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Pound Sterling clings to gains against US Dollar as US economy faces shockwaves
The Pound Sterling (GBP) holds onto Thursday's gains above 1.3000 against the US Dollar (USD) during European trading hours on Friday.
Forex Today: US Dollar selloff pauses ahead of NFP, Powell speech
Here is what you need to know on Friday, April 4:
EUR/INR today: Indian Rupee cross rates down at the start of the European session
Indian Rupee (INR) crosses trade with a negative bias at the start of Friday, according to FXStreet data.
USD/CHF slumps to near 0.8550 amid Trump tariff uncertainty, US NFP data in focus
The USD/CHF pair attracts some sellers to around 0.8550 during the early European session on Friday, pressured by the weaker US Dollar (USD). The Swiss Franc (CHF) gathers strength against the Greenback amid an increased risk-off mood by investors.
FX option expiries for Apr 4 NY cut
FX option expiries for Apr 4 NY cut at 10:00 Eastern Time via DTCC can be found below.
German Factory Orders arrives at 0% MoM in February vs. 3.5% expected
The official data published by the Federal Statistics Office showed Friday that Germany's Factory Orders showed no growth in February, suggesting that the country's manufacturing sector is stagnating.
EUR/USD rises above 1.1050 ahead of US NFP release
The EUR/USD pair trades in positive territory for the third consecutive day around 1.1080 during the early European session on Friday bolstered by the broader US Dollar weakness. Investors await the German Factory Orders and US employment report, which will be published later on Friday.
India Gold price today: Gold extends profit-taking decline ahead of US NFP, Powell
After the overnight corrective pullback in Comex Gold from all-time highs, Gold price in India also follows suit on Friday.
NZD/USD tumbles below 0.5750 amid US-China trade tensions, RBNZ rate cut bets
The NZD/USD pair falls to near 0.5720 during the early European session on Friday. The fears of an escalation of a trade war between the United States (US) and China exert some selling pressure on the China-proxy Kiwi.
Nonfarm Payrolls forecast: US job growth set to ease in March amid economic uncertainty
The all-important United States (US) Nonfarm Payrolls (NFP) data for March will be released by the Bureau of Labor Statistics (BLS) on Friday at 12:30 GMT.
AUD/USD plummets below mid-0.6200s as trade-war fears lift RBA rate cut bets
The AUD/USD pair comes under intense selling pressure during the Asian session on Friday and retreats further from a nearly three-week high, around the 0.6400 neighborhood touched the previous day.
Gold price hovers $3,100; bullish bias remains ahead of US NFP report
Gold price (XAU/USD) struggles to capitalize on the previous day's late rebound from the $3,054 area, or a one-week low, and attracts fresh sellers during the Asian session on Friday.
USD/CAD hangs near multi-month low, below 1.4100 ahead of US/Canadian jobs data
The USD/CAD pair remains under some selling pressure for the fourth straight day on Friday and currently trades around the 1.4070 area, down 0.15% for the day.
USD/INR holds steady as traders brace for US NFP release
The Indian Rupee (INR) trades flat on Friday after gaining in the previous session. A robust recovery in local equities could provide some support to the Indian currency.
Japanese Yen seems poised to appreciate further amid a global meltdown
The Japanese Yen (JPY) edges lower during the Asian session on Friday amid worries about the potential economic fallout from US President Donald Trump's reciprocal tariffs.
BoJ's Ueda says US tariffs likely to exert downward pressure on Japan, global economies
Bank of Japan Governor Kazuo Ueda said early Friday that US tariffs are likely to exert downward pressure on Japan and the global economies.
AUD/USD posts modest gains above 0.6300 as Trump tariffs fuel recession fears
The AUD/USD pair edges higher to around 0.6330 during the early Asian session on Friday. The US Dollar (USD) weakens against the Australian Dollar (AUD) as US President Donald Trump's fresh trade tariffs stoke fears of a global recession.
BoJ's Uchida says will raise rates if inflation rises and economy improves
Bank of Japan Deputy Governor Shinichi Uchida said on Friday that the central bank will raise interest rates if underlying inflation heightens against the background of continued improvements in the economy.
Japan's Kato concerns about tariffs impact on economies
Japan's Finance Minister Shunichi Kato said late Thursday that he is concerned about US tariffs that will impact the Japanese economy and could have a significant impact on trade systems. However, Kato does not comment on foreign exchange.
Trump administration sued over Chinese import tariffs - Reuters
New Civil Liberties Alliance, a conservative legal group, on Thursday filed what it said was the first lawsuit seeking to block US President Donald Trump's tariffs on Chinese imports, claiming that the president overstepped his authority, per Reuters.
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