Next, what you need to know on Friday, April 4:
After suffering great losses against their peers on Thursday, the US Dollar (USD) It stands early on Friday while investors move waiting for key events. The US Labor Statistics Office will publish March employment data, which will include non -agricultural payroll, unemployment rate and salary inflation figures. Later in the session, the president of the Federal Reserve, Jerome Powell, will give a speech.
US dollar price this week
The lower table shows the percentage of the US dollar change (USD) compared to the main currencies this week. American dollar was the weakest currency against the Swiss Franco.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -1.76% | -0.66% | -2.50% | -1.13% | 1.05% | 0.40% | -2.81% | |
| EUR | 1.76% | 1.22% | -0.69% | 0.68% | 2.94% | 2.24% | -1.03% | |
| GBP | 0.66% | -1.22% | -1.94% | -0.49% | 1.69% | 1.03% | -2.18% | |
| JPY | 2.50% | 0.69% | 1.94% | 1.41% | 3.68% | 3.01% | -0.40% | |
| CAD | 1.13% | -0.68% | 0.49% | -1.41% | 2.23% | 1.54% | -1.70% | |
| Aud | -1.05% | -2.94% | -1.69% | -3.68% | -2.23% | -0.66% | -3.85% | |
| NZD | -0.40% | -2.24% | -1.03% | -3.01% | -1.54% | 0.66% | -3.20% | |
| CHF | 2.81% | 1.03% | 2.18% | 0.40% | 1.70% | 3.85% | 3.20% |
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 USD index fell more than 1.5% on Thursday, since the tariff ads of US President Donald Trump revived fears on a stagflation in the US economy. The main Wall Street rates also fell drastically. The Nasdaq Composite registered its largest loss in a single day in approximately 5 years, with a drop of almost 6%, the S&P 500 fell 4.8%and the Dow Jones industrial average lost 4%. Futures of US stock indices were losing between 0.6% and 0.3%.
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, said Thursday that broad tariffs announced by the Trump administration represent a significant risk for the global economy at a time when growth has been slow. Meanwhile, Fitch Ratings indicated that US growth in 2025 will probably be slower than the 1.7% they had projected in March, given the highest tariffs than anticipated. “Tariff increases will result in higher prices for consumers and lower corporate profits in the US,” said the agency.
Non -agricultural payrolls in the US are expected to increase in 135,000 in March, after the increase of 151,000 reported in February. In this period, the unemployment rate is expected to remain stable at 4.1%. The president of the FED, Powell, will present his comments prepared on the economic perspectives and will participate in a moderate discussion in the annual conference of the company for the progress of the edition and business writing in Arlington, VA.
EUR/USD It rose to its highest level in six months above 1,1100 on Thursday. The torque corrects down and quotes around 1,1050 in the European morning on Friday.
GBP/USD He shot over 1,3200 but erased a part of his daily profits in the second half of the day on Thursday. The torque turns down to start the European session and quotes below 1,3050.
The governor of the Bank of Japan, Kazuo Ueda, said early on Friday that US tariffs will probably exert downward pressure on Japan and global economies. USD/JPY It remains in a consolidation phase slightly above 146.00 after further than 2% fell on Thursday.
Gold He fluctuated in a wide range on Thursday and ended the day in negative territory. After an impressive rebound to a new historical maximum of $ 3,167 during the Asian session, the Xau/USD fell to 3,054 $ before closing above $ 3.110. The pair remains defensive and listed below $ 3,100 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.
