Chronologiczny zapis wiadomości forex

11:14 SNB's Schlegel: Economic slowdown in Switzerland cannot be ruled out
Swiss National Bank (SNB) Chairman Martin Schlegel warned on Friday that an “economic slowdown in Switzerland cannot be ruled out.”

10:31 ECB’s Holzmann: Next policy steps are completely open
European Central Bank (ECB) policymaker Robert Holzmann said on Friday that “next policy steps are completely open.”

10:30 Silver Price Forecast: XAG/USD slips below $33.50 due to easing US-China trade concerns
Silver price (XAG/USD) inches lower following two days of gains, trading around $33.40 per troy ounce during the European hours on Friday. The metal’s safe-haven appeal weakens as reports emerge suggesting China may lift tariffs on certain US imports.

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The metal’s safe-haven appeal weakens as reports emerge suggesting China may lift tariffs on certain US imports.According to Bloomberg, China is considering suspending its 125% tariffs on select American goods, including medical equipment, ethane, and aircraft leasing. Sources indicate that Chinese officials are particularly focused on waiving tariffs for aircraft leases. However, neither China’s Ministry of Finance nor the General Administration of Customs has made any official statements.The US Dollar (USD) gains traction on optimism surrounding trade negotiations, making dollar-denominated Silver less attractive to traders with foreign currencies. Reuters reported early progress in US trade talks with key Asian allies like South Korea and Japan, further supporting the Greenback.Despite the recent dip, Silver prices could recover if the US, under the Trump administration, chooses to lower tariffs on Chinese goods, contingent on the progress of potential negotiations. China has shown a willingness to engage in dialogue. As silver is a crucial component in industries such as electronics, solar energy, and automotive manufacturing, any improvement in US-China trade relations could boost demand for the metal.Michael Hart, President of the American Chamber of Commerce in China, welcomed the news of both countries reviewing tariffs. Hart noted that while discussions around exclusion lists for specific product categories are underway, no official policies have been released. Both the Chinese Ministry of Commerce and the US Department of Commerce are currently gathering stakeholder input. Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets. Which factors influence Silver prices? Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices. How does industrial demand affect Silver prices? Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices. How do Silver prices react to Gold’s moves? Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

10:29 Pound Sterling attracts bids on upbeat UK Retail Sales data
The Pound Sterling (GBP) bounces back against its major peers on Friday after the release of surprisingly positive United Kingdom (UK) Retail Sales data for March.

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The Office for National Statistics (ONS) has reported that retail sales, a key measure of consumer spending, rose by 0.4% month-on-month, while economists had anticipated a 0.4% decline. In February, the consumer spending measure grew by 0.7%, revised lower from 1%.Year-on-year Retail Sales surprisingly grew at a faster pace of 2.6% compared to the prior release of 2.2% and the moderate pace of 1.8% expected.Theoretically, upbeat UK Retail Sales data force traders to pare bets favoring an expansionary monetary policy stance by the Bank of England (BoE). However, traders are increasingly confident that the BoE will reduce interest rates by 25 basis points (bps) to 4.25% in the May policy meeting.Severe uncertainty over the global economic outlook in the face of tariffs announced by United States (US) President Donald Trump earlier this month and slower-than-expected Consumer Price Index (CPI) data for March are major catalysts behind firm BoE dovish bets.BoE Governor Andrew Bailey warned that “tariffs” announced by the US and “countermeasures” by other nations are expected to bring “shockwaves” to the UK economic growth, while talking to CNBC television on the sidelines of the International Monetary Fund’s Spring Meetings in Washington. However, Bailey ruled out the possibility of a recession. "I don’t think the UK economy is close to recession at the moment," Bailey said. On Wednesday, he stressed the need to consider trade war risk. "We do have to take very seriously the risk to growth, Bailey said.Meanwhile, investors look for trade negotiations between UK Chancellor of the Exchequer Rachel Reeves and Washington on Friday. Ahead of negotiations, Reeves said at US television outlet Newsmax on Thursday that she is confident they can “strike a deal”. British Pound PRICE Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.23% 0.25% 0.49% 0.12% 0.17% 0.35% 0.40% EUR -0.23% 0.02% 0.24% -0.13% -0.07% 0.12% 0.16% GBP -0.25% -0.02% 0.21% -0.14% -0.08% 0.09% 0.11% JPY -0.49% -0.24% -0.21% -0.36% -0.33% -0.16% -0.12% CAD -0.12% 0.13% 0.14% 0.36% -0.04% 0.23% 0.25% AUD -0.17% 0.07% 0.08% 0.33% 0.04% 0.19% 0.20% NZD -0.35% -0.12% -0.09% 0.16% -0.23% -0.19% 0.01% CHF -0.40% -0.16% -0.11% 0.12% -0.25% -0.20% -0.01% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote). Daily digest market movers: Pound Sterling aims for firm-footing against US DollarThe Pound Sterling strives to gain ground near the intraday low of 1.3280 against the US Dollar (USD) during European trading hours after the release of the upbeat UK Retail Sales data. However, the GBP/USD pair is still down almost 0.3% as the US Dollar (USD) is outperforming on hopes of a de-escalation in the US-China trade war.The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, rebounds to near 99.70 after a steep correction on Thursday. Fears of a spiralling trade war between the world’s two largest powerhouses started diminishing after the White House indicated that a deal could be done and signaled that both nations could reduce tariffs before coming to the table.US Treasury Secretary Scott Bessent stated on Wednesday that both nations will reduce additional tariffs imposed recently. “Neither side believes that these are sustainable levels,” Bessent said. Hopes of a de-escalation in the tariff war have got an extra boost as Beijing has indicated that it is considering tariff exemptions for some US goods. According to a Bloomberg report, China is considering pausing a 125% import duty on US medical equipment and some industrial chemicals.On the economic front, stronger-than-expected US Durable Goods Orders data for March has indicated that tariff policies by US President Trump have started feeding into business activities. The cost of orders for durable goods received by business owners rose at a robust pace of 9.2%, beating estimates of 2% and the prior release of 0.9%. A multi-fold increase in the economic data is evidence of Federal Reserve (Fed) officials’ stance of avoiding any monetary policy adjustments before getting greater clarity on how new economic policies will shape the economic outlook.Technical Analysis: Pound Sterling declines to near 1.3300The Pound Sterling trades lower to near 1.3300 against the US Dollar in Wednesday’s European session. The outlook of the pair remains firm as all short-to-long Exponential Moving Averages (EMAs) are sloping higher.The 14-day Relative Strength Index (RSI) cools down to near 63.00 after turning overbought. This indicates a mild correction in the pair after a strong rally but doesn’t invalidate the upside trend.On the upside, the psychological level of 1.3500 will be a key hurdle for the pair. Looking down, the April 3 high around 1.3200 will act as a major support area. Pound Sterling FAQs What is the Pound Sterling? The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE). How do the decisions of the Bank of England impact on the Pound Sterling? The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects. How does economic data influence the value of the Pound? Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall. How does the Trade Balance impact the Pound? Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

10:25 Chinese Foreign Ministry: China and US are not having any negotiations on tariffs
Commenting on the trade talks with the United States (US), China's Foreign Ministry clarified that “China and the US are not having any consultations or negotiations on tariffs.”

10:09 EUR/INR: 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. The Euro (EUR) to the Indian Rupee changes hands at 96.93, with the EUR/INR pair declining from its previous close at 97.19.

09:55 NZD/USD Price Forecast: Holds losses below 0.6000, support appears at nine-day EMA
The NZD/USD pair offers its recent gains registered in the previous session, trading around 0.5960 during early European trading hours on Friday.

09:52 Forex Today: US Dollar regains traction on renewed optimism about easing US-China tensions
Here is what you need to know on Friday, April 25:

09:46 France Business Climate in Manufacturing came in at 99, above expectations (96) in April
France Business Climate in Manufacturing came in at 99, above expectations (96) in April

09:45 EUR/GBP holds below 0.8550 on upbeat UK Retail Sales data
The EUR/GBP cross loses momentum to near 0.8530 during the early European session on Friday. The Pound Sterling (GBP) strengthens against the Euro (EUR) after the stronger-than-expected UK economic data.

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The UK Retail Sales rose 0.4% MoM in March vs. -0.4% expected.Investors will closely watch the US-UK trade talks as the UK Finance Minister is scheduled to meet the US Treasury Secretary on Friday.The EUR/GBP cross loses momentum to near 0.8530 during the early European session on Friday. The Pound Sterling (GBP) strengthens against the Euro (EUR) after the stronger-than-expected UK economic data. Data released by the Office for National Statistics (ONS) showed on Friday that the UK Retail Sales increased 0.4% MoM in March versus a rise of 0.7% prior (revised from 1.0%). This figure came in above the market consensus of a decline of 0.4%. On an annual basis, Retail Sales jumped 2.6% in March compared to a rise of 2.2% prior, better than the estimation of 1.8%. The GBP attracts some buyers in an immediate reaction to the upbeat UK Retail Sales data. On the Euro’s front, the dovish remarks from the European Central Bank (ECB) policymakers drag the shared currency lower. ECB policymaker and Finnish central bank governor Olli Rehn said on Thursday that the central bank should not rule out a "larger interest rate cut". Meanwhile, ECB Governing Council member Madis Muller said on Wednesday that the central bank may have to lower interest rates to levels that stimulate the economy if trade uncertainty proves more damaging to growth. Investors will closely monitor the developments surrounding the US-UK trade talks. UK Finance Minister Rachel Reeves is scheduled to meet US Treasury Secretary Scott Bessent on Friday. High on the agenda will be a possible trade deal, which Britain hopes will reduce the hit from Trump's import tariffs to its exporters of goods, including cars and steel. Reeves said on Thursday she was confident Britain could reach a trade deal with the US. However, the lack of clarity of trade policy could weigh on the GBP and create a tailwind for EUR/GBP. Pound Sterling FAQs What is the Pound Sterling? The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE). How do the decisions of the Bank of England impact on the Pound Sterling? The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects. How does economic data influence the value of the Pound? Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall. How does the Trade Balance impact the Pound? Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

09:36 Palladium price today: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Friday, according to FXStreet data.

Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Friday, according to FXStreet data. Palladium (XPD) changes hands at $939.59 a troy ounce, with the XPD/USD pair easing from its previous close at $951.55.
In the meantime, Platinum (XPT) trades at $965.55 against the United States Dollar (USD) early in the European session, also under pressure after the XPT/USD pair settled at $977.35 at the previous close.

09:08 USD/CHF maintains position above 0.8300 due to US-China trade optimism
USD/CHF recovered its previous session losses and is trading around 0.8320 during the Asian session on Friday.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}USD/CHF appreciates as the US Dollar is strengthening, as investor sentiment improves.AmCham China President Michael Hart remarked that it's encouraging to see the US and China reviewing tariffs.Analysts argue that currency intervention by the SNB may be more effective than additional rate cuts.USD/CHF recovered its previous session losses and is trading around 0.8320 during the Asian session on Friday. The US Dollar (USD) is strengthening as investor sentiment improves, driven by a Bloomberg report suggesting China may suspend its 125% tariffs on select US imports, including medical equipment, ethane, and aircraft leasing.Sources familiar with the matter indicated that Chinese officials are particularly considering a waiver on tariffs for aircraft leases. However, China’s Ministry of Finance and the General Administration of Customs have yet to issue any official comments.Michael Hart, President of the American Chamber of Commerce in China, remarked that it's encouraging to see the US and China reviewing tariffs. Hart noted that while exclusion lists for specific categories are reportedly in the works, no official announcements or policies have been released yet. Both China’s Ministry of Commerce and the US Department of Commerce are currently gathering input on the matter.Optimism around US trade negotiations is also supporting the Greenback, with Reuters reporting progress in early talks with key Asian allies such as South Korea and Japan. The Trump administration could reduce tariffs on Chinese imports, depending on the progress of potential talks with Beijing. China expressed a willingness to engage in discussions.However, the Swiss Franc (CHF) gained ground, reaching its strongest level in over a decade against the USD as of April 21. This strength is largely due to increased demand for safe-haven assets amid global trade uncertainties.The appreciation of the CHF has put downward pressure on import prices, challenging the Swiss National Bank’s (SNB) inflation target of 0–2%, especially with inflation hovering near zero. With the SNB’s key interest rate at just 0.25% and likely to decline further, analysts believe that currency intervention may be a more effective approach than rate cuts. Nonetheless, the SNB has reiterated that it does not manipulate the currency, emphasizing that any interventions are solely aimed at maintaining price stability. Swiss Franc FAQs What key factors drive the Swiss Franc? The Swiss Franc (CHF) is Switzerland’s official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the country’s economic health or action taken by the Swiss National Bank (SNB), among other factors. Between 2011 and 2015, the Swiss Franc was pegged to the Euro (EUR). The peg was abruptly removed, resulting in a more than 20% increase in the Franc’s value, causing a turmoil in markets. Even though the peg isn’t in force anymore, CHF fortunes tend to be highly correlated with the Euro ones due to the high dependency of the Swiss economy on the neighboring Eurozone. Why is the Swiss Franc considered a safe-haven currency? The Swiss Franc (CHF) is considered a safe-haven asset, or a currency that investors tend to buy in times of market stress. This is due to the perceived status of Switzerland in the world: a stable economy, a strong export sector, big central bank reserves or a longstanding political stance towards neutrality in global conflicts make the country’s currency a good choice for investors fleeing from risks. Turbulent times are likely to strengthen CHF value against other currencies that are seen as more risky to invest in. How do decisions of the Swiss National Bank impact the Swiss Franc? The Swiss National Bank (SNB) meets four times a year – once every quarter, less than other major central banks – to decide on monetary policy. The bank aims for an annual inflation rate of less than 2%. When inflation is above target or forecasted to be above target in the foreseeable future, the bank will attempt to tame price growth by raising its policy rate. Higher interest rates are generally positive for the Swiss Franc (CHF) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken CHF. How does economic data influence the value of the Swiss Franc? Macroeconomic data releases in Switzerland are key to assessing the state of the economy and can impact the Swiss Franc’s (CHF) valuation. The Swiss economy is broadly stable, but any sudden change in economic growth, inflation, current account or the central bank’s currency reserves have the potential to trigger moves in CHF. Generally, high economic growth, low unemployment and high confidence are good for CHF. Conversely, if economic data points to weakening momentum, CHF is likely to depreciate. How does the Eurozone monetary policy affect the Swiss Franc? As a small and open economy, Switzerland is heavily dependent on the health of the neighboring Eurozone economies. The broader European Union is Switzerland’s main economic partner and a key political ally, so macroeconomic and monetary policy stability in the Eurozone is essential for Switzerland and, thus, for the Swiss Franc (CHF). With such dependency, some models suggest that the correlation between the fortunes of the Euro (EUR) and the CHF is more than 90%, or close to perfect.

09:04 Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $62.84 per barrel, up from Thursday’s close at $62.61.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.65 price posted on Thursday, and trading at $65.88.

09:04 UK Retail Sales jump 0.4% MoM in March vs. -0.4% expected
The United Kingdom (UK) Retail Sales jumped 0.4% month-over-month (MoM) in March after advancing 0.7% in February, the latest data published by the Office for National Statistics (ONS) showed Friday. Markets expected a 0.4% drop in the reported month.

09:00 United Kingdom Retail Sales ex-Fuel (MoM) above expectations (-0.3%) in March: Actual (0.5%)
United Kingdom Retail Sales ex-Fuel (MoM) above expectations (-0.3%) in March: Actual (0.5%)

09:00 United Kingdom Retail Sales ex-Fuel (YoY) registered at 3.3% above expectations (2.3%) in March
United Kingdom Retail Sales ex-Fuel (YoY) registered at 3.3% above expectations (2.3%) in March

09:00 United Kingdom Retail Sales (YoY) above expectations (1.8%) in March: Actual (2.6%)
United Kingdom Retail Sales (YoY) above expectations (1.8%) in March: Actual (2.6%)

09:00 United Kingdom Retail Sales (MoM) came in at 0.4%, above expectations (-0.4%) in March
United Kingdom Retail Sales (MoM) came in at 0.4%, above expectations (-0.4%) in March

08:56 China’s Politburo: Will cut the RRR and interest rates in a timely manner
China held the Politburo meeting on Friday, with the key takeaways noted below.

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Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs. How does the price of Iron Ore impact the Australian Dollar? Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD. How does the Trade Balance impact the Australian Dollar? The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.

08:28 US Dollar Index rebounds above 99.50 on US trade talks progress
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, edges higher to near 99.75 during the early European session on Friday amid positive developments in negotiations with allies India, Japan and South Korea.

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Hope for US trade talks with allies to support the US Dollar. China pushes for tariff cancellation to end the trade war. The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, edges higher to near 99.75 during the early European session on Friday amid positive developments in negotiations with allies India, Japan and South Korea. Investors brace for the final reading of the US Michigan Consumer Sentiment, which is due later on Friday.US Treasury Secretary Scott Bessent has suggested that India is likely to become the first country to finalise a bilateral trade agreement with the US to avoid Trump's reciprocal tariffs on Indian exports. Japan's economy minister, Ryosei Akazawa, will hold a second round of trade talks with Bessent next week. Meanwhile, South Korea asked for “calm” and “orderly” discussions with the US on trade issues, as it seeks to work out a deal with the US before the pause on reciprocal tariffs is lifted in July. Any signs of trade talks progress could lift the Greenback in the near term."If the perception spreads that a reduction in tariffs is near, it could positively influence tariff negotiations with other countries, leading to a retreat from risk-off sentiment and a decrease in U.S. asset selling," which could buoy the dollar back to 145 yen, Mizuho analysts wrote in a note.On the other hand, traders were concerned about the prospects for the US economy given Trump's inconsistent message on trade agreements and Federal Reserve intervention. Additionally, a lack of actual progress toward opening talks with China could drag the USD lower against its rivals. Trump said late Thursday that his administration was talking with China on trade. However, Beijing said that no negotiations had been held on the economy and trade, and it urged the US to lift all unilateral tariff measures if it really wished to resolve the issue. US Dollar FAQs What is the US Dollar? The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away. How do the decisions of the Federal Reserve impact the US Dollar? The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback. What is Quantitative Easing and how does it influence the US Dollar? In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar. What is Quantitative Tightening and how does it influence the US Dollar? Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.

08:04 GBP/USD breaks below 1.3300 as US Dollar appreciates on a potential US-China trade deal
GBP/USD is retracing its recent gains, hovering around 1.3290 during Friday’s Asian session.

08:01 Singapore Industrial Production (MoM) rose from previous -7.5% to -3.6% in March
Singapore Industrial Production (MoM) rose from previous -7.5% to -3.6% in March

08:01 Singapore Industrial Production (YoY) registered at 5.8%, below expectations (6.9%) in March
Singapore Industrial Production (YoY) registered at 5.8%, below expectations (6.9%) in March

07:57 FX option expiries for Apr 25 NY cut
FX option expiries for Apr 25 NY cut at 10:00 Eastern Time via DTCC can be found below.

FX option expiries for Apr 25 NY cut at 10:00 Eastern Time via DTCC can be found below.EUR/USD: EUR amounts1.1200 907m1.1400 1b1.1440 1.1b1.1450 602mUSD/JPY: USD amounts 140.00 1.1b145.00 1.7b146.00 861mAUD/USD: AUD amounts0.6150 406m0.6300 408m0.6425 725mUSD/CAD: USD amounts 1.3800 2.2b1.4000 2.2b1.4130 550mEUR/GBP: EUR amounts 0.8525 571m

07:39 Silver Price Forecast: XAG/USD trades around mid-$33.00s; just below multi-week top
Silver (XAG/USD) edges lower after testing the three-week top during the Asian session on Friday and currently trades around the mid-$33.00s, down 0.30% for the day. The technical setup, however, warrants caution before positioning for any meaningful depreciating move.

07:38 India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Friday, according to data compiled by FXStreet.

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The price for Gold stood at 9,103.13 Indian Rupees (INR) per gram, down compared with the INR 9,178.61 it cost on Thursday. The price for Gold decreased to INR 106,177.10 per tola from INR 107,057.50 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 9,103.13 10 Grams 91,031.05 Tola 106,177.10 Troy Ounce 283,145.60 2025 Gold Forecast Guide [PDF] Download your free copy of the 2025 Gold Forecast Daily Digest Market Movers: Gold price traders refrain from placing aggressive directional bets amid mixed cues Investors remain hopeful over the potential de-escalation of the US-China trade war, which acts as a headwind for the safe-haven Gold price during the Asian session on Friday. In fact, US President Donald Trump said on Thursday that trade talks between the US and China are underway. This comes after China's Foreign Ministry spokesperson Guo Jiakun told reporters that China and the US have not conducted consultations or negotiations on tariffs, and called reports of such information false news. This underscores the uncertainty over the ongoing trade war. The US Dollar draws some support from mostly upbeat US macro data released on Thursday. In fact, the US Department of Labor reported that Initial Jobless Claims increased modestly to 222,000 for the week ending 19 April and pointed to continued labor market resilience. The US Census Bureau reported that Durable Goods Orders surged 9.2% in March, beating the 2% forecast and marking a third consecutive rise. Transportation equipment also rose for a third month, surging 27%. Meanwhile, a duo of Federal Reserve officials discussed the willingness for potential interest rate cuts soon. In fact, Cleveland Fed President Beth Hammack stated that a rate cut as soon as June could be possible if clear and convincing data on economic direction is obtained. Separately, Fed Governor Christopher Waller said in a Bloomberg interview that he would support rate cuts if tariffs start weighing on the job market. Moreover, traders are still pricing in the possibility that the Fed will lower borrowing costs at least three times by the end of this year. On the geopolitical front, a Russian missile attack on Ukraine’s capital Kyiv killed at least twelve people and injured dozens. This was one of the deadliest strikes since Russia launched its full-scale invasion more than three years ago and keeps the geopolitical risk premium in play. Traders now look forward to the release of the revised Michigan US Consumer Sentiment Index. Apart from this, trade-related developments might influence the USD, which, along with the broader risk sentiment, might produce short-term trading opportunities around the XAU/USD pair. FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly. Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up. (An automation tool was used in creating this post.)

07:25 EUR/JPY Price Forecast: Rises above 162.50, nine-day EMA
EUR/JPY extends its gains for the third successive session, trading around 162.80 during the Asian hours on Friday. Technical analysis of the daily chart shows the currency cross consolidating within an ascending channel, reinforcing a bullish outlook.

07:08 AUD/JPY hits multi-week high, around 92.00 amid signs of easing US-China trade tensions
The AUD/JPY cross attracts some follow-through buyers for the third successive day and touches over a three-week top, around the 92.00 mark during the Asian session on Friday.

06:45 Gold price consolidates in a range; bulls have the upper hand while above $3,300
Gold price (XAU/USD) struggles to capitalize on the previous day's move higher and oscillates in a narrow trading band during the Asian session on Friday amid mixed fundamental cues.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}Gold price bulls seem reluctant as a positive risk tone undermines demand for safe-haven assets. Thursday’s upbeat US macro data supports the USD, contributing to capping the precious metal.Trade-related uncertainties and Fed rate cut bets should help limit losses for the XAU/USD pair. Gold price (XAU/USD) struggles to capitalize on the previous day's move higher and oscillates in a narrow trading band during the Asian session on Friday amid mixed fundamental cues. Signs of easing tensions between the US and China – the world's two largest economies – remain supportive of a positive tone around the equity markets. Apart from this, a modest US Dollar (USD) uptick turns out to be another factor that contributes to keeping a lid on the precious metal.Meanwhile, Federal Reserve (Fed) officials showed willingness for potential interest rate cuts, which might cap the USD upside and act as a tailwind for the non-yielding Gold price. Moreover, worries about the potential economic fallout from US President Donald Trump's trade tariffs and persistent geopolitical uncertainties suggest that the path of least resistance for the safe-haven commodity remains to the upside, warranting some caution for aggressive bearish traders. Daily Digest Market Movers: Gold price traders refrain from placing aggressive directional bets amid mixed cuesInvestors remain hopeful over the potential de-escalation of the US-China trade war, which acts as a headwind for the safe-haven Gold price during the Asian session on Friday. In fact, US President Donald Trump said on Thursday that trade talks between the US and China are underway.This comes after China's Foreign Ministry spokesperson Guo Jiakun told reporters that China and the US have not conducted consultations or negotiations on tariffs, and called reports of such information false news. This underscores the uncertainty over the ongoing trade war. The US Dollar draws some support from mostly upbeat US macro data released on Thursday. In fact, the US Department of Labor reported that Initial Jobless Claims increased modestly to 222,000 for the week ending 19 April and pointed to continued labor market resilience.The US Census Bureau reported that Durable Goods Orders surged 9.2% in March, beating the 2% forecast and marking a third consecutive rise. Transportation equipment also rose for a third month, surging 27%.Meanwhile, a duo of Federal Reserve officials discussed the willingness for potential interest rate cuts soon. In fact, Cleveland Fed President Beth Hammack stated that a rate cut as soon as June could be possible if clear and convincing data on economic direction is obtained.Separately, Fed Governor Christopher Waller said in a Bloomberg interview that he would support rate cuts if tariffs start weighing on the job market. Moreover, traders are still pricing in the possibility that the Fed will lower borrowing costs at least three times by the end of this year. On the geopolitical front, a Russian missile attack on Ukraine’s capital Kyiv killed at least twelve people and injured dozens. This was one of the deadliest strikes since Russia launched its full-scale invasion more than three years ago and keeps the geopolitical risk premium in play.Traders now look forward to the release of the revised Michigan US Consumer Sentiment Index. Apart from this, trade-related developments might influence the USD, which, along with the broader risk sentiment, might produce short-term trading opportunities around the XAU/USD pair. Gold price might attract some dip-buyers and find decent support near the $3,300 mark; bullish bias remainsFrom a technical perspective, a goodish rebound from the weekly low touched on Wednesday stalls near the 23.6% Fibonacci retracement level of the latest leg up from the vicinity of the mid-$2,900s or the monthly swing low. The said barrier is pegged near the $3,368-3,370 region, which should now act as a key pivotal point. Given that oscillators on the daily chart are holding comfortably in positive territory, a sustained strength beyond should allow the Gold price to reclaim the $3,400 mark. The subsequent move up is likely to extend further towards the $3,425-3,427 intermediate hurdle, above which bulls could make a fresh attempt to conquer the $3,500 psychological mark.On the flip side, weakness below the $3,330 area might still be seen as a buying opportunity and remain limited near the $3,300 mark, nearing the 38.2% Fibo. level. This is followed by the weekly swing low, around the $3,260 area, which if broken should pave the way for the resumption of this week's rejection slide from the $3,500 mark, or the all-time peak. The Gold price could then accelerate the fall towards the 50% retracement level, around the $3,225 region, en route to the $3,200 mark. Some follow-through selling will suggest that precious metal has topped out and shift the near-term bias in favor of bearish traders. Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

06:36 China mulls suspending its 125% tariff on some US imports – Bloomberg
Citing sources familiar with the matter, Bloomberg reported on Friday that China is mulling suspending its 125% tariff on some US imports including medical equipment, ethane and plane leasing.

06:32 WTI climbs toward $63.00, remains headed for a weekly loss amid oversupply worries
West Texas Intermediate (WTI) Oil price extends its gains for a second straight day, trading around $62.80 during Friday's Asian session.

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Despite the uptick, prices remain on course for a weekly decline due to mounting oversupply concerns fueled by the potential for increased OPEC+, the Organization of the Petroleum Exporting Countries and its allies, output.Several OPEC+ nations are expected to advocate for a second consecutive month of accelerated production hikes in June. Kazakhstan, a key member, has stated it cannot reduce output at its major oil fields and will prioritize national interests when determining production levels.Meanwhile, Iranian Foreign Minister Abbas Araqchi expressed willingness on Thursday to travel to Europe for discussions on Tehran's nuclear program. Progress in negotiations with Europe and the US could lead to the lifting of sanctions on Iranian Oil exports.A potential ceasefire and easing of sanctions could also boost Russian Oil exports, adding downward pressure on prices. Russian Foreign Minister Sergey Lavrov noted that talks with the US are progressing toward ending the war in Ukraine, though some key issues remain unresolved. However, US President Donald Trump criticized Vladimir Putin on Thursday following Russia's overnight missile and drone attacks on Kyiv, urging, “Vladimir, STOP!”Adding to the bearish sentiment, the demand outlook remains weak amid ongoing US-China trade tensions. The world’s two largest Oil consumers are locked in a prolonged trade dispute, leading to higher business costs, downgraded financial forecasts, and disruptions in global supply chains—factors that have raised fears of a global economic slowdown that could dampen Oil demand. WTI Oil FAQs What is WTI Oil? WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media. What factors drive the price of WTI Oil? Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa. How does inventory data impact the price of WTI Oil The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API’s report is published every Tuesday and EIA’s the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency. How does OPEC influence the price of WTI Oil? OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.

06:27 USD/INR extends decline on US-India trade talks progress
The Indian Rupee (INR) strengthens on Friday. The optimism surrounding US-India trade talks provides some support to the Indian currency. Currently, the 26% reciprocal tariff on India that the US imposed is on a 90-day pause. The suspension will expire on July 8.

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Escalating geopolitical tensions after the Kashmir attack might cap the pair’s upside. The Indian Rupee (INR) strengthens on Friday. The optimism surrounding US-India trade talks provides some support to the Indian currency. Currently, the 26% reciprocal tariff on India that the US imposed is on a 90-day pause. The suspension will expire on July 8. However, India does face a 10% tariff as other nations per the US trade policy. Furthermore, rising Foreign Institutional Investors (FII) inflows might contribute to the INR’s upside. Nonetheless, heightened geopolitical tensions following a terror attack in Pahalgam, Jammu, and Kashmir might drag the Indian currency lower. Investors will keep an eye on the final reading of the US Michigan Consumer Sentiment later on Friday.Indian Rupee edges higher amid escalating tensions between India and PakistanAccording to the Reuters poll, the Reserve Bank of India is expected to cut the Repo Rate to 5.50% by end-Q3 (vs. 5.75% in March poll). India's economy is to grow 6.3% in 2025-26 and 6.5% in 2026-27 (vs 6.5% and 6.5% in March poll), Reuters poll. Asked how US tariffs have affected business sentiment in India, 60% of economists, 21 of 35, said the impact was negative or very negative. Meanwhile, 14 economists said it was neutral.Pakistan has announced a series of retaliatory diplomatic moves against India and demanded evidence to back up the Indian government’s claims that Islamabad was involved in the Kashmir attack.US Treasury Secretary Scott Bessent has suggested that India is likely to become the first country to finalise a bilateral trade agreement with the US to avoid Trump's reciprocal tariffs on Indian exports.Minneapolis Fed President Neel Kashkari said late Thursday that he is worried that with the uncertainty, businesses will do layoffs.USD/INR’s bearish outlook remains in placeThe Indian Rupee trades firmer on the day. The bearish tone of the USD/INR pair prevails as the pair is below the key 100-day Exponential Moving Average (EMA) on the daily timeframe. The 14-day Relative Strength Index (RSI) stands below the midline near 38.35, suggesting that further downside looks favorable. The first downside target to watch is 84.85, the lower limit of the descending trend channel. Sustained trading below this level could open the door for a move towards 84.22, the low of November 25, 2024. The next contention level is seen at 84.08, the low of November 6, 2024.On the bright side, the 100-day EMA at 85.82 acts as an immediate resistance level for USD/INR. A decisive break above the mentioned level could see a rise to 86.45, the upper boundary of the trend channel. Indian Rupee FAQs What are the key factors driving the Indian Rupee? The Indian Rupee (INR) is one of the most sensitive currencies to external factors. The price of Crude Oil (the country is highly dependent on imported Oil), the value of the US Dollar – most trade is conducted in USD – and the level of foreign investment, are all influential. Direct intervention by the Reserve Bank of India (RBI) in FX markets to keep the exchange rate stable, as well as the level of interest rates set by the RBI, are further major influencing factors on the Rupee. How do the decisions of the Reserve Bank of India impact the Indian Rupee? The Reserve Bank of India (RBI) actively intervenes in forex markets to maintain a stable exchange rate, to help facilitate trade. In addition, the RBI tries to maintain the inflation rate at its 4% target by adjusting interest rates. Higher interest rates usually strengthen the Rupee. This is due to the role of the ‘carry trade’ in which investors borrow in countries with lower interest rates so as to place their money in countries’ offering relatively higher interest rates and profit from the difference. What macroeconomic factors influence the value of the Indian Rupee? Macroeconomic factors that influence the value of the Rupee include inflation, interest rates, the economic growth rate (GDP), the balance of trade, and inflows from foreign investment. A higher growth rate can lead to more overseas investment, pushing up demand for the Rupee. A less negative balance of trade will eventually lead to a stronger Rupee. Higher interest rates, especially real rates (interest rates less inflation) are also positive for the Rupee. A risk-on environment can lead to greater inflows of Foreign Direct and Indirect Investment (FDI and FII), which also benefit the Rupee. How does inflation impact the Indian Rupee? Higher inflation, particularly, if it is comparatively higher than India’s peers, is generally negative for the currency as it reflects devaluation through oversupply. Inflation also increases the cost of exports, leading to more Rupees being sold to purchase foreign imports, which is Rupee-negative. At the same time, higher inflation usually leads to the Reserve Bank of India (RBI) raising interest rates and this can be positive for the Rupee, due to increased demand from international investors. The opposite effect is true of lower inflation.

05:47 USD/CAD holds gains above 1.3850 on optimism over potential US trade deals
USD/CAD recovers its recent losses from the previous session, trading around 1.3870 during the Asian hours on Friday. The pair gains as the US Dollar (USD) strengthens, supported by optimism surrounding potential US trade deals.

05:20 Japanese Yen struggles to lure buyers despite strong Tokyo CPI print
The Japanese Yen (JPY) edges lower during the Asian session on Friday as hopes for the potential de-escalation of the US-China trade standoff remain supportive of a positive risk tone and temper demand for traditional safe-haven assets.

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Dovish Fed expectations might keep a lid on any meaningful USD upside and the USD/JPY pair. The Japanese Yen (JPY) edges lower during the Asian session on Friday as hopes for the potential de-escalation of the US-China trade standoff remain supportive of a positive risk tone and temper demand for traditional safe-haven assets. Apart from this, a modest US Dollar (USD) uptick assists the USD/JPY pair to climb back above the 143.00 mark and reverse a part of the previous day's pullback from a nearly two-week high.Meanwhile, government data showed that consumer inflation in Tokyo – Japan's capital city – accelerated sharply in April and reaffirmed market bets for more interest rate hikes by the Bank of Japan (BoJ). In contrast, Federal Reserve (Fed) officials showed willingness for potential interest rate cuts. This, in turn, might keep a lid on any meaningful upside for the USD and help limit deeper losses for the lower-yielding JPY. Japanese Yen is undermined by receding safe-haven demand; BoJ rate hike bets should help limit lossesUS President Donald Trump told reporters that the US and China held discussions on Thursday to help resolve the trade war between the world’s two largest economies. Moreover, a White House official said that lower-level in-person talks as well as a phone call between US and Chinese staff had taken place this week.This fuels hopes of a quick US-China trade resolution, boosts investor confidence, and weakens demand for safe-haven assets like the Yen. China, however, had claimed earlier that no discussions had taken place.The conflicting statements underscore the uncertainty around the current trade war, which might continue to infuse volatility in the global financial markets and act as a tailwind for safe-haven assets. Furthermore, the prospects for additional interest rate hikes by the Bank of Japan should limit deeper losses for the JPY. Data released earlier this Friday showed that Tokyo Consumer Price Index (CPI) grew 3.5% year-on-year in April from 2.9% in the prior month. Adding to this, Tokyo core CPI, which excludes volatile fresh food prices, rose 3.4% YoY, or a two-year high, compared to the 3.2% expected and sharply higher than the 2.4% in March.Furthermore, a gauge that excludes both fresh food and fuel costs and is closely watched by the BoJ rose 3.1% in April from a year earlier after a 2.2% rise in the previous month. This points to broadening inflation in Japan and gives the BoJ headroom to raise interest rates further after a 50 basis point rate hike earlier this year. On the other hand, Federal Reserve Governor Christopher Waller said on Thursday that he would support an interest rate cut if tariffs start weighing on the job market. Separately, Cleveland Fed President Beth Hammack stated that a rate cut as soon as June could be possible if clear evidence of economic direction is obtained.This counters Fed Chair Jerome Powell’s remarks last week that the US central bank is well-positioned to wait for greater clarity before considering any adjustments to our policy stance. Nevertheless, traders are still pricing in the possibility that the Fed will lower borrowing costs at least three times by the end of this year. The prospects for more aggressive easing by the Fed, to a larger extent, overshadowed mostly upbeat US macro data released on Thursday. In fact, the US Department of Labor reported that Initial Jobless Claims increased modestly to 222,000 for the week ending 19 April and pointed to continued labor market resilience.Furthermore, the US Census Bureau reported that Durable Goods Orders surged 9.2% in March, marking the third consecutive monthly increase and far exceeding market expectations of a 2% rise. Transportation equipment, which also recorded its third straight monthly gain, led the increase with a jump of 27% in April.Meanwhile, the divergent BoJ-Fed policy expectations, along with hopes that Japan will strike a trade deal with the US, should act as a tailwind for the lower-yielding JPY. Japan's chief negotiator, Economy Minister Ryosei Akazawa, will hold a second round of trade talks with US Treasury Secretary Scott Bessent next week.USD/JPY needs to surpass the weekly high, around the 143.55 region to support prospects for further gainsThe USD/JPY pair showed some resilience below the 23.6% Fibonacci retracement level of the March-April downfall and the subsequent move back above the 143.00 mark favors bullish traders. Moreover, oscillators on hourly charts have been gaining positive traction and support prospects for additional gains. However, technical indicators on the daily chart – though they have been recovering – are yet to confirm a positive bias. Hence, any further move up might confront stiff resistance near the 143.55 area, or the weekly high. Some follow-through buying, however, could lift spot prices beyond the 144.00 round figure, towards the 144.40 area. The latter represents 38.2% of Fibo. level, which if cleared decisively should pave the way for some meaningful recovery in the near term.On the flip side, dips below the 23.6% Fibo. level might continue to attract some dip-buyers near the overnight swing low, around the 142.30-142.25 region. This is followed by the 142.00 round figure, below which the USD/JPY pair could slide to mid-141.00s en route to the 141.10-141.00 region. The downward trajectory could extend further towards intermediate support near the 140.50 area and expose the multi-month low – levels below the 140.00 psychological mark touched on Tuesday. Economic Indicator Tokyo CPI ex Food, Energy (YoY) The Tokyo Consumer Price Index (CPI), released by the Statistics Bureau of Japan on a monthly basis, measures the price fluctuation of goods and services purchased by households in the Tokyo region. The index is widely considered as a leading indicator of Japan’s overall CPI as it is published weeks before the nationwide reading. The gauge excluding food and energy is widely used to measure underlying inflation trends as these two components are more volatile. The YoY reading compares prices in the reference month to the same month a year earlier. Generally, a high reading is seen as bullish for the Japanese Yen (JPY), while a low reading is seen as bearish. Read more. Last release: Thu Apr 24, 2025 23:30 Frequency: Monthly Actual: 2% Consensus: - Previous: 1.1% Source: Statistics Bureau of Japan

05:01 NZD/USD softens below 0.6000, eyes on US-China trade tensions
The NZD/USD pair edges lower to around 0.5985 during the Asian session on Friday, pressured by the firmer Greenback. The lack of progress toward defusing the US-China trade deal exerts some selling pressure on the China-proxy Kiwi.

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China told the US to cancel all unilateral tariffs if it wants talks. China's Finance Ministry said current world economic growth momentum was insufficient due to tariff threats and trade wars. The NZD/USD pair edges lower to around 0.5985 during the Asian session on Friday, pressured by the firmer Greenback. The lack of progress toward defusing the US-China trade deal exerts some selling pressure on the China-proxy Kiwi. The final reading of Michigan Consumer Sentiment is due later on Friday.US President Donald Trump said late Thursday that his administration was talking with China on trade. Meanwhile, China said that no negotiations had been held on the economy and trade, and it urged the US to lift all unilateral tariff measures if it really wished to resolve the issue. Concerns over trade tensions between the world’s two largest economies could undermine the New Zealand Dollar (NZD), as China is a major trading partner to New Zealand. The rising bets that the Reserve Bank of New Zealand (RBNZ) will lower its Official Cash Rate (OCR) at the May meeting might contribute to the NZD’s downside. The markets fully expect the RBNZ to cut its 3.5% OCR by 25 basis points (bps) in May, with a further reduction to 2.75% by year-end.China's Finance Ministry said on Friday that the current world economic growth momentum was insufficient, with tariff and trade wars further impacting economic and financial stability. Meanwhile, People's Bank of China (PBOC) Governor Pan Gongsheng noted that economic fragmentation and trade tensions continue to disrupt the industrial supply chain and weaken the momentum of global growth. However, any positive developments surrounding Chinese stimulus measures could help limit the Kiwi’s losses in the near term. New Zealand Dollar FAQs What key factors drive the New Zealand Dollar? The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the New Zealand economy and the country’s central bank policy. Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move the Kiwi because China is New Zealand’s biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand’s main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD. How do decisions of the RBNZ impact the New Zealand Dollar? The Reserve Bank of New Zealand (RBNZ) aims to achieve and maintain an inflation rate between 1% and 3% over the medium term, with a focus to keep it near the 2% mid-point. To this end, the bank sets an appropriate level of interest rates. When inflation is too high, the RBNZ will increase interest rates to cool the economy, but the move will also make bond yields higher, increasing investors’ appeal to invest in the country and thus boosting NZD. On the contrary, lower interest rates tend to weaken NZD. The so-called rate differential, or how rates in New Zealand are or are expected to be compared to the ones set by the US Federal Reserve, can also play a key role in moving the NZD/USD pair. How does economic data influence the value of the New Zealand Dollar? Macroeconomic data releases in New Zealand are key to assess the state of the economy and can impact the New Zealand Dollar’s (NZD) valuation. A strong economy, based on high economic growth, low unemployment and high confidence is good for NZD. High economic growth attracts foreign investment and may encourage the Reserve Bank of New Zealand to increase interest rates, if this economic strength comes together with elevated inflation. Conversely, if economic data is weak, NZD is likely to depreciate. How does broader risk sentiment impact the New Zealand Dollar? The New Zealand Dollar (NZD) tends to strengthen during risk-on periods, or when investors perceive that broader market risks are low and are optimistic about growth. This tends to lead to a more favorable outlook for commodities and so-called ‘commodity currencies’ such as the Kiwi. Conversely, NZD tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens.

04:48 Australian Dollar edges lower due to persistent US-China trade tensions
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Friday, retreating after gains in the previous session.

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The drop in the AUD/USD pair is driven by persistent US-China trade tensions, as Australia's close trade relationship with China makes it particularly sensitive to developments between the two economic giants.Traders continued to track the fluid global trade landscape. Market sentiment remained mixed following reports that the Trump administration might reduce tariffs on Chinese imports, depending on the progress of potential talks with Beijing. China expressed a willingness to engage in discussions, provided the US stops issuing new threats. However, US Treasury Secretary Scott Bessent downplayed the optimism, clarifying that no unilateral tariff cuts had been proposed and that formal negotiations have not yet commenced.China's Finance Ministry stated on Friday that global economic growth remains sluggish, with tariff and trade wars continuing to undermine economic and financial stability. The ministry urged all parties to enhance the international economic and financial system through stronger multilateral cooperation, per Reuters.On Thursday, Westpac forecasted that the Reserve Bank of Australia (RBA) would lower interest rates by 25 basis points at its upcoming May 20 meeting. The RBA has adopted a data-driven approach in recent quarters, making it difficult to predict its actions beyond the next meeting with confidence.Australian Dollar struggles as US Dollar appreciates due to potential US trade agreementsThe US Dollar Index (DXY), which measures the USD against six major currencies, retraces its recent losses from the previous session, trading near 99.60 at the time of writing. However, the Greenback faced headwinds following the release of the Initial Jobless Claims data on Thursday.The US Department of Labor (DOL) reported on Thursday that initial applications for unemployment benefits rose for the week ending April 19. Initial Jobless Claims increased to 222,000, slightly above expectations and up from the previous week’s revised figure of 216,000. Meanwhile, Continuing Jobless Claims declined by 37,000, falling to 1.841 million for the week ending April 12.The flash S&P Global Composite PMI for April dropped to 51.2 from 53.5, indicating a slowdown in overall business activity. Although the Manufacturing PMI inched up to 50.7, the Services PMI declined sharply to 51.4 from 54.4, pointing to softening demand in the services sector.S&P Global’s Chris Williamson commented that growth momentum is losing steam, while persistent inflationary pressures continue to complicate the Federal Reserve’s efforts to strike a balance.According to the Fed’s April Beige Book, concerns over tariffs have worsened the economic outlook across several regions in the United States (US). Consumer spending presented a mixed picture, while the labor market showed signs of softening, with many districts reporting flat or slightly declining employment levels.US Treasury Secretary Scott Bessent acknowledged on Wednesday that current tariffs—145% on Chinese goods and 125% on US goods—are unsustainable and must be lowered for meaningful dialogue to begin.National Economic Council Director Kevin Hassett, President Trump's chief economic adviser, stated that the US Trade Representative (USTR) has 14 meetings scheduled with foreign trade ministers. Hassett also noted that 18 written proposals have been received from these ministers. According to Hassett, China remains open to negotiations.Market sentiment was boosted by US President Donald Trump, who reassured investors that he has no intention of removing Federal Reserve (Fed) Chair Jerome Powell, helping ease concerns about central bank independence and policy direction.The White House announced on Tuesday that the Trump administration is making headway in negotiating trade deals aimed at easing the broad tariffs introduced earlier this month. According to US Press Secretary Karoline Leavitt, 18 countries have already submitted trade proposals to the US, and President Trump’s trade team is scheduled to meet with representatives from 34 nations this week to explore potential agreements.The Judo Bank Manufacturing PMI edged down to a two-month low of 51.7 in April, compared to 52.1 in March. While manufacturing output remained in expansion territory, the increase in new orders was modest. Meanwhile, the Services PMI dipped slightly to 51.4 from 51.6 in the previous month, and the Composite PMI also eased to 51.4 from 51.6.Australian Dollar finds resistance near four-month highs, 0.6450 levelThe AUD/USD pair is hovering around 0.6410 on Friday, with daily chart technicals maintaining a bullish bias. The pair remains above the nine-day Exponential Moving Average (EMA), while the 14-day Relative Strength Index (RSI) holds steady above the 50 mark, indicating continued upward momentum.To the upside, immediate resistance is located at the recent four-month high of 0.6439, set on April 22. A clear break above this level could open the door for a rally toward the five-month high of 0.6515.The initial support lies at the nine-day EMA, currently at 0.6365, with stronger support near the 50-day EMA at 0.6302. A sustained move below these levels would weaken the bullish outlook and may trigger deeper losses, potentially exposing the March 2025 low near 0.5914.AUD/USD: Daily Chart Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.38% 0.28% 0.26% 0.08% 0.17% 0.21% 0.51% EUR -0.38% -0.10% -0.08% -0.31% -0.22% -0.15% 0.12% GBP -0.28% 0.10% 0.02% -0.21% -0.10% -0.06% 0.20% JPY -0.26% 0.08% -0.02% -0.20% -0.13% -0.10% 0.19% CAD -0.08% 0.31% 0.21% 0.20% -0.00% 0.14% 0.39% AUD -0.17% 0.22% 0.10% 0.13% 0.00% 0.05% 0.32% NZD -0.21% 0.15% 0.06% 0.10% -0.14% -0.05% 0.25% CHF -0.51% -0.12% -0.20% -0.19% -0.39% -0.32% -0.25% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote). Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs. How does the price of Iron Ore impact the Australian Dollar? Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD. How does the Trade Balance impact the Australian Dollar? The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.

04:29 PBOC Governor: All parties express concern about negative impact of trade frictions
People's Bank of China (PBOC) Governor Pan Gongsheng said on Friday that all parties expressed concern about the negative impact of trade frictions. Pan added that economic fragmentation and trade tensions continue to disrupt the industrial supply chain and weaken the momentum of global growth.

04:15 PBOC sets USD/CNY reference rate at 7.2066 vs. 7.2098 previous
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2066 as compared to the previous day's fix of 7.2098.

03:53 GBP/USD weakens to near 1.3300 ahead of UK Retail Sales release
The GBP/USD pair attracts some sellers to around 1.3310 during the early Asian session on Friday, pressured by the renewed US Dollar (USD) demand. The UK Retail Sales data for March will be the highlight later on Friday.

03:17 China's Finance Ministry: Current world economic growth momentum is insufficient
China's Finance Ministry said on Friday that the current world economic growth momentum was insufficient, with tariff and trade wars further impacting economic and financial stability, per Reuters.

02:43 EUR/USD edges lower below 1.1400 amid trade uncertainty
The EUR/USD pair weakens to near 1.1380 during the early Asian session on Friday. However, the downside for the major pair might be limited as investors remain concerned about the US-China trade tensions. Later on Friday, the final reading of Michigan Consumer Sentiment will be released.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}EUR/USD softens to around 1.1380 in Friday’s early Asian session.Trump said the US was negotiating with China on trade after Beijing’s denial. Traders have become increasingly confident that the ECB will cut interest rates in the June meeting. The EUR/USD pair weakens to near 1.1380 during the early Asian session on Friday. However, the downside for the major pair might be limited as investors remain concerned about the US-China trade tensions. Later on Friday, the final reading of Michigan Consumer Sentiment will be released. US President Donald Trump said late Thursday that his administration was talking with China on trade. Meanwhile, China said that no negotiations had been held on the economy and trade, and it urged the US to lift all unilateral tariff measures if it really wished to resolve the issue. Persistent concerns over potential tariff threats by Trump and persistent trade tensions are likely to weigh on the Greenback and act as a tailwind for EUR/USD in the near term."It seems like there's a gulf as wide as the Pacific Ocean between how the U.S. and China are viewing trade," said Matt Weller, head of market research at StoneX. "And I think as long as that gulf remains, the rallies in the dollar might be short-lived.”Across the pond, traders raise their bets that the European Central Bank (ECB) will cut interest rates in the June policy meeting due to the dovish remarks from the ECB policymakers. This, in turn, undermines the shared currency against the USD. ECB policymaker and Finnish central bank governor Olli Rehn said on Thursday that the central bank should not rule out a "larger interest rate cut". Meanwhile, ECB Governing Council member Madis Muller said on Wednesday that the central bank may have to lower interest rates to levels that stimulate the economy if trade uncertainty proves more damaging to growth. Euro FAQs What is the Euro? The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). What is the ECB and how does it impact the Euro? The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money. How does economic data influence the value of the Euro? Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy. How does the Trade Balance impact the Euro? Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

02:35 Japan Tokyo CPI ex Food, Energy (YoY) climbed from previous 1.1% to 2% in April
Japan Tokyo CPI ex Food, Energy (YoY) climbed from previous 1.1% to 2% in April

02:34 Japan's Tokyo CPI inflation rises to 3.5% YoY in April
The headline Tokyo Consumer Price Index (CPI) for April climbed 3.5% YoY as compared to 2.9% in the previous month, the Statistics Bureau of Japan showed on Friday.

The headline Tokyo Consumer Price Index (CPI) for April climbed 3.5% YoY as compared to 2.9% in the previous month, the Statistics Bureau of Japan showed on Friday.Additionally, Tokyo CPI ex Fresh Food rose 3.4% YoY in April against 3.2% expected and up from 2.4% in the prior month.

02:30 Japan Tokyo Consumer Price Index (YoY) climbed from previous 2.9% to 3.5% in April
Japan Tokyo Consumer Price Index (YoY) climbed from previous 2.9% to 3.5% in April

02:30 Japan Tokyo CPI ex Fresh Food (YoY) came in at 3.4%, above forecasts (3.2%) in April
Japan Tokyo CPI ex Fresh Food (YoY) came in at 3.4%, above forecasts (3.2%) in April

02:01 United Kingdom GfK Consumer Confidence came in at -23, below expectations (-21) in April
United Kingdom GfK Consumer Confidence came in at -23, below expectations (-21) in April

01:37 Fed’s Kashkari: Worried uncertainty may cause layoffs
Federal Reserve Bank of Minneapolis President Neel Kashkari said late Thursday that he is worried that with the uncertainty, businesses will do layoffs.

01:30 Silver Price Forecast: XAG/USD holds ground near weekly highs
Silver finished Thursday's session virtually unchanged, yet it remains near weekly highs of $33.65, with traders poised to push the grey metal higher.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}Silver steady on Thursday, supported by weaker US Dollar and lower bond yields.Traders eye upside amid lingering uncertainty over full US-China tariff rollback.Fed officials remain cautious, signal data-dependent path amid rising economic ambiguity.Silver finished Thursday's session virtually unchanged, yet it remains near weekly highs of $33.65, with traders poised to push the grey metal higher.XAG/USD clings to $33.65 as Fed uncertainty and falling Treasury yields bolster precious metals despite tariff relief hopesAn improvement in risk appetite was sponsored by a de-escalation of US President Donald Trump's tariffs on China, which weighed on silver prices. However, China’s Commerce Ministry Spokesman urged the US to lift all duties on Chinese imports “if it really wants to solve the problem.”Precious metals remain underpinned by the fall of US Treasury yields. This consequently weakened the Greenback, which, according to the US Dollar Index (DXY), dropped 0.50% down to 99.28.US economic data showed the labor market remains solid following the release of the latest Initial Jobless Claims figures, which came in aligned with estimates. US Durable Goods Orders smashed forecasts of 2% in March and grew 9.2% Month over Month due to a jump in transportation orders.A myriad of Fed speakers led by Governor Waller grabbed the headlines. Waller said that it is unlikely to know the impact of tariffs in July, adding that the second half of 2025 will bring more clarity. Cleveland Fed Beth Hammack said that uncertainty is weighing on businesses, and if data warrants it, the Fed’s next move could be in June.XAG/USD Price Forecast: Technical outlookAmid this backdrop, Silver could remain trading near the week’s high but buyers need to clear key resistance levels. the first ceiling would be $34.00, followed by the current year-to-date (YTD) high of $34.58. Once those two levels are taken out, traders could target the $35.00 mark.Conversely, if XAG/USD falls below $33.00, sellers will be tempted to test the 50-day Simple Moving Average (SMA) at $32.63. Once cleared, the next support would be $32.00. Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets. Which factors influence Silver prices? Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices. How does industrial demand affect Silver prices? Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices. How do Silver prices react to Gold’s moves? Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

01:25 BoJ’s Ueda: Uncertainty regarding global economy rising, must scrutinize impact on business
Bank of Japan Governor Kazuo Ueda said on Thursday that the Japanese central bank will continue to raise interest rates if underlying inflation converges toward its 2% inflation target as projected.

01:00 EUR/JPY Price Analysis: Euro steadies near 162.00 as technical outlook remains mixed
The EURJPY pair was seen trading near the 162.00 area on Thursday, holding steady ahead of the Asian session after a mildly choppy European trading day.

EURJPY trades near the 162.00 zone, stabilizing ahead of the Asian session.Mixed signals dominate, with short-term momentum soft and broader trend still supportive.Resistance lies near 162.30 and 162.50; support seen around 161.70 and 161.20.The EURJPY pair was seen trading near the 162.00 area on Thursday, holding steady ahead of the Asian session after a mildly choppy European trading day. The pair remains confined within a relatively narrow daily range, suggesting investors are awaiting a fresh catalyst before pushing in either direction.From a technical perspective, the setup remains mixed. The Relative Strength Index is sitting in neutral territory, while the MACD prints a weak sell signal. The Stochastic RSI and Average Directional Index also remain muted, reflecting limited short-term momentum and trend strength.However, longer-term moving averages continue to support the bullish structure. The 100-day and 200-day SMAs are still pointing upward, although the 20-day SMA is beginning to flatten, hinting at potential consolidation. The Ichimoku Base Line sits just under current price levels, offering a tentative support zone.Immediate support is seen at 161.70, followed by 161.20. On the upside, resistance levels are found at 162.30, 162.50, and then 162.85.Overall, while EURJPY is trading close to the upper end of its recent range, the pair needs a decisive push backed by momentum to validate further upside. Until then, traders may continue to see range-bound action.

00:13 NZD/JPY Price Analysis: Modest recovery holds as bulls eye resistance ahead of Asian session
The NZDJPY pair was seen trading near the 90.50 area on Thursday, stabilizing after mild intraday gains. The pair is attempting to consolidate above key short-term levels, as investors weigh broad risk sentiment and upcoming Asian market flows.

NZDJPY trades near the 90.50 zone following a modest bounce in Thursday’s session.Bullish momentum remains fragile as indicators deliver mixed short-term signals.
The NZDJPY pair was seen trading near the 90.50 area on Thursday, stabilizing after mild intraday gains. The pair is attempting to consolidate above key short-term levels, as investors weigh broad risk sentiment and upcoming Asian market flows. Price action remains within the day's range, hinting at indecision despite the mild upside.From a technical standpoint, the pair is showing a cautiously bullish signal. While the Relative Strength Index is hovering in neutral territory, the MACD shows early signs of positive momentum. Other indicators, such as the Stochastic oscillator and Commodity Channel Index, remain neutral, underlining the pair’s lack of strong directional conviction.However, short-term moving averages are beginning to turn favorable. The 10-day EMA and SMA are showing early signs of a shift, while the longer-term 20, 100, and 200-day SMAs remain tilted lower, reflecting the broader bearish structure. If momentum builds, a test of the resistance cluster near the 90.70–90.90 area may be on the cards.Key support levels rest at 90.10, followed by 89.80. To the upside, resistance is located at 90.70, 90.90, and further out at 91.20.

00:07 Mexican Peso holds firm as inflation rises and US Dollar slides
The Mexican Peso registered modest gains versus the US Dollar on Thursday due to the latter’s broad weakness, even though Mexico’s inflation came in slightly higher than expected. At the time of writing, the USD/MXN trades at 19.57 after hitting a daily high of 19.63.

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At the time of writing, the USD/MXN trades at 19.57 after hitting a daily high of 19.63.Mexico’s annual inflation exceeded estimates in April, yet prices remained within Banco de Mexico’s (Banxico) 2% to 4% inflation range goal. Although prices ticked up, Banxico is projected to continue cutting rates by 50 basis points (bps) at the May meeting, which would be its third reduction of that size, following four straight 25 bps cuts since mid-2024.In its latest Expectations Survey, Citi Mexico revealed that 36 economists polled expect the central bank will cut rates on May 15.US President Donald Trump’s tariffs on Mexico's auto, steel and aluminum exports could further damage the country’s manufacturing base. However, some exporters were relieved that Trump had applied duties to most US trading partners but had kept Mexico off the list.Mexican President Claudia Sheinbaum has said she wants to reach an agreement with Trump, but did not strike a deal in a phone call with him last week.Ahead in Mexico’s economic docket, traders brace for the release of Economic Activity data.Daily digest market movers: Mexican Peso unfazed by Banxico’s dovish stanceThe central bank divergence between Banxico and the Fed favors further upside in USD/MXN. Banxico’s Governing Council expressed its decision to continue easing the policy. Conversely, the Fed is considered cautious, as some officials have shown concerns about a reacceleration of inflation spurred by tariffs.Mexico’s Mid-month inflation in April accelerated by 3.96%YoY, above estimates of 3.78%. Core prices jumped from 3.56% to 3.90% YoY. Both figures remained within Banxico’s 3% goal plus or minus 1% range.Retail Sales in February were lower than expected, showcasing the ongoing economic slowdown, according to the Instituto Nacional de Estadistica Geografia e Informatica.Citi Mexico's expectations survey shows that economists expect Banxico to cut its rate by 50 basis points at the May meeting. For the full year, they project the main reference rate to end near 7.75%.Regarding the USD/MXN exchange rate, private analysts see the exotic pair finishing at 20.93, up from 20.90. Inflation in 2025 is projected to finish at 3.78% with core figures at 3.80% mostly aligned with the previous poll.Mexico’s economy is expected to grow 0.2% in 2025, below the 0.3% projected in the prior survey.USD/MXN technical outlook: Mexican Peso remains bullish as USD/MXN stays below the 200-day SMAThe USD/MXN downtrend remains intact, but it seems that sellers are taking a breather. They failed to drag the exchange rate below April 23’s low of 19.46. A daily close below 19.50 could expose the current year-to-date (YTD) low, followed by the 19.00 psychological figure.If buyers want to push prices higher, they must reclaim the 200-day SMA at 19.92, followed by the 20.00 figure. A breach of the latter will expose the confluence of the April 14 high and the 50-day SMA near 20.25-20.29 before testing the 100-day SMA at 20.33. Mexican Peso FAQs What key factors drive the Mexican Peso? The Mexican Peso (MXN) is the most traded currency among its Latin American peers. Its value is broadly determined by the performance of the Mexican economy, the country’s central bank’s policy, the amount of foreign investment in the country and even the levels of remittances sent by Mexicans who live abroad, particularly in the United States. Geopolitical trends can also move MXN: for example, the process of nearshoring – or the decision by some firms to relocate manufacturing capacity and supply chains closer to their home countries – is also seen as a catalyst for the Mexican currency as the country is considered a key manufacturing hub in the American continent. Another catalyst for MXN is Oil prices as Mexico is a key exporter of the commodity. How do decisions of the Banxico impact the Mexican Peso? The main objective of Mexico’s central bank, also known as Banxico, is to maintain inflation at low and stable levels (at or close to its target of 3%, the midpoint in a tolerance band of between 2% and 4%). To this end, the bank sets an appropriate level of interest rates. When inflation is too high, Banxico will attempt to tame it by raising interest rates, making it more expensive for households and businesses to borrow money, thus cooling demand and the overall economy. Higher interest rates are generally positive for the Mexican Peso (MXN) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken MXN. How does economic data influence the value of the Mexican Peso? Macroeconomic data releases are key to assess the state of the economy and can have an impact on the Mexican Peso (MXN) valuation. A strong Mexican economy, based on high economic growth, low unemployment and high confidence is good for MXN. Not only does it attract more foreign investment but it may encourage the Bank of Mexico (Banxico) to increase interest rates, particularly if this strength comes together with elevated inflation. However, if economic data is weak, MXN is likely to depreciate. How does broader risk sentiment impact the Mexican Peso? As an emerging-market currency, the Mexican Peso (MXN) tends to strive during risk-on periods, or when investors perceive that broader market risks are low and thus are eager to engage with investments that carry a higher risk. Conversely, MXN tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens.

Chronologiczny zapis wiadomości forex

11:14 SNB's Schlegel: Economic slowdown in Switzerland cannot be ruled out Swiss National Bank (SNB) Chairman Martin Schlegel warned on Friday that an “economic slowdown in Switzerland cannot be ruled out.”

10:31 ECB’s Holzmann: Next policy steps are completely open European Central Bank (ECB) policymaker Robert Holzmann said on Friday that “next policy steps are completely open.”

10:29 Pound Sterling attracts bids on upbeat UK Retail Sales data The Pound Sterling (GBP) bounces back against its major peers on Friday after the release of surprisingly positive United Kingdom (UK) Retail Sales data for March.

10:25 Chinese Foreign Ministry: China and US are not having any negotiations on tariffs Commenting on the trade talks with the United States (US), China's Foreign Ministry clarified that “China and the US are not having any consultations or negotiations on tariffs.”

09:55 NZD/USD Price Forecast: Holds losses below 0.6000, support appears at nine-day EMA The NZD/USD pair offers its recent gains registered in the previous session, trading around 0.5960 during early European trading hours on Friday.

09:52 Forex Today: US Dollar regains traction on renewed optimism about easing US-China tensions Here is what you need to know on Friday, April 25:

09:46 France Business Climate in Manufacturing came in at 99, above expectations (96) in April France Business Climate in Manufacturing came in at 99, above expectations (96) in April

09:45 EUR/GBP holds below 0.8550 on upbeat UK Retail Sales data The EUR/GBP cross loses momentum to near 0.8530 during the early European session on Friday. The Pound Sterling (GBP) strengthens against the Euro (EUR) after the stronger-than-expected UK economic data.

09:36 Palladium price today: Rare metals down at the start of the European session Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Friday, according to FXStreet data.

09:08 USD/CHF maintains position above 0.8300 due to US-China trade optimism USD/CHF recovered its previous session losses and is trading around 0.8320 during the Asian session on Friday.

09:00 United Kingdom Retail Sales ex-Fuel (MoM) above expectations (-0.3%) in March: Actual (0.5%) United Kingdom Retail Sales ex-Fuel (MoM) above expectations (-0.3%) in March: Actual (0.5%)

09:00 United Kingdom Retail Sales ex-Fuel (YoY) registered at 3.3% above expectations (2.3%) in March United Kingdom Retail Sales ex-Fuel (YoY) registered at 3.3% above expectations (2.3%) in March

09:00 United Kingdom Retail Sales (YoY) above expectations (1.8%) in March: Actual (2.6%) United Kingdom Retail Sales (YoY) above expectations (1.8%) in March: Actual (2.6%)

09:00 United Kingdom Retail Sales (MoM) came in at 0.4%, above expectations (-0.4%) in March United Kingdom Retail Sales (MoM) came in at 0.4%, above expectations (-0.4%) in March

08:56 China’s Politburo: Will cut the RRR and interest rates in a timely manner China held the Politburo meeting on Friday, with the key takeaways noted below.

08:04 GBP/USD breaks below 1.3300 as US Dollar appreciates on a potential US-China trade deal GBP/USD is retracing its recent gains, hovering around 1.3290 during Friday’s Asian session.

08:01 Singapore Industrial Production (MoM) rose from previous -7.5% to -3.6% in March Singapore Industrial Production (MoM) rose from previous -7.5% to -3.6% in March

08:01 Singapore Industrial Production (YoY) registered at 5.8%, below expectations (6.9%) in March Singapore Industrial Production (YoY) registered at 5.8%, below expectations (6.9%) in March

07:57 FX option expiries for Apr 25 NY cut FX option expiries for Apr 25 NY cut at 10:00 Eastern Time via DTCC can be found below.

07:38 India Gold price today: Gold falls, according to FXStreet data Gold prices fell in India on Friday, according to data compiled by FXStreet.

07:08 AUD/JPY hits multi-week high, around 92.00 amid signs of easing US-China trade tensions The AUD/JPY cross attracts some follow-through buyers for the third successive day and touches over a three-week top, around the 92.00 mark during the Asian session on Friday.

06:45 Gold price consolidates in a range; bulls have the upper hand while above $3,300 Gold price (XAU/USD) struggles to capitalize on the previous day's move higher and oscillates in a narrow trading band during the Asian session on Friday amid mixed fundamental cues.

06:36 China mulls suspending its 125% tariff on some US imports – Bloomberg Citing sources familiar with the matter, Bloomberg reported on Friday that China is mulling suspending its 125% tariff on some US imports including medical equipment, ethane and plane leasing.

06:32 WTI climbs toward $63.00, remains headed for a weekly loss amid oversupply worries West Texas Intermediate (WTI) Oil price extends its gains for a second straight day, trading around $62.80 during Friday's Asian session.

05:01 NZD/USD softens below 0.6000, eyes on US-China trade tensions The NZD/USD pair edges lower to around 0.5985 during the Asian session on Friday, pressured by the firmer Greenback. The lack of progress toward defusing the US-China trade deal exerts some selling pressure on the China-proxy Kiwi.

04:48 Australian Dollar edges lower due to persistent US-China trade tensions The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Friday, retreating after gains in the previous session.

04:15 PBOC sets USD/CNY reference rate at 7.2066 vs. 7.2098 previous On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2066 as compared to the previous day's fix of 7.2098.

03:53 GBP/USD weakens to near 1.3300 ahead of UK Retail Sales release The GBP/USD pair attracts some sellers to around 1.3310 during the early Asian session on Friday, pressured by the renewed US Dollar (USD) demand. The UK Retail Sales data for March will be the highlight later on Friday.

03:17 China's Finance Ministry: Current world economic growth momentum is insufficient China's Finance Ministry said on Friday that the current world economic growth momentum was insufficient, with tariff and trade wars further impacting economic and financial stability, per Reuters.

02:35 Japan Tokyo CPI ex Food, Energy (YoY) climbed from previous 1.1% to 2% in April Japan Tokyo CPI ex Food, Energy (YoY) climbed from previous 1.1% to 2% in April

02:34 Japan's Tokyo CPI inflation rises to 3.5% YoY in April The headline Tokyo Consumer Price Index (CPI) for April climbed 3.5% YoY as compared to 2.9% in the previous month, the Statistics Bureau of Japan showed on Friday.

02:30 Japan Tokyo Consumer Price Index (YoY) climbed from previous 2.9% to 3.5% in April Japan Tokyo Consumer Price Index (YoY) climbed from previous 2.9% to 3.5% in April

02:30 Japan Tokyo CPI ex Fresh Food (YoY) came in at 3.4%, above forecasts (3.2%) in April Japan Tokyo CPI ex Fresh Food (YoY) came in at 3.4%, above forecasts (3.2%) in April

02:01 United Kingdom GfK Consumer Confidence came in at -23, below expectations (-21) in April United Kingdom GfK Consumer Confidence came in at -23, below expectations (-21) in April

01:37 Fed’s Kashkari: Worried uncertainty may cause layoffs Federal Reserve Bank of Minneapolis President Neel Kashkari said late Thursday that he is worried that with the uncertainty, businesses will do layoffs.

01:30 Silver Price Forecast: XAG/USD holds ground near weekly highs Silver finished Thursday's session virtually unchanged, yet it remains near weekly highs of $33.65, with traders poised to push the grey metal higher.

01:25 BoJ’s Ueda: Uncertainty regarding global economy rising, must scrutinize impact on business Bank of Japan Governor Kazuo Ueda said on Thursday that the Japanese central bank will continue to raise interest rates if underlying inflation converges toward its 2% inflation target as projected.

01:00 EUR/JPY Price Analysis: Euro steadies near 162.00 as technical outlook remains mixed The EURJPY pair was seen trading near the 162.00 area on Thursday, holding steady ahead of the Asian session after a mildly choppy European trading day.

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