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S&P 500 — US Large Cap Index
NASDAQ 100 — Tech Growth Index
Dow Jones — Industrial Average
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
AED • EUR • GBP • USD IBANs   |   CROSS BORDER FX   |   LOCAL CURRENCIES   |   GLOBAL COVERAGE
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Today Markets – Forecasting The Upcoming Week

The US Dollar Index (DXY) is losing momentum near 98.00 as safe-haven demand fades on the reopening news, but downside remains limited amid lingering geopolitical risks.

Markets are experiencing fluctuations between relief and renewed caution as developments around the Strait of Hormuz continue to evolve. Earlier reports confirmed that this vital Oil chokepoint is “fully open and ready for full passage,” alleviating fears about prolonged supply disruptions.

However, new developments are complicating the situation. Reports suggest that Iran may consider closing the Strait of Hormuz again if the United States maintains its naval blockade, warning that such an action would be viewed as a violation of the ceasefire.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Euro.

USDEURGBPJPYCADAUDNZDCHF
USD-0.09%-0.17%-0.59%-0.23%-0.31%-0.16%-0.49%
EUR0.09%-0.08%-0.52%-0.15%-0.22%-0.08%-0.42%
GBP0.17%0.08%-0.45%-0.07%-0.14%0.01%-0.32%
JPY0.59%0.52%0.45%0.37%0.28%0.42%0.09%
CAD0.23%0.15%0.07%-0.37%-0.08%0.05%-0.26%
AUD0.31%0.22%0.14%-0.28%0.08%0.15%-0.19%
NZD0.16%0.08%-0.01%-0.42%-0.05%-0.15%-0.34%
CHF0.49%0.42%0.32%-0.09%0.26%0.19%0.34%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

EUR/USD is pushing higher toward the 1.1790 region, benefiting from the softer USD tone, although gains remain capped by cautious sentiment and mixed Eurozone data.

GBP/USD is also advancing near the 1.3550 level, supported by improved risk appetite as the pair attempts to recover recent losses amid a reassessment of global risks.

USD/JPY fell near the 158.20 price zone as the Japanese Yen (JPY) finds some support from residual safe-haven demand.

AUD/USD was one of the top performers earlier in the day, rallying sharply toward the 0.7200 region but later easing to near the 0.7180 price zone. Oil shock fears and improved global sentiment favor commodity-linked currencies.

West Texas Intermediate (WTI) Oil sharply declined to near the $83.00 per barrel, lower after the reopening of the Strait of Hormuz as supply concerns ease and risk premiums unwind. Still, prices remain vulnerable to sudden spikes if geopolitical tensions resurface.

Gold surged toward $4,865, even after safe-haven demand weakened amid ongoing uncertainty and the risk of renewed escalation in the Middle East.

Anticipating economic perspectives: Voices on the horizon

Tuesday, April 21:

  • ECB’s Nagel speech
  • ECB’s De Guindos speech
  • Fed’s Waller speech

Wednesday, April 22:

  • ECB’s Elderson speech
  • ECB’s Lane speech
  • BoE’s Breeden speech
  • ECB’s Lane speech
  • ECB’s Cipollone speech
  • ECB’s Sleijpen speech
  • ECB’s Nagel speech
  • ECB’s President Lagarde speech

Thursday, April 23:

  • ECB’s Nagel speech

Friday, April 24:

  • SNB Chairman Schlegel’s speech

Central banks’ meetings and upcoming data releases to shape

Monday, April 20:

  • China PBoC Interest Rate Decision
  • Germany PPI March
  • Canada CPIs
  • Canada BoC Business Outlook Survey
  • New Zealand Business Confidence Q1
  • New Zealand CPI Q1

Tuesday, April 21:

  • United Kingdom Labor Market Data
  • Germany ZEW Survey April
  • Eurozone ZEW Survey April
  • United States ADP Employment Change 4-week average
  • United States Retail Sales March
  • United States Pending Home Sales March
  • Japan Trade Balance March
  • Japan Exports March
  • Japan Imports March

Wednesday, April 22:

  • United Kingdom Inflation Data March
  • Eurozone Consumer Confidence April Prel
  • Australia S&P Global PMIs April Prel

Thursday, April 23:

  • Eurozone ECB Non-Monetary Policy Meeting
  • France HCOB PMIs April Prel
  • Germany HCOB PMIs April Prel
  • Eurozone HCOB PMIs April Prel
  • United Kingdom S&P Global PMIs April Prel
  • United States Initial Jobless Claims
  • United States S&P Global PMIs April Prel
  • United States New Home Sales March
  • United Kingdom GfK Consumer Confidence April
  • Japan Inflation Data March

Friday, April 24:

  • United Kingdom Retail Sales March
  • Germany IFO Survey April
  • Canada Retail Sales February
  • United States Michigan Data April
  • United States Inflation Expectations April
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The market information, analysis, commentary, forecasts and opinions contained in this publication are provided by Octalas Group Ltd on behalf of Today Markets and Currency Hedger using information and data obtained from sources believed to be reliable. However, Octalas Group Ltd, Today Markets and Currency Hedger do not warrant or guarantee the accuracy, completeness or timeliness of the information presented and accept no responsibility for any loss or damage arising from reliance upon information contained herein, to the extent permitted by applicable law.

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