The U.S. dollar fell against major currencies such as the euro, and sterling on Wednesday, while the safe-haven yen tumbled, as traders awaited U.S. President Donald Trump’s plans for tariffs, which could reshape the global trading system.
The Pound-Dollar pair traded sideways in the last session. The MACD is giving a positive signal.
Support: 1.2882 | Resistance: 1.2957
As the weekend deadline for TikTok to find a buyer approaches, bidders for the short-video social media site are piling up. Amazon is the latest to throw their hats into the ring for TikTok. The site faces an April 5 deadline to reach a deal to find a non-Chinese buyer under threat of being banned from the United States.
The yen rose and the dollar index fell as investors digested the latest round of U.S. economic data ahead of tariff announcements from the Trump administration due today. U.S. manufacturing contracted in March after two consecutive months of expansion.
The Dollar-Yen pair fell 0.3% in the last session. The MACD is giving a positive signal.
Support: 148.95 | Resistance: 150.29
U.S. investors poured a record $10.6 billion into ETFs focused on European stocks in the first quarter, seven times the inflows recorded a year earlier. As U.S. President Trump’s tariffs and economic policies fuel uncertainty across markets, European equities have emerged as a bright spot.
U.S. buyers snapped up more pickup trucks and SUVs in the first quarter from a year earlier in the run-up to President Trump’s tariffs on auto imports, which could raise prices. GM topped the list with a 17% jump in sales, aided by demand for its affordable crossover SUVs.
The Canadian dollar weakened against its U.S. counterpart to start the week, giving back some monthly gains, as investors grew risk-averse ahead of U.S. trade tariffs expected to be unveiled this week.
