Next, what you need to know on Wednesday, April 9:
He US Dollar (USD) He continues to weaken in front of his rivals on Wednesday, pressed for the growing fear of greater escalation in the global commercial conflict. Later, in the American session, the Federal Reserve (FED) will publish the minutes of its March monetary policy meeting.
After an upward opening on Tuesday, the main indices of Wall Street became down and closed the day deeply in negative territory, since investors refrained from committing themselves to a constant recovery of appetite for risk. In Wednesday, the futures of the US stock market rates operate marginally downward in the day, while the USD index loses around 0.7% in 102.20.
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 | -0.73% | 0.57% | -0.12% | -0.38% | 0.45% | 0.48% | -1.28% | |
| EUR | 0.73% | 1.60% | 1.25% | 0.97% | 1.15% | 1.86% | 0.06% | |
| GBP | -0.57% | -1.60% | -1.66% | -0.61% | -0.46% | 0.25% | -1.51% | |
| JPY | 0.12% | -1.25% | 1.66% | -0.23% | 1.52% | 1.80% | -0.84% | |
| CAD | 0.38% | -0.97% | 0.61% | 0.23% | 0.50% | 0.85% | -1.17% | |
| Aud | -0.45% | -1.15% | 0.46% | -1.52% | -0.50% | 0.69% | -1.05% | |
| NZD | -0.48% | -1.86% | -0.25% | -1.80% | -0.85% | -0.69% | -1.74% | |
| CHF | 1.28% | -0.06% | 1.51% | 0.84% | 1.17% | 1.05% | 1.74% |
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 president of the US USD/CNH will reach a new historical maximum. Trump added that he hopes to reach an agreement with China eventually. Meanwhile, citing people with knowledge of the matter, Reuters reported in Wednesday that senior officials of the Council of State of China, several government agencies and regulators plan to hold a meeting as soon as Wednesday in response to Trump’s 104% tariffs on Chinese products.
During the Asian negotiation hours, the New Zealand Reserve Bank (RBNZ) announced that it reduced the policy rate, the official cash rate (OCR), in 25 basic points to 3.5%. In the policy statement, the RBNZ said that an additional reduction in the OCR is appropriate. After falling to a minimum of several years below 0.5500 in the Asian session, the NZD/USD He invested his direction and was last quoting in positive territory around 0.5550.
EUR/USD He registered modest profits on Tuesday and continued to extend up to Wednesday’s Asian session, supported by the generalized sales pressure surrounding the USD. The torque was for the last time rising around 0.8% in the day about 1,1050.
After a strong fall of two days, the GBP/USD He starred in a rebound on Tuesday. The pair remains firm early on Wednesday and quotes above 1,2800.
Gold He failed to make a decisive movement in any direction on Tuesday and closed the flat day below $ 3,000. The Xau/USD benefits from risk aversion early on Wednesday and earns more than 2% in the day above $ 3.040.
USD/JPY He lost more than 1% on Tuesday and extended his fall in the Asian session on Wednesday. At the time of writing, the torque was lowering 0.6% in the day to 145.40. The governor of the Bank of Japan (BOJ), Kazuo Ueda, said earlier on the day that the economy will continue to increase if the economy continues to improve according to the projections.
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.
