Here's what you need to know to trade today Monday March 25:
The US Dollar (USD) remains stable at the start of the new week, with the DXY Dollar Index moving sideways in a tight range above 104.00 on European morning Monday. Data from February new home sales and the Federal Reserve Bank of Chicago National Activity Index. Market participants will also pay close attention to comments from central bank officials.
Quote of the US dollar in the last 7 days
The following table shows the percentage change of the United States Dollar (USD) against the main currencies in the last 7 days.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.58% | 0.99% | 0.38% | 0.55% | 1.58% | 1.51% | 1.57% | |
| EUR | -0.59% | 0.40% | -0.20% | -0.04% | 1.00% | 0.93% | 0.98% | |
| GBP | -1.00% | -0.40% | -0.61% | -0.44% | 0.60% | 0.53% | 0.58% | |
| CAD | -0.38% | 0.21% | 0.61% | 0.17% | 1.21% | 1.14% | 1.19% | |
| AUD | -0.55% | 0.04% | 0.43% | -0.16% | 1.03% | 0.97% | 1.01% | |
| JPY | -1.61% | -1.02% | -0.55% | -1.22% | -1.05% | -0.09% | -0.02% | |
| NZD | -1.55% | -0.94% | -0.53% | -1.15% | -0.98% | 0.07% | 0.05% | |
| CHF | -1.59% | -0.99% | -0.59% | -1.20% | -1.03% | 0.01% | -0.05% |
The heat map shows the percentage changes of the major currencies against each other. The base currency is chosen in the left column, while the quote currency is chosen in the top row. For example, if you choose the Euro in the left column and scroll down the horizontal line to the Japanese Yen, the percentage change that appears in the box will represent EUR (base)/JPY (quote).
After the sharp drop during the American session last Wednesday, the DXY Dollar Index staged an impressive recovery and gained almost 1% for the week. Although investors are leaning towards a rate cut by the Federal Reserve (Fed) in June, encouraging macroeconomic data released in the United States highlighted the resilience of the US economy and helped the dollar outperform its rivals.
He USD/JPY fell slightly on Friday, but closed the week higher The pair fluctuates above 151.00 at the beginning of the week. Earlier in the day, Japan's top foreign exchange diplomat, Masato Kanda, stated that will take appropriate measures to respond to the excessive weakness of the Japanese Yen, reiterating that they have been closely watching the action in the currency markets with a high sense of urgency. Data from Japan showed the Leading Economic Index fell to 109.5 in January from 109.9 and the Coincident Index improved to 112.1 from 110.2.
He EUR/USD stabilized slightly above 1.0800 after posting losses for the second consecutive week. Eurostat will publish business and consumer sentiment data for March on Wednesday.
He GBP/USD fell to its lowest level since mid-February on Friday, below 1.2600, before erasing a small portion of its daily losses heading into the weekend. The pair remains calm near 1.2600 in the European morning on Monday. It is planned that Catherine Mannhead of monetary policy at the Bank of England (BoE), will give a speech later in the day.
The price of Gold posted big losses on Friday but ended up closing the week marginally higher. XAU/USD remains in a consolidation phase below $2,170 early on Monday.
After losing almost 1% on Friday, the AUD/USD rose during the Asian session on Monday, but has struggled to gain momentum to recover. The pair is trading within a tight range above 0.6500 in the European morning.
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.
