Finally, the dollar managed to recover some composure and recorded acceptable profits after minimum of several months. However, the broader scenario remained cloudy by intense tariff uncertainty, as well as for fears of a recession in the US.
This is what you need to know on Thursday, March 13:
The American dollar index (DXY) left aside part of the strong mass sale of several days, re -testing the 103.80 zone amid the increase in yields. Producer prices will be in the center of attention, followed by the usual initial applications for unemployment subsidy.
The EUR/USD found some resistance and retreated the region below 1,0900 in response to the slight rebound of the US dollar. Industrial production in the euro zone will be published together with the speeches of De Guindos, Nagel and Villeroy of the ECB.
The GBP/USD pressed more and was just a few pips from the 1.3000 key threshold, just to give up some impulse later. The RICS housing price balance will be the only publication on the other side of the channel.
The USD/JPY added to the increase on Tuesday, rising to maximum of several days and briefly exceeding the barrier of 149.00. Weekly investment figures in foreign bonds are expected.
Despite the tariff concerns and the increase in the US dollar, the Aud/USD rose even more above the 0.6300 threshold, reaching two -day peaks at the same time. Final construction permits and private housing approvals are expected, followed by Jones del RBA speech.
WTI prices went up to three days about $ 68,00 per barrel despite the increase in the US dollar and the persistent concerns about the commercial war.
Gold prices advanced to two weeks maximum of around $ 2,940 per ounce Troy after the nerves for tariffs and the printing of the American IPC lower than expected. Silver prices exceeded the 33.00 mark per ounce, staying from the annual peak.
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.
