Forexlive Americas FX news wrap: US dollar struggles to get off the floor ...Middle East

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Trump: There is virtually no inflationTrump highlights 'good meetings' on tariffs and IranFed's Goolsbee: We've got short-run inflation expectations up but not long-termAWS reportedly hitting the brakes on data center expansionUS a leading index for March -0.7% versus -0.5% estimatePutin: Fighting resumes after the "Easter Truce"Pope Francis dies at 88

Gold up $93 to $3420US 10-year yields up 8 bps to 4.41%WTI crude oil down $1.27 to $63.41S&P 500 down 2.7%EUR leads, USD lags

'Sell America' was the theme right from the open of trading as the White House failed to achieve any concrete progress on trade and the market grows impatient. Trump wrote about non-tariff barriers early in the day and that set the tone but was followed up with another attack on Fed Chairma Powell in US hours.

At this point there isn't much more to say but a fresh sign of the market losing confidence was that a Trump post about 'good meetings' on trade did almost nothing for risk assets or the dollar. We're at the point where the market needs to see real progress or gravity will weigh on stocks and the dollar.

This article was written by Adam Button at www.forexlive.com.

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