Created
: 2025.04.29
- 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: US Dollar holds ground following Monday's choppy action
World FX news
Breaking news
Forex Today: US Dollar holds ground following Monday's choppy action
New
2025.04.29 16:04
2025.04.29 16:04
2025.04.29 16:04
Here is what you need to know on Tuesday, April 29:
The US Dollar (USD) stays resilient against its rivals early Tuesday after struggling to find demand on Monday. The European economic calendar will feature business and consumer sentiment data for April. Later in the day, Goods Trade Balance and JOLTS Job Openings data for March, alongside the Conference Board Consumer Confidence Index data for April, from the US will be watched closely by market participants.
US Dollar PRICE This week
The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the weakest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.24% | -0.72% | -0.80% | -0.18% | -0.35% | -0.09% | -0.74% | |
| EUR | 0.24% | -0.53% | -0.57% | 0.05% | -0.21% | 0.15% | -0.53% | |
| GBP | 0.72% | 0.53% | -0.04% | 0.60% | 0.31% | 0.69% | 0.02% | |
| JPY | 0.80% | 0.57% | 0.04% | 0.64% | 0.47% | -0.70% | 0.32% | |
| CAD | 0.18% | -0.05% | -0.60% | -0.64% | -0.30% | 0.09% | -0.57% | |
| AUD | 0.35% | 0.21% | -0.31% | -0.47% | 0.30% | 0.37% | -0.31% | |
| NZD | 0.09% | -0.15% | -0.69% | 0.70% | -0.09% | -0.37% | -0.67% | |
| CHF | 0.74% | 0.53% | -0.02% | -0.32% | 0.57% | 0.31% | 0.67% |
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).
US Treasury Secretary Scott Bessent said late Monday that the US government is in contact with China but added that it's up to Beijing to take the first step in de-escalation, due to the imbalance of trade between the two nations. Early Tuesday, Chinese Foreign Minister Wang Yi said that concession and retreat will only make the bully more aggressive but noted that dialogue can help resolve differences. After losing more than 0.6% on Monday, the USD Index clings to small gains above 99.00 in the European session on Tuesday. Meanwhile, US stock index futures trade marginally higher following the mixed performance seen in Wall Street's main indexes at the beginning of the week.
Canada's public broadcaster CBC News projected that Mark Carney's Liberal Party was on its way to win enough seats in the House of Commons to form a government. In his first public address, Canadian Prime Minister Carney said that he will sit down with US President Donald Trump to discuss future economic and security ties between the two sovereign nations. After closing marginally lower on Monday, USD/CAD fluctuates in a tight channel at around 1.3850 early Tuesday.
EUR/USD gained traction in the second half of the day on Monday and closed the day above 1.1400. The pair edges lower in the European morning on Tuesday and trades near 1.1380. The data from Germany showed earlier in the day that the GfK Consumer Confidence Index improved to -20.6 in May from -24.3 in April.
GBP/USD gathered bullish momentum and climbed to its highest level since March 2022 near 1.3450 on Monday. The pair corrects lower to start the European session but holds above 1.3400.
USD/JPY stages a rebound and trades in positive territory near 142.30 after losing more than 1% on Monday.
After falling below $3,270 during the European trading hours on Monday, Gold reversed its direction and ended the day in positive territory above $3,340. XAU/USD stays on the back foot early Tuesday and trades below $3,320.
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
: 2025.04.29
Related articles
US Treasury Sec. Bessent: Trump creating strategic uncertainty in negotiations
34 minutes agoJPY underperforming along with haven peer CHF - Scotiabank
2025.04.29 20:27GBP fades modestly from fresh multiyear high - Scotiabank
2025.04.29 20:24EUR: ECB CPI expectations surprise w/ markets still pricing June cut - Scotiabank
2025.04.29 20:21Silver Price Forecast: XAG/USD rises to near $33.30, capitalizes on US-China trade uncertainty
2025.04.29 20:19CAD steady despite election delivering another minority government - Scotiabank
2025.04.29 20:17
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
US Treasury Sec. Bessent: Trump creating strategic uncertainty in negotiations
United States (US) Treasury Secretary Scott Bessent said on Tuesday that President Donald Trump is creating "strategic uncertainty" in trade negotiations, per Reuters.
New
2025.04.29 22:01JPY underperforming along with haven peer CHF - Scotiabank
The Japanese Yen (JPY) weakened by 0.5% against the dollar, underperforming even fellow haven currencies, as markets brace for soft domestic data and upcoming US-Japan trade negotiations.
New
2025.04.29 20:27GBP fades modestly from fresh multiyear high - Scotiabank
Pound Sterling (GBP) soft, down 0.3% against the US Dollar (USD) and trading in tandem with EUR in an environment of broad-based USD strength, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.04.29 20:24EUR: ECB CPI expectations surprise w/ markets still pricing June cut - Scotiabank
Euro (EUR) is soft, down 0.3% against the US Dollar (USD) and a mid-performer among the G10 in an environment of broad-based USD strength, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.04.29 20:21Silver Price Forecast: XAG/USD rises to near $33.30, capitalizes on US-China trade uncertainty
Silver price (XAG/USD) trades higher to near $33.30 during European trading hours on Tuesday. The white metal gains as investors start doubting whether de-escalation in the trade war between the United States (US) and China is underway.
New
2025.04.29 20:19CAD steady despite election delivering another minority government - Scotiabank
The Canadian election results brought disappointment for pretty much everyone--the Liberals won, but are short of a majority, the Conservatives saw a jump in popular support but their leader failed to hold his own riding while both the NDP and Bloc lost heavily, Scotiabank's Chief FX Strategist Shaun
New
2025.04.29 20:17AUD/USD retreats after failing to hold multi-month high - BBH
AUD/USD trimmed gains after testing resistance near 0.6450, as market attention shifts to upcoming Q1 CPI data.
New
2025.04.29 20:15US Dollar steady as markets try to read through tariffs and US data
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, edges slightly higher and trades at 99.20 at the time of writing on Tuesday.
New
2025.04.29 20:14USD edges firmer on the day - Scotiabank
The USD is tracking a little higher on the day so far, reversing some of yesterday's losses, following news that President Trump will make some concessions on auto tariffs due to come into effect on May 3rd.
New
2025.04.29 20:13GBP/USD pulls back after multi-month high - BBH
GBP/USD slipped from recent highs as UK retail price data confirmed ongoing deflation in shop prices, despite a pickup in food inflation.
New
2025.04.29 20:09Disclaimer:
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
