Market Recap

Monthly Market Recap

The US dollar strengthened broadly in April, with major currencies including the euro, British pound, and Australian dollar all falling around 2% or more against the greenback. The Japanese yen also weakened, with USD/JPY rising roughly 1.8%, though it held up slightly better than its peers. The Australian dollar was the hardest hit among the group, sliding 2.3% to finish the month near 0.698. Overall, the consistent losses across currencies against the dollar point to a month dominated by dollar demand, whether driven by rate expectations, risk sentiment, or global uncertainty.