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Hello everyone, today Avatrade Aihua Foreign Exchange will bring you "【Avatradescn Forex 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:
The following is a must-read for trading on April 7, 2025. A collection of positive and negative news about the positive and negative news that affects the foreign exchange market:
U.S. tariff policy triggered a chain reaction
Bad-term US dollar: Trump announced the implementation of "reciprocal tariffs" measures, which are widely targeted in many countries, with tariffs starting from 10% and reaching a maximum of 49%. This policy has sparked market concerns about a global recession, and investors have sold the dollar one after another. On April 3, the US dollar index fell to 2.3%, falling below 102, the first time since October last year.
Benefits currencies such as the euro: Although tariffs have an impact on the global economy, the market expects the European Central Bank to take measures such as interest rate cuts to deal with it. In contrast, the market still has certain expectations for the resilience of the euro zone economy. On April 3, the euro rose 2.5% against the US dollar during the day and is now at 1.11.
Risk aversion sentiment is warming up, and the yen is good for the yen
News drive: The US tariff policy is seen as a "tsunami" that impacts the global economy and may avatradescn.completely change the existing economic order. Affected by this, investors around the world have sought hedging, and the yen, as a traditional hedging currency, is favored by the market.
Market performance: On April 3, the US dollar hit 146 downwards against the yen, continuing to hit a new low since October last year, down 2.18% intraday.
The RBA keeps interest rates unchanged and affects the Australian dollar
Neutral short AUD: On April 1, the RBA announced that it would maintain the benchmark interest rate at 4.1%. Although in line with market expectations, the market originally hoped that the RBA would release more signals of interest rate cuts to cope with the impact of global trade tensions on the Australian economy. The Australian dollar is relatively weak in a lack of expectations of further easing, but April 3Affected by the weakening of the US dollar, the Australian dollar/US dollar rebounded slightly.
Economic data expectations affect the foreign exchange market
U.S.: The market had previously been pessimistic about the U.S. economic growth in the first quarter. The average forecast of 14 economists on GDP and inflation showed that the U.S. economic growth in the first quarter was only 0.3%. If the subsequent economic data will continue to fall short of expectations, it will further suppress the US dollar.
Canadian: Canadian employment rate data for March will be released at 20:30 on April 4, 2025. The market expects that the performance of this data will affect the subsequent policy trend of the Bank of Canada. If the data is positive, it will be beneficial to the Canadian dollar, otherwise it will be negative.
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