Market Risk Appetite Improves, Dollar Comes Under Pressure

Amid broad gains in risk assets, further downward pressure pushed the dollar to multi-day lows. On April 24, durable goods orders and weekly mortgage applications will be released in Europe and the United States.

EUR/USD climbed to new highs while reclaiming the area above the 1.0700 mark. An index of German business climate tracked by the IFO institute will be released on April 24.

GBP/USD breaks firmly above the 1.2400 mark, breaking off a three-game losing streak. The UK’s only CBI Industrial Trends Order will be published on 24 April.

USD/JPY rallied to a fresh 34-year high near 154.90 amid further range trading and speculation that Japan will adopt FX intervention measures. On April 24, Japan released no economic data.

AUD/USD is gaining further upside momentum, approaching the key 0.6500 area, the multi-day high. Australia will publish inflation and the RBA’s monthly inflation indicator on April 24.

WTI oil prices started the week stronger, rising above the $83.00 mark, amid strong European PMI data, the prospect of a rate cut from the Federal Reserve and further sanctions on Iranian oil.

Gold has managed to rebound from multi-day lows near $2,290 amid declining safe-haven demand and easing geopolitical tensions. After bottoming out at three-week lows near $26.70, silver moved back above $27.00 before ending the day with a sharp gain.

USD latest articles

Popular exchange rates

foreign exchange

fxcurrencyconverter is a forex portal. The main columns are exchange rate, knowledge, news, currency and so on.

© 2023 Copyright fxcurrencyconverter.com