Next, what you need to know on Monday, March 24:
After overcoming their rivals for three consecutive days, the US Dollar (USD) He has difficulty finding demand at the beginning of the week. Later in the day, S&P Global will publish preliminary data from the purchasing managers index (PMI) of manufacturing and services for Germany, the Eurozone, the United Kingdom and the United States.
American dollar today
The lower table shows the percentage of US dollar change (USD) compared to the main coins today. American dollar was the weakest currency against the Australian dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.24% | -0.21% | 0.33% | -0.17% | -0.27% | 0.02% | -0.05% | |
| EUR | 0.24% | -0.08% | 0.05% | 0.11% | -0.05% | 0.31% | 0.23% | |
| GBP | 0.21% | 0.08% | 0.52% | -0.44% | -0.00% | 0.39% | 0.20% | |
| JPY | -0.33% | -0.05% | -0.52% | -0.50% | -0.63% | -0.30% | -0.40% | |
| CAD | 0.17% | -0.11% | 0.44% | 0.50% | -0.05% | 0.19% | 0.12% | |
| Aud | 0.27% | 0.05% | 0.00% | 0.63% | 0.05% | 0.37% | 0.28% | |
| NZD | -0.02% | -0.31% | -0.39% | 0.30% | -0.19% | -0.37% | -0.00% | |
| CHF | 0.05% | -0.23% | -0.20% | 0.40% | -0.12% | -0.28% | 0.00% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the US dollar of the left column and move along the horizontal line to the Japanese yen, the percentage change shown in the box will represent the USD (base)/JPY (quotation).
After the strong fall observed in the first half of March, the USD index closed the previous week in positive territory, supported by the cautious perspective of the Federal Reserve (Fed) on a greater relief of politics and some optimistic data in the United States. In the early hours of Monday, the USD index corrections down and fluctuates around 104.00. Meanwhile, the futures of the US stock market indices rise between 0.6% and 0.9% in the European morning, highlighting an improvement in the risk of risk. According to the Wall Street Journal, the White House is adjusting its focus on tariffs that will take effect on April 2, probably omitting a set of specific tariffs in the industry while applying reciprocal tariffs aimed at countries with significant commercial links with the US.
Australia data showed on Monday that the PMI composed of Judo Bank rose to 51.3 in the preliminary estimate of March from 50.6 in February. This reading stressed that economic activity in the private sector expanded at a slightly faster rate than in the previous month. After registering losses for four consecutive days, the AUD/USD Win traction and go up to 0.6300 in the European morning on Monday.
The vice governor of the Bank of Japan (Boj), Shinichi Uchida, told the Japanese Parliament on Monday that they will adjust the degree of monetary relief by increasing the policy rate, if economic and pricing perspectives will be achieved. Meanwhile, the manufacturing PMI of the Jibun Bank in Japan fell to 48.3 in March from 49 in February and the PMI of services dropped to 49.5 from 53.7. These figures showed that both sectors fell into contraction territory. Despite the sales pressure surrounding the USD, the USD/JPY progress slightly early Monday and is observed by quoting around 149.70.
After losing more than 0.5% the previous week, the EUR/USD Correct up to 1,0850 to start the European session on Monday.
He GBP/USD He registered losses on Thursday and Friday, closing the previous week practically unchanged. The pair clings to modest daily advances and quotes slightly below 1,2950 early Monday. Later in the day, the governor of the Bank of England, Andrew Bailey, will speak at a conference on “Growth in the United Kingdom economy” at Leicester University, England.
After the record rally observed in the first half of last week, the Gold He turned south and closed negatively on Thursday and Friday. After settling above $ 3,000, the Xau/USD seems to have entered a consolidation phase around $ 3.020 on Monday.
FAQS tariffs
Although tariffs and taxes generate government income to finance public goods and services, they have several distinctions. Tariffs are paid in advance in the entrance port, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, while tariffs are paid by importers.
There are two schools of thought among economists regarding the use of tariffs. While some argue that tariffs are necessary to protect national industries and address commercial imbalances, others see them as a harmful tool that could potentially increase long -term prices and bring to a harmful commercial war by promoting reciprocal tariffs.
During the election campaign for the presidential elections of November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy. In 2024, Mexico, China and Canada represented 42% of the total US imports in this period, Mexico stood out as the main exporter with 466.6 billion dollars, according to the US Census Office, therefore, Trump wants to focus on these three nations by imposing tariffs. It also plans to use the income generated through tariffs to reduce personal income taxes.
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.
