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EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Friday, according to FXStreet data.
USD/CHF slumps to weakest level since September 2011 below 0.8200
After losing nearly 4% on the day on Thursday, USD/CHF continues to push lower on Friday and trades at its weakest level since September 2011 at around 0.8150.
ECB's Villeroy: Trump's economic and financial agenda is the wrong path
European Central Bank (ECB) policymaker and Bank of France head Francois Villeroy de Galhau said on Friday that US President Donald "Trump's economic and financial agenda is the wrong path."
Breaking: China raises additional tariffs on US goods to 125% from 84%
China's Finance Ministry announced on Friday that they will raise additional tariffs on US imports from 84% to 125%, per Reuters, from April 12.
Forex Today: US Dollar slumps to multi-year lows, Gold rallies to new record-high
Here is what you need to know on Friday, April 11:
EUR/USD extends gains as EU suspends retaliatory tariffs on US goods
The EUR/USD pair remains firm near 1.1350 after retreating from 1.1385, the highest since February 2022, during the early European trading hours on Friday.
China's President Xi: There is no winner in a tariff war
Following his meeting with Spanish Prime Minister Pedro Sanchez on Friday, Chinese President Xi Jinping said that "there is no winner in a tariff war."
India Gold price today: Gold keeps rallying on increased haven demand
The buying interest around Gold price in India remains unabated on Friday as Comex Gold (XAU/USD) price hangs close to record highs of $3,220.
US Dollar Index Price Forecast: Hovers near descending channel's lower boundary at 100.50
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, continues its decline for the second consecutive session, hovering around 100.40 during Friday's Asian trading hours.
UK GDP rebounds 0.5% MoM in February vs. 0.1% expected
The UK economy expanded in February, with the Gross Domestic Product (GDP) rebounding 0.5% after declining 0.1% in January, the latest data published by the Office for National Statistics (ONS) showed on Friday. The market forecast was for a 0.1% growth in the reported period.
USD/CAD Price Forecast: Outlook remains bearish below 1.4000
The USD/CAD pair remains weak near 1.3965 during the early European session on Friday. The Greenback edges lower against the Canadian Dollar (CAD) amid persistent concerns over the global and US economies.
FX option expiries for Apr 11 NY cut
FX option expiries for Apr 11 NY cut at 10:00 Eastern Time via DTCC can be found below.
NZD/USD holds positive ground above 0.5750 amid US-China trade war worries
The NZD/USD pair holds positive ground near 0.5770 after reaching the daily high of 0.5800 during the Asian trading hours on Friday. The uptick of the pair is bolstered by broad US Dollar (USD) weakness amid persistent economic concerns due to escalating tariff tensions.
EUR/USD appreciates to near 1.1350 as the EU suspends tariffs on US imports
EUR/USD extends its gains for the second successive day, trading near 1.1350 during Friday's Asian session. The Euro (EUR) strengthened after the European Union (EU) announced a 90-day pause on new 25% tariffs on the United States (US), aiming to create space for trade negotiations.
US Commerce Secretary Lutnick: Committed to exploding the US economy
US Commerce Secretary Howard Lutnick took to the social media platform X to say that "the Golden Age is coming. We are committed to protecting our interest, engaging in global negotiations and exploding our economy."
GBP/USD rises to near 1.3050 as US Dollar remains tepid ahead of PPI data
GBP/USD is on track for its fourth consecutive daily gain, trading near 1.3030 during Friday's Asian session. The pair continues to strengthen as the US Dollar loses ground amid lingering concerns over both the global and US economies.
USD/INR weakens amid escalating trade war tensions
The Indian Rupee (INR) strengthens on Friday. US President Donald Trump's move to temporarily lower tariffs on many countries provides some support to the local currency.
PBOC: Discussed impact of US tariffs in the ASEAN meeting
The People's Bank of China (PBOC) released a statement on Friday, citing that China's deputy central bank governor attended the ASEAN and China, Japan and South Korea finance and central bank deputies meeting on April 8 and 9.
USD/JPY tumbles to near 143.50 amid tariff worries
The USD/JPY pair extends its downside to around 143.55 during the Asian trading hours on Friday, pressured by the weaker US Dollar (USD).
Australian Dollar extends gains despite increased risk sentiment
The Australian Dollar (AUD) extends its gains for the third successive session against the US Dollar (USD) on Friday. However, the upside of the AUD/USD pair could be restrained as the White House confirmed that the cumulative US tariffs on Chinese goods have risen to 145%.
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