With the start of the four-day weekend in Europe, investors may be on guard against sharp price fluctuations caused by light trading

With the start of the four-day weekend in Europe, investors may be on guard against sharp price fluctuations caused by light trading

15.04.2022

Yesterday, the U.S. dollar emerged as the strongest currency during U.S. trading hours, with the GBP/USD pair falling 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 30-year yield at 2.92%, just shy of the 3% mark.

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 yen crosses, dropping approximately 140 pips from 136.93 to 135.51.

Today’s economic indicators include the French Consumer Price Index at 3:45 p.m., Turkish home sales at 4:00 p.m., the U.S. New York Fed Manufacturing Index at 9:30 p.m., U.S. industrial production and capacity utilization at 10:15 p.m., and U.S. securities investment at 11:00 p.m.As Europe begins a four-day holiday weekend today and the U.S. market will have a shortened trading session, investors should be on guard for sharp price fluctuations due to thin trading volume.