This is what you need to know to operate Today Thursday, April 10:
After another volatile day on Wednesday, the markets remain cautious on Thursday and the US Dollar (USD) struggle to maintain your position. The US economic calendar will present the numbers of the March Consumer Price Index (IPC), together with the weekly data of initial unemployment subsidy applications. Several responsible for Federal Reserve Policies (FED) will also offer speeches in the American session.
The main Wall Street indices opened in negative territory on Wednesday after China responded to US tariffs imposing additional tariffs of 84% of US imports as of April 10, compared to the 34% previously announced above. Later in the day, US president Donald Trump announced that he authorized a 90 -day break in reciprocal tariffs and 10% with immediate effect, but raised the tariff rate on Chinese imports to 125%. After this event, the main stock market indices in the US shot. The Nasdaq Composite won 12%, the S&P 500 and the Dow Jones industrial average rose 9.5% and 7.9% in the day, respectively. The USD index also recovered its traction and ended the upward day.
US dollar price this week
The lower table shows the percentage of the US dollar change (USD) compared to the main currencies this week. The US dollar was the weakest currency against the Australian dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.48% | 0.12% | 0.62% | -1.40% | -1.91% | -1.68% | -0.55% | |
| EUR | 0.48% | 0.89% | 1.73% | -0.31% | -1.51% | -0.57% | 0.55% | |
| GBP | -0.12% | -0.89% | -0.49% | -1.19% | -2.39% | -1.47% | -0.35% | |
| JPY | -0.62% | -1.73% | 0.49% | -1.99% | -1.58% | -1.06% | -0.82% | |
| CAD | 1.40% | 0.31% | 1.19% | 1.99% | -0.85% | -0.28% | 0.58% | |
| Aud | 1.91% | 1.51% | 2.39% | 1.58% | 0.85% | 0.95% | 2.08% | |
| NZD | 1.68% | 0.57% | 1.47% | 1.06% | 0.28% | -0.95% | 1.14% | |
| CHF | 0.55% | -0.55% | 0.35% | 0.82% | -0.58% | -2.08% | -1.14% |
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 reports on the preparation of China of an Arsenal for the commercial war against US companies caused the safe refuge flows to return to the markets. In addition, the Ministry of Commerce and the Ministry of Foreign Affairs of China published a joint declaration, saying that they will take more measures to oppose the harassment of the USA early on Thursday, the futures of US stock market rates quote in negative territory and the USD index loses 0.4% in the day, around 102.50. In the US, annual inflation is expected to be measured by the change in the CPI, 2.6% softened from 2.8% in February.
In the Asian session, China’s data showed that the CPI decreased 0.4% in monthly terms in March. After winning more than 3% on Wednesday, AUD/USD It seems to have entered a consolidation phase above 0.6100 in the European session.
The European Commission said early on Thursday that it will consult with the Member States and Industries, and will take the necessary time to evaluate the latest developments regarding Trump’s tariffs before deciding the next step. He EUR/USD acquires bullish impulse on Thursday and earns more than 0.5% above 1.1000.
He GBP/USD He closed in positive territory for the second consecutive day on Wednesday. The PAR extends its rise in the European session and quotes above 1,2850.
After up 1% on Wednesday, the USD/JPY It reverses its address and quotes around 146.50 on Thursday, losing approximately 0.9% in daily terms.
He Gold It rose more than 3% on Wednesday and deleted a large part of the losses of the previous week. The XAU/USD preserves its bullish impulse and rises around 1% in the day about $ 3.110.
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.
