Next, what you need to know on Friday, April 11:
He US Dollar (USD) He remained under immense sale pressure on Thursday and continued to weaken on Friday morning, with the USD index playing its lowest level since July 2023 below 100.00. March Price Index (IPP) Price Index (IPP) will be presented at the US economic calendar and Michigan University will publish the data of the consumer’s feeling index for April.
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 | -3.40% | -1.34% | -1.76% | -2.52% | -2.93% | -3.67% | -4.39% | |
| EUR | 3.40% | 2.42% | 2.35% | 1.54% | 0.42% | 0.34% | -0.41% | |
| GBP | 1.34% | -2.42% | -1.36% | -0.85% | -1.95% | -2.03% | -2.76% | |
| JPY | 1.76% | -2.35% | 1.36% | -0.75% | -0.26% | -0.74% | -2.36% | |
| CAD | 2.52% | -1.54% | 0.85% | 0.75% | -0.77% | -1.18% | -2.19% | |
| Aud | 2.93% | -0.42% | 1.95% | 0.26% | 0.77% | -0.08% | -0.84% | |
| NZD | 3.67% | -0.34% | 2.03% | 0.74% | 1.18% | 0.08% | -0.76% | |
| CHF | 4.39% | 0.41% | 2.76% | 2.36% | 2.19% | 0.84% | 0.76% |
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 growing fears about a commercial conflict between the US and China that deepens the recession in the US economy and the intense sale of US Treasury bonds. They weighed strongly over the USD in the second half of the week. After losing almost 2% on Thursday, the USD index extended its fall to 99.70 during Asian negotiation hours. After a short -term recovery attempt at the early European session, the index turned down and was last losing more than 1% in the day to 99.80.
Reuters reported early on Friday that US President Donald Trump will probably take reprisals in commerce if Mexico does not deliver water to the United States (USA). Meanwhile, the main stock indices failed to gain traction despite the US decision of Pausar reciprocal tariffs for 90 days and registered large losses on Thursday. In Friday, the futures of the stock market indices of the US are quoted in positive territory, since the general volatility of the market remains high.
Gold He continued capitalizing on the flows to safe shelters and won 3% on Thursday. The Xau/USD extended its rally on Friday morning and reached a new historical maximum above $ 3,200.
USD/JPY More than 2% fell on Thursday and continued down on Friday. At the time of publication, the pair was down 1% in the day to 143.00. Japan finance minister Shunichi Kato said early on Friday that change rates should be established by markets, reiterating that excessive volatility in the currency market impacts negatively on the Japanese economy.
USD/CHF He lost almost 4% on Thursday and registered its lowest daily closure since September 2011. A Swiss national bank spokesman said Friday that they will not comment on the assessment of the Swiss Franco.
EUR/USD It preserves its bullish impulse after the increase on Thursday and quotes at its highest level since March 2022 above 1,1300 in the European session on Friday. The president of the European Central Bank (ECB), Christine Lagarde, will give a speech later in the session.
GBP/USD It extends its upward trend for the fourth consecutive day on Friday and quotes above 1,3060.
After winning more than 3% on Wednesday, AUD/USD It rose about 1% on Thursday. The torque struggles to advance despite the generalized sales pressure surrounding the USD and quotes below 0.6250 in the European session on Friday.
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.
