Dollar extends drop as China doesn’t blink first

April 11, 2025
-FXnews

EUR/USD briefly clipped the 1.1400 mark while USD/JPY is now looking to secure a firmer break under 143.00 in trading today. The latter is now trading to its lowest levels since September last year:

From a technical perspective, the 140.00 mark is the next target on the charts. But at this point, headline risks are paramount.

Besides that, USD/CHF continues to eat into the lows set all the way back in 2015 when the SNB did the rug pull on the EUR/CHF floor. Man, has it been 10 years already? The pair is now down another 1.1% to 0.8140 currently.

Elsewhere, US futures are dribbling lower with S&P 500 futures down 0.3%. 30-year Treasury yields are at 4.875% so the good news at least is that the pressure on the bond market isn’t tipping it over towards 5% just yet

Dollar extends drop as China doesn’t blink first

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