What you need to take care of on Friday, May 2:
The escalation optimism of the global trade conflict helped US dollars (USD) despite frustrating data publications. US President Donald Trump announced that there are fights with South Korea, Japan and India. He also claimed that there was a very good opportunity to conclude an agreement with China, adding that the Beijing Pact must be in the US. At the same time, Beijing's supported point of sale on Thursday said that US officials had contacted their Chinese counterparts to interviews. The tensions between China and the US are persistent, but optimism led on Thursday's price.
US Dollar Price Today
The table below shows the percentage of the US dollar (USD) on the main currencies listed today. The US dollar was the strongest against Japanese yen.
| Dollar | EUR | Gbp | Jpy | Kadi | Audio | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| Dollar | 0.41% | 0.50% | 1.73% | 0.43% | 0.44% | 0.58% | 0.64% | |
| EUR | -0.41% | 0.08% | 1.31% | -0.01% | 0.02% | 0.17% | 0.21% | |
| Gbp | -0.50% | -0.08% | 1.22% | -0.07% | -0.06% | 0.08% | 0.12% | |
| Jpy | -1.73% | -1.31% | -1.22% | -1.30% | -1.27% | -1.18% | -1.15% | |
| Kadi | -0.43% | 0.01% | 0.07% | 1.30% | 0.02% | 0.15% | 0.19% | |
| Audio | -0.44% | -0.02% | 0.06% | 1.27% | -0.02% | 0.14% | 0.19% | |
| Nzd | -0.58% | -0.17% | -0.08% | 1.18% | -0.15% | -0.14% | 0.04% | |
| Chf | -0.64% | -0.21% | -0.12% | 1.15% | -0.19% | -0.19% | -0.04% |
The heat card shows the percentage of the main currencies relative to each other. The basic currency is selected from the left column, but the quote currency is selected from the upper row. For example, if you select the US dollar left column and move the horizontal line to the Japanese yen, the percentage change in the box marks the USD (base)/JPY (quote).
Mexican President Claudia Sheinbaum hit the wires, saying that he had a very positive conversation with US President Donald Trump, adding that they would continue trade in the coming days. Trump also claimed that US Treasury secretary Scott Bessent is negotiating with 200 nationalities and “he has no life” if you are involved in trade negotiations.
Wall Street extended its latest recovery in thin market conditions and major indices are cutting down from tariffs to cuts.
Japanese Bank (BOJ) announced its decision on monetary policy at the beginning of Wednesday, keeping the short-term interest rate unchanged in the range of 0.40%- 0.50%, as widely expected. Boji governor Kazuo Ueda then offered a press conference, noting that trade policy uncertainty increased sharply under officials' decisions. The central bank hopes that the economy and prices will be predictably moving according to prices. Finally, he added that they expect inflation to cool due to tariffs and slow global growth. Japanese yen weakened with news, USD/JPY extended profits beyond 145.50.
US data were mixed: on the one hand, the initial unemployed requirements of the week ended on April 26, much worse than 224K for 223K, increased. On the other hand, ISM released the April Production Manager Index (PMI), which was 49 in March to 48.7, exceeding 48 market expectations.
The United States will publish the Farm's Payroll (NFP) report on Friday. It is expected that the country has added 130,000 new jobs in April, while the unemployment rate is set to 4.2%without changing March. However, employment -related data before the NFP report suggests soft reading, which can eventually consider USD.
EUR/USD lost 1.1300, while the GBP/USD was about 1.3260. The currencies related to the goods were also lower, despite the positive tone of Wall Street. AUD/USD was relieved of 0.6360 and USD/CAD in the 1,3850 region before Friday opening.
US-China Trade War of Trade War
In general, the trade war is an economic conflict between two or more countries due to one end of the extreme protectionism. This requires the creation of trade barriers, such as tariffs, resulting in counterattacks, increasing import costs and thus the cost of living.
The economic conflict between the United States (USA) and China began in early 2018, when President Donald Trump erected trade barriers to China, demanding unfair commercial practices and intellectual property theft of the Asian giant. China took durable measures by introducing tariffs for several US goods, such as cars and soybeans. The tensions escalated until two countries signed the US-China trade trade transaction in January 2020. The Agreement required structural reforms and other changes in China's economic and trade regime and pretended to restore the stability and trust of the two countries. However, the coronavirus pandemic took the concentration of the conflict. But it is worth noting that after Trump's office, President Joe Biden held the tariffs in his place and even added additional fees.
Donald Trump's return to the White House, as the US 47 president has created a fresh voltage wave between two countries. During the 2024 election campaign, Trump promised to introduce 60% of the tariffs after returning to China, which he made on January 20, 2025. Trump. The US-China Trade War is intended to continue where it was left and with a tati policy that affects the global economic landscape with global delivery, spent to reduce information about investment in terms of investment.
