WhWhat you need to know on Friday 9th April:
The dollar fell against all of its major rivals except the pound. Satisfied comments from Federal Reserve Chief Powell, low government bond yields and weak US employment data put pressure on the US currency.
The GBP / USD pair held at the bottom of its weekly range, extending a few pips down to 1.3718 and stopping at 1.3740. Problems with the AstraZeneca vaccine keep weighing pounds sterling as the EMA found a “rare link” between prick and blood clots. However, the UK has given at least one dose of the coronavirus vaccine to roughly 50% of the population, dramatically reducing the number of daily deaths and infections.
EUR / USD rallied to 1.1927, maintaining most of its gains towards the end of the American session. Robert Holzmann, Chairman of the Austrian Central Bank, said that European Central Bank may start to cut bond purchases in the summer, providing support for the common currency.
European and US stocks posted moderate gains throughout the day, providing some support for commodity-pegged currencies. The Australian dollar found further support in the rally in gold prices as spot climbed to its highest level since March 1, ending the day at about $ 1,755.00 per troy ounce.
The headwind of XRP prices is quickly giving way to a strong tailwind