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UN Secretary-General António Guterres strongly condemns Saturdays attack on the UN Interim Force in Lebanon, which resulted in the death of a French peacekeeper and injuries to three others.On April 19th, Iranian Parliament Speaker Mohammad Ghalibaf posted on social media, stating, "In the third war imposed upon us, we have undoubtedly surpassed our past capabilities in offensive strategy and design, a fact already proven on the battlefield." Ghalibaf claimed that Iran shot down approximately 180 drones, a capability it lacked previously. The downing of the F-35 was not accidental, but rather a comprehensive operation at the technological and design levels, from which the enemy has recognized Irans capabilities and direction. He emphasized that Iran is not militarily stronger than the United States, which possesses more resources, equipment, and experience, and Israel, as its proxy, is also very powerful. However, Iran successfully repelled its enemies through asymmetric warfare design and preparation. While the enemy has money and resources, it has repeatedly made mistakes in strategic decision-making and military design. Ghalibaf also criticized the US government for claiming "America First," but in reality prioritizing Israel and making decisions based on false information from Israel.April 19 – Asian Development Bank President Masato Kanda stated that the yen could face further pressure if the market perceives the Bank of Japan as too slow to address inflation risks. Kanda, a former top foreign exchange diplomat for Japan, told reporters Friday evening that investors are buying dollars during periods of global tension, partly because the US is an oil exporter, but even if these positions are unwound, the yen is unlikely to appreciate significantly against the dollar. He said, “The biggest reason is the interest rate differential. With the market particularly focused on potential actions by the Federal Reserve, if many believe the Bank of Japan will lag behind the curve in addressing inflation risks, the yen will be left behind.” Speaking in Washington this week at meetings of the International Monetary Fund and the World Bank Group, Kanda added that investors might also sell yen if they are concerned about Japan’s fiscal sustainability.The China Earthquake Networks Center officially reported that a magnitude 3.4 earthquake occurred at 05:27 on April 19 in Ando County, Nagqu City, Tibet (32.62 degrees north latitude, 90.36 degrees east longitude), with a focal depth of 10 kilometers.U.S. State Department: All parties agreed to facilitate the free movement of humanitarian personnel, assets, and humanitarian convoys.

EUR/USD Recovers Near 1.0820 Following a New Yearly Low of 1.0760

Larissa Barlow

Apr 15, 2022 10:21

The EUR/USD pair has had a brief pullback following Thursday's new yearly low of 1.0757. The shared currency suffered a sharp sell-off following the European Central Bank's (ECB) announcement of an unchanged interest rate policy, which was broadly in line with market expectations.

 

Technically, the ECB President Christine Lagarde's maintenance of the status quo was already an expectation, and hence the commentary's dovish tone compelled market players to drop the euro. Lagarde clarified the ECB's interest rate guidance, noting that a rate hike will occur only after the 'Asset Purchase Program' (APP) concludes in the third quarter.

 

The dovish position on future policy announcements is justified by Europe's precarious condition, which includes a higher inflation rate of 7.5% and a poor growth rate amid the Ukraine conflict. The ECB's predicament is about to deteriorate further as oil prices are poised for another upward swing and energy expenses continue to torment European families.

 

Meanwhile, the US dollar index (DXY) has regained momentum as US Treasury yields have firmed. The DXY is balancing above 100.00 and is likely to extend gains given the volatility in global markets during the long weekend. The yield on the 10-year US Treasury note has snapped a two-session losing trend and reclaimed a three-year high of 2.83 percent. US Treasury yields rise on the Federal Reserve's (Fed) aggressive tightening intentions, as Fed President and FOMC member John Williams stated on Thursday that the Fed should consider a 50 basis point (bps) interest rate hike in May's monetary policy.

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