Another positive week saw the Greenback reclaim the area beyond the 104.00 hurdle, advancing modestly on a weekly basis against the backdrop of the mixed performance in US yields and Fedspeak supporting a tighter-for-longer Fed’s stance.
Stronger-than-expected NFP readings lent support to the Greenback at the end of the week. The RCM/TIPP Economic Optimism Index is due on April 9, seconded by the Inflation Rate, Wholesale Inventories, and FOMC Minutes, all expected on April 10. On the next day, Producer Prices are due, and the preliminary Michigan Consumer Sentiment will close the week on April 12.
EUR/USD managed to reclaim the area above 1.0800, mostly on the back of Dollar weakness and risk appetite trends in the first part of the week. Germany’s Balance of Trade results are due on April 8, followed by the ECB meeting on April 11, and the final German Inflation Rate on April 12.
GBP/USD ended Friday’s session on the defensive, coming under pressure in the second half of the week on the back of the late bounce in the Greenback. The UK docket will see the BRC Retail Sales Monitor on April 9 ahead of GDP readings, Balance of Trade, Construction Output, and Industrial and Manufacturing Production, all due on April 12.
USD/JPY maintained its consolidation range below the 152.00 region once again this past week, always amidst persistent FX intervention fears. On April 8, the Eco Watchers Survey is due, along with Consumer Confidence on April 9. Additionally, Bank Lending figures and Producer Prices are expected on April 10, while Foreign Bond Investment and final Industrial Production are due on April 11 and April 12, respectively.
In quite a volatile week, AUD/USD revisited the area above 0.6600 the figure, although it ran out of some upside impetus towards the end of the week. On April 8, Home Loans are due ahead of the Westpac Consumer Confidence Index on April 9. Additionally, consumer inflation expectations come on April 11.
Anticipating Economic Perspectives: Voices on the Horizon
- BoE’s Breeden speaks on April 8.
- Fed’s Kashkari speak on April 9.
- Fed’s Goolsbee is due to speak on April 10.
- Fed’s Williams, Collins and Bostic speak on April 11 along with BoE’s Greene.
- BoE’s Greene, Fed’s Bostic and Daly all speak on April 12.
Central Banks: Upcoming Meetings to Shape Monetary Policies
- The BSP meets on April 8 (unch)
- The RBNZ, the BoC and the BoT meet on April 10 (unch).
- The ECB will decide on rates on April 11 (unch).
- The BoK meets on April 12 (unch).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks

GBP/USD drops to 1.2400 area after BoE cut, US data
GBP/USD trades deep in negative territory near 1.2400 on Thursday. Although the disappointing US data help the pair limit its losses, it struggles to gather recovery momentum following the Bank of England's decision to cut the policy rate by 25 bps.

EUR/USD stays below 1.0400 despite weak US data
EUR/USD stays on the back foot below 1.0400 in the second half of the day on Thursday. The cautious market stance supports the USD and doesn't allow the pair to gain traction, even after the data from the US showed that weekly Initial Jobless Claims rose to 219,000.

Gold alternates gains with losses below $2,870
Gold keeps its inconclusive price action below the $2,870 region per ounce troy on Thursday against the backdrop of a marked recovery in the Greenback and a mild rebound in US yields across the curve. Investors refrain from taking large positions ahead of Friday's key US jobs data.

The BoE: A meeting of contradictions
The Bank of England delivered a rate cut as expected on Thursday, however, it was the commentary that followed along with the BOE’s updated forecasts for growth and inflation that shocked investors, and the initial reaction to the report was dovish.

Top Trumps: The global economy’s House of Cards
The year has barely started and we are learning the hard way what Donald Trump’s second term in office means for markets, analysts and global policymakers. It's like living through an episode of the political thriller, House of Cards.

The Best Brokers of the Year
SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.