Here’s what you need to know on Friday, April 18:
The main currency pairs remain on Friday on Friday, when commercial volumes dilute and the main markets remain closed in adherence to Easter. The economic calendar will not offer any high -level data publications, paving the way to a subdued market share at the weekend.
The price of an American dollar this month
The table below shows a percentage change in the US dollar (USD) compared to the main currencies this month. The American dollar was the weakest in relation to the Swiss franc.
| USD | EUR | GBP | JPy | BOOR | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -4.95% | -2.70% | -5.05% | -3.80% | -2.07% | -4.94% | -7.45% | |
| EUR | 4.95% | 2.39% | -0.16% | 1.15% | 2.82% | -0.05% | -2.68% | |
| GBP | 2.70% | -2.39% | -2.49% | -1.22% | 0.41% | -2.39% | -4.96% | |
| JPy | 5.05% | 0.16% | 2.49% | 1.32% | 3.17% | 0.77% | -2.54% | |
| BOOR | 3.80% | -1,15% | 1.22% | -1.32% | 1.71% | -1,18% | -3.79% | |
| Aud | 2.07% | -2.82% | -0.41% | -3.17% | -1.71% | -2.79% | -5.35% | |
| NZD | 4.94% | 0.05% | 2.39% | -0.77% | 1.18% | 2.79% | -2.64% | |
| CHF | 7.45% | 2.68% | 4.96% | 2.54% | 3.79% | 5.35% | 2.64% |
The heat map shows percentage changes in the main currencies towards each other. The basic currency is collected from the left, and the quote currency is collected from the upper order. For example, if you choose an American dollar on the left column and move along the horizontal line to Japanese Jen, the percentage shift displayed in the field will represent USD (base)/JPy (quote).
The European Central Bank (EBC) announced on Thursday that it reduced key rates by 25 base points (BPS) after the April politics meeting, as expected. At a press conference, after the meeting, the President of EBC Christine Lagarde refrained from indicating the next politics movement, but admitted that the economic perspectives of the euro area are overcast with uncertainty. EUR/USD He joined the EBC after the incident and ended the day in a negative territory. Early Friday, the couple change into a compact channel above 1.1350.
Data from the US showed on Thursday that the weekly initial unemployed claims dropped to 215,000 from 224,000 last week. Meanwhile, US President Donald Trump said on Thursday that China contacted the administration to talk about tariffs and added that he believed that he concluded a contract with China. . American dollar (USD) The index closed a slightly higher and stabilized around 99.50 on early Friday.
After obtaining over 3% on Wednesday, Gold On Thursday, he pushed higher during the Asian session and reached a up-to-date record level 3357 USD. In the second half of the day, Xau/USD corrected the lower, probably due to the profit and settled in the amount of USD 33,27 per week.
GBP/USD Closed on a positive territory on Thursday and stretched higher in the direction of 1.3280 before entering the consolidation phase.
USD/JPY It trades in a narrow team below 142.50 on Friday and remains on the right track to losses after the third week in a row. The Governor of the Japan Bank Kazuo Ueda repeated on Friday that they would raise interest rates if the basis of inflation accelerates 2%to the target.
FAQ tariff
Tariffs are customs duties taken for some imports of goods or product category. The tariffs are designed to support local producers to be more competitive on the market, providing price advantage compared to similar goods that can be imported. The tariffs are widely used as tools of protectionism, along with trade barriers and import amounts.
Although both tariffs and taxes generate government income to finance public goods and services, they have several distinctions. The tariffs are paid at the entrance port and the taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, and the tariffs are paid by importers.
There are two schools of thinking among economists regarding the operate of tariffs. While some say that tariffs are necessary to protect national industries and solve the problem of commercial imbalance, others perceive them as a harmful tool that can potentially enhance prices in the long-term perspective and lead to a harmful trade war by encouraging Tit-For Tatt tariffs.
During the fall to the presidential election in November 2024, Donald Trump explained that he was going to operate the tariffs to support the US and American producers. In 2024, Mexico, China and Canada constituted 42% of total US imports. According to the American office of the population, Mexico was distinguished as the best exporter by $ 466.6 billion. That is why Trump wants to focus on these three nations by applying tariffs. It also plans to operate revenues generated by tariffs to reduce personal income taxes.
