On April 8 2025 the USD/CNH exchange rate reached an all-time high touching a level of 7.4273. This was obviously a market reaction on the tit for that trade war escalation between the US and China, Rabobank's macro analyst Teeuwe Mevissen reports.
In retrospect, last week saw a continuation of the Pound Sterling (GBP) performance throughout the year. There was a wealth of interesting news, including new data, speeches by Bank of England officials and statements by the finance minister.
EUR/USD struggles for the second successive session, trading around 1.1660 during the Asian hours on Monday.