Jin10 reported on April 18 that Changshu Automotive Trim announced a revenue of 5.667 billion yuan for 2024, a year-on-year rise of 23.23%. The net profit attributable to shareholders of the listed company is 425 million yuan, a year-on-year decrease of 22.08%. The company intends to distribute 3.45 yuan (including tax) for every 10 shares to all shareholders.

The cost of betting on further dollar pump rose to the highest level in Options markets since November as demand for the dollar was driven by the resilience shown by the US economy. The dollar spot index also rose to a five-month high after stronger-than-expected U.S. retail sales data prompted traders to trim bets on the Federal Reserve cutting interest rates this year. USDJPY has hit a 34-year high and is at its strongest in five months against the euro, pound, AUD and NZD. The buying frenzy in the US dollar has even sparked speculation that USD/EUR will return to parity levels for the first time since November 2022. Leveraged funds are currently holding the largest bullish bet on the US dollar in two years long.

Both Deutsche Bank and Nomura said there was more room for the euro to rise, after Wednesday's weaker-than-expected U.S. inflation data prompted traders to trim bets on a Fed rate hike. Deutsche Bank recommends long EUR/USD with a target of 1.15 by the end of the year. Nomura also expects the euro to strengthen and recommends long EUR/USD with a target of 1.14 by the end of September.