With Europe entering a four-day holiday weekend, investors may be on guard against sharp price fluctuations caused by light trading volume

With Europe entering a four-day holiday weekend, investors may be on guard against sharp price fluctuations caused by light trading volume

15.04.2022

Yesterday, the U.S. dollar emerged as the strongest currency during U.S. trading hours, and the GBP/USD pair fell by approximately 110 pips from 1.314 to 1.303.The U.S. dollar also strengthened against the euro, with the EUR/USD pair falling 160 pips and currently trading around 1.080. U.S. Treasury yields are rising across both short- and long-term maturities, with the yield on the 30-year U.S. Treasury note standing at 2.92%, just shy of 3%.

Among European currencies, the euro was the weakest after the ECB announced at its policy meeting yesterday that it would keep interest rates unchanged and end its asset-purchase program.The euro also fell against the weakening yen, with the EUR/JPY pair experiencing a particularly sharp decline among the yen crosses, dropping approximately 140 pips from 136.93 to 135.51.

Today’s economic indicators include the French Consumer Price Index at 15:45, Turkish home sales at 16:00,the U.S. New York Fed Manufacturing Index at 21:30, U.S. Industrial Production and Capacity Utilization at 22:15, and U.S. Foreign Investment in U.S. Securities at 29:00. As Europe begins a four-day holiday weekend today and the U.S. will have a shortened trading session, investors should be wary of sharp price fluctuations due to light trading volume.