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Forex Today: US Dollar sell-off continues as Trump attacks Powell once again
Here is what you need to know on Tuesday, April 22:
EUR/USD
US Dollar Index
Fxstreet
Apr 21, 2025
Australian Dollar strengthens on improved sentiment despite lingering China risks
The Australian Dollar (AUD) regained ground on Monday, lifting toward the 0.6400 area during the American session, as improving risk sentiment and a broadly weaker US Dollar (USD) helped AUD/USD shake off recent losses.
AUD/USD
Fxstreet
Apr 21, 2025
Bitcoin traders celebrate 3.125 BTC halving anniversary with $90K price prediction
Bitcoin price surges past $88,000 on Monday as traders mark the 3.125 BTC halving anniversary amid a rapid shift in investor focus away from USD-based investments.
Bitcoin
Fxstreet
Apr 21, 2025
US Dollar collapses to fresh three-year lows as Fed independence questioned
The US Dollar Index (DXY) trades deep in the red on Monday, sliding toward the 98.50 region and marking a new three-year low.
US Dollar Index
Fxstreet
Apr 21, 2025
Gold price explores past $3,400 as Trump-Powell clash sparks Fed independence fears
Gold price begins the week on a higher note, gaining over 2.56% and refreshing a previous record high as the precious metal hits $3,430 on uncertainty about comments that threat to curtail the Federal Reserve’s (Fed) independence.
Gold
Fxstreet
Apr 21, 2025
USD/CAD price analysis: Dollar dips as political pressure mounts on the Fed
The USD/CAD pair continues to drift lower on Monday, trading near the 1.3800 level as the US Dollar remains on the defensive following a wave of political headlines.
USD/CAD
Fxstreet
Apr 21, 2025
EUR/USD Price Analysis: Euro climbs as bullish bias holds after European session gains
The EUR/USD pair is gaining traction on Monday’s session, rising to the 1.1500 region and marking a 1% intraday increase. The pair sits mid-range between 1.1391 and 1.1572, with bullish sentiment supported by price action and technical indicators.
EUR/USD
Fxstreet
Apr 21, 2025
GBP/USD soars toward 1.34 as traders question Fed’s independence
The Pound Sterling rallies sharply by over 0.70% on Monday as investors grew distrustful of US policymakers after White House Economic Adviser Hassett stated that Trump is seeking ways to sack Fed Chair Jerome Powell.
GBP/USD
Fxstreet
Apr 21, 2025
JPY up 1% with markets focused on trade talks April 24 – Scotiabank
Japanese Yen (JPY) is up an impressive 1.0% against the US Dollar (USD) but a mid-performer among the G10 currencies in an environment of material USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD/JPY
Fxstreet
Apr 21, 2025
GBP a mid-performer as markets await BoE Government speech – Scotiabank
Pound Sterling (GBP) is up 0.8% against the US Dollar (USD) and relative underperformer against its European currency peers CHF, EUR and SEK.
GBP/USD
Fxstreet
Apr 21, 2025
EUR outperforming on relative risk & central bank policy – Scotiabank
Euro (EUR) is up an impressive 1.25% against. the US Dollar (USD) and outperforming all of the G10 currencies with the exception of Swiss Franc (CHF), Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR/USD
Fxstreet
Apr 21, 2025
CAD firmer but underperforms G10 peers – Scotiabank
USD/CAD traded briefly on a 1.37 handle earlier for the first time since October, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD/CAD
Fxstreet
Apr 21, 2025
USD slides on Fed independence threat – Scotiabank
The sell-off in the USD and US assets generally has resumed.
US Dollar Index
Fxstreet
Apr 21, 2025
Altcoin Season Beckoning: What's behind Sui, Stacks and Fartcoin price rallies?
The cryptocurrency market gains strength on Monday, led by select altcoins like Sui, Stacks (STX) and Fartcoin, following another round of instability in United States (US) markets caused by President Trump's administration's plan to shake up the Federal Reserve (Fed), and possibly fire Fed Chair Je
Bitcoin
Fxstreet
Apr 21, 2025
Bitcoin Price Forecast: BTC soars above $87,000 amid $500 million Bitcoin Reserve Bill debate on Wednesday
Bitcoin (BTC) price breaks and trades above its key resistance level of $85,000 at the time of writing on Monday after facing multiple rejections the previous week.
Bitcoin
Fxstreet
Apr 21, 2025
USD/CAD Price Forecast: Declines to near 1.3800 as US Dollar nosedives
The USD/CAD pair slides to near 1.3800 in Monday’s European session, the lowest level seen in six months. The Loonie pair slumps as the US Dollar (USD) underperforms its peers, with the Federal Reserve (Fed) under threat from United States (US) President Donald Trump.
USD/CAD
US Dollar Index
Fxstreet
Apr 21, 2025
NZD/USD Price Forecast: Breaks above 0.6000, next barrier appears near six-month highs
The NZD/USD pair extends its winning streak that began on April 9, trading around 0.6010 during early European trading hours on Thursday. Technical indicators on the daily chart point to a bullish bias, with the pair holding above the nine-day Exponential Moving Average (EMA).
NZD/USD
Fxstreet
Apr 21, 2025
Altcoins to watch this week: ONDO and SUI bulls aim for double-digit gains
Ondo (ONDO) and SUI (SUI) prices gain nearly 5% at the time of writing on Monday, after a slight decline in the previous week. Both altcoins are approaching their key resistance levels; a breakout would indicate a bullish rally ahead.
Fxstreet
Apr 21, 2025
Is Solana poised to regain competitive edge as markets digest Trump's push to replace Fed Chair Powell?
Solana (SOL) price moves higher during the early European session on Monday, with its value growing by more than 2% in the day to exchange hands at $140 at the time of writing.
Bitcoin
Solana
Fxstreet
Apr 21, 2025
Forex Today: US Dollar selloff resumes after Good Friday, Gold renews record high
Here is what you need to know on Monday, April 21:
Fxstreet
Apr 21, 2025
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