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Hello everyone, today Avatrade Aihua Foreign Exchange will bring you "【Avatradescn】: 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 collection of positive and negative news that affects the foreign exchange market on April 10, 2025:
Bad news
U.S. tariff policy continues to be under pressure: US President Trump said he is not considering suspending the imposition of tariffs. He expressed his interest in reaching an agreement with other countries on the tariff issue, but he also seriously considered retaining the tariff plan. This position has led to violent fluctuations in the global market, US bonds suffered a violent sell-off, 10-year US bond yields rose rapidly, UK 30-year Treasury yields once rose to a new high since 1998, and long-term interest rates were quickly repriced worldwide. Lawrence, professor of economics at Harvard University in the United States? Summers said the United States may be moving towards a recession at the moment, which could result in about 2 million Americans being unemployed and each family will face at least $5,000 in income losses.
Canada's tariff on US automobiles will take effect: After 0:00 on April 9, Canada's 25% tariff on US-made cars will take effect. Even if General Motors, Ford Motors, or avatradescn.comSterandis's U.S.-compliant parts that are not produced in Canada and Mexico will be taxed. This will undoubtedly further exacerbate trade tensions between the United States and Canada, and may have an adverse impact on the Canadian dollar and the US dollar.
Eye expectations of UK rate cuts are strengthened: Investors expect the Bank of England to cut further interest rates, market quotes show that the Bank of England's benchmark interest rate is expected to be cut by about 82 basis points by December, up from the expected end of March by about 43 basis points, and the marketIt is fully expected that the Bank of England will cut interest rates by 25 basis points in May. The pound is a pro-cyclical currency, and investors turned to safer currencies amid weak global investor sentiment and volatility. The pound hit a one-year low against the euro and fell to seven new lows against the Japanese yen.
Good news
European zone economic data is relatively stable: Although the overall economy is facing certain pressure, some economic data currently show relative stability. For example, on April 9, the euro closed at 1.0958 against the US dollar, up 0.42%. European Central Bank policymakers said there is no reason to cut interest rates further, which has stabilized market confidence in the euro to some extent. In addition, the market's expectations for the European Central Bank's interest rate policy are relatively stable. Nomura Securities expects the European Central Bank to keep interest rates unchanged in April, and Morgan Stanley expects the European Central Bank to cut interest rates by 25 basis points in September and December, respectively, and maintain the forecast of interest rate cuts in April and June. The overall expectations are relatively orderly and there are no major fluctuations.
The Swiss franc is supported by double positive factors: on the one hand, global trade tensions have triggered demand for hedging, and funds flow to traditional hedging assets such as gold and Swiss francs. On the other hand, the Swiss National Bank's policies are relatively stable, providing strong support to the Swiss franc. In the current market turbulence, the Swiss franc's safe-haven attributes make it perform relatively firmly in the foreign exchange market.
The Australian dollar showed some resilience: On April 9, although the Sino-US trade conflict continued, the Australian dollar/US dollar exchange rate showed unexpected resilience. The Australian dollar/USD hit a five-year low of 0.5910 in the Asian session, and then rebounded to 0.6029. From a technical analysis, 0.6023 is the 23.6% Fibonacci retracement level in the decline range of 0.6389 to 0.5910, showing certain technical support.
The above news has avatradescn.complexity and uncertainty on different currencies. Investors need to pay close attention to the development of these news and the market's reactions when conducting foreign exchange transactions in order to make reasonable decisions.
The above content is all about "【Ava Aihua Foreign Exchange】: Collection of positive and negative news that affects the foreign exchange market". It was carefully avatradescn.compiled and edited by the Avatrade Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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