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EUR extends gains for best week versus the USD since 2009 – Scotiabank
EUR extends gains for best week versus the USD since 2009 – Scotiabank
The Euro (EUR) is ending the week with another, solid daily gain on the US Dollar (USD).
EURUSD
Technical Analysis
Banks
CAD steady to slightly lower on temporary tariff relief – Scotiabank
CAD steady to slightly lower on temporary tariff relief – Scotiabank
The CAD is a moderate underperformer on the session, easing slightly alongside its commodity peers amid fragile risk appetite, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Technical Analysis
Banks
EUR/GBP advances to near 0.8400 as German debt reforms weigh on ECB dovish bets
EUR/GBP advances to near 0.8400 as German debt reforms weigh on ECB dovish bets
The EUR/GBP pair climbs to near the key level of 0.8400 in Friday’s North American session.
EURGBP
ECB
BOE
Inflation
InterestRate
Locked and loaded for the February North American jobs derby
Locked and loaded for the February North American jobs derby
Data still moves freely across the US-Canadian border
CAD
USD
US non-farm payrolls data due imminently - the critical key ranges for estimates to watch
US non-farm payrolls data due imminently - the critical key ranges for estimates to watch
Unexpected US data results can significantly impact markets
Bonds
SPX
USD
US Treasury Sec. Bessent: Committed to policies that will lead to strong dollar
US Treasury Sec. Bessent: Committed to policies that will lead to strong dollar
In an interview with CNBC on Friday, US Treasury Secretary Scott Bessent said that they are committed to policies that will lead to a strong US Dollar, per Reuters.
UnitedStates
Politics
ForexLive European FX news wrap: Euro stays buoyed, markets wait on US jobs report
ForexLive European FX news wrap: Euro stays buoyed, markets wait on US jobs report
Forex news from the European morning session on Mar 7, 2025
Session wrap
Wrap Europe
US futures trim gains ahead of jobs report
US futures trim gains ahead of jobs report
Are the nerves starting to kick in again?
Stocks
China says US tariffs are "groundless", act of bullying
China says US tariffs are "groundless", act of bullying
Remarks by the Chinese commerce ministry
Politics
US Dollar closes week off with a total more than 3% loss
US Dollar closes week off with a total more than 3% loss
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, has written a bit of history this week, with at one point a 3.5% devaluation since Monday and trading near 103.80 at the time of writing on
DollarIndex
Macroeconomics
UnitedStates
SEO
TradeWar
There is no change to strong dollar policy - Bessent
There is no change to strong dollar policy - Bessent
Further remarks by US Treasury secretary, Scott Bessent
Silver Price Forecast: XAG/USD faces pressure near $32.70 with US NFP in focus
Silver Price Forecast: XAG/USD faces pressure near $32.70 with US NFP in focus
Silver price (XAG/USD) faces selling pressure near $32.70 in European trading hours on Friday.
Silver
XAGUSD
Fed
NFP
TradeWar
Oil nudges up as Russia's Novak says OPEC+ may reverse oil output hike if necessary
Oil nudges up as Russia's Novak says OPEC+ may reverse oil output hike if necessary
Novak casts some doubt on how long the planned oil output hike in April may last
USD/CNH: Set to trade sideways between 7.2300 and 7.2600 – UOB Group
USD/CNH: Set to trade sideways between 7.2300 and 7.2600 – UOB Group
US Dollar (USD) is likely to trade sideways between 7.2300 and 7.2600 vs Chinese Yuan (CNH).
USDCNH
Technical Analysis
Banks
USD/CAD: Unemployment rate is expected at 6.7% vs. 6.6% in January – BBH
USD/CAD: Unemployment rate is expected at 6.7% vs. 6.6% in January – BBH
Canada’s February labor force report will help shape rate expectations ahead of next week’s Bank of Canada (BOC) policy setting meeting, BBH FX analysts report.
USDCAD
Technical Analysis
Banks
Canada
BOC
Heads up: The clocks go forward in the US this weekend
Heads up: The clocks go forward in the US this weekend
Daylight savings to hit on 9 March
market overview
USD/JPY: Room to retest the 147.30 low – UOB Group
USD/JPY: Room to retest the 147.30 low – UOB Group
Room for US Dollar (USD) to retest the 147.30 low vs Japanese Yen (USD); the next support at 147.00 is unlikely to come under threat.
USDJPY
Technical Analysis
Banks
USD/CAD Price Forecast: Trades indecisively around 1.4300 ahead of US/Canada Employment data
USD/CAD Price Forecast: Trades indecisively around 1.4300 ahead of US/Canada Employment data
The USD/CAD pair trades in a tight range around 1.4300 in European trading hours on Friday.
USDCAD
NFP
Employment
TradeWar
SupportResistance
EU gas prices go down – Danske Bank
EU gas prices go down – Danske Bank
European natural gas prices have been on decline recently and fell to the lowest level since last October yesterday below EUR40/MWh, Danske Bank's FX analyst Kirstine Kundby-Nielsen reports.
Gas
Energy
Commodities
Banks
NZD/USD: Set to trade in a range of 0.5710/0.5760 – UOB Group
NZD/USD: Set to trade in a range of 0.5710/0.5760 – UOB Group
Further range trading in New Zealand Dollar (NZD) vs US Dollar (USD) seems likely; probably in a range of 0.5710/0.5760.
NZDUSD
Technical Analysis
Banks
EUR/USD: Potential catalysts can drive additional gains in the pair – Danske Bank
EUR/USD: Potential catalysts can drive additional gains in the pair – Danske Bank
EUR/USD has largely stabilized around the 1.08 mark following this week's rally, driven by the seismic shift in fiscal spending in the euro area, Danske Bank's FX analyst Kirstine Kundby-Nielsen reports.
EURUSD
Technical Analysis
Banks
AUD/USD: Expected to trade in a range between 0.6300 and 0.6350 – UOB Group
AUD/USD: Expected to trade in a range between 0.6300 and 0.6350 – UOB Group
Australian Dollar (AUD) is expected to trade in a range between 0.6300 and 0.6350 vs US Dollar (USD).
AUDUSD
Technical Analysis
Banks
Eurozone Q4 final GDP +0.2% vs +0.1% q/q second estimate
Eurozone Q4 final GDP +0.2% vs +0.1% q/q second estimate
Latest data released by Eurostat - 7 March 2025
EUR/USD sees more upside as US employment data misses estimates
EUR/USD sees more upside as US employment data misses estimates
EUR/USD trades firmly around the fresh four-month high of 1.0850 in Friday’s North American session after the release of the softer-than-expected United States (US) Nonfarm Payrolls (NFP) data for February.
EURUSD
ECB
Fed
NFP
SEO
USD: The dollar is fragile – ING
USD: The dollar is fragile – ING
This week's events have added to the appeal of FX as an asset class.
DollarIndex
Technical Analysis
Banks
GBP/USD: Outlook for GBP remains positive – UOB Group
GBP/USD: Outlook for GBP remains positive – UOB Group
Strong momentum appears to be slowing; Pound Sterling (GBP) is likely to trade in a 1.2850/1.2925 range vs US Dollar (USD).
GBPUSD
Technical Analysis
Banks
USD/CAD: US postpones the imposition of tariffs on Canada – OCBC
USD/CAD: US postpones the imposition of tariffs on Canada – OCBC
The United States has once again postponed the imposition of tariffs on Canada until April 2nd.
USDCAD
Technical Analysis
Banks
CAD: Eyes on jobs data after tariff relief – ING
CAD: Eyes on jobs data after tariff relief – ING
The Canadian dollar rallied yesterday on the US announcement that USMCA-compliant products would be exempt from tariffs until 3 April, ING's FX analyst Chris Turner notes.
USDCAD
Technical Analysis
Banks
EUR/USD: Uptrend remains intact – UOB Group
EUR/USD: Uptrend remains intact – UOB Group
The current price movements are likely part of a range trading phase, probably between 1.0740 and 1.0840.
EURUSD
Technical Analysis
Banks
UpTrend
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Friday, according to FXStreet data.
Silver
Commodities
Metals
EUR: Major re-rating is underway – ING
EUR: Major re-rating is underway – ING
ING's macro and market team have looked through this week's European events.
EURUSD
Technical Analysis
Banks
China: Exports slowed more than expected in January-February – UOB Group
China: Exports slowed more than expected in January-February – UOB Group
China’s export growth slowed more than expected while import slumped in the first two months of the year as the first 10% of US tariffs kicked in from 4 February, UOB Group's Economist Ho Woei Chen reports.
China
Growth
Banks
Gold holds ground above $2,900 while traders await February's NFP release
Gold holds ground above $2,900 while traders await February's NFP release
Gold’s price (XAU/USD) holds on to gains and consolidates for the third day in a row this week. The rally in Bullion stalls after US President Donald Trump shielded off all goods from Mexico and Canada that fall under the USMCA trade agreement from its freshly baked tariffs that got implemented earlier this week. Meanwhile, US equity markets trade below where they were on President Trump’s inauguration day.
Gold
Commodities
UnitedStates
SEO
TradeWar
Crude oil price today: WTI price bullish at European opening
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session.
Oil
WTI
Commodities
Bullish
The euro train marches on for now
The euro train marches on for now
Is the 1.1000 mark the next big target?