The dollar added to Friday’s recovery and rose to three -day maximums backed by the intense demand for safe refuge in response to the incessant commercial tensions after the tariffs of President Trump.
This is what you need to know on Tuesday, April 8:
The American dollar index (DXY) rose to around 103.50, or three -day maximums, helped by the feeling of predominant risk and the rebound in US yields throughout the curve. The NFIB Business Optimism Index is expected, followed by the Weekly Report of the API on the inventories of US crude oil, as well as Daly’s discourse of the Fed.
The EUR/USD collapsed at a minimum of two days and visited the region below 1,0900 amid increasing concerns about US commercial policy and the US economy. The final inflation rate in Germany will be published on April 11 together with the results of the current account.
The GBP/USD fell to a minimum of several weeks, visiting the neighborhood of the 1,2700 support and breaking below the 200 -day SMA key. The following in the United Kingdom calendar will be the GDP figures, the trade balance of goods, industrial and manufacturing production, construction production and the monthly NIESR GDP tracker, all of April 11.
The USD/JPY was based on Friday’s progress and rose to two -day maximums just above the 148.00 key threshold. The following in Japan will be the Eco Watchers survey along with the results of the current account and the bank loan figures.
The AUD/USD extended the strong recoil on Friday, challenging the level of 0.5900 for the first time since March 2020. The Westpac consumer confidence index and NAB business confidence will be published on April 8.
WTI prices fell to a minimum of more than three years around the level of 59.00 per barrel amid incessant concerns about a possible global commercial war and its direct impact on the demand for crude oil.
Gold prices fell for the third consecutive day, breaking below the key threshold of 3,000 Troy ounce amid the continuation of the strong mass sale in stock markets worldwide. Silver prices retreated at levels not seen since September near the level of 28.00 per ounce before registering a decent return.
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.