{"id":283381,"date":"2024-04-15T13:19:40","date_gmt":"2024-04-15T07:49:40","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=283381"},"modified":"2024-04-15T13:19:40","modified_gmt":"2024-04-15T07:49:40","slug":"us-dollar-consolidates-gains-at-multi-month-highs-as-focus-remains-on-geopolitics-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/us-dollar-consolidates-gains-at-multi-month-highs-as-focus-remains-on-geopolitics-crypto-news\/","title":{"rendered":"US Dollar consolidates gains at multi-month highs as focus remains on geopolitics – Crypto News"},"content":{"rendered":"

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Here is what you need to know on Monday, April 15:<\/p>\n

Growing expectations for a delay in the Federal Reserve’s (Fed) policy pivot and escalating geopolitical tensions fuelled an impressive US Dollar (USD) rally last week. After rising over 1.5% in the previous week and touching its highest level since early November, the USD Index stays in a consolidation phase at around 106.00 early Monday. NY Empire State Manufacturing Index and Retail Sales data will be featured in the US economic docket<\/a>.<\/p>\n

Over the weekend, Iran launched an assault with dozens of drones\u00a0in retaliation to the suspected Israeli attack on Iran\u2019s consulate in Damascus on 1 April. “Iran, if necessary, will not hesitate to take further defensive measures to safeguard its legitimate interests against any military aggressions and unlawful use of force,” the Iranian Foreign Ministry said in a statement. Meanwhile,\u00a0UN Secretary-General Antonio Guterres condemned Iran\u2019s drone attacks targeting Israel as a \u201cserious escalation\u201d and called on all sides to show restraint to avoid a devastating regional conflagration.<\/p>\n

Following Friday’s sharp decline seen in Wall Street, US stock<\/a> index futures trade modestly higher to start the new week.<\/p>\n

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US Dollar price in the last 7 days<\/h2>\n

The table below shows the percentage change of US Dollar (USD) against listed major currencies in the last 7 days. US Dollar was the strongest against the Euro.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\nUSD<\/strong><\/td>\nEUR<\/strong><\/td>\nGBP<\/strong><\/td>\nCAD<\/strong><\/td>\nAUD<\/strong><\/td>\nJPY<\/strong><\/td>\nNZD<\/strong><\/td>\nCHF<\/strong><\/td>\n<\/tr>\n
USD<\/strong><\/td>\n\u00a0<\/td>\n1.65%<\/td>\n1.27%<\/td>\n1.12%<\/td>\n1.37%<\/td>\n1.45%<\/td>\n1.11%<\/td>\n1.08%<\/td>\n<\/tr>\n
EUR<\/strong><\/td>\n-1.68%<\/td>\n\u00a0<\/td>\n-0.38%<\/td>\n-0.54%<\/td>\n-0.28%<\/td>\n-0.20%<\/td>\n-0.54%<\/td>\n-0.59%<\/td>\n<\/tr>\n
GBP<\/strong><\/td>\n-1.28%<\/td>\n0.39%<\/td>\n\u00a0<\/td>\n-0.15%<\/td>\n0.11%<\/td>\n0.18%<\/td>\n-0.16%<\/td>\n-0.20%<\/td>\n<\/tr>\n
CAD<\/strong><\/td>\n-1.13%<\/td>\n0.54%<\/td>\n0.16%<\/td>\n\u00a0<\/td>\n0.25%<\/td>\n0.34%<\/td>\n0.00%<\/td>\n-0.04%<\/td>\n<\/tr>\n
AUD<\/strong><\/td>\n-1.39%<\/td>\n0.28%<\/td>\n-0.10%<\/td>\n-0.26%<\/td>\n\u00a0<\/td>\n0.08%<\/td>\n-0.26%<\/td>\n-0.31%<\/td>\n<\/tr>\n
JPY<\/strong><\/td>\n-1.45%<\/td>\n0.22%<\/td>\n-0.15%<\/td>\n-0.31%<\/td>\n-0.06%<\/td>\n\u00a0<\/td>\n-0.30%<\/td>\n-0.35%<\/td>\n<\/tr>\n
NZD<\/strong><\/td>\n-1.13%<\/td>\n0.53%<\/td>\n0.15%<\/td>\n0.00%<\/td>\n0.27%<\/td>\n0.33%<\/td>\n\u00a0<\/td>\n-0.05%<\/td>\n<\/tr>\n
CHF<\/strong><\/td>\n-1.08%<\/td>\n0.58%<\/td>\n0.20%<\/td>\n0.05%<\/td>\n0.30%<\/td>\n0.38%<\/td>\n0.04%<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)\/JPY (quote).<\/p>\n

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Middle East tensions escalate over the weekend after Iran attacks Israel.<\/strong><\/em><\/a><\/p>\n

Gold<\/strong> opened higher and advanced above $2,370 in the early Asian session before retreating below $2,360 by the European morning.<\/p>\n

EUR\/USD<\/strong> suffered heavy losses on Friday and broke below 1.0700. The pair seems to have stabilized at around 1.0650 in the early European session. Eurostat will release Industrial Production data for February later in the day.<\/p>\n

GBP\/USD<\/strong> lost 1.5% last week and registered its largest one-week decline since July. The pair stays relatively quiet below 1.2500 on Monday.<\/p>\n

Japanese Finance Minister Shunichi Suzuki repeated on Monday that he is \u201cwatching FX moves closely,” adding that he wants to be fully-prepared when asked about the broad Yen weakness. USD\/JPY<\/a><\/strong> closed the previous week decisively higher and continued to push higher early Monday. At the time of press, the pair was trading at its highest level in over three decades near 154.00.<\/p>\n

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Risk sentiment FAQs<\/h2>\n
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In the world of financial jargon the two widely used terms \u201crisk-on\u201d and \u201crisk off” refer to the level of risk that investors are willing to stomach during the period referenced. In a \u201crisk-on\u201d market, investors are optimistic about the future and more willing to buy risky assets. In a \u201crisk-off\u201d market investors start to \u2018play it safe\u2019 because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest.<\/p>\n<\/section>\n

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Typically, during periods of \u201crisk-on\u201d, stock markets will rise, most commodities \u2013 except Gold \u2013 will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a \u201crisk-off\u201d market, Bonds go up \u2013 especially major government Bonds \u2013 Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit.<\/p>\n<\/section>\n

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The Australian Dollar (AUD), the Canadian Dollar (CAD), the New Zealand Dollar (NZD) and minor FX like the Ruble (RUB) and the South African Rand (ZAR), all tend to rise in markets that are \u201crisk-on\u201d. This is because the economies of these currencies are heavily reliant on commodity exports for growth, and commodities tend to rise in price during risk-on periods. This is because investors foresee greater demand for raw materials in the future due to heightened economic activity.<\/p>\n<\/section>\n

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The major currencies that tend to rise during periods of \u201crisk-off\u201d are the US Dollar (USD), the Japanese Yen (JPY) and the Swiss Franc (CHF). The US Dollar, because it is the world\u2019s reserve currency, and because in times of crisis investors buy US government debt, which is seen as safe because the largest economy in the world is unlikely to default. The Yen, from increased demand for Japanese government bonds, because a high proportion are held by domestic investors who are unlikely to dump them \u2013 even in a crisis. The Swiss Franc, because strict Swiss banking laws offer investors enhanced capital protection.<\/p>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Here is what you need to know on Monday, April 15: Growing expectations for a delay in the Federal Reserve’s (Fed) policy pivot and escalating geopolitical tensions fuelled an impressive US Dollar (USD) rally last week. After rising over 1.5% in the previous week and touching its highest level since early November, the USD Index […]<\/p>\n","protected":false},"author":2,"featured_media":32134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,351,257,276,255,250,333,277,252,247,253,411,249,256,254],"class_list":["post-283381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-commodities","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-macroeconomics","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-riskaversion","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/283381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=283381"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/283381\/revisions"}],"predecessor-version":[{"id":283383,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/283381\/revisions\/283383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/32134"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=283381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=283381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=283381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}