Here is what you need to know on Monday April 28:
The main pairs of currencies are negotiated in relatively narrow ranges early on Monday, after the very volatile action of the previous week. The American economic calendar will showcase a commercial manufacturing index for Dallas Fed for April on Monday. Later in the week, key growth and employment data of large economies will be closely monitored.
US dollar price the last 7 days
The table below shows the percentage of variation in the US dollar (USD) compared to the main currencies listed of the last 7 days. The US dollar was the strongest against the Swiss franc.
| USD | Eur | GBP | Jpy | Goujat | Aud | Nzd | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.43% | -0.02% | 1.18% | 0.19% | 0.02% | -0.22% | 1.66% | |
| Eur | -0.43% | -0.60% | 0.73% | -0.28% | -0.61% | -0.68% | 1.21% | |
| GBP | 0.02% | 0.60% | 1.51% | 0.34% | -0.01% | -0.07% | 1.82% | |
| Jpy | -1.18% | -0.73% | -1.51% | -0.98% | -1.29% | -1.27% | 0.50% | |
| Goujat | -0.19% | 0.28% | -0.34% | 0.98% | -0.30% | -0.42% | 1.49% | |
| Aud | -0.02% | 0.61% | 0.00% | 1.29% | 0.30% | -0.06% | 1.81% | |
| Nzd | 0.22% | 0.68% | 0.07% | 1.27% | 0.42% | 0.06% | 1.93% | |
| CHF | -1.66% | -1.21% | -1.82% | -0.50% | -1.49% | -1.81% | -1.93% |
The thermal map shows the percentage of variations in the main currencies against each other. The basic currency is chosen in the left column, while the quotes motto is chosen in the upper row. For example, if you choose the US dollar in the left column and move along the horizontal line to the Japanese yen, the percentage of variation displayed in the box will represent USD (base) / JPY (quote).
THE US dollar (USD) Index recorded small winnings last week and broke a sequence of three weeks of defeats. In the morning of European, the USD index is greater than 99.80, while the term contracts on the American stock market index are negotiated on a negative territory. The markets remain cautious to start the week in the middle of a lack of new developments highlighting a de-escalation of the American-Chinese trade conflict.
During the weekend, the Financial Times reported that the port of Los Angeles, the main entrance route for goods from China, expects to arrivals scheduled during the week from May 4, less than a year ago. Meanwhile, a spokesman for the Chinese Foreign Ministry noted on Monday that he had not engaged any commercial interview with the United States.
EUR / USD Fight to gain ground and exchanges in the red at around 1,1350 after the closing of the previously slightly lower week. Citing six familiar sources with the discussions, Reuters reported on Saturday that the European decision -makers of the Central Bank are increasingly confident about the reduction of key rates in June, but they see no reason to consider a drop of 50 basis (BPS).
GBP / USD Fluctuates in a narrow strip almost 1,3300 to start the European session on Monday.
USD / JPY Friday, increased by more than 0.7% and climbed over 144.00 for the first time in more than a week before correcting the drop before the weekend. The pair holds its ground on Monday and is negotiated comfortably above 143.50. Atsushi Mimura, Vice-Minister of the Vice-Finance of Japan for international affairs and senior foreign exchanges, said early Monday that he was “completely false” about the media report that the US Treasury Secretary, Scott Bessent, said that a stronger Japanese Yen was preferable.
Gold managed to finish the previous week above $ 3,300, but underwent a downward pressure renewed on Monday. XAU / USD was last seen to lose more than 1% on the day almost $ 3,280.
American-Chinese trade faq
In general, a trade war is an economic conflict between two or more countries due to extreme protectionism at one end. This implies the creation of commercial barriers, such as prices, which cause counter-barriers, an increase in import costs, and therefore the cost of living.
An economic conflict between the United States (United States) and China began in early 2018 when President Donald Trump set trade obstacles on China, claiming unfair commercial practices and an intellectual property flight from the Asian giant. China has taken reprisal measures, imposing prices on several American products, such as cars and soybeans. Tensions intensified until the two countries signed the US-China phase trade agreement in January 2020. The agreement required structural reforms and other changes to the economic and commercial regime of China and pretended to restore stability and confidence between the two nations. However, the coronavirus pandemic has focused on the conflict. However, it should be mentioned that President Joe Biden, who took office after Trump, maintained prices in place and even added additional samples.
Donald Trump's return to the White House as 47th American president sparked a new wave of tensions between the two countries. During the 2024 electoral campaign, Trump has committed to imposing prices of 60% on China once he became his functions, which he did on January 20, 2025. With Trump back, the American-Chinese trade war is supposed to resume the untrings in the global supply chains, resulting in a reduction in investment, in particular investments, and food consumption.
