From Yahoo Finance: 2025-04-16 21:15:00

The U.S. dollar strengthened after recent weakness against other currencies, as the euro weakened following the European Central Bank’s seventh rate cut in a year. Traders are cautious amid ongoing U.S. trade talks, with President Trump expressing optimism about deals with China and Japan. The ECB’s dovish tone reflects concerns over the euro zone economy’s vulnerability to U.S. tariffs. Federal Reserve Chair Powell warned that Trump’s tariff policies could impact inflation and employment. Unemployment claims in the U.S. fell, indicating stable labor market conditions. The euro fell to $1.1351 and the dollar rose against the yen to 142.54. Trading volumes are low ahead of Good Friday. Other currencies, like the kiwi and Aussie, saw gains on positive economic data. Bitcoin also increased in value.



Read more at Yahoo Finance: Dollar benefits from selling exhaustion, ECB cuts rates