Top forex news

Here are the top forex news stories for the day:

1. US Dollar Strengthens as Treasury Yields Rise

The US dollar index (DXY) rose to a one-week high on Tuesday, driven by a surge in Treasury yields. The 10-year yield climbed to 1.74%, its highest level since March, as investors bet on a stronger economy and inflation. The dollar's strength was also supported by a decline in the euro and pound.

2. Eurozone Inflation Rate Falls Short of Expectations

The eurozone's inflation rate fell to 1.2% in March, missing expectations of 1.3%. The decline was attributed to lower energy prices and a slowdown in the pace of economic growth. The data has raised concerns about the eurozone's ability to meet its inflation target of "close to, but below" 2%.

3. UK GDP Growth Slows in Q1

The UK's gross domestic product (GDP) grew at a slower pace in the first quarter, expanding by 0.1% compared to the previous quarter. The data was weaker than expected, and has raised concerns about the impact of Brexit on the economy.

4. China's Trade Surplus Widens in March

China's trade surplus widened to $32.6 billion in March, driven by a surge in exports. The data has raised hopes that China's economy is recovering from a slowdown in the fourth quarter.

5. Oil Prices Rise as OPEC Cuts Output

Oil prices rose on Tuesday, driven by a decline in OPEC output and a decline in US crude inventories. Brent crude oil rose to $69.50 per barrel, its highest level since January.

6. US-China Trade Talks Resume

US and Chinese trade negotiators resumed talks on Tuesday, with the two sides seeking to reach a deal on trade and tariffs. The talks are seen as crucial for the global economy, as a trade war between the two countries could have significant implications for markets and businesses.

7. Australian Dollar Falls as RBA Cuts Interest Rates

The Australian dollar fell to a one-week low on Tuesday, after the Reserve Bank of Australia (RBA) cut interest rates to a record low of 0.75%. The move was seen as a response to slowing economic growth and declining inflation.

8. Swiss Franc Strengthens as SNB Keeps Interest Rates Steady

The Swiss franc rose to a one-week high on Tuesday, after the Swiss National Bank (SNB) kept interest rates steady. The move was seen as a sign of confidence in the Swiss economy, and has boosted the franc's value.

9. Canadian Dollar Falls as GDP Growth Slows

The Canadian dollar fell to a one-week low on Tuesday, after data showed that the country's GDP growth slowed in the first quarter. The data has raised concerns about the impact of a global slowdown on the Canadian economy.

10. Japanese Yen Falls as BOJ Keeps Interest Rates Steady

The Japanese yen fell to a one-week low on Tuesday, after the Bank of Japan (BOJ) kept interest rates steady. The move was seen as a sign of confidence in the Japanese economy, and has boosted the yen's value.

These are the top forex news stories for the day. Remember to always stay up to date with the latest market news and analysis to make informed trading decisions.