Investors should watch for the upside potential of the U.S. dollar, which rose following U.S. President Trump’s remarks about suspending tariffs

Investors should watch for the upside potential of the U.S. dollar, which rose following U.S. President Trump’s remarks about suspending tariffs

10.04.2025

In the previous day’s U.S. currency trading, the U.S. dollar strengthened toward the end of the U.S. trading session following reports that President Trump had announced a 90-day suspension of reciprocal tariffs. The EUR/USD pair fell from 1.1094 to 1.0914, moving below the 20-period moving average on the hourly chart.On the 4-hour chart, the pair has pulled back after hitting resistance at the +2σ line of the Bollinger Bands, while on the daily chart, support at the 10-day moving average continues to hold.

Among European currencies, the pound rose against the US dollar. The GBP/JPY pair climbed from 184.388 to 189.813, rebounding up to the 200-period EMA on the hourly chart. While the RSI on the 4-hour chart has risen from 19 to 54, the daily chart continues to trade below the 20-period MA. We will be watching to see if the pound’s rebound holds during European trading hours.

Today’s economic indicators include the UK RICS House Price Index at 8:01, Japan’s Domestic Corporate Goods Price Index and Japan’s Foreign and Domestic Securities Investment at 8:50, remarks by RBA Governor Block at 19:00, South Africa’s Manufacturing Output at 20:00, U.S. Initial Jobless Claims and U.S. Consumer Price Index at 21:30, and Canada’s Housing Starts at22:00: Remarks by U.S. Federal Reserve Vice Chair Breeden; 23:00: Remarks by U.S. Federal Reserve Governor Bowman; 23:30: U.S. weekly natural gas inventories. We should watch for upside potential in the U.S. dollar, which has risen following U.S. President Trump’s remarks regarding a tariff suspension.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed