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Australian Dollar extends recovery as USD slides toward multi-year lows
The Australian Dollar (AUD) is strengthening on Friday, with the pair moving near the 0.6280 zone during the American session.
AUD/JPY Price Analysis: Gains capped near key resistance as bearish backdrop persists
The AUD/JPY pair posted a mild advance on Friday's session, moving toward the 90.30 zone after notching a gain of over 0.30%.
Canadian Dollar gains further ground as market flows continue to reverse
The Canadian Dollar (CAD) rose on Friday, jumping two-thirds of a percent against the US Dollar as global market flows continue to reverse out of the safe haven Greenback.
US Dollar sinks as confidence plunges and inflation outlook clouds
The US Dollar Index (DXY) continued to slide in Friday's session, falling near the 100 area after setting a new three-year low earlier in the day.
Fed's Collins: Fed is prepared to use tools as needed, but rate cuts may not be appropriate
Federal Reserve (Fed) Bank of Boston President Susan Collins noted that the Fed has multiple monetary policy tools available and at its disposal should market conditions require them, but the Fed policymaker used the opportunity to push against the idea of the Fed using rate cuts first.
White House: Tariff rate on China remains at 145%
White House press secretary Karoline Leavitt reported that US President Donald Trump was optimistic about securing a trade deal with China, despite the escalating trade war between the two economic giants that had been battering markets.
EUR/USD Price Analysis: Bulls push toward fresh highs as pair trades above the 1.1300 zone
The EUR/USD pair extended its rally on Friday, rising sharply and moving near the 1.1300 zone after the European session. With the pair positioned mid-range between 1.11873 and 1.14736, bulls remain in control, pushing toward new highs for the year amid renewed risk appetite.
GBP/USD rallies past 1.3000 as China escalates trade-war with US
The Pound Sterling extends its gains versus the US Dollar as the US-Sino trade war escalates, with China imposing 125% tariffs on US goods. Trade policies continue to drive price action, with economic data taking a backseat. At the time of writing, the GBP/USD trades at 1.3067, up 0.77%.
Fed's Williams: Tariffs will boost inflation to 3.5-4% this year
Federal Reserve Bank of New York President John Williams noted on Friday that he overwhelmingly anticipates a general weakening in US economic data as tariffs continue to take root.
Fed's Musalem : Expect growth this year lower than trend
St. Louis Federal Reserve President Alberto Musalem said on Friday that he expects the economic growth this year to be lower than the trend, per Reuters.
Fed's Musalem: There is more work to do on inflation
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US UoM Consumer Sentiment Index drops to 50.8 in April vs. 54.5 expected
Consumer confidence in the US continued to deteriorate in April, with the University of Michigan's (UoM) Consumer Sentiment Index dropping to 50.8 in the flash estimate from 57 in March. This reading came in worse than the market expectation of 54.5.
USD safe haven status under pressure - Rabobank
The US dollar's role as a global safe haven is being challenged amid rising budget deficits and trade tensions.
Fed's Collins: The Fed will need to hold steady for longer
During an interview with Yahoo Finance on Friday, Federal Reserve Bank of Boston President Susan Collins noted that even amidst intense pressure, financial markets seem to be weathering the storm.
GBP advance lags core peers - Scotiabank
Pound Sterling (GBP) is firmer on the day but has struggled to keep up with its core G10 peers over the week, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR surges to 1.14 before consolidating - Scotiabank
The Euro (EUR) tested the upper 1.08s Monday and traded to a three-year high above 1.14 earlier. It is notable that the EUR surge is happening against a backdrop of widening EZ/US spreads which would ordinarily be a negative factor for the EUR, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD/JPY drops to seven-month lows near 142.00
USD/JPY adds to the pessimism seen in the latter part of the week and recedes to the 142.00 region on Friday, an area last seen in late September.
CAD grinds higher versus a weaker USD - Scotiabank
The Canadian Dollar (CAD) is getting pulled along with the broader sell-off in the USD and is notching up another decent weekly gain--its fourth on the trot and the largest since late 2022.
USD slide extends to a three-year low - Scotiabank
'Transition problems' with US Tariffs continue. The US Dollar (USD) is getting trashed.
US annual PPI inflation softens to 2.7% in March vs. 3.3% expected
The Producer Price Index (PPI) for final demand in the US rose 2.7% on a yearly basis in March, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed the 3.2% increase recorded in February and came in below the market expectation of 3.3%.
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