Here is what you need to know on Friday, March 15: Following a quiet first half of the week, the US Dollar (USD) gathered strength against its rivals on Thursday.
Here is what you need to know on Friday, March 15: Following a quiet first half of the week, the US Dollar gathered strength against its rivals on Thursday. The USD Index stays in a consolidation phase near 103.50 early Friday after rising more than 0.5% in the previous day. February Export and Import Price Index and Industrial Production data will be featured in the US economic docket later in the day.
6% on Thursday and touched its lowest level since March 6 near 0.6550 in the Asian session on Friday. Although the pair managed to erase a portion of its losses, it remains well below 0.6600. Australian Dollar drops as ASX 200 Index declines, awaits US Consumer Sentiment. GBP/USD extended its slide after breaking below 1.2800 and closed deep in negative territory on Thursday. The pair stays on the back foot and trades below 1.2750 in the early European session.
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