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What you need to know on Thursday, April 8:

The dollar suffered against its European rival throughout the first half of the day, recovering unevenly in the American afternoon. The EUR/USD pair surged to 1.1914 but trimmed daily gains ahead of the close, ending the day in the 1.1816 price zone.

GBP/USD, on the other hand, plummeted since the beginning of the European session despite the easing dollar’s demand, settling in the 1.3720 price zone.

Commodity-linked currencies fell against the greenback amid the sour tone of global equities.

Dollar gains were limited as US Treasury yields remained subdued, ticking higher ahead of Wall Street ´s close.

The US Federal Reserve unveiled the Minutes of its latest meeting. The document showed that officials see “some time” Before substantial progress toward employment and inflation goals.  There were no disagreements among policymakers, neither signs of tapering in the near-term.

US President Joe Biden offered a press conference on his investment plan but said nothing new. He repeated that the tax increases won’t it people making less than $400,000 a year, proposing a corporate tax of 28%. He added that he is “willing to listen to a proposal for lower than 28% corporate tax rate.”

The European Medicines Agency finalized its review of the AstraZeneca vaccine and concluded that blood clots are a “very rare side effect” of the shot. The UK said that the risk of blood clots is higher for under-30s, and the local authority recommended providing a different vaccine for that age group.  Meanwhile, the UK has started using the Moderna vaccine after buying 17 million doses of the jab.

Gold edged lower, settling at 1,736 a troy ounce. Crude oil prices hovered within familiar levels, with WTI posting a modest advance and finishing the day at $ 59.60 a barrel.

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