Here is what you need to know on Friday 14 February:
The US dollar owns a constant in the European morning on Friday after suffering great losses against its main competitors on Thursday. Eurostat will publish a preliminary change in employment and GDP data (GDP) for the fourth quarter. Later in the session, the US economic evaluation will contain retail sales and industrial production for January.
US dollar price this week
The table below shows the percentage of change in the US dollar (USD) against the main currencies listed this week. The US dollar was the weakest against the British pound.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | -1.29 % | -1.29 % | 0.82 % | -0.78 % | -0.76 % | -0.44 % | -61 % | |
| euro | 1.29 % | 0.06 % | 2.25 % | 0.63 % | 0.53 % | 0.94 % | 0.76 % | |
| GBP | 1.29 % | -06 % | 2.03 % | 0.54 % | 0.47 % | 0.88 % | 0.71 % | |
| JPY | -0.82 % | -2.25 % | -2.03 % | -1.62 % | -1.49 % | -1.25 % | -1.39 % | |
| CAD | 0.78 % | -63 % | -0.54 % | 1.62 % | 0.04 % | 0.31 % | 0.13 % | |
| Aud | 0.76 % | -53 % | -0.47 % | 1.49 % | -04 % | 0.41 % | 0.23 % | |
| Nzd | 0.44 % | -0.94 % | -0.88 % | 1.25 % | -0.31 % | -0.41 % | -18 % | |
| Chf | 0.61 % | -0.76 % | -0.71 % | 1.39 % | -0.13 % | -0.23 % | 0.18 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the US dollar from the left column and move along the horizontal line to the Japanese yen, the percentage offered in the box will represent the USD (base)/JPY (quote).
In the early American session on Thursday, US President Donald Trump hinted that they could announce the mutual definitions later in the day. With the immediate reaction, the US dollar gathered a force against its peers. Later in the day, the market mood improved and the US dollar was exposed to renewable sale, as investors breathed a sigh of relief. Trump refrained from imposing fresh definitions and explained that he signed a memorandum that orders his economy team to devise a plan for mutual definitions in each country that receives duties on American imports. The main stock indicators in the United States ended today decisively, and the dollar index lost more than 0.8 % a day.
Euro/dollars The bullish momentum gathered in the second half of the day on Thursday and climbed to the highest level in the two weeks near 1.0470. The husband monitors a technical correction early on Friday, but he is able to stick to more than 1.0450.
GBP/USD Take advantage of improving the risk mood and rose to its highest levels more than a month, above 1.2570. The husband remains relatively calm in the European morning on Friday and trades in a narrow range, just higher than 1.2550.
After a three -day career, USD/JPY Its reversal on Thursday and lost more than 1 % a day. The husband continues to decrease to start the European session and is trading near 152.50.
gold The bullish trend extended more than 0.8 % on Thursday, as US Treasury’s bonds returned for 10 years sharply after the latest headlines surrounding the tariff policy in Trump. In the European morning on Friday, Xau/USD is trading marginally a day, above $ 2,930.
Customs fees are common questions
Customs duties are useful customs duties on some imports of goods or a category of products. Customs duties are designed to help local producers and manufacturers to be more competitive in the market by providing the price feature on similar goods that can be imported. Definitions are widely used as fever tools, along with commercial barriers and import shares.
Although customs tariffs and taxes generate government revenues to finance public goods and services, they have many differences. Customs duties are pre -paid in the entry port, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, while customs duties are paid by importers.
There is a school of thought between economists regarding the use of definitions. While some argue that definitions are necessary to protect local industries and address commercial imbalances, others see them as a harmful tool that can push prices up in the long term and lead to a harmful commercial war by encouraging customs tariffs.
During the period before the presidential elections in November 2024, Donald Trump explained that he intends to use the customs tariff to support the American economy and American producers. In 2024, Mexico, China and Canada accounted for 42 % of the total imports of the United States. During this period, Mexico emerged as the best source with $ 466.6 billion, according to the American Statistical Office. Thus, Trump wants to focus on these three countries when imposing definitions. It is also planned to use the revenues created by definitions to reduce personal income taxes.
