Before trading enters the New York session shortly and ends the last day of trading for this April, let’s take a closer look at what has happened in the current financial markets.
The US dollar has maintained its strength to a 20 -year high after overcoming a high in 2017 based on the dollar index.
But investors will be wary of possible profit-taking activity this weekend against earlier trading positions after the US dollar maintained an excellent performance throughout the week.
The focus will be on next week’s FOMC meeting for an expected interest rate hike of up to 50 basis points by the Federal Reserve (Fed), while the Bank of England (BOE) and the Reserve Bank of Australia (RBA) are expected to raise interest rates by 25 basis points.
The Yen showed a slight strengthening in trading today after yesterday's decline following the ultra-dovish policy maintained by the Bank of Japan (BOJ) yesterday.
High -yielding currencies such as the Australian and New Zealand dollars also showed gains in trading today after the pressure of the strengthening US dollar over the weekend eased slightly.
The situation is similar for the European currencies Pound and Euro which also showed gains after each recorded the latest lows in Thursday's trading yesterday.
But it is not impossible that the major currencies in this rising market will lose again if the US dollar returns to the 'streak' in the New York session.
The forthcoming U.S. consumer personal spending index could drive the movement of the U.S. dollar at the close of weekend trading.
Gold and crude oil commodities also performed positively with gains since yesterday, but investors did not place high hopes on the volatile market situation at the moment.
