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AUD/JPY Price Analysis: Heavy losses drag pair near 88.60 as bearish momentum accelerates
The AUD/JPY pair tumbled aggressively on Friday, retreating toward the 88.60 area after shedding over 4% during the day. The move represents one of the steepest intraday declines in recent sessions, dragging the pair away from the recent highs and into a mid-range zone between 87.41 and 92.64.
Mexican Peso plunges as US-China trade war escalates, Powell pushes back on rate cuts
The Mexican Peso (MXN) depreciates sharply against the US Dollar (USD) on Friday, erasing Thursday's gains, which drove the exchange rate below the crucial 20.00 figure towards testing the 200-day Simple Moving Average (SMA) at 19.78.
US Dollar lifted by Nonfarm Payrolls surprise and Powell's cautious stance
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, rises on Friday and is trading near the 103 area following a stronger-than-anticipated Nonfarm Payrolls report.
EUR/USD cycles 1.10 after Powell pushes back on rate cut bets
EUR/USD churned near 1.1000 on Friday, sticking mostly flat as exhausted markets were greeted by an overly-cautious Federal Reserve (Fed) Chair Powell, who warned that inflation and recession risks thanks to tariffs will make it less, not more, likely that the Fed will cut rates sooner.
EUR/USD with losses on Powell's words, bulls take a breather
During Friday's session following the European close, the EUR/USD pair slipped back toward the 1.1000 area, surrendering part of its early-week strength.
Breaking: Fed Chairman Powell says Trump tariffs risk higher inflation, slower growth
Federal Reserve (Fed) Chairman Jerome Powell said on Friday that US President Donald Trump's tariffs are bigger than expected, and they risk higher inflation and slower growth, while delivering his prepared speech at the annual conference for the Society for Advancing Business Editing and Writing on
GBP/USD plunges below 1.2950 on risk aversion
The Pound Sterling tumbles sharply against the US Dollar, falling more than 1% on Friday as risk appetite deteriorates after China imposed tariffs on US goods, which triggered a reaction from US President Donald Trump.
WTI tanks almost 8% as Trump tariffs stoke global economic risks
West Texas Intermediate (WTI), futures on NYMEX, continues to face a bloodbath as the announcement of reciprocal tariffs by United States (US) President Donald Trump has prompted global economic risks.
USD/CAD gains further to near 1.4240 after US/Canada employment data
The USD/CAD pair extends its upside to near 1.4240 during North American trading hours on Friday. The Loonie pair strengthens as the Canadian Dollar (CAD) falls further after the release of the downbeat employment data for March.
GBP losses steady around 1.30 - Scotiabank
Pound Sterling (GBP) is weak, down a meaningful 0.8% vs. the USD while still trading relatively well vs.
EUR/USD consolidates around 1.10 - Scotiabank
Euro (EUR) is soft, down 0.4% vs. the US Dollar (USD) and trading back around the 1.10 level with a modest fade of Thursday's impressive rally, Scotiabank's Chief FX Strategist Shaun Osborne notes.
CAD gives up some gains on weak risk mood - Scotiabank
The Canadian Dollar (CAD) is softer, losing ground against a generally stronger USD, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD recovers but sentiment remains weak - Scotiabank
The impact of this week's US tariff announcement continues to reverberate around global markets. Stocks continue to weaken, havens - bonds - remain strongly bid.
Canada Unemployment Rate edged higher to 6.7% in March
The Unemployment Rate in Canada edged higher to 6.7% in March from 6.6% in February, Statistics Canada reported on Friday. This reading came in line with the market expectation.
AUD/USD nosedives to near 0.6050 as RBA dovish bets swell dramatically
The AUD/USD pair tanks more than 3.5% below 0.6100 during early North American trading hours on Friday.
China Finance Ministry: Will impose additional 34% tariffs on all US goods from April 10
China's Finance Ministry announced on Friday that they will impose additional tariffs of 34% on all US imports from April 10 in response to US President Donald Trump's latest tariff announcements, per Reuters.
USD/JPY: Below 145.00, further decline is likely- UOB Group
US Dollar (USD) is likely to trade in a 145.20/147.50 range vs Japanese Yen (JPY). In the longer run, too early to expect weakness to stabilise, but USD must break and hold below 145.00 before further decline is likely, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR/GBP: Above 0.8510/0.8530, a larger upside is likely - Societe Generale
EUR/GBP has crossed above the 200-DMA resulting in a steep up move, Societe Generale's FX analysts report.
NZD/USD must close above 0.5850 for further sustained rise - UOB Group
New Zealand Dollar (NZD) is likely to trade in a range between 0.5720 and 0.5850 vs US Dollar (USD). In the longer run, for further sustained rise, NZD must close above 0.5850, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
US Dollar recovers some of previous losses with all eyes on NFP and Powell speech
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trying to recover while trading around 102.50 at the time of writing on Friday. The dust is settling on United States (US) President Donald Trump's reciprocal tariffs.
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