep volatility high for forex and crypto markets. For crypto traders, weak US Dollar normally dey support risk assets. Bitcoin and altcoins fit profit from weak dollar. Traders suppose diversify, moni macro data, use stop-loss, and think about hedging to manage volatility.
Bullish
Di delay wey Trump put for tariffs and RBA surprise wey dem no raise rate don make di US Dollar weak and don bring back risk appetite for Asia FX. Normally, when dollar soft, e dey boost demand for risk assets, including cryptocurrencies. Even though trade wahala and geopolitical risks fit cause small wahala, di general move towards soft dollar and more liquidity fit mean say crypto markets go do well. For short term, traders fit see more momentum plus technical bounce for Bitcoin and altcoins. For long term, as central banks dey different for how dem dey do and dollar still dey weak, e go continue support crypto risk-on flows.