The downward trend of the US dollar won additional impulse on Wednesday, fueled by concerns about the US economy and some renewed hope that the Trump administration could delay some planned tariffs.
Here is what you need to know on Friday, March 7:
The US dollar index (DXY) further backed down and broke the 104.00 support, reaching new minimums of several months. The publication of non -agricultural payroll will be the center of attention together with the unemployment rate. In addition, Powell, Kugler, Bostic, Bowman and Williams of the Fed are expected to speak.
The EUR/USD rose even more and reached new maximums of 2025 around the 1,0850 area after the weakness of the dollar and the cutting of the ECB. Another estimate of the GDP growth rate of the fourth quarter in the euro zone is scheduled, followed by the changes in quarterly employment and the factory orders of Germany. In addition, Lagarde and Buch of the ECB are expected to speak.
The GBP/USD reached new four months above 1,2900, although it finally ended the day just changing compared to the closing of Wednesday. The Halifax housing price index and the BBA mortgage rate will be published, followed by BOE Mann speeches.
The USD/JPY fell for the second consecutive day, this time going back to the region of 147.30, an area that was last negotiated in early October. The following on the Japanese agenda will be the average cash profits, the current account, the bank loan, the preliminary coincident index and the advanced economic index, as well as the Eco Watchers survey, all scheduled for March 10.
The Aud/USD won more impulse and reached maximum of several days about 0.6360, although it ran out of momentum later. The Westpac Consumer Trust Index will be the next publication in the Australian calendar on March 11.
WTI prices alternated profits and losses above the mark of 66.00 per barrel in the middle of the OPEC+plans, the uncertainty around US tariffs and the increase in crude oil reserves in the US.
Gold prices barely moved on Thursday, maintaining trade right above the level of $ 2,920 per Troy ounce amid a benefit environment and increased yields of the US bond bond bonds. U.U. Silver prices extended their rise to the area of ​​32.70 $, or maximum of two weeks.
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.
