The US dollar achieved a turn and left behind three days of gains in a negative start for the new trading week, all amid a generalized recovery in the universe associated with risks.
Here is what you need to know on Tuesday 4 March:
The US dollar index (DXY) was subjected to a renewable sale, and a daily advanced placement daily in a row and a return to the 106.50 area amid mixed tone in American revenues. The RCM/TIPP Economic Optimism Index is to be loaned to the API’s weekly report on US crude oil stocks. In addition, Williams is scheduled to speak the Federal Reserve.
Euro/US dollar jumped to the highest level for two days over the 1.0500 brand on the back of renewed optimism about a possible end of the war of Russia. After that, the version of the unemployment rate in the region will be, while the final PMI is expected to be HCob services in Germany and the eurozone, as well as the prices of producers in the entire block on March 5.
GBP/USD rose to the top of 2025 Fresh after 1.2700 obstacles on the back of the condensed sale in Greenback. The S& P GLOBAL service managers index will occupy the lead center on March 5, which was loaned by Bae’s Bailey and Pill.
The pressure on the renewed negative side prompted the USD/JPY motives to leave behind three consecutive days of gains despite the initial move to high levels of the day about 151.30. The unemployment rate in Japan, followed by capital spending numbers and consumer confidence scale.
AUD/USD allocated six consecutive daily declines and regained the 0.6200 barrier and above Monday. The publication of the RBA report will be in the discussion center, along with retail sales, and the results of the quarterly account. In addition, Hauser RBA is scheduled to speak.
WTI decreased significantly and receded to less than $ 68.00 a barrel to hit its lowest level in YTD after Opec+ confirmed that it will continue to increase the supply in April.
Gold prices have drawn decent progress and reconsidered the 2900 dollar area per ounce, leaving behind two daily drops, respectively. Silver prices are noticeably flourished to their peaks for two days, about $ 31.70 an ounce.
