Next, what you need to know on Monday, April 28:
The main currency pairs are quoted in relatively adjusted ranges early on Monday, after the highly volatile action of the previous week. The US economic calendar will present the manufacturing business index of the Dallas Fed for April on Monday. Later in the week, the key growth and employment data of the main economies will be followed closely.
US dollar last 7 days
The lower table shows the percentage of change of the US dollar (USD) compared to the main currencies last 7 days. US dollar was the strongest currency against the Swiss Franco.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.43% | -0.02% | 1.18% | 0.19% | 0.02% | -0.22% | 1.66% | |
| EUR | -0.43% | -0.60% | 0.73% | -0.28% | -0.61% | -0.68% | 1.21% | |
| GBP | 0.02% | 0.60% | 1.51% | 0.34% | -0.01% | -0.07% | 1.82% | |
| JPY | -1.18% | -0.73% | -1.51% | -0.98% | -1.29% | -1.27% | 0.50% | |
| CAD | -0.19% | 0.28% | -0.34% | 0.98% | -0.30% | -0.42% | 1.49% | |
| Aud | -0.02% | 0.61% | 0.00% | 1.29% | 0.30% | -0.06% | 1.81% | |
| NZD | 0.22% | 0.68% | 0.07% | 1.27% | 0.42% | 0.06% | 1.93% | |
| CHF | -1.66% | -1.21% | -1.82% | -0.50% | -1.49% | -1.81% | -1.93% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the US dollar of the left column and move along the horizontal line to the Japanese yen, the percentage change shown in the box will represent the USD (base)/JPY (quotation).
He US Dollar Index (USD) He registered small profits last week and broke a three -week running streak. In the European morning, the USD index advances towards 99.80, while the futures of the US stock market rates operate in negative territory. The markets remain cautious at the beginning of the week in the absence of new developments that point to a de -escalation of the commercial conflict between the US and China.
During the weekend, Financial Times reported that the port of Los Angeles, the main road entrance route from China, hopes that the arrivals scheduled in the week that begins on May 4 will be a third lower than the previous year. Meanwhile, a spokesman for the Chinese Ministry of Foreign Affairs on Monday that they have not participated in any commercial conversation with the USA.
EUR/USD Fight to win traction and quote in red around 1,1350 after closing the previous week slightly down. Citing six sources familiar with the discussions, Reuters reported on Saturday that those responsible for the European Central Bank policy are increasingly confident in lowering the key rates in June again, but they do not see reason to consider a large cut of 50 basic points (BPS).
GBP/USD Fluctuate in a narrow range about 1,3300 to start the European session on Monday.
USD/JPY It rose more than 0.7% on Friday and exceeded 144.00 for the first time in more than a week before correcting down when the weekend approached. The pair maintains its position on Monday and quotes comfortably above 143.50. Atsushi Mimura, Vice Minister of Finance of Japan for International Affairs and the main currency officer, said the media report that indicates that US Treasury Secretary of the Treasury is “completely false.”
Gold He managed to close the previous week above $ 3,300, but he was subjected to new bearish pressures on Monday. The Xau/USD was last seen losing more than 1% in the day about $ 3,280.
Commercial War between the US and China Faqs
In general terms, “Trade War” is a commercial war, an economic conflict between two or more countries due to the extreme protectionism of one of the parties. It implies the creation of commercial barriers, such as tariffs, which are in counterbarreras, increasing import costs and, therefore, the cost of life.
An economic conflict between the United States (USA) and China began in early 2018, when President Donald Trump established commercial barriers against China, claiming unfair commercial practices and theft of intellectual property by the Asian giant. China took retaliation measures, imposing tariffs on multiple American products, such as cars and soybeans. The tensions climbed until the two countries signed the Phase one trade agreement between the US and China in January 2020. The agreement required structural reforms and other changes in China’s economic and commercial regime and intended to restore stability and confidence between the two nations. Coronavirus pandemia diverted the attention of the conflict. However, it is worth mentioning that President Joe Biden, who took office after Trump, kept the tariffs and even added some additional encumbrances.
Donald Trump’s return to the White House as the 47th US president has unleashed a new wave of tensions between the two countries. During the 2024 election campaign, Trump promised to impose 60% tariff particularly in investment, and directly feeding the inflation of the consumer price index.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
