What you need to take care of on Tuesday, April 2:
The US Dollar stands as the overall winner at the end of Monday, with some major markets remaining closed amid Easter Monday. The focus was on growth-related figures as the day started with China reporting an upbeat manufacturing output in March. The news, however, fell short of maintaining investors optimism.
Financial markets priced in Friday's news that US inflation, as measured by the Personal Consumption Expenditures (PCE) Price Index, held at 2.8% YoY in February. Following the report, Federal Reserve (Fed) Chairman Jerome Powell said the central bank is in no rush to hike rates amid still high inflation and a resilient economy.
Over the weekend, European Central Bank (ECB) officials delivered hawkish comments that also failed to boost the mood. Austrian Central Bank Governor Robert Holzmann said on Sunday that the ECB could cut interest rates before the US Fed. When the ECB would pull the trigger “will depend largely on what wage and price developments look like by June,” Holzmann added. Also, Bank of Greece Governor Yannis Stournaras put on the table several rate cuts for this year, saying it is “possible” to trim 25 basis points (bps) four times this year.
The US Dollar gathered momentum following the release of a much-better-than-anticipated United States (US) ISM Manufacturing PMI. The report showed that economic activity in the manufacturing sector expanded in March after contracting for 16 consecutive months, with the index jumping to 50.3 from 47.8 in February. At the same time, S&P Global also released the final estimate of its Manufacturing PMI, which was confirmed at 51.9, below the 52.5 expected but still with expansionary levels.
EUR/USD settled around 1.0740, not far from the February low at 1.0694. GBP/USD trades around 1.2545, while USD/CHF is comfortable above 0.9040. Commodity-linked currencies fell alongside US indexes, with AUD/USD trading around 0.6480 and USD/CAD up to 1.3580. Finally, the USD/JPY stands at 151.60.
Gold soared to $2,265 a troy ounce, a record high, before pulling back towards $2,240 mid-US afternoon.
US Dollar price today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Pound Sterling.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.48% | 0.72% | 0.43% | 0.72% | 0.17% | 0.61% | 0.31% | |
| EUR | -0.48% | 0.24% | -0.04% | 0.25% | -0.31% | 0.12% | -0.17% | |
| GBP | -0.73% | -0.25% | -0.29% | 0.01% | -0.57% | -0.12% | -0.42% | |
| CAD | -0.43% | 0.03% | 0.27% | 0.29% | -0.27% | 0.16% | -0.13% | |
| AUD | -0.73% | -0.25% | -0.01% | -0.30% | -0.56% | -0.13% | -0.42% | |
| JPY | -0.17% | 0.33% | 0.55% | 0.29% | 0.59% | 0.45% | 0.14% | |
| NZD | -0.61% | -0.13% | 0.11% | -0.16% | 0.12% | -0.45% | -0.31% | |
| CHF | -0.31% | 0.18% | 0.42% | 0.13% | 0.42% | -0.14% | 0.31% |
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).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
Gold retains solid gains after reaching fresh record highs Premium
Gold price hit yet another record high on Monday, as the US Dollar sell-off continued on the back of US President Donald Trump’s criticism of Federal Reserve Chair Jerome Powell, fueling concerns about the future of the US economy.
AUD/USD eases from fresh 2025 highs, holds above 0.6400 Premium
The Australian Dollar surged against its American rival to a fresh yearly high of 0.6437. The poor performance of Wall Street pushed AUD/USD lower ahead of the daily close, but broad USD weakness is likely to keep Aussie on the winning side.
EUR/USD hovers above 1.1500 as investors drop the USD
The EUR/USD pair traded as high as 1.1574 on Monday, retreating from the over three-year high as fears cooled in the American session. Still, Wall Street edged sharply lower amid concerns about the Federal Reserve's autonomy.
Bitcoin traders celebrate 3.125 BTC halving anniversary with $90K price prediction
Bitcoin price surges past $88,000 on Monday as traders mark the 3.125 BTC halving anniversary amid a rapid shift in investor focus away from USD-based investments.
Five fundamentals for the week: Traders confront the trade war, important surveys, key Fed speech Premium
Will the US strike a trade deal with Japan? That would be positive progress. However, recent developments are not that positive, and there's only one certainty: headlines will dominate markets. Fresh US economic data is also of interest.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.