empty

2025.04.0719:31:00UTC+00U.S. Dollar Appreciates Amid Risk Aversion

The U.S. dollar advanced against its major counterparts in the New York session on Monday amid risk aversion, as President Donald Trump threatened to impose additional tariffs on China.

Trump announced additional 50% tariffs on China, if it does not lift its retaliatory duties.

"If China does not withdraw its 34 percent increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose additional tariffs on China of 50 percent, effective April 9th," Trump said in a Truth Social post.

U.S. stocks fell after the White House dismissed news that Trump is considering a 90-day pause in tariffs for all countries except China.

The greenback climbed to 4-day highs of 148.14 against the yen and 0.8674 against the franc, from an early low of 144.81 and more than a 6-month low of 0.8451, respectively. The currency is poised to challenge resistance around 153.00 against the yen and 0.90 against the franc.

The greenback rose to near a 5-week high of 1.2709 against the pound. If the currency continues its uptrend, 1.26 is possibly seen as its next resistance level.

The greenback advanced to a 5-year high of 0.5506 against the kiwi. The greenback may face resistance around the 0.535 level.

The greenback recovered to 1.0899 against the euro and 0.5944 against the aussie. In the previous session, the greenback touched a 4-day high of 1.0877 against the euro and a 5-year high of 0.5930 against the aussie. The currency is seen finding resistance around 1.06 against the euro and 0.58 against the aussie.

In contrast, the greenback fell to 1.4178 against the loonie, from an early 4-day high of 1.4295. The currency is seen finding support around the 1.37 level.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST


Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.