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.
Goldman Sachs raised the probability of a U.S. recession to 35% from 20% and said it expects more rate cuts by the Fed, as Trump’s tariffs roil the global economy and upend financial markets. The brokerage also lowered the world’s largest economy’s GDP growth forecast for 2025 to 1.5% from 2.0%.
Ethereum’s native token, Ether has lost almost half its value two months after Eric Trump, son of US President Donald Trump, told his 5.7 million followers that it was a “great time” to add the biggest altcoin to their portfolios. Ether was trading for as low as $1,820, down approximately 40% since Eric Trump’s bullish tweet.
