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Forex Today: Risk recovery loses steam ahead of mid-tier data releases

Here is what you need to know on Thursday, March 13: Following the improvement seen in market sentiment on Wednesday, investors adopt a cautious stance early Thursday.

New

2025.03.13 16:29

ECB's Nagel: US trade tariffs on the EU could push Germany into recession this year

European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel warned in a BBC News interview on Thursday, "US trade tariffs on the European Union (EU) could push Germany into recession this year." Meanwhile, a Chinese official urged the US to cancel tariffs on steel and aluminium.

New

2025.03.13 16:25

US Dollar Index Price Forecast: Tests immediate support at 103.50 near four-month lows

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against its six major peers, remains steady after registering gains in the previous session, trading around 103.60 during the Asian hours on Thursday.

New

2025.03.13 14:41

USD/CAD Price Forecast: Advances to 1.4400 neighborhood; lacks bullish conviction

The USD/CAD pair attracts some dip-buyers in the vicinity of mid-1.4300s during the Asian session on Thursday and reverses a part of the previous day's losses.

New

2025.03.13 14:31

EUR/USD weakens below 1.0900 on trade tension

The EUR/USD pair loses ground to around 1.0880 during the Asian trading hours on Thursday.

New

2025.03.13 13:47

Gold price eyes record high amid rising trade tensions, Fed rate cut bets

Gold price (XAU/USD) trades with a positive bias for the third consecutive day and climbs to over a two-week high, around the $2,942-2,943 region during the Asian session on Thursday.

New

2025.03.13 13:41

EUR/JPY falls to near 161.00 as global trade war weigh on market sentiment

EUR/JPY declines after two consecutive sessions of gains, trading around 161.10 during Asian hours on Thursday.

New

2025.03.13 13:38

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