- The US dollar index rises towards 104.00, supported by two-year receivable yields at 3.96% and 4.29%, respectively.
- The US unemployment claims for the week ending March 7th were 220,000, breaking the forecast of 225,000.
- President Trump threatened 200% tariffs on all European wine and champagne, causing global concern.
The US Dollar Index (DXY), which tracks the US dollar (USD) against six major currencies, extends its third consecutive win streak amid improved Treasury yields. DXY is trading at nearly 104.00, with two- and 10-year yields for the US Treasury at 3.96% and 4.29%, respectively, during Friday's Asian time.
The greenback was bolstered after better than expected unemployed claims and unexpected producer price index (PPI) data released Thursday. Traders are currently awaiting a spare Michigan Consumer Sentiment Index to be released in the North American Session.
In the labor market, the first US unemployment claims fell to 220,000 for the week ending March 7th, below the expected 225,000. Continuing claims also fell to 1.87 million, breaking forecasts of 1.9 million, indicating a resilient US job market.
Meanwhile, inflationary pressures have been further eased. US PPIs fell from 3.7%, below the market forecast of 3.3%, up 3.2% year-on-year, from 3.7% in January. The core PPI, which excludes food and energy, increased by 3.4% per year compared to 3.8% in the previous month. Each month, the headline PPI remains the same, with Core PPI down 0.1%.
The US dollar discovered support as risk sentiment weakened following President Donald Trump's announcement of 200% tariffs on all European wine and champagne during an early US session on Thursday.
Senate Democratic leader Chuck Schumer announced late Thursday that he would support keeping the government open as he prepares to vote for the GOP StopGap fundraising bill on Friday. Meanwhile, U.S. Secretary of Commerce Howard Lutnick said the administration plans to balance the budget within President Donald Trump's term, aiming to achieve this goal for three years.
Today's US Dollar Price
The table below shows the rate of change in the US dollar (USD) against today's listed currencies. The US dollar was the strongest against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.05% | 0.02% | 0.51% | -0.06% | -0.14% | -0.26% | 0.04% | |
| EUR | -0.05% | -0.00% | 0.44% | -0.11% | -0.21% | -0.32% | 0.07% | |
| GBP | -0.02% | 0.00% | 0.44% | -0.12% | -0.20% | -0.31% | 0.07% | |
| JPY | -0.51% | -0.44% | -0.44% | -0.55% | -0.63% | -0.75% | -0.34% | |
| CAD | 0.06% | 0.11% | 0.12% | 0.55% | -0.07% | -0.20% | 0.19% | |
| aud | 0.14% | 0.21% | 0.20% | 0.63% | 0.07% | -0.12% | 0.23% | |
| NZD | 0.26% | 0.32% | 0.31% | 0.75% | 0.20% | 0.12% | 0.39% | |
| CHF | -0.04% | -0.07% | -0.07% | 0.34% | -0.19% | -0.23% | -0.39% |
The heatmap shows the rate of change of each other's major currencies. The base currency is selected from the left column, and the estimated currency is selected from the top row. For example, if you select US dollars from the left column and move along the horizon to Japanese Yen, the rate of change shown in the box represents USD (base)/JPY (QUOTE).
