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Hello everyone, today XM Foreign Exchange will bring you "【XM Foreign Exchange Market Comments】: 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:
Bearning factors: The poll results released by the US media on the 27th showed that Trump's approval rating hit the lowest record for the same period for presidents in 80 years. Most people are dissatisfied with the current economic situation in the US and are worried about the prospect of a recession. Gary, former director of the White House National Economic Commission? Cohen said on the 27th that American consumers will feel the painful effects of tariff policies in a few weeks, and small businesses and low-income groups will be hit harder. In addition, the US Treasury Department raised its forecast for the second quarter debt scale, expecting a net debt of US$514 billion in the second quarter, which is $391 billion higher than the February estimate, which may have a certain negative impact on the attractiveness of the US dollar, causing the US dollar index to fall 0.65% to 98.94.
Bold factors: In the euro zone, the cooling of inflation has caused the European Central Bank to slow down the pace of interest rate hikes, which puts certain pressure on the euro. Concerns about economic growth are also continuing, and the overall economic environment is relatively fragile, which to some extent limits the euro's upward space.
Favoritative factors: UK inflation is stubborn, and the market bets that the Bank of England maintains high interest rates, making the GBP a "hard currency against declines". 1 GBP vs 9.6190 yuan, hitting a new high this year.
Bold factors: The British economic forecasting agency Ernst & Young Statistics Club lowered its UK economic growth expectations in 2025 and 2026, lowered its economic growth expectations from 1% to 0.8% in 2025, and lowered its economic growth expectations from 1.5% to 0.9% in 2026. In addition, the United KingdomThe CBI retail sales gap and expectations index also performed poorly in April, which could have an adverse impact on the pound in the future.
Favoritable factors: The Bank of Japan insists on a loose strategy, but risk aversion caused by geopolitical tensions has pushed up demand for the yen, the US dollar against the yen exchange rate fell below 142.1650, and the 100 yen against the renminbi exchange rate rose.
Favoritable factors: China's economic recovery is good, manufacturing PMI continues to expand, and foreign trade resilience supports the fundamentals of the RMB exchange rate. The People's Bank of China stated that it will continue to implement a moderately loose monetary policy, strengthen its support for the real economy, adhere to a managed floating exchange rate system based on market supply and demand, referring to a basket of currencies, and maintain the basic stability of the RMB exchange rate at a reasonable equilibrium level, which will help stabilize the RMB exchange rate expectations.
Badfast factors: External factors such as fluctuations in the US dollar index and uncertainties in global economic growth may still have a certain impact on the RMB exchange rate. However, at present, the exchange rate of the RMB against major international currencies has shown a differentiated trend, and the overall situation has remained relatively stable.
Australia: In Australia, weak iron ore prices combined with slowing domestic demand have put the Australian dollar under significant pressure, with 1 Australian dollar falling against 4.6242 yuan for two consecutive weeks.
Canadian: Affected by the fluctuations in oil prices, the Canadian dollar has fluctuated recently, with 1 Canadian dollar against 5.2239 yuan.
Korea Won: South Korea's exports rebound support the won, but geopolitical risks remain.
Singapore dollar: Benefiting from the inflow of safe-haven funds, the SGD performed soundly.
The above news has complexity and uncertainty on different currencies. When Investors conduct foreign exchange trading, they need to comprehensively consider various factors and pay close attention to market trends in order to make reasonable decisions.
The above content is all about "【XM Foreign Exchange Market Review】: 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!
Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues: