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Hello everyone, today XM Foreign Exchange will bring you "【XM Foreign Exchange Platform】: Collection of positive and negative news that affects the foreign exchange market". Hope it will be helpful to you! The original content is as follows:
Benefits: US President Trump's claim to suspend the implementation of tariffs is out of demand for flexibility. This statement has eased market concerns about trade tensions to a certain extent, helped to enhance market confidence in the US dollar, and pushed the US dollar index to rise. The US dollar index rose 0.5% to 100.17 points. US Treasury bonds rose on April 15, yields approached the intraday low in the late trading, medium- and long-term swap spreads widened, and the 10-year Treasury bond yield closed down by about 5.5 basis points to around 4.315%, which made the attractiveness of US Treasury bonds stronger, attracting funds to flow into the United States, and indirectly supporting the US dollar.
Bad negative: The Trump administration's capricious tariff policy is still a major concern for the market. Despite the statement of suspending the implementation of tariffs, the previously announced investigations on drug and semiconductor imports still make the market's concerns about the trade war lingering, and investors remain cautious about the outlook for the US economy. In addition, the market also has uncertainty about the Fed's future interest rate policy. Although the Fed's current interest rate policy is relatively cautious, the potential risks faced by economic growth may prompt the Fed to take further easing measures in the future, which is a potential negative factor for the US dollar.
Holding side: According to Sina Foreign Exchange, as of 5:00 on April 16, 2025, the euro-USD exchange rate fell below 1 euro to 1.1282 US dollars, a drop of -0.6289%. The ECB is expected to end a two-dayThe interest rate was cut by 25 basis points during the meeting, which would further reduce the appeal of the euro. Moreover, German investor confidence in April was the strongest decline since the Ukrainian issue in 2022 due to uncertainty caused by U.S. tariffs, which also weighed on the euro.
Favorite: There is no obvious positive news to support the euro. However, analysts from Dutch International Group (ING) believe that the euro/dollar is one of the most overvalued currency pairs. The transfer from US assets to European assets, coupled with the weakening of the dollar's safe-haven appeal, may continue to justify the euro's overvalued to a certain extent, but this is not a substantial positive factor.
Favorite: The dollar rose 0.12% against the yen to 143.16 yen, but it is still almost the same as the six-month low of 142.05 hit last Friday. Japanese Economic Regeneration Minister Ryomasa Akazawa said on Tuesday that Japan will seek to completely cancel additional tariffs imposed by Trump, and he will launch a three-day visit to Washington, which is expected to provide some support to the yen if positive results are achieved.
Bad front: Japan's economy faces some challenges, such as the impact of global trade tensions on its exports. Moreover, uncertainty in US tariff policies and concerns about slowing global economic growth have also made the yen less outstanding in safe-haven demand.
Australia dollar, New York dollar: The Australian dollar rose 0.32% against the US dollar to US$0.6345; the New York dollar rose 0.39% against the US dollar to US$0.5899, and earlier hit US$0.5943, the highest since November 13. This is mainly due to the market's relatively optimistic expectations for the Australian and New Zealand economy, as well as the relative stable attitude of central banks in interest rate policies, which attracted investors to buy the Australian and New Zealand dollars.
Renminbi: Onshore RMB closed at 7.3151 yuan against the US dollar at 03:00 on April 16, Beijing time, down 61 points from Monday's night trading, with a trading volume of US$43.435 billion. The RMB exchange rate has fluctuated to a certain extent due to factors such as the rebound of the US dollar index and global trade tensions. However, China's stable economic growth and policy support will provide a solid foundation for the RMB exchange rate in the long run.
The above content is all about "【XM Foreign Exchange Platform】: Collection of positive and negative news that affects the foreign exchange market". It was carefully compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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