The Greenback retreated from recent peaks, sponsoring some much-needed respite in the risk-linked universe as European investors returned to their desks following the extended Easter holidays.
Here is what you need to know on Wednesday, April 3:
The Greenback came under renewed selling pressure and forced the USD Index (DXY) to recede to 104.70 following recent peaks beyond 105.00. On April 3, the ADP Employment Change takes centre stage, seconded by the final S&P Global Services PMI and the ISM Services PMI. In addition, the Fed's Bowman, Goolsbee, Barr, Kugler, and Powell are all due to speak.
EUR/USD managed to regain some balance and bounced off multi-week lows near 1.0720 on the back of the Dollar’s weakness. On April 3, the advanced Inflation Rate in the euro area will be in the spotlight, along with the Unemployment Rate.
GBP/USD set aside three daily negative sessions and advanced modestly on Tuesday, briefly challenging the 1.2580 region on the back of the resurgence of some selling interest in the Dollar.
USD/JPY maintained its consolidative phase unchanged, always above the 151.00 level and surrounded by persistent concerns over a potential FX intervention.
AUD/USD rose markedly and left behind part of the recent weakness, regaining at the same time the area beyond 0.6500 the figure. On April 3, the Ai Group Industry Index is due.
Prices of WTI rose to a new 2024 high past the $85.00 mark per barrel, underpinned by escalating geopolitical tensions.
Gold prices rose to an all-time high near the $2,280 level per troy ounce on the back of strong safe-haven demand. Its cousin Silver advanced nearly 4% and surpassed the $26.00 mark per ounce for the first time since May 2023.
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
EUR/USD climbs above 1.1650 area on improving risk mood
EUR/USD extends its daily rally and trades above 1.1650 in the American session on Friday. The sharp decline seen in the 1-year Consumer Inflation Expectations component of the UoM Consumer Sentiment Index weighs on the US Dollar and helps the pair push higher.
GBP/USD rises above 1.3450 on USD weakness
GBP/USD gathers bullish momentum and trades above 1.3450 on Friday after struggling to find direction on Thursday. The positive shift seen in market mood and the pullback seen in US consumer inflation expectations hurt the US Dollar and support the pair heading into the weekend.
Gold extends daily recovery beyond $3,350
Gold gains traction on Friday and clings to daily gains above $3,350. Renewed US Dollar (USD) weakness and retreating US Treasury bond yields allow XAU/USD to edge higher, while the upbeat market mood limits the pair's upside.
Bitcoin nears all-time high, Ethereum eyes $4,000, Ripple sets new record
Bitcoin price is trading above $120,000 on Friday, inching closer to its all-time high of $123,218. Ethereum price has surged by over 20% so far this week, with bulls aiming for the $4,000 level next. Ripple has taken center stage, reaching a new record high of $3.66 on Friday, signaling renewed demand and optimism across the market.
China’s first-half growth remains on track, though activity data signals caution
China's second-quarter GDP beat forecasts again with a 5.2% year-on-year growth, driven by strong trade and industrial production. Yet sharper-than-expected slowdowns in fixed-asset investment and retail sales and falling property prices are a concern.
Best Brokers for EUR/USD Trading
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.