The dollar showed some signs of life on Monday, partially reversing the downward trend amid concerns about tariffs and constant tensions around the performance of the US economy.
Here is what you need to know on Tuesday, March 11:
The US dollar index (DXY) recovered the 104.00 zone, although it kept the trade near minimums of several months after a remarkable setback in US yields throughout the curve. The NFIB Business Optimism Index will be published followed by Jolts employment offers and the API weekly report on US crude oil inventories.
The EUR/USD failed to extend its upward march on Monday, facing slight pressure always below the 1,0900 region. In the absence of data publications in the next few days, the attention will focus on the Ecofin meeting and the speeches of Lagarde, Nagel and Lane of the ECB.
The Rally in the GBP/USD seems to have found a solid resistance around the 1,2950 region so far, causing a marking to minimum of several days at the beginning of the week. The BR retail sales monitor will be the center of attention to the other side of the puddle.
The safe refuge demand supported the additional appreciation of the Japanese Yen, sending the USD/JPY well below the 147.00 support for the first time since the beginning of October. The growth rate of the final GDP of the fourth quarter of Japan will be in the center of the debate, followed by household spending figures.
The Aud/USD joined the recent decline and broke the 0.6300 support, reaching minimum of three days about 0.6270, an area coinciding with the 55 -day SMA. The Westpac consumer’s confidence indicator will be published followed by NAB business confidence.
WTI prices, American reference, resumed their downward trend, returning below the $ 67.00 brand amid the incessant uncertainty around US tariffs.
Gold prices joined the current downward trend, falling for the third consecutive day and re -testing minimums of several days about $ 2,880 per Troy ounce. Silver prices backed down further and broke below the 32.00 area per ounce, reaching minimum of three days.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
