FOREX TODAY: AFTER THE NFP, FEARS ABOUT US INFLATION AND GLOBAL ECONOMY ARE IN THE SPOTLIGHT.

What you should know for next week is as follows:

The markets continue to move swiftly in which Silicon Valley Bank (SVB) wasn't well-known. Weaker economic data seem to be the first sign of the global economy after the banking crisis. The Federal Reserve (Fed), which went from a projected “higher for longer interest rates to a turmoil,” and which has no forward direction. The bond market's prediction of “higher for longer” rates was revised to one by the third quarter due to concerns about global economic growth. After recent statistics, the March US Jobs report, the Federal Reserve (Fed) and several central banks seem ready for the last round of interest rate increases.

The upcoming week's inflation figures may provide some insight into the potential direction. Tuesday is the deadline for the FOMC minutes, Wednesday is the deadline for the March Consumer Price Index, and Thursday is the deadline for the Producer Price Index. Consumer standing will be revealed on Friday by information on retail sales and consumer confidence.

The usage of the outflow of bank deposits will be monitored. Although concerns about the banking industry are starting to fade, it is still too soon to declare victory. A new earnings season will begin next week. Tuesday will see the release of China's March inflation data, and Thursday will see the release of its trade data.

The start of the week seems to be going to be calm because it will be a holiday in many countries. The market will resume on Tuesday. The March US jobs report will be taken by traders. The statistics confirmed the predictions. Even though the increase in nonfarm payrolls was only 236,000, it was the smallest gain in two years. Yet, it still shows a healthy employment market.

Following the NFP, the US Dollar Index rose on Friday, but it dropped for the fourth week in a row, hovering around 102.000. New monthly lows were hit, although it recovered a little as US yields stabilized. The European Central Bank's hardline forecasts helped EUR/USD rise, and it finished the week at its highest level in a year (ECB). The euro is approaching the 1.1000 mark.

One of the best performers this week was The Pound. The GBP/USD exchange rate increased for the fourth week in a row, reaching its best close since June 22, but it was unable to maintain above 1.2500. A recession is predicted by the bond market. USD/JPY held steady in a well-known range, closing around 132.00. Kazuo Ueda takes over as governor of the Bank of Japan in lieu of Hurohiko, ushering in a new era.

The Canadian dollar with the potent of the currencies used to trade commodities due to the rise in the price of crude oil and the better-than-expected data from Canada. After hitting a low of 1.3400, the USD/CAD rose to 1.3500, recouping losses. The Bank of Canada will release its monetary policy on Wednesday. The benchmark interest rate is anticipated to remain at 4.50%.

As a result of increase prices of crude oil and better-than-expected data from that nation, the Canadian Loonie has the most potent currency in the world of commodity trading. From a low of 1.3400, the USD/CAD rose to 1.3500, containing losses. The Bank of Canada will announce its monetary policy on this upcoming Wednesday. The key interest rate is anticipated to remain at 4.50%.