Here is what you need to know on Tuesday, April 1:
The markets cling to a cautious posture on the first day of April while waiting for decisions about reciprocal US rates, which is expected to be announced at 7:00 p.m. on Wednesday. In the European session, the March inflation data of the euro zone and the US economic calendar will be observed closely, it will include the data of Jolts employment offers of February and the report of the purchasing managers index (PMI) of manufacturing of the ISM for March.
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 New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.06% | 0.01% | -0.57% | 0.53% | 0.47% | 1.00% | 0.09% | |
| EUR | 0.06% | 0.06% | -0.53% | 0.58% | 0.55% | 1.05% | 0.14% | |
| GBP | -0.01% | -0.06% | -0.60% | 0.52% | 0.49% | 1.00% | 0.04% | |
| JPY | 0.57% | 0.53% | 0.60% | 1.11% | 1.09% | 1.58% | 0.66% | |
| CAD | -0.53% | -0.58% | -0.52% | -1.11% | -0.02% | 0.47% | -0.48% | |
| Aud | -0.47% | -0.55% | -0.49% | -1.09% | 0.02% | 0.50% | -0.42% | |
| NZD | -1.00% | -1.05% | -1.00% | -1.58% | -0.47% | -0.50% | -0.95% | |
| CHF | -0.09% | -0.14% | -0.04% | -0.66% | 0.48% | 0.42% | 0.95% |
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 (USD) It benefited from the atmosphere of risk aversion in the first half of Monday. After a bearish opening, the main Wall Street indices starred in a rebound later in the American session and limited the USD profits. The president of the United States, Donald Trump, reiterated on Monday night that his reciprocal tariff plan will be directed to all countries.
During the Asian negotiation hours, the Bank of the Australian Reserve (RBA) announced that it maintained the policy rate without changes in 4.1%, as expected. In his policy statement, the RBA said that uncertainty about perspectives abroad remains significant. When speaking at the press conference after the meeting, the governor of the RBA, Michele Bullock, said that those responsible for the policy did not discuss a rate cut and explained that they will wait more data before taking the next step. After losing almost 0.7% on Monday, AUD/USD It remains firm and listed slightly up to the day, around 0.6250 in the European morning. Meanwhile, China’s data showed that the manufacturing PMI Caixin improved 51.2 in March from 50.8 in February.
EUR/USD fight to win traction and quote about 1,0800 after registering small losses on Monday.
GBP/USD He recovered modestly after falling below 1,2900 on Monday and ended the day slightly down. The pair remains relatively calm and fluctuates in a narrow channel around 1,2920 to start the European session.
The unemployment rate in Japan dropped to 2.4% in February from 2.5% in January. Other Japan data showed that the capital spending of large tankan industries increased 3.1% in the first quarter. USD/JPY He showed no reaction to these data and was last seen moving laterally slightly below 150.00.
Gold It reached a new historical maximum about $ 3,150 during the Asian session on Tuesday after rising more than 1% on Monday. The Xau/USD corrects down $ 3,130 in the European morning.
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.
