The dollar extended its recovery thanks to the auspicious holders around the commercial crisis between the US and China and the mitigation of fears of possible threats to the independence of the Fed by President Trump.
This is what you need to know on Thursday, April 24:
The American dollar index (DXY) advanced even more and pointed again to the 100.00 psychological barrier, climbing for the second consecutive day. Initial weekly unemployment subsidy applications are expected, followed by the National Activity Index of the Chicago Fed, requests for durable goods and existing housing sales.
The EUR/USD was under additional selling pressure, challenging the key support of 1,1300, or minimum of several days. The IFO business climate of Germany will only be published on the domestic agenda.
The GBP/USD broke below the 1,3300 support to reach new minimum of four days amid the persistent progress of the dollar. Next on the agenda on the other side of the channel will be the CBI business optimism index, followed by the requests for industrial trend.
The USD/JPY gained additional impulse and broke over the obstacle of 143.00, reaching new maximums of several days. Weekly investment readings in foreign bonds are expected.
WTI prices fell to a minimum of four days, breaking the $ 62.00 brand per barrel after the probability that OPEC+ could increase raw oil production next month.
The best tone in risk -linked assets, as well as the largest US dollar and the decrease in commercial concerns between the US and China, weighed on the yellow metal, dragging gold prices below the 3,300 $ brand per Troy ounce. Silver prices, meanwhile, rose to three -week maximums around the 33,70 $ per ounce.
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.
