Here's what you need to know on Friday, April 25:
Following Thursday's denial, the US Dollar (USD) gathers strength against rivals this Friday as markets assess the latest headlines surrounding US-China trade relations. Statistics Canada will release retail sale data for February later in the day and the University of Michigan will publish changes in the consumer sentiment index for April.
US dollar price this week
The table below shows the percentage change of the US Dollar (USD) against the listed major currencies this week. The US dollar is the strongest against Swiss Franc.
| USD | EUR | Gbp | Jpy | Cad | Aud | Nzd | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.40% | -0.03% | 0.96% | 0.16% | -0.32% | -0.69% | 1.84% | |
| EUR | -0.40% | -0.57% | 0.55% | -0.28% | -0.91% | -1.12% | 1.41% | |
| Gbp | 0.03% | 0.57% | 1.30% | 0.31% | -0.33% | -0.55% | 2.00% | |
| Jpy | -0.96% | -0.55% | -1.30% | -0.80% | -1.40% | -1.53% | 0.89% | |
| Cad | -0.16% | 0.28% | -0.31% | 0.80% | -0.61% | -0.86% | 1.70% | |
| Aud | 0.32% | 0.91% | 0.33% | 1.40% | 0.61% | -0.20% | 2.34% | |
| Nzd | 0.69% | 1.12% | 0.55% | 1.53% | 0.86% | 0.20% | 2.58% | |
| CHF | -1.84% | -1.41% | -2.00% | -0.89% | -1.70% | -2.34% | -2.58% |
The heat map shows the percentage change of basic currencies against each other. The base currency is taken from the left column, while the quote currency is taken from the top row. For example, if you choose the US dollar from the left column and move to the horizontal line with the Japanese Yen, the percentage shown in the box represents the USD (base)/jpy (quote).
After losing 0.5% on Thursday, the edges of the USD index were up to 100.00 in Europe's morning on Friday. President United States (US) Donald Trump confirmed Thursday that a meeting with Chinese officials took place earlier in the day. In addition, Bloomberg reports, citing resources familiar with this matter, that China slows down suspension of its 125% tariff in some US imports including medical equipment, Ethane, while discussing tariff decline for airplane leasing. US stock futures rose between 0.1% and 0.5% on Europe's morning on Friday after Wall Street's major indexes were registered by strong acquisitions on Thursday.
Following a Politburo meeting held on Friday, China noted that they would cut off the ratio of the required reserve (RRR) and interest rates in a timely manner. Meanwhile, People's Bank of China (PBOC) Pan Gongsheng said they will implement moderate and loose financial policy to promote China's economic growth. After rising about 0.8% on Thursday, AUD/USD Staying at a inclusion -with the stage around 0.6400 in Europe's morning on Friday.
Bloomberg News reported on Thursday that the European Central Bank (ECB) is preparing to change this financial framework policy to allow more agile responses to price shocks amidst the mounting of global volatility. EUR/USD The struggles to keep its foot and trade in negative territory around 1.1350 to start the European session.
The UK office for national statistics announced Friday that retail sales rose 0.4% on a monthly basis in March. This reading followed the 0.7% increase recorded in February and came better than the market for a decline of 0.4%. GBP/USD Particularly ignored these numbers and last seen lost more than 0.2% in the day around 1.3300.
Following a sharp two -day decline, Gold Has a rebound and gained about 2% on Thursday. Improving the risk of condition, however, caused the XAU/USD to be south again on the last day of the week's trade. At the time of press, the pair tests $ 3,300, losing more than 1% in the day.
USD/JPY Gets more than 0.6% in the day and trade at its highest level at 10 days near 143.50 in Europe's morning. Bank of Japan (BOJ) Governor Kazuo Ueda again said on Thursday that the central Japanese bank will continue to raise interest rates if the underlying inflation is arguing with a 2% target inflation as expected.
US-China Trade War Faqs
In general, a trade war is an economic conflict between two or more countries due to intense protectionism at one end. This indicates the creation of trade barriers, such as tariffs, resulting in counter-barriers, increasing import costs, and therefore 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 in China, claiming unfair commercial skills and theft of intellectual ownership from the Asian giant. China has taken revenge action, which imposes tariffs on many US goods, such as vehicles and soybeans. The tension increased until the two countries signed the US-China Phase One Trade Deal in January 2020. The agreement required structural reforms and other changes to the Chinese economic and trade regime and pretended to restore stability and trust between the two countries. However, the coronavirus pandemic took the focus on chaos. However, it is worth mentioning that President Joe Biden, who was in office after Trump, kept the tariffs in the area and added some additional levies.
Donald Trump's return to the White House while the 47th US president caused a fresh wave of tension between the two countries. During the 2024 election campaign, Trump promised to impose 60% tariffs in China once he returned to the office, which he made on January 20, 2025. By Trump back, the US-China trade war was intended to continue where it was left, with title policies of title affecting the global economic landscape among the interruptions Global supply chain, resulting in a reduction in spending, specific investment, and direct feeding to consumer index prices.
