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US Dollar pares losses, DXY holding near three-year lows
The US Dollar Index (DXY) bounced from a fresh three-year low of 99.02 achieved on Friday amid escalating tensions between China and the United States (US). The index currently hovers around 99.70, sharply down for a second consecutive day.
Sentiment
TradeWar
Inflation
DollarIndex
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Forex Live
ForexLive European FX news wrap: Dollar woes continue, China hits back on tariffs
Forex news from the European morning session on Apr 11, 2025
Session wrap
Wrap Europe
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Fxstreet
Fed's Kashkari: Not seeing evidence yet that long-run inflation expectations are rising
In an interview with CNBC on Friday, Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari said that their job is to make sure that inflation expectations don't rise, per Reuters.
Fed
CentralBanks
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Fed's Kashkari: Our job is to make sure inflation expectations don't rise
Fed's Kashkari speaking to CNBC
USD
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Forex Live
US energy secretary says tariffs escalation is "home territory" for Trump
The full quote from Chris Wright
market overview
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Forex Live
US Energy Secretary Wright: China tariff hike is start of negotiation
Comments from US Energy Secretary, Chris Wright
USD
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Fxstreet
USD/CHF bounces off lows near the 0.8100 zone, tariffs eyed
On Friday, Beijing dramatically ramped up tariffs on US imports to 125%, striking back at President Trump's move to hike duties on Chinese goods to 145%. This countermeasure has ramped up the tension in a trade war that now threatens to upend global supply chains.
Currencies
TradeWar
Fed
Inflation
USDCHF
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Fxstreet
Platinum and Palladium hit by tariff conflict, downward revision of price forecasts – Commerzbank
The tariff conflict triggered by US President Trump and the resulting increase in risk aversion also put pressure on the Platinum and Palladium prices.
Metals
Platinum
Palladium
Banks
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Fxstreet
Gold ETFs post strong inflows in March and the first quarter – Commerzbank
The March data on gold ETFs published by the World Gold Council this week showed a continued high buying interest among ETF investors, Commerzbank's commodity analyst Carsten Fritsch notes.
XAUUSD
Metals
Gold
Banks
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Fxstreet
EIA lowers forecast for global oil demand and US oil production – Commerzbank
Oversupply fears push oil price outlook lower
Oil
Energy
Brent
Banks
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Fxstreet
Large discrepancies between surveys on OPEC production in March – Commerzbank
The OPEC production surveys by Reuters and Bloomberg again showed a considerable discrepancy for March, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
OPEC
Energy
Banks
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Fxstreet
USD/CNH: Any decline is unlikely to reach the major support at 7.2430 – UOB Group
Scope for US Dollar (USD) to continue to weaken vs Chinese Yuan (CNH); any decline is unlikely to reach the major support at 7.2430.
Technical Analysis
USDCNH
Banks
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Fxstreet
Russia exports less oil at lower prices – Commerzbank
The price of Russian ESPO crude fell below $60 per barrel for the first time at the beginning of the week, while the price of Urals fell towards $50 per barrel, the lowest price level since March 2023, according to Reuters, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Energy
RussianFederation
Banks
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Fxstreet
USD/JPY: Further USD weakness is not ruled out – UOB Group
While deeply oversold, further USD weakness is not ruled out; next support level is at 142.50. In the longer run, renewed momentum suggests USD is likely to continue to decline; mid-term support levels are at 142.50 and 139.55, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
USDJPY
Banks
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Fxstreet
White house pressure threatens US Dollar stability – Commerzbank
Despite the current turbulence in the US dollar, we see short-term recovery potential for the US currency.
Technical Analysis
EURUSD
Fed
Banks
DollarIndex
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Fxstreet
NZD/USD: A move to 0.5855 can be expected – UOB Group
Further NZD strength is not ruled out, but it may not be able to maintain a foothold above 0.5785. In the longer run, upward momentum has increased, but NZD must first close above 0.5785 before a move to 0.5855 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
NZDUSD
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Fxstreet
US: China’s manufacturing power worries the US – Commerzbank
The US government has once again backtracked and rescinded the counter-tariffs it only introduced the day before yesterday.
China
TradeWar
UnitedStates
Banks
DollarIndex
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Forex Live
Markets fade the latest China retaliation, at least for now
Some calmer heads are seen for the time being
market overview
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Fxstreet
AUD/USD: Likely to strengthen further – UOB Group
Australian Dollar (AUD) is likely to strengthen further, but the major resistance at 0.6290 still seems to be out of reach. In the longer run, for the time being, AUD is expected to trade in a 0.6000/0.6290 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
AUDUSD
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More from ECB's Lagarde: Joint fiscal capacity is an appropriate response to shocks
More comments from ECB's President, Christine Lagarde
EUR
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Fxstreet
EUR/USD remains well bid around 1.1350 ahead of US PPI
The US Dollar (USD) took another hit at the end of the week, after China retaliated with 125% tariffs on imports of US goods starting as soon as on April 12.
Currencies
EURUSD
Fed
Majors
Inflation
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Euro soars as US Dollar suffers historic drop – Commerzbank
The euro surged to multi-year highs against the dollar as markets reversed optimism from the tariff pause and grew increasingly wary of political and institutional risks in the US.
Banks
EURUSD
Technical Analysis
DollarIndex
Fundamental Analysis
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Forex Live
EU trade commissioner says to meet with US officials on Monday next week
Maroš Šefčovič will be heading to Washington
EUR
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ECB's Lagarde: ECB is ready to use instruments it has if needed
Comments from the ECB President, Christine Lagarde
EUR
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Fxstreet
GBP/USD: Impulsive momentum suggests further GBP strength – UOB Group
Impulsive momentum suggests further GBP strength; it remains to be seen if 1.3100 is within reach today. In the longer run, outlook for GBP has shifted to positive; the two technical levels to watch are 1.3210 and 1.3290, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
GBPUSD
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Difficult to assess tariffs impact on euro area economy for now, says Dombrovskis
Remarks by European commissioner for the economy and productivity, Valdis Dombrovskis
EUR
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CHF: Betting on no SNB intervention – ING
The Swiss franc had its biggest one-day rally since 2015 yesterday, emerging as the preferred recipient of safe-haven flows leaving the dollar.
Technical Analysis
USDCHF
Banks
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Fxstreet
USD/CAD collapses to fresh 2025 lows sub-1.3800
The US Dollar (USD) plummeted during European trading hours on Friday, on news indicating China announced additional tariffs on the United States (US). On Thursday, the White House confirmed tariffs on China of 145%, higher than the 125% previously estimated.
BOC
TradeWar
USDCAD
Macroeconomics
RiskAversion
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Fxstreet
USD: The new high-beta in town – ING
A mad week for markets is ending with heavy losses for the dollar. The FX scorecard is speaking volumes; in G10, only the illiquid Norwegian krone is flat against the dollar since last Friday.
Technical Analysis
Banks
DollarIndex
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Forex Live
Another selloff in the stock market weighed on interest rates expectations
The sentiment and rate cuts bets change on a dime these days. Here's an update to the expectations.
market overview
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Fxstreet
China: What will it take to achieve the growth target? – Standard Chartered
The current US tariff rate will drag China’s GDP growth lower by c.1.8ppt. Any further increases in tariffs are likely to have little impact on China’s growth. Another CNY 1.5-2.0tn of fiscal support is needed, supported by moderately loose monetary policy, Standard Chartered's economists report.
Growth
GDP
China
Banks
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Fxstreet
GBP/USD climbs above 1.3100 on persistent USD weakness
After closing the third consecutive day in positive territory on Wednesday, GBP/USD preserves its bullish momentum and rises about 1% on the day at around 1.3100.
Technical Analysis
Currencies
Majors
Macroeconomics
GBPUSD
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Fxstreet
EUR/USD: Likely to rally further – UOB Group
A break above 1.1275 could trigger further rally; the levels to monitor are 1.1350 and 1.1400. In the longer run, Euro (EUR) is likely to rally further; the levels to monitor are 1.1400 and 1.1450, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
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Fxstreet
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
Silver
Metals
Commodities
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Fxstreet
USD/JPY hits seven-month lows near 142.00 as the sell-off extends
USD/JPY extends its losing momentum into the fourth consecutive day in European trading on Friday, having recorded its lowest level in seven months just above 142.00.
TradeWar
Philippines
USDJPY
RiskAversion
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Fxstreet
EUR: 1.15 not unreasonable for a near-term target – ING
The Euro (USD) remains a key recipient of US Dollar (USD) outflows, and is currently trading around 1.125 after major overnight swings that saw it trade as high as 1.138.
Technical Analysis
EURUSD
Banks
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Fxstreet
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Friday, according to FXStreet data.
India
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Fxstreet
USD/CHF slumps to weakest level since September 2011 below 0.8200
After losing nearly 4% on the day on Thursday, USD/CHF continues to push lower on Friday and trades at its weakest level since September 2011 at around 0.8150.
Majors
USDCHF
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Forex Live
Japan economy minister says to hold negotiations with US on tariffs on 17 April
Japan economy minister, Ryosei Akazawa, has been tasked to head trade talks with the US
JPY
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