Market Update – USD Steadies Amid Trade War Concerns!
The U.S. dollar started the week on a steady note, holding at 143.57 yen and $1.1360 per euro. However, the greenback is still down over 4% against both the euro and yen in April — marking its biggest monthly drop in more than two years.
Signs of easing tensions appeared last week as the U.S. showed openness to reducing tariffs and China exempted some goods from its 125% duties. Still, while Trump claims progress, Beijing has denied that any trade talks are happening. 
Key events to watch this week:
U.S. Nonfarm Payrolls report (Friday)
U.S. Q1 GDP data
Core PCE inflation (Fed’s preferred measure)
Europe’s GDP and preliminary inflation reports
Chris Turner from ING warns that market volatility may soon start to impact real-world decisions, especially in the U.S. labor market.
Bonus insights:
- AUD and NZD are trading near resistance levels.
- Canadian dollar remains stable ahead of the election.
- Bank of Japan’s monetary policy decision set for Thursday, with focus on economic outlook and currency discussions.
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