The dollar extended its negative bias, entering its fourth consecutive week of losses amid the general improvement in the feeling around the galaxy linked to risk and tensions somewhat mitigated in the front of the commercial war between the US and China.
Here is what you need to know on Tuesday, April 15:
The US dollar index (DXY) fell for the fifth consecutive day on Monday, maintaining trade below the 100.00 threshold amid the generalized correction in US yields throughout the spectrum. Import/export prices will be published, followed by the New York Empire State Manufacturing Index and the API report on US crude oil inventories. In addition, Harker, Bostic and Barkin of the FED are scheduled to speak.
The EUR/USD left two consecutive daily advances behind and backed the region of 1,1360 despite the unfinished/bearish tone in the US dollar. Germany wholesale prices will be published, before the economic feeling of ZEW in Germany and the Eurozone.
The GBP/USD extended its strong rebound to the 1,3200 area, although it lost some impulse later. Next, the BRC retail sales monitor will be published, followed by the United Kingdom labor market report.
The USD/JPY could not keep the rebound early above the 144.00 barrier, going back to the low 142.00 later. The following on the Japanese agenda will be Reuters’ tankan index and machinery orders.
The AUD/USD advanced even more, finally recovering the 0.600 and more barrier, reaching maximum of several days about 0.6340. The RBA records will be in the center of the debate.
WTI prices joined the decent advance of Friday and rose to two -day maximums above $ 62.00 per barrel in the midst of some positive headlines on tariffs and news that Chinese imports increased last month.
Gold prices shot at a historical maximum about $ 3,250 per Troy ounce, only to retreat later due to the decrease in tensions around Trump’s tariffs and a better environment in the risk complex. Silver prices were negotiated in a positive land above the 32.00 region per ounce, advancing for the fourth consecutive day.
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.
