On Thursday, Investors shifted to safe haven assets due to the rise of global tensions; however, traders have digested U.S. president Trump’s Wednesday controversial remarks, as he stated to the Wall Street Journal that, the dollar is "getting too strong."
The dollar index (DXY), which measures the greenback against a basket of currencies, recovered yesterday to 100.49.
Elsewhere, Gold soared above $1,288, the highest level recorded since November. The precious metal boosted yesterday as investors went to safe haven assets due to rising global tension around Syria and North Korea as well as the recent geopolitical tensions.
Meanwhile, U.S. president Trump’s Wednesday’s controversial remarks effect has declined. It is worth mentioning that the U.S. dollar declined materially yesterday after Trump’s statement “Getting too strong” during an interview recently published with wall street journal.
The sterling pound failed to settle above its Wednesday’s gains and declined to the support of $1.25 and, as the UK markets will be closed for Good Friday and Easter Monday.
The Greenback boosted yesterday due to a strong U.S. data as U.S. weekly jobless claim down to 234k and as the University of Michigan Consumer Sentiment Index for April rose to 98.0.
As many global financial markets will be closed in observance of Good Friday, the markets will be waiting for more US data, such as Consumer price indices, US retail sales and the Treasury Department's Report to Congress.
The most important economic events:
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