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Fxstreet
USD/JPY struggles to hold 142.00 as US-China trade war batters US Dollar
The USD/JPY pair struggles to hold the key support of 142.00 during North American trading hours on Wednesday, the lowest level seen in over four months. The pair faces selling pressure as the US Dollar (USD) has been hit hard by the intensifying trade war between the United States (US) and China.
TradeWar
Fed
BOJ
Inflation
USDJPY
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Forex Live
Bank of Canada rate decision leaves rates unchanged, as expected
Highlights of the April 17, 2025 Bank of Canada rate decision
CAD
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Forex Live
US March industrial production -0.3% vs -0.2% expected
US March industrial production data
USD
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Fxstreet
JPY climbs as trade talks begin in DC – Scotiabank
The Japanese Yen (JPY) is up 0.4% against the US Dollar (USD), holding mid-pack among G10 peers as markets eye Japan-US trade talks in Washington.
Technical Analysis
BOJ
Japan
USDJPY
Banks
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Fxstreet
EUR rises within range – Scotiabank
Euro (EUR) is up an impressive 0.7% against the US Dollar (USD) and recovering back toward the upper end of its four- session range, strengthening in tandem with its regional peers Swiss Franc (CHF) and Swedish Krona (SEK), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
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Fxstreet
CAD regains some ground ahead of BoC policy decision – Scotiabank
The Canadian Dollar (CAD) lost ground yesterday after weaker than expected CPI data lifted market speculation that the BoC could cut interest rates at today’s policy decision (13:45 GMT), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
By
Fxstreet
GBP extends rally for seventh session – Scotiabank
Pound Sterling (GBP) is up 0.3% vs. the US Dollar (USD) and a mid-performer among the G10 currencies as it extends its gains for a seventh consecutive session and pushes toward its prior (September) highs around 1.34, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
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Fxstreet
USD: Trade tensions keep US markets on the defensive – Scotiabank
The USD is trading defensively this morning again, while US Treasurys are weaker (and underperforming) and US equity futures are softer. Global stocks are lower after the US government said it would require Nvidia to obtain a license to export one of its chips to China.
Technical Analysis
US Elections
Fed
Banks
DollarIndex
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Fxstreet
US Retail Sales rise by 1.4% in March vs. 1.3% expected
Retail Sales in the United States (US) rose by 1.4% in March to $734.9 billion, the US Census Bureau announced on Wednesday. This reading followed the 0.2% increase recorded in February and came in slightly better than the market expectation for an increase 1.3%.
UnitedStates
RetailSales
EconomicIndicator
Macroeconomics
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Forex Live
Two things to watch in the US retail sales report
The data is due at the bottom of the hour
USD
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Forex Live
ForexLive European FX news wrap: Dollar shoved lower as risk remains cautious
Forex news from the European morning session on Apr 16, 2025
Session wrap
Wrap Europe
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Fxstreet
NZD/USD: A lower beta to AUD – ING
The New Zealand dollar has shown resilience compared to its Australian counterpart, as markets see less tariff risk for NZ.
Technical Analysis
Banks
AUDUSD
NZDUSD
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Forex Live
USDCAD: a look at the chart ahead of the BoC rate decision
The BoC is expected to hold rates unchanged today but there are good chances of a 25 bps cut
CAD
USD
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Fxstreet
China: Currency weakens despite favourable data – Commerzbank
This morning, the PBoC raised its USD/CNY exchange rate fixing again, paving the way for a slightly weaker CNY, Commerzbank's FX analyst Volkmar Baur notes.
Banks
PBOC
USDCNH
China
USDCNY
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Forex Live
White House note shows US tariffs against China could be hiked up to 245%
The number doesn't matter all too much at this point
USD
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Fxstreet
USD/CAD declines to near 1.3900 ahead of BoC’s monetary policy decision
The USD/CAD pair falls sharply to near 1.3900 in Wednesday’s European session. The Loonie pair weakens as the US Dollar (USD) falls back after a short-recovery move on Tuesday. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, slumps to near 99.40.
BOC
TradeWar
Fed
USDCAD
DollarIndex
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Fxstreet
AUD/USD: Still the most vulnerable – ING
AUD/USD has retraced its losses, but the Australian dollar remains fragile amid cross weakness and persistent US-China trade tensions.
Technical Analysis
Banks
AUDUSD
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Forex Live
Japan the first key litmus test on Trump's willingness to strike a compromise
Keep in mind that Japan is one of the US' closest allies though
Politics
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Fxstreet
CAD: Tariffs recede into the background for the market, but does the same apply for the BoC? – Commerzbank
The tariffs no longer seem to be a major issue for the CAD, especially since the US administration has exempted Canada from the reciprocal tariffs.
Banks
USDCAD
Canada
BOC
Technical Analysis
By
Fxstreet
Gold refreshes all-time highs as tariff war boosts safe-haven demand
Gold price (XAU/USD) posts a fresh all-time high (ATH) near $3,319 in Wednesday's North American session.. The precious metal remains an attractive investment amid heightening global trade tensions.
XAUUSD
Fed
SEO
Gold
DollarIndex
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Fxstreet
USD/CAD: Keeping risk premium on for longer – ING
While a Bank of Canada hold is widely expected, it's the looming US-Canada trade tensions and the outcome of Canada's late-April election that may shape the CAD's path.
Technical Analysis
Canada
BOC
USDCAD
Banks
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Forex Live
US MBA mortgage applications w.e. 11 April -8.5% vs +20.0% prior
Latest data from the Mortgage Bankers Association for the week ending 11 April 2025
USD
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Fxstreet
China: Stronger-than-expected Q1 growth – Standard Chartered
Q1 GDP growth remained solid at 5.4% y/y, providing a cushion to meet the annual growth target. March real activity growth beat market consensus by a significant margin; outlook remains cautious.
Growth
GDP
China
Banks
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Fxstreet
EUR/CHF: Tough times for the SNB – ING
The Swiss franc has surged amid global equity turmoil and waning confidence in the dollar.
Technical Analysis
EURCHF
USDCHF
Banks
Switzerland
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Fxstreet
Safety, export markets and oil as drivers – Commerzbank
Much has happened since the US 'Liberation Day' on 2 April. Tariffs have been introduced, only to be partially suspended. Negotiations have begun, though seemingly without much prospect of success. And new tariffs are already being planned. Of course, all this has not left the markets unscathed.
Technical Analysis
Oil
TradeWar
Energy
Banks
By
Fxstreet
EUR/GBP: Raising the profile – ING
EUR/GBP has held up better than expected, buoyed by euro strength and pressure on sterling from rising gilt yields.
Technical Analysis
EURGBP
Banks
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Forex Live
Trump: Japan is coming in today to negotiate tariffs and the cost of military support
Trump post on Truth Social
USD
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Fxstreet
USD/CAD slides back into multiyear range – Societe Generale
USD/CAD continues to trend lower after February's rejection at 1.48, breaking below the 200-DMA and slipping back into a multiyear range.
Technical Analysis
USDCAD
Banks
By
Fxstreet
EUR/JPY: Surprisingly steady – ING
Despite global equity market moves, EUR/JPY is diverging from its usual correlations, driven by a dollar sell-off and repatriation flows from Europe and Japan.
Technical Analysis
EURJPY
Banks
By
Forex Live
China reportedly mulls requesting Airbus to supply any new jets with extra set of engines
This reaffirms the Boeing boycott
CNY
By
Fxstreet
USD/JPY under pressure amid tariff jitters – OCBC
USD/JPY continues to trade with a bearish tilt as tariff uncertainty and questions over the dollar’s safe-haven role persist.
Technical Analysis
USDJPY
Banks
By
Forex Live
Could be something or could be nothing, but things are moving on US-China front
CNBC reports that China replaced its top international negotiator as talks with the US stalled
market overview
By
Fxstreet
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Silver
Commodities
Metals
By
Forex Live
Traders continue to favour dovish bets amid the lack of positive developments on tariffs
Interest rate expectations remain skewed to the more dovish side as a couple of disappointing headlines weighed on risk sentiment
market overview
By
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 Wednesday, according to FXStreet data.
India
By
Fxstreet
EUR/USD bounces back as investors doubt USD’s safe-haven appeal
EUR/USD recovers strongly to near 1.1390 during European trading hours on Wednesday after a slight correction on Tuesday. The major currency pair strengthens as the US Dollar (USD) resumes its downside journey after a short-lived recovery move.
EURUSD
ECB
DollarIndex
TradeWar
SEO
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Fxstreet
China open to talks if Trump shows respect – Bloomberg
Citing a person familiar with the Chinese government’s thinking., Bloomberg reported on Wednesday that China is willing to sit across the table with the US. However, Beijing has some preconditions for the trade negotiations.
China
UnitedStates
Gold
TradeWar
RiskAversion
By
Fxstreet
EUR/JPY advances to near 162.00 as Euro receives support from real money flows
EUR/JPY rebounds after two consecutive sessions of losses, trading near 162.00 during Wednesday’s European hours. The currency cross strengthens as the Euro (EUR) gains traction against its peers, supported by real money flows as investors hedge Dollar exposure or repatriate US assets.
Crosses
Eurozone
Japan
EURJPY
Macroeconomics
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Forex Live
Eurozone March final CPI +2.2% vs +2.2% y/y prelim
Latest data released by Eurostat - 16 April 2025
EUR
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