What you need to take care of on Friday, March 28: The US Dollar surged on Thursday, helped by hawkish comments from Federal Reserve (Fed) official Waller, who suggested the central bank may keep rates at current restrictive levels for longer.
What you need to take care of on Friday, March 28: The US Dollar surged on Thursday, helped by hawkish comments from Federal Reserve official Waller, who suggested the central bank may keep rates at current restrictive levels for longer. Near-term bond yields advanced, while stock markets also maintained the positive momentum.
The Euro was among the worst performers, with EUR/USD settling below the 1.0800 threshold. GBP/USD ended the day with modest losses after the Gross Domestic Product was confirmed at -0.2% YoY in the last quarter of 2023. Commodity-linked currencies trade unevenly, with AUD/USD posting a modest decline and settling around 0.6514 amid tepid Australian data, but the USD/CAD falling towards 1.3520, helped by the good performance of stock markets.
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