Friday’s trading was dominated by USD/NZD – US Dollar New Zealand Dollar which signed a 0.0047 has rose to 1.5109.
The DXY index obtained 0.0048 while trading within 101.71 range for most of day before closing. The DXY is in green on YTD basis, getting today at 0.0596.
EUR/USD
The EUR/USD exchange rate lost, the pair is now traded at 1.0715, losing in this market session around -0.0073 or -0.0079 pips. Analysts’ projection for the short term is Neutral.
USD/CAD
The USD/CAD exchange rate surge, the pair is now traded at 1.2726, gaining in this market session around 0.0013 or 0.0016 pips. Analysts’ projection for the short term is Strong Sell.
USD/JPY
The USD/JPY exchange rate lost, the pair is now traded at 128.04, losing in this market session around -0.0041 or -0.52 pips. Analysts’ projection for the short term is Strong Buy.
USD/NZD
The USD/NZD exchange rate gained, the pair is now traded at 1.5109, gaining in this market session around 0.0047 or 0.0071 pips. Analysts’ projection for the short term is Strong Sell.
The AUD/USD exchange rate gained, the pair is now traded at 1.5109, gaining in this market session around 0.0047 or 0.0071 pips. Analysts’ projection for the short term is Strong Sell.
GBP/USD
The GBP/USD exchange rate lost, the pair is now traded at 1.2742, losing in this market session around -0.0074 or -0.0095 pips. Analysts’ projection for the short term is Strong Buy.
According to an article from DailyFX published in early April 2022, April is typically a month where there is a risk-on tone, which means investors are more willing to take risks. This can lead to a weaker US dollar and a stronger performance from European currencies, such as the Euro and the British Pound. The article also mentions that April is a good month for stock markets and gold prices.
It’s important to note that this is just a general outlook, and there are many factors that can influence the currency market. These factors can include economic data releases, interest rate decisions by central banks, and geopolitical events.
