Here is what you need to know on Thursday, March 27:
He US Dollar (USD) Fight to maintain its early strength on Thursday while market participants evaluate the latest developments around the US commercial policy in the second half of the day, the US Economic Analysis Office will announce its final review of the data of the Gross Domestic Product of the Fourth Quarter. The economic calendar will also include the initial weekly unemployment applications and the sales data of February pending housing in the US.
US dollar price this week
The lower table shows the percentage of the US dollar change (USD) compared to the main currencies this week. American dollar was the strongest currency against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.45% | -0.01% | 0.71% | -0.57% | -0.64% | -0.20% | 0.10% | |
| EUR | -0.45% | -0.57% | -0.24% | -0.98% | -1.10% | -0.61% | -0.31% | |
| GBP | 0.00% | 0.57% | 0.72% | -1.04% | -0.57% | -0.04% | 0.15% | |
| JPY | -0.71% | 0.24% | -0.72% | -1.26% | -1.35% | -0.88% | -0.61% | |
| CAD | 0.57% | 0.98% | 1.04% | 1.26% | -0.01% | 0.37% | 0.67% | |
| Aud | 0.64% | 1.10% | 0.57% | 1.35% | 0.00% | 0.51% | 0.81% | |
| NZD | 0.20% | 0.61% | 0.04% | 0.88% | -0.37% | -0.51% | 0.37% | |
| CHF | -0.10% | 0.31% | -0.15% | 0.61% | -0.67% | -0.81% | -0.37% |
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).
US President Donald Trump announced Wednesday that they are planning to impose a 25% tariff on all car imports to the US Trump said that automotive tariffs will be permanent and will take effect on April 2. Later in the day, Reuters reported that the Trump administration could allow up to a month of extension for imports of car parts. In a publication in social networks on Thursday, Trump said they will impose large -scale tariffs, “much greater than is currently planned,” to Canada and the European Union if they cause economic damage to the US.
After reaching its highest level in two weeks about 104.70, the USD index rides on Thursday and fluctuates below 104.50. Meanwhile, the futures of the US stock market indices quote mixed after the main Wall Street indices closed in negative territory on Wednesday.
USD/JPY He registered profits on Wednesday and deleted the losses on Tuesday. The pair remains stable around 150.50 in the European morning on Thursday. The chief secretary of the Japanese Cabinet, Yoshimasa Hayashi, said Thursday that they have asked the US again to exempt Japan from automotive tariffs.
EUR/USD It fell to its lowest level in two weeks about 1,0730 in the Asian session on Thursday, but managed to register a rebound. The pair was last quoting marginally up to the day around 1,0770. Later in the day, several responsible for the policy of the European Central Bank (ECB), including President Christine Lagarde, will give speeches.
Pressured by weak inflation data and the announcement of the spring budget, GBP/USD lost almost 0.5% on Wednesday. The pair maintains its early position on Thursday and trades above 1,2900.
Gold He failed to make a decisive movement in any direction and closed the day practically unchanged on Wednesday. The Xau/USD advances slightly in the European morning and quotes above $ 3,030.
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.
