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US Dollar sinks as confidence plunges and inflation outlook clouds
US Dollar sinks as confidence plunges and inflation outlook clouds
The US Dollar Index (DXY) continued to slide in Friday’s session, falling near the 100 area after setting a new three-year low earlier in the day.
Currencies
Fed
SEO
DollarIndex
Fed's Collins: Fed is prepared to use tools as needed, but rate cuts may not be appropriate
Fed's Collins: Fed is prepared to use tools as needed, but rate cuts may not be appropriate
Federal Reserve (Fed) Bank of Boston President Susan Collins noted that the Fed has multiple monetary policy tools available and at its disposal should market conditions require them, but the Fed policymaker used the opportunity to push against the idea of the Fed using rate cuts first.
Fed
CentralBanks
InterestRate
White House: Tariff rate on China remains at 145%
White House: Tariff rate on China remains at 145%
White House press secretary Karoline Leavitt reported that US President Donald Trump was optimistic about securing a trade deal with China, despite the escalating trade war between the two economic giants that had been battering markets.
China
TradeWar
UnitedStates
EURUSD backs off after approaching topside target.  Key support eyed on the retracement.
EURUSD backs off after approaching topside target. Key support eyed on the retracement.
Price fails near 1.1482 swing area and pulls back toward key support at 1.1271 — breakout at risk of reversal
Time's a-wasting
Time's a-wasting
The world waits with bated breath on one phone call
EUR/USD Price Analysis: Bulls push toward fresh highs as pair trades above the 1.1300 zone
EUR/USD Price Analysis: Bulls push toward fresh highs as pair trades above the 1.1300 zone
The EUR/USD pair extended its rally on Friday, rising sharply and moving near the 1.1300 zone after the European session. With the pair positioned mid-range between 1.11873 and 1.14736, bulls remain in control, pushing toward new highs for the year amid renewed risk appetite.
Technical Analysis
Currencies
EURUSD
Majors
GBP/USD rallies past 1.3000 as China escalates trade-war with US
GBP/USD rallies past 1.3000 as China escalates trade-war with US
The Pound Sterling extends its gains versus the US Dollar as the US-Sino trade war escalates, with China imposing 125% tariffs on US goods. Trade policies continue to drive price action, with economic data taking a backseat. At the time of writing, the GBP/USD trades at 1.3067, up 0.77%.
Sentiment
PPI
Majors
GBPUSD
Fed's Williams: Tariffs will boost inflation to 3.5-4% this year
Fed's Williams: Tariffs will boost inflation to 3.5-4% this year
Federal Reserve (Fed) Bank of New York President John Williams noted on Friday that he overwhelmingly anticipates a general weakening in US economic data as tariffs continue to take root.
TradeWar
Fed
CentralBanks
Inflation
AUDUSD capped by 100-day MA, support test underway
AUDUSD capped by 100-day MA, support test underway
Repeated failure at key resistance shifts focus to 0.6224 support zone; break would strengthen bearish control
Fed's Musalem : Expect growth this year lower than trend
Fed's Musalem : Expect growth this year lower than trend
St. Louis Federal Reserve President Alberto Musalem said on Friday that he expects the economic growth this year to be lower than the trend, per Reuters.
CentralBanks
Fed
Will Solana Reach $1000? Institutional Bets and Trump Tariffs Boost Demand
Will Solana Reach $1000? Institutional Bets and Trump Tariffs Boost Demand
News Discussion Forum
By Finance Magnates
Will Solana Reach $1000? Institutional Bets and Trump Tariffs Boost Demand
Solana is leading a fresh attempt at market recovery, largely boosted by the latest development involving Trump tariffs and institutional adoption of the digital asset.
NZDUSD rebound fizzles near resistance. What now?
NZDUSD rebound fizzles near resistance. What now?
Pair stalls near 38.2% retracement and prior highs; support now eyed near 0.5764–0.5771 range
US UoM Consumer Sentiment Index drops to 50.8 in April vs. 54.5 expected
US UoM Consumer Sentiment Index drops to 50.8 in April vs. 54.5 expected
Consumer confidence in the United States (US) continued to deteriorate in April, with the University of Michigan's (UoM) Consumer Sentiment Index dropping to 50.8 in the flash estimate from 57 in March. This reading came in worse than the market expectation of 54.5.
ConsumerConfidence
UnitedStates
EconomicIndicator
USDCAD breaks key support, sellers tighten grip
USDCAD breaks key support, sellers tighten grip
Pair falls below 200-day moving average and 61.8% retracement, exposing deeper downside toward 1.3813 and beyond
USD safe haven status under pressure – Rabobank
USD safe haven status under pressure – Rabobank
The US dollar's role as a global safe haven is being challenged amid rising budget deficits and trade tensions.
Technical Analysis
Banks
DollarIndex
Fed’s Collins: The Fed will need to hold steady for longer
Fed’s Collins: The Fed will need to hold steady for longer
During an interview with Yahoo Finance on Friday, Federal Reserve Bank of Boston President Susan Collins noted that even amidst intense pressure, financial markets seem to be weathering the storm.
Currencies
Fed
CentralBanks
InterestRate
GBP advance lags core peers – Scotiabank
GBP advance lags core peers – Scotiabank
Pound Sterling (GBP) is firmer on the day but has struggled to keep up with its core G10 peers over the week, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
EUR surges to 1.14 before consolidating – Scotiabank
EUR surges to 1.14 before consolidating – Scotiabank
The Euro (EUR) tested the upper 1.08s Monday and traded to a three-year high above 1.14 earlier. It is notable that the EUR surge is happening against a backdrop of widening EZ/US spreads which would ordinarily be a negative factor for the EUR, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
USD/JPY drops to seven-month lows near 142.00
USD/JPY drops to seven-month lows near 142.00
USD/JPY adds to the pessimism seen in the latter part of the week and recedes to the 142.00 region on Friday, an area last seen in late September.
Currencies
Fed
USDJPY
CAD grinds higher versus a weaker USD – Scotiabank
CAD grinds higher versus a weaker USD – Scotiabank
The Canadian Dollar (CAD) is getting pulled along with the broader sell-off in the USD and is notching up another decent weekly gain—its fourth on the trot and the largest since late 2022.
Banks
USDCAD
Technical Analysis
BOC
Canada
USDCHF continues to be under pressure after break yesterday
USDCHF continues to be under pressure after break yesterday
The USDCHF is continuing the run from the floor between 0.8333 to 0.8373.
USD slide extends to a three-year low – Scotiabank
USD slide extends to a three-year low – Scotiabank
'Transition problems' with US Tariffs continue. The US Dollar (USD) is getting trashed.
Technical Analysis
Fed
Banks
DollarIndex
US annual PPI inflation softens to 2.7% in March vs. 3.3% expected
US annual PPI inflation softens to 2.7% in March vs. 3.3% expected
The Producer Price Index (PPI) for final demand in the US rose 2.7% on a yearly basis in March, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed the 3.2% increase recorded in February and came in below the market expectation of 3.3%.
UnitedStates
PPI
EconomicIndicator
Macroeconomics
Manufacturing