Next, what you need to know on Friday, April 18:
The main currency pairs remain calm on Friday as negotiation volumes are reduced, with the main closed markets in observance of the Easter holiday. The economic calendar will not offer any high relevance data, raiding the way for a market action contained in the weekend.
US dollar price this month
The lower table shows the percentage of the US dollar change (USD) compared to the main currencies this month. American dollar was the weakest currency against the Swiss Franco.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -4.95% | -2.70% | -5.05% | -3.80% | -2.07% | -4.94% | -7.45% | |
| EUR | 4.95% | 2.39% | -0.16% | 1.15% | 2.82% | -0.05% | -2.68% | |
| GBP | 2.70% | -2.39% | -2.49% | -1.22% | 0.41% | -2.39% | -4.96% | |
| JPY | 5.05% | 0.16% | 2.49% | 1.32% | 3.17% | 0.77% | -2.54% | |
| CAD | 3.80% | -1.15% | 1.22% | -1.32% | 1.71% | -1.18% | -3.79% | |
| Aud | 2.07% | -2.82% | -0.41% | -3.17% | -1.71% | -2.79% | -5.35% | |
| NZD | 4.94% | 0.05% | 2.39% | -0.77% | 1.18% | 2.79% | -2.64% | |
| CHF | 7.45% | 2.68% | 4.96% | 2.54% | 3.79% | 5.35% | 2.64% |
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).
The European Central Bank (ECB) announced Thursday that it reduced key rates in 25 basic points (PBS) after the April policy meeting, as was widely anticipated. At the press conference after the meeting, the president of the ECB, Christine Lagarde, refrained from insinuating the next policy movement, but acknowledged that the economic perspectives of the Eurozone are cloudy by uncertainty.EUR/USD He went down after the ECB event and ended the day in negative territory. In Friday, the pair fluctuates in a narrow channel above 1,1350.
The US data showed on Thursday that initial weekly unemployment applications fell to 215,000 from 224,000 in the previous week. Meanwhile, US president Donald Trump said Thursday that China has contacted his administration to talk about tariffs and added that he believes they will reach an agreement with China. He Dollar index (USD) He closed slightly up and stabilized around 99.50 early Friday.
After winning more than 3% on Wednesday, Gold He continued to go up in the Asian session on Thursday and reached a new historical maximum of $ 3,357. In the second half of the day, the Xau/USD corrected downward, possibly due to the benefits, and was set at $ 3,327 for the week.
GBP/USD He closed in positive territory on Thursday and stretched up at 1,3280 before entering a consolidation phase.
USD/JPY It quotes in a narrow range below 142.50 on Friday and remains on the way to register losses for the third consecutive week. The governor of the Bank of Japan, Kazuo Ueda, repeated on Friday that interest rates will continue to increase if the underlying inflation accelerates towards the objective of 2%.
FAQS tariffs
Although tariffs and taxes generate government income to finance public goods and services, they have several distinctions. Tariffs are paid in advance in the entrance port, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, while tariffs are paid by importers.
There are two schools of thought among economists regarding the use of tariffs. While some argue that tariffs are necessary to protect national industries and address commercial imbalances, others see them as a harmful tool that could potentially increase long -term prices and bring to a harmful commercial war by promoting reciprocal tariffs.
During the election campaign for the presidential elections of November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy. In 2024, Mexico, China and Canada represented 42% of the total US imports in this period, Mexico stood out as the main exporter with 466.6 billion dollars, according to the US Census Office, therefore, Trump wants to focus on these three nations by imposing tariffs. It also plans to use the income generated through tariffs to reduce personal income taxes.
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.
