Next, what you need to know on Monday, April 21:
The US dollar (USD) is under a renewed sales pressure after finishing the previous week in a quiet note. The growing concerns about an economic recession in the US and doubts about the independence of the Federal Reserve (FED) weigh on the currency. Many international markets, including France, Germany and the United Kingdom, will remain closed on the occasion of Easter Monday, but the stock markets and bonds in the US will operate at regular schedules. The economic calendar will not have the publication of high relevance data.
American dollar today
The lower table shows the percentage of US dollar change (USD) compared to the main coins today. American dollar was the weakest currency against the New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -1.05% | -0.66% | -1.00% | -0.37% | -0.61% | -1.21% | -0.97% | |
| EUR | 1.05% | 0.24% | 0.06% | 0.64% | 0.25% | -0.19% | 0.06% | |
| GBP | 0.66% | -0.24% | -0.02% | 0.41% | 0.00% | -0.43% | -0.19% | |
| JPY | 1.00% | -0.06% | 0.02% | 0.61% | 0.24% | -0.12% | 0.04% | |
| CAD | 0.37% | -0.64% | -0.41% | -0.61% | -0.36% | -0.84% | -0.58% | |
| Aud | 0.61% | -0.25% | -0.00% | -0.24% | 0.36% | -0.43% | -0.19% | |
| NZD | 1.21% | 0.19% | 0.43% | 0.12% | 0.84% | 0.43% | 0.28% | |
| CHF | 0.97% | -0.06% | 0.19% | -0.04% | 0.58% | 0.19% | -0.28% |
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).
While talking with the reporters on Friday afternoon, the Economic Advisor of the White House, Kevin Hassett, said President Donald Trump and his team were studying whether to say goodbye to the president of the Fed, Jerome Powell, was an option in a way in which it was not before. Meanwhile, citing several people familiar with the matter, Financial Times reported Monday morning that the funds backed by the Chinese State were cutting new investments in US private capital, such as the next step in the commercial conflict in climbing. After ending the previous week with small losses, the USD index extends its fall early Monday and trades at its weakest level since April 2022, below 98.50, losing more than 1% in the day. Meanwhile, the futures of the US stock market indices began the week in a bearish note and were losing between 0.8% and 0.9%.
In the Asian session on Monday, the Popular Bank of China (PBOC), the Central Bank of China, announced that it maintained the preferential loan rates (LPR) to a year and five years without changes in 3.10% and 3.60%, respectively.
After the brief correction of Thursday, The gold It gathers bullish impulse for safe refuge flows and goes up to $ 3,400 on Monday, renewing its historical maximum in the process.
After finishing the previous week with small profits, EUR/USD It extends its upward trend early on Monday and lies at its strongest level since November 2021, above 1,1500. Citing three sources familiar with the matter, Reuters on Monday that the European Union (EU) is contemplating options to modify its rules on methane emissions, facilitating the fulfillment of the US with its gas exports.
GBP/USD He wins traction on Monday and quotes at its highest level since September, around 1,3400.
USD/JPY It loses more than 1% in the day and quotes about 140.70 in the European morning on Monday.
Commercial War between the US and China Faqs
In general terms, “Trade War” is a commercial war, an economic conflict between two or more countries due to the extreme protectionism of one of the parties. It implies the creation of commercial barriers, such as tariffs, which are in counterbarreras, increasing import costs and, therefore, the cost of life.
An economic conflict between the United States (USA) and China began in early 2018, when President Donald Trump established commercial barriers against China, claiming unfair commercial practices and theft of intellectual property by the Asian giant. China took retaliation measures, imposing tariffs on multiple American products, such as cars and soybeans. The tensions climbed until the two countries signed the Phase one trade agreement between the US and China in January 2020. The agreement required structural reforms and other changes in China’s economic and commercial regime and intended to restore stability and confidence between the two nations. Coronavirus pandemia diverted the attention of the conflict. However, it is worth mentioning that President Joe Biden, who took office after Trump, kept the tariffs and even added some additional encumbrances.
Donald Trump’s return to the White House as the 47th US president has unleashed a new wave of tensions between the two countries. During the 2024 election campaign, Trump promised to impose 60% tariff particularly in investment, and directly feeding the inflation of the consumer price index.
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.
