Created
: 2025.03.26
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Forex Today: US Dollar holds ground ahead of key US data
World FX news
Breaking news
Forex Today: US Dollar holds ground ahead of key US data
New
2025.03.26 16:33
2025.03.26 16:33
2025.03.26 16:33
Here is what you need to know on Wednesday, March 26:
The US Dollar (USD) stays resilient against its major rivals early Wednesday, with the USD Index holding steady above 104.00 after snapping a four-day winning streak on Tuesday. The US economic calendar will feature Durable Goods Orders data for December. Additionally, several Federal Reserve (Fed) policymakers will be delivering speeches in the second half of the day.
US Dollar PRICE This week
The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.30% | 0.03% | 0.77% | -0.72% | -0.74% | -0.34% | 0.09% | |
| EUR | -0.30% | -0.39% | -0.03% | -0.98% | -1.06% | -0.59% | -0.18% | |
| GBP | -0.03% | 0.39% | 0.76% | -1.22% | -0.70% | -0.20% | 0.10% | |
| JPY | -0.77% | 0.03% | -0.76% | -1.48% | -1.53% | -1.09% | -0.70% | |
| CAD | 0.72% | 0.98% | 1.22% | 1.48% | 0.03% | 0.38% | 0.81% | |
| AUD | 0.74% | 1.06% | 0.70% | 1.53% | -0.03% | 0.48% | 0.89% | |
| NZD | 0.34% | 0.59% | 0.20% | 1.09% | -0.38% | -0.48% | 0.49% | |
| CHF | -0.09% | 0.18% | -0.10% | 0.70% | -0.81% | -0.89% | -0.49% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
The UK's Office for National Statistics (ONS) reported early Wednesday that annual inflation, as measured by the change in the Consumer Price Index (CPI), softened to 2.8% in February from 3% in January, coming in below the market expectation of 2.9%. The core CPI, which excludes volatile food and energy prices, rose 3.5% in this period, compared to the 3.7% increase recorded in January. On a monthly basis, the CPI rose 0.4% after falling 0.1% previously. GBP/USD struggles to gain traction following these data and trades in negative territory below 1.2950. Later in the day, the Chancellor of the Exchequer will deliver the UK 2025 Spring Statement in the House of Commons.
The disappointing Consumer Confidence data from the US made it difficult for the USD to outperform its rivals on Tuesday. In the meantime, Wall Street's main indexes registered small gains on the day. Early Wednesday, US stock index futures trade marginally lower on the day, reflecting a cautious market mood.
EUR/USD closed the fifth consecutive trading day in negative territory on Tuesday. The pair manages to limit its losses but stays below 1.0800 in the European morning on Wednesday.
US President Donald Trump said in a Newsmax interview on Wednesday that he plans to implement copper import tariffs within weeks. Copper prices shot up to a new all-time-high after this development. In turn, AUD/USD gains traction and trades above 0.6300 in the European morning.
USD/JPY reversed its direction after a three-day climb and lost 0.5% on Tuesday. The pair stages a rebound and trades near 150.50 in the early European session.
After stabilizing above $3,000 on Tuesday, Gold registered small daily gains. XAU/USD struggles to gather bullish momentum but holds comfortably above $3,020 on Wednesday.
Inflation FAQs
Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core inflation excludes more volatile elements such as food and fuel which can fluctuate because of geopolitical and seasonal factors. Core inflation is the figure economists focus on and is the level targeted by central banks, which are mandated to keep inflation at a manageable level, usually around 2%.
The Consumer Price Index (CPI) measures the change in prices of a basket of goods and services over a period of time. It is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%. Since higher interest rates are positive for a currency, higher inflation usually results in a stronger currency. The opposite is true when inflation falls.
Although it may seem counter-intuitive, high inflation in a country pushes up the value of its currency and vice versa for lower inflation. This is because the central bank will normally raise interest rates to combat the higher inflation, which attract more global capital inflows from investors looking for a lucrative place to park their money.
Formerly, Gold was the asset investors turned to in times of high inflation because it preserved its value, and whilst investors will often still buy Gold for its safe-haven properties in times of extreme market turmoil, this is not the case most of the time. This is because when inflation is high, central banks will put up interest rates to combat it. Higher interest rates are negative for Gold because they increase the opportunity-cost of holding Gold vis-a-vis an interest-bearing asset or placing the money in a cash deposit account. On the flipside, lower inflation tends to be positive for Gold as it brings interest rates down, making the bright metal a more viable investment alternative.
Last updated
: 2025.03.26
Related articles
AUD/JPY Price Analysis: Drops toward 94.20 area as bearish pressure mounts
2025.03.29 06:39Australian Dollar stuck near 0.6300 as PCE data fails to shift sentiment
2025.03.29 05:57Canadian Dollar roils as Trump reiterates tariff threats
2025.03.29 05:22US Dollar stalls as markets digest PCE and tariff outlook
2025.03.29 03:31Mexican Peso sinks as Banxico cuts, US PCE and tariff fears boost US Dollar
2025.03.29 03:14EUR/USD Price Analysis: Edges toward 1.0830 as bullish momentum builds post-Europe
2025.03.29 01:01
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
AUD/JPY Price Analysis: Drops toward 94.20 area as bearish pressure mounts
The AUD/JPY pair extended its decline on Friday, hovering near the 94.30 zone after the European session and slipping closer to the lower end of its intraday range.
New
2025.03.29 06:39Australian Dollar stuck near 0.6300 as PCE data fails to shift sentiment
The Australian Dollar (AUD) remains directionless during Friday's American session, with AUD/USD hovering around the 0.6300 zone.
New
2025.03.29 05:57Canadian Dollar roils as Trump reiterates tariff threats
The Canadian Dollar was dragged in both directions on Friday, rising and then falling as market flows clash with fresh threats of tariffs on Canada from US President Donald Trump.
New
2025.03.29 05:22Silver Price Forecast: XAG/USD pulls back from 5-month peak, bears eye $34
Silver price hits a five-month high but retreats toward the $34 figure late on Friday, as traders brace for the weekend, eyeing a busy economic schedule in the United States (US).
New
2025.03.29 05:19Gold price hits new record high near $3,090 as Fed cut bets defy trade war fears
Gold price rallied sharply on Friday, hitting a new record high of $3,086 amid uncertainty over US trade policy, alongside an uptick in the Federal Reserve's (Fed) preferred inflation gauge.
New
2025.03.29 05:04US Dollar stalls as markets digest PCE and tariff outlook
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, is currently flat near 104.30 on Friday following the release of the Federal Reserve's (Fed) preferred inflation metric -- the Personal Consumption Expenditures (PCE) Price Index.
New
2025.03.29 03:31Mexican Peso sinks as Banxico cuts, US PCE and tariff fears boost US Dollar
The Mexican Peso (MXN) prolongs its agony in the week, depreciating against the US Dollar (USD) after Banco de Mexico (Banxico) reduced interest rates but also paved the way for additional easing.
New
2025.03.29 03:14Dow Jones Industrial Average drops on fresh inflation, tariff, and recession fears
The Dow Jones Industrial Average (DJIA) backslid over 700 points on Friday, falling 1.75% and tumbling to 41,500 after core Personal Consumption Expenditure (PCE) inflation figures accelerated in February.
New
2025.03.29 02:54EUR/USD Price Analysis: Edges toward 1.0830 as bullish momentum builds post-Europe
EUR/USD extended its upward trajectory on Friday, moving near the 1.0830 region after the European session and toward the upper end of the day's trading range.
New
2025.03.29 01:01GBP/USD steadies near 1.2950 as traders digest PCE figures, tariff turmoil
The Pound Sterling remains firm, hovering around 1.2950 against the US Dollar, virtually unchanged, as traders digest the latest inflation report from the United States (US), amid uncertainty about a potential trade war escalation following Trump's imposition of tariffs on cars.
New
2025.03.29 00:25Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
