The dollar recovered from its initial losses to a minimum of three days and ended the session practically unchanged in response to a late recovery driven by the announcement of President Trump of a 90 -day delay in reciprocal tariffs.
This is what you need to know on Thursday, April 10:
The US dollar index (DXY) was sold in the region below 102.00, only to reverse that movement towards the end of the NA session, helped by a decent rebound in US yields. The inflation rate will be the center of attention on April 10, followed by the usual initial applications of weekly unemployment subsidy. In addition, Logan and Goolsbee of the Fed are scheduled to speak.
The EUR/USD added Tuesday’s rebound and approached the 1100 region due to the intense setback in the dollar. The final inflation rate in Germany and the results of the current account will be published on April 11.
The GBP/USD managed to recover the smile and move beyond the obstacle of 1,2800, or two days. On April 11, the United Kingdom Agenda will have GDP readings, results of the trade balance of goods, industrial production and manufacturing, construction production and the monthly NIESR GDP tracker.
The USD/JPY tested the area beyond the level of 148.00, at the same time maximum of four days. The prices of producers and weekly investment figures in foreign bonds in the national calendar will be published.
The AUD/USD advanced significantly and recovered the 0.6100 region shortly after touching fresh minimums about 0.5900. Consumer inflation expectations measured by the Melbourne Institute are expected.
WTI prices jumped to the neighborhood of the level of $ 63,00 per barrel, reversing an initial setback to the $ 55.00 zone, levels that were not negotiated since February 2021, all in the context of a growing optimism after Trump’s news about tariffs.
Gold prices added to the slight rebound on Tuesday, rising strongly to the neighborhood of the level of $ 3,100 per Troy ounce due to commercial restlessness and the demand for safe refuge. Silver prices reversed Tuesday’s setback and negotiated just above the level of $ 31.00 per ounce, flirting with their 200 -day SMA.
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.
