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CAD grinds higher versus a weaker USD – Scotiabank
The Canadian Dollar (CAD) is getting pulled along with the broader sell-off in the USD and is notching up another decent weekly gain—its fourth on the trot and the largest since late 2022.
Banks
USDCAD
Technical Analysis
BOC
Canada

USDCHF continues to be under pressure after break yesterday
The USDCHF is continuing the run from the floor between 0.8333 to 0.8373.
CHF
USD


USD slide extends to a three-year low – Scotiabank
'Transition problems' with US Tariffs continue. The US Dollar (USD) is getting trashed.
Technical Analysis
Fed
Banks
DollarIndex

US annual PPI inflation softens to 2.7% in March vs. 3.3% expected
The Producer Price Index (PPI) for final demand in the US rose 2.7% on a yearly basis in March, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed the 3.2% increase recorded in February and came in below the market expectation of 3.3%.
UnitedStates
PPI
EconomicIndicator
Macroeconomics
Manufacturing

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

The USD is lower following China's increase in tariffs of US goods to 125%
The trade war continues. USD is not liking it.
USD

FCA’s Review Exposes Concerns over Push Notifications and Prize Draws in Trading Apps
The FCA has published a Multi-firm Review, "Trading apps: high-level observations," offering guidance for new and traditional investment brokers.
fca
The Financial Conduct Authority (FCA)
retail FX
Trading App

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

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

Fed's Kashkari: Our job is to make sure inflation expectations don't rise
Fed's Kashkari speaking to CNBC
USD

US energy secretary says tariffs escalation is "home territory" for Trump
The full quote from Chris Wright
market overview

Following US Tariff Pause, Trump Reverses IRS DeFi Rule Easing Crypto Concerns
US President Donald Trump signed a bill overturning an IRS rule that expanded the broker definition to include decentralized crypto exchanges.
crypto
donald trump
DeFi
cryptocurrency

US Energy Secretary Wright: China tariff hike is start of negotiation
Comments from US Energy Secretary, Chris Wright
USD

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

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

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

EIA lowers forecast for global oil demand and US oil production – Commerzbank
Oversupply fears push oil price outlook lower
Oil
Energy
Brent
Banks

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

Why Is XRP Going Up? Standard Chartered Predicts $5.50 by End of 2025
Standard Chartered has published price projections for XRP through to 2028. The bank outlined targets for the end of each year, starting with 2025.
Ripple
XRP News
XRP
ripple. xrp
Standard Chartered

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

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

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

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

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

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

Markets fade the latest China retaliation, at least for now
Some calmer heads are seen for the time being
market overview

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

More from ECB's Lagarde: Joint fiscal capacity is an appropriate response to shocks
More comments from ECB's President, Christine Lagarde
EUR

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

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

EU trade commissioner says to meet with US officials on Monday next week
Maroš Šefčovič will be heading to Washington
EUR

ECB's Lagarde: ECB is ready to use instruments it has if needed
Comments from the ECB President, Christine Lagarde
EUR

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

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

Swissquote Now Sells Clothes
Swissquote, the Switzerland-listed online trading platform, has launched a new merchandise store selling caps and T-shirts. Branded as The Swissquote Store , all the products follow a trading-relat...

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

AI Will Take Your Job — CEOs Say Deal with It — What Can You Do?
CEOs from Shopify to Fiverr say AI is coming for your job. Employees must adapt fast—or risk irrelevance in the rapidly evolving workplace.
AI
artificial intelligence
jobs

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