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Hello everyone, today Avatrade Aihua Foreign Exchange will bring you "[Aihua Foreign Exchange Platform]: Collection of positive and negative news that affects the foreign exchange market". Hope it will be helpful to you! The original content is as follows:
The following is a collection of positive and negative news that affects the foreign exchange market on April 29, 2025:
Dollar related news
Bearning factors: The poll results released by the US media on the 27th showed that Trump's approval rating hit the lowest record for the same period for presidents in 80 years. Most people are dissatisfied with the current economic situation in the US and are worried about the prospect of a recession. Gary, former director of the White House National Economic aihuatrade.commission? Cohen said on the 27th that American consumers will feel the painful effects of tariff policies in a few weeks, and small businesses and low-income groups will be hit harder. In addition, the US Treasury Department raised its forecast for the second quarter debt scale, expecting a net debt of US$514 billion in the second quarter, which is $391 billion higher than the February estimate, which may have a certain negative impact on the attractiveness of the US dollar, causing the US dollar index to fall 0.65% to 98.94.
Europe-related news
Bold factors: In the euro zone, the cooling of inflation has caused the European Central Bank to slow down the pace of interest rate hikes, which puts certain pressure on the euro. Concerns about economic growth are also continuing, and the overall economic environment is relatively fragile, which to some extent limits the euro's upward space.
Related news of GBP
Favoritative factors: UK inflation is stubborn, and the market bets that the Bank of England maintains high interest rates, making the GBP a "hard currency against declines". 1 GBP vs 9.6190 yuan, hitting a new high this year.
Badministrative factors: The British economic forecasting agency Ernst & Young Statistics Club lowered its UK economic growth expectations in 2025 and 2026, and its economic growth expectations in 2025 were lowered from 1% to 0.8%, and its economy in 2026 aihuatrade.comGrowth expectations were lowered from 1.5% to 0.9%. In addition, the UK's retail sales gap and expectations index performed poorly in April, which could have an adverse impact on the pound in the future.
JPY related news
Favoritable factors: The Bank of Japan insists on a loose strategy, but risk aversion caused by geopolitical tensions pushed up demand for the yen, the US dollar against the yen fell below 142.1650, and the 100 yen against the renminbi exchange rate rose.
RMB related news
Favorites: China's economic recovery is good, manufacturing PMI continues to expand, and foreign trade resilience supports the fundamentals of the RMB exchange rate. The People's Bank of China stated that it will continue to implement a moderately loose monetary policy, strengthen support for the real economy, adhere to a managed floating exchange rate system based on market supply and demand, referring to a basket of currencies, and maintain the basic stability of the RMB exchange rate at a reasonable equilibrium level, which will help stabilize the RMB exchange rate expectations.
Favorites: External factors such as the fluctuations of the US dollar index and the uncertainty of global economic growth may still have a certain impact on the RMB exchange rate. However, at present, the exchange rate of the RMB against major international currencies has shown a differentiated trend, and the overall stability has remained relatively stable.
Other currencies related news
Australia: In Australia, weak iron ore prices and slow domestic demand have put the Australian dollar under significant pressure, with 1 Australian dollar against 4.6242 yuan, down for two consecutive weeks.
Canadian: Affected by oil price fluctuations, the Canadian dollar has fluctuated recently, with 1 Canadian dollar against 5.2239 yuan.
South Korea won: South Korea's exports rebounded to support the Korean won, but geopolitical risks still exist.
Singapore dollar: Benefiting from safe-haven capital Gold inflows, the SGD performs steadily.
The above news has aihuatrade.complexity and uncertainty on different currencies. When trading for foreign exchange, investors need to consider various factors and pay close attention to market trends in order to make reasonable decisions.
The above content is all about "【Ihua Foreign Exchange Platform】: Collection of positive and negative news that affects the foreign exchange market". It was carefully aihuatrade.compiled and edited by the Avatrade foreign exchange editor. I hope it will be helpful to your trading! Thank you for your support!
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