Here's what you need to know to trade today Friday March 15:
After a quiet first half of the week, the US Dollar (USD) strengthened against its rivals on Thursday. The DXY Dollar Index remains in a consolidation phase near 103.50 early Friday, after having risen more than 0.5% in the previous day. Later on the US economic agenda will be published the export and import price indices and industrial production for February. University of Michigan to release preliminary consumer sentiment index for March and Federal Reserve Bank of New York to release results from Empire State manufacturing survey.
In United States, the Producer Price Index increased 1.6% year-on-year in February. This reading followed the 1% increase recorded in January and exceeded market expectations of 1.1%. For its part, the US Census Bureau reported that retail sales grew 0.6% in February, after contracting 1.1% in January. The benchmark 10-year US Treasury bond yield rose to 4.3% following the release of this data and provided a boost to the dollar. In the European morning, the 10-year yield fluctuates slightly below 4.3%. Meanwhile, US stock index futures are trading slightly lower after Wall Street's main indexes closed in negative territory on Thursday.
Dollar Quote this week
The following table shows the percentage change of the United States Dollar (USD) against the main currencies this week.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.58% | 0.89% | 0.39% | 0.84% | 0.99% | 1.22% | 0.80% | |
| EUR | -0.58% | 0.31% | -0.19% | 0.26% | 0.41% | 0.64% | 0.23% | |
| GBP | -0.90% | -0.32% | -0.51% | -0.05% | 0.12% | 0.33% | -0.09% | |
| CAD | -0.40% | 0.18% | 0.50% | 0.44% | 0.57% | 0.82% | 0.40% | |
| AUD | -0.85% | -0.26% | 0.05% | -0.45% | 0.15% | 0.41% | -0.04% | |
| JPY | -1.00% | -0.45% | 0.13% | -0.61% | -0.16% | 0.22% | -0.21% | |
| NZD | -1.23% | -0.65% | -0.34% | -0.85% | -0.39% | -0.25% | -0.43% | |
| CHF | -0.81% | -0.22% | 0.09% | -0.41% | 0.04% | 0.18% | 0.42% |
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 in the box will represent EUR (base)/JPY (quote).
He USD/JPY extended its bounce and closed above 148.00 on Thursday, despite the growing speculation that the Bank of Japan will end negative interest rate policy at next week's monetary policy meeting. After reaching a new weekly high above 148.50 during the Asian session on Friday, USD/JPY retreated below this level at the start of the European session.
He EUR/USD fell sharply in the second half on Thursday and closed below 1.0900. The pair remains relatively calm in the European morning on Friday.
The pair AUD/USD has continued to push lower after losing 0.6% on Thursday and touched its lowest level since March 6 near 0.6550 in the Asian session on Friday. Although the pair has managed to erase some of its losses, it remains well below 0.6600.
He GBP/USD It extended its decline after breaking below 1.2800 and closed on Thursday in negative territory. The pair remains lower and is trading below 1.2750 in the early stages of the European session on Friday.
Pressured by rising US Treasury yields, the price of Gold It turned lower and fell below $2,160 in the American session on Thursday. XAU/USD rebounds early on Friday and remains above $2,160 as the US 10-year bond yield struggles to take advantage of Thursday's rally.
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.
