Created
: 2025.04.02
2025.04.02 03:25
The Greenback treaded water just above the 104.00 mark amid omnipresent trade concerns and investors' steady caution prior to the dubbed "Liberation Day".
The US Dollar Index (DXY) alternated gains with losses in the low-104.00s against the backdrop of a generalised weakness in US yields. President Trump's announcement of reciprocal tariffs will be the salient event, seconded by Factory Orders, the EIA's weekly report on US crude oil inventories, and the speech by the Fed's Kugler.
EUR/USD accelerated losses towards the end of the NA session, revisiting the 1.0780 zone, down for the second day in a row. The speeches by the ECB's Lane and Schnabel will gather importance in the euro docket.
GBP/USD charted an irresolute day near 1.2920 amid the flattish mood in the Greenback. Next on tap across the Channel will be the final S&P Global Services PMI on April 3.
USD/JPY quickly left behind Monday's recovery attempt and put the 149.00 support to the test once again. The next event in the Japanese calendar will be the weekly Foreign Bond Investment and the final Jibun Bank Services PMI on April 3.
AUD/USD regained balance, set aside two daily drops in a row and traded close to the key 0.6300 barrier. The Ai Group survey is due, seconded by Building Permits, Private House Approvals and the speech by the RBA's Kent.
WTI prices corrected lower after hitting new highs just north of the $72.00 mark per barrel amid steady tariff concerns.
Gold prices receded marginally after hitting an all-time high near the $3,150 mark per troy ounce backed by rising fears surrounding tariffs and concerns over the US economy. Silver prices fell for the third consecutive session, hovering around multi-day lows near $33.50 per ounce.
Created
: 2025.04.02
Last updated
: 2025.04.02
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy