The Greenback resumed its uptrend on Wednesday amid steady concerns surrounding US tariffs and the somewhat alleviated geopolitical tensions. Investors’ focus, in the meantime, remain on the US economy and upcoming inflation data.
Here is what you need to know on Thursday, March 27:
The US Dollar Index (DXY) reclaimed the area well beyond the 104.00 barrier, rapidly leaving behind Tuesday’s hiccup amid a decent bounce in US yields across the curve. The usual weekly Initial Jobless Claims, the final Q4 GDP Growth Rate, Pending Home Sales, and the advanced Goods Trade Balance results are all due.
EUR/USD dropped to levels last seen in early March near 1.0740 amid the strong resurgence of the bid bias in the US Dollar. The ECB’s M3 Money Supply and the European Commission Forecasts will gather all the attetion on the old continent.
GBP/USD came under renewed selling pressure after two daily advances in a row, briefly slipping back to two-week lows near 1.2870. Retail Sales, Current Account, Goods Trade Balance, Business Investment and the final Q4 GDP Growth Rate are next on tap on March 28.
USD/JPY reversed Tuesday’s marked retracement and returned to the area well north the 150.00 hurdle. The weekly Foreign Bond Investment figures are expected in “The Land of the Rising Sun”.
AUD/USD mirrored the broad performance of the risk complex, flirting with two-day lows near the 0.6280 area. Next on tap in Oz will be the Housing Credit figures, seconded by Private Sector Credit, all expected on March 31.
Prices of WTI rose for the third day in a row, marching to fresh three-week peaks just above the key $70.00 mark per barrel on the back of shrinking US inventories and supply concerns.
Gold prices appear to have embarked on a consolidative phase, this time receding a tad to the $3,010 zone per troy ounce amid the stronger Greenback and rising US yields. The ounce of Silver ended the day slightly on the defensive despite the earlier bull run to four-day highs near the $34.00 mark.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
Gold trades near record-high, stays within a touching distance of $3,100
Gold clings to daily gains and trades near the record-high it set above $3,080 earlier in the day. Although the data from the US showed that core PCE inflation rose at a stronger pace than expected in February, it failed to boost the USD.
EUR/USD turns positive above 1.0800
The loss of momentum in the US Dollar allows some recovery in the risk-associated universe on Friday, encouraging EUR/USD to regain the 1.0800 barrier and beyond, or daily tops.
GBP/USD picks up pace and retests 1.2960
GBP/USD now capitalises on the Greenback's knee-jerk and advances to the area of daily peaks in the 1.2960-1.2970 band, helped at the same time by auspicious results from UK Retail Sales.
Donald Trump’s tariff policies set to increase market uncertainty and risk-off sentiment
US President Donald Trump’s tariff policies are expected to escalate market uncertainty and risk-off sentiment, with the Kobeissi Letter’s post on X this week cautioning that while markets may view the April 2 tariffs as the "end of uncertainty," it anticipates increased volatility.
US: Trump's 'Liberation day' – What to expect?
Trump has so far enacted tariff changes that have lifted the trade-weighted average tariff rate on all US imports by around 5.5-6.0%-points. While re-rerouting of trade will decrease the effectiveness of tariffs over time, the current level is already close to the highest since the second world war.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.