Created
: 2025.04.28
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Forex Today: Markets remain calm to start week full of key data releases
World FX news
Breaking news
Forex Today: Markets remain calm to start week full of key data releases
New
2025.04.28 16:27
2025.04.28 16:27
2025.04.28 16:27
Here is what you need to know on Monday, April 28:
Major currency pairs trade in relatively tight ranges early Monday, following the previous week's highly volatile action. The US economic calendar will feature Dallas Fed Manufacturing Business Index for April on Monday. Later in the week, key growth and employment data from major economies will be watched closely.
US Dollar PRICE Last 7 days
The table below shows the percentage change of US Dollar (USD) against listed major currencies last 7 days. US Dollar was the strongest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.43% | -0.02% | 1.18% | 0.19% | 0.02% | -0.22% | 1.66% | |
| EUR | -0.43% | -0.60% | 0.73% | -0.28% | -0.61% | -0.68% | 1.21% | |
| GBP | 0.02% | 0.60% | 1.51% | 0.34% | -0.01% | -0.07% | 1.82% | |
| JPY | -1.18% | -0.73% | -1.51% | -0.98% | -1.29% | -1.27% | 0.50% | |
| CAD | -0.19% | 0.28% | -0.34% | 0.98% | -0.30% | -0.42% | 1.49% | |
| AUD | -0.02% | 0.61% | 0.00% | 1.29% | 0.30% | -0.06% | 1.81% | |
| NZD | 0.22% | 0.68% | 0.07% | 1.27% | 0.42% | 0.06% | 1.93% | |
| CHF | -1.66% | -1.21% | -1.82% | -0.50% | -1.49% | -1.81% | -1.93% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
The US Dollar (USD) Index registered small gains last week and snapped a three-week losing streak. In the European morning, the USD Index edges higher toward 99.80, while US stock index futures trade in negative territory. Markets remain cautious to start the week amid a lack of new developments pointing to a de-escalation of the US-China trade conflict.
Over the weekend, the Financial Times reported that the Port of Los Angeles, the main route of entry for goods from China, expects scheduled arrivals in the week starting May 4 to be a third lower than a year before. Meanwhile, a spokesperson for China's Foreign Ministry noted on Monday that they have not engaged in any trade talks with the US.
EUR/USD struggles to gain traction and trades in the red at around 1.1350 after closing the previous week marginally lower. Citing six sources familiar with discussions, Reuters reported on Saturday that the European Central Bank policymakers are becoming increasingly confident about lowering key rates again in June but they see no reason to consider a big 50 basis points (bps) cut.
GBP/USD fluctuates in a narrow band near 1.3300 to begin the European session on Monday.
USD/JPY rose more than 0.7% on Friday and climbed above 144.00 for the first time in over a week before correcting lower heading into the weekend. The pair holds its ground on Monday and trades comfortably above 143.50. Atsushi Mimura, Japan's Vice Finance Minister for International Affairs and top foreign exchange official, said early Monday that it is "completely untrue" about the media report that US Treasury Secretary Scott Bessent said a stronger Japanese Yen is preferable.
Gold managed to end the previous week above $3,300 but came under renewed bearish pressure on Monday. XAU/USD was last seen losing more than 1% on the day near $3,280.
US-China Trade War FAQs
Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on one end. It implies the creation of trade barriers, such as tariffs, which result in counter-barriers, escalating import costs, and hence the cost of living.
An economic conflict between the United States (US) and China began early in 2018, when President Donald Trump set trade barriers on China, claiming unfair commercial practices and intellectual property theft from the Asian giant. China took retaliatory action, imposing tariffs on multiple US goods, such as automobiles and soybeans. Tensions escalated until the two countries signed the US-China Phase One trade deal in January 2020. The agreement required structural reforms and other changes to China's economic and trade regime and pretended to restore stability and trust between the two nations. However, the Coronavirus pandemic took the focus out of the conflict. Yet, it is worth mentioning that President Joe Biden, who took office after Trump, kept tariffs in place and even added some additional levies.
The return of Donald Trump to the White House as the 47th US President has sparked a fresh wave of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60% tariffs on China once he returned to office, which he did on January 20, 2025. With Trump back, the US-China trade war is meant to resume where it was left, with tit-for-tat policies affecting the global economic landscape amid disruptions in global supply chains, resulting in a reduction in spending, particularly investment, and directly feeding into the Consumer Price Index inflation.
Last updated
: 2025.04.28
Related articles
CAD: Canada goes to the polls - ING
7 minutes agoUSD/JPY: Rebound finds resistance - OCBC
11 minutes agoEuropean gas prices slide to 9-month lows - ING
16 minutes agoUSD: Positioning data shows a split in activity - ING
18 minutes agoInflation expectations among US consumers - Commerzbank
26 minutes agoDXY: Technical rebound on the daily charts - OCBC
34 minutes ago
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.
Was this article helpful?
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].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
RUB: Not really dovish - Commerzbank
Russia's central bank (CBR) left its key rate unchanged on Friday as had been unanimously expected.
New
2025.04.28 19:28CAD: Canada goes to the polls - ING
Canada holds a general election today; here is our market guide to the vote, ING's FX analyst Francesco Pesole notes.
New
2025.04.28 19:22USD/JPY: Rebound finds resistance - OCBC
Rebound in USD/JPY continued as the Bessent-Kato meeting saw no mention of FX levels. Pair was last at 143.43 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.04.28 19:18European gas prices slide to 9-month lows - ING
In gas, natural gas prices in Europe extended declines for a fourth straight session and fell around 4.9% day-on-day at one point in time to trade below EUR32/MWh (the lowest since July) on Friday, ING's commodity experts Ewa Manthey and Warren Patterson note.
New
2025.04.28 19:13USD: Positioning data shows a split in activity - ING
It's been a quiet start to the week in financial markets, with cross-market levels of volatility falling. There has not been too much tariff-related news over the weekend, although it does seem US consumers could soon start to feel the bite.
New
2025.04.28 19:11Inflation expectations among US consumers - Commerzbank
It is looking less and less likely that the dramatic rise in long-term inflation expectations among US consumers, as measured by the University of Michigan for the second month in a row, is actually a random outlier - a measurement error. Fed Chair Jay Powell recently dismissed it as such.
New
2025.04.28 19:03DXY: Technical rebound on the daily charts - OCBC
Dollar Index (DXY) held on to recent gains amid relative calm (no fresh tariff angst). While tariff uncertainties linger, recent developments pointed to signs of de-escalation. DXY was last at 99.62 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.04.28 18:55Oil: Crude sees modest gains - ING
The oil market managed to trade marginally higher in the early morning today, with ICE Brent trading above $67/bbl, ING's commodity experts Ewa Manthey and Warren Patterson note.
New
2025.04.28 18:51EUR: The ECB is sounding pretty dovish - ING
The mood music coming from the European Central Bank (ECB) sounds pretty dovish, with some even happy to speculate over 50bp of rate cuts, ING's FX analyst Chris Turner notes.
New
2025.04.28 18:47Tariff policy risks empty shelves in the US - Commerzbank
The US president continues to insist that China's president recently called him. The Chinese side denies this. And the US Treasury Secretary also refuses to confirm it. We have long since entered a world in which a Chinese ministerial official can be trusted more than the US President.
New
2025.04.28 18:42Disclaimer:
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
