Forex News
- GBP/USD clings to 1.3300 as haven demand keeps the US Dollar supported.
- UK Retail Sales slump and BoE caution weigh on Sterling sentiment.
- Markets now see both the Fed and BoE leaning further hawkish.
The British Pound holds firm during the North American session, clings above the 1.3300 figure, yet seems poised to finish the week with 0.20% losses against the US Dollar. Risk aversion due to an energy shock caused by the Middle East conflict and the haven appeal of the Greenback keep GBP/USD on its way to monthly losses of more than 1%.
Sterling eyes weekly loss as Oil, war worries sour sentiment anew
On Thursday, the US President Donald Trump announced a delay in an attack on Iran’s energy facilities for 10 days, until April 6. Initially, the markets cheered the move as Oil prices fell. Nevertheless, WTI reversed the initial drop as traders faded the news.
Hence, sentiment remains dismal, with Wall Street posting losses and the Greenback poised to finish the week with gains of over 0.45%, as revealed by the US Dollar Index (DXY). The DXY, which tracks the buck’s performance versus six other currencies, is at 99.94, virtually unchanged for the day.
Adding to the sour mood was the fact that the Islamic Revolutionary Guard Corps (IRGC) shut off the Strait of Hormuz.
Data from the US showed that American consumers had grown pessimistic about the economy, as the University of Michigan Consumer Sentiment Index dipped from 55.5 to 53.5, below forecasts of 54.0. Inflation expectations for the next twelve months jumped from 3.4% in February to 3.8%, while for the five years dipped from 3.3% to 3.2%.
In the UK, Retail Sales fell in February following January’s strong performance, coming in at -0.4% MoM, a collapse from the previous month’s 1.8% growth.
Aside from this, Bank of England’s Alan Taylor said the bar for hiking interest rates is quite high, revealing that holding rates is preferable until the central bank assesses the impact of Iran’s war on the economy.
Traders expect further tightening by central banks
This week, money markets had priced out the possibility of rate cuts by the Federal Reserve and the Bank of England. Instead, they see the Fed raising rates by 5 basis points towards year-end. The BoE is projected to increase rates by 78 basis points, according to Prime Market Terminal data.
GBP/USD Price Forecast: Technical outlook
In the daily chart, GBP/USD trades at 1.3311. The near-term bias is mildly bearish as spot holds below the clustered simple moving averages near 1.35 and remains capped by the descending resistance line from 1.3869, which has contained every rebound since the recent 1.38 area highs. Price slipping back inside the broad contracting formation between that downtrend line and the still-rising support line from 1.3035 signals fading upside momentum, while the latest downtick in the Fed Sentiment Index above 119.000 hints that relative policy expectations continue to favor the dollar at the margin.
Immediate resistance stands at the descending trend line currently intersecting just above 1.3400, followed by the 1.3500/1.3520 zone where the daily moving averages converge and prior swing highs cluster. A daily close above that confluence would weaken the bearish bias and expose the 1.3700 region, ahead of the 1.3869 high. On the downside, initial support emerges at 1.3220, the latest swing low, with further traction expected around 1.3100 aligned with the rising trend line from 1.3035. A break beneath that structural floor would confirm a deeper bearish extension toward the psychological 1.3000 handle.
(The technical analysis of this story was written with the help of an AI tool.)
Pound Sterling Price This week
The table below shows the percentage change of British Pound (GBP) against listed major currencies this week. British Pound was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.04% | -0.11% | 0.26% | 1.06% | 1.44% | 0.93% | 1.05% | |
| EUR | 0.04% | -0.06% | 0.31% | 1.11% | 1.47% | 0.98% | 1.10% | |
| GBP | 0.11% | 0.06% | 0.32% | 1.16% | 1.56% | 1.04% | 1.09% | |
| JPY | -0.26% | -0.31% | -0.32% | 0.78% | 1.17% | 0.64% | 0.70% | |
| CAD | -1.06% | -1.11% | -1.16% | -0.78% | 0.40% | -0.13% | -0.01% | |
| AUD | -1.44% | -1.47% | -1.56% | -1.17% | -0.40% | -0.51% | -0.46% | |
| NZD | -0.93% | -0.98% | -1.04% | -0.64% | 0.13% | 0.51% | 0.05% | |
| CHF | -1.05% | -1.10% | -1.09% | -0.70% | 0.01% | 0.46% | -0.05% |
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 British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
- EUR/USD rebounds as the US Dollar eases from intraday highs.
- Weak US consumer sentiment contrasts with rising inflation expectations.
- Markets reassess interest rate outlook amid elevated Oil prices and geopolitical risks.
EUR/USD edges higher on Friday after early weakness, as the US Dollar (USD) pulls back from intraday highs, offering some support to the Euro (EUR). At the time of writing, the pair trades around 1.1545, recovering from a daily low at 1.1501.
The pullback in the US Dollar appears largely technical, as buyers take a breather following a strong rally earlier this week that pushed the US Dollar Index (DXY) above the key 100.00 psychological level.
The index, which tracks the Greenback against a basket of six major currencies, is currently hovering near 99.85, reflecting a modest pause in upside momentum. However, it remains on track for weekly gains, staying broadly supported amid ongoing Middle East tensions.
On the data front, the University of Michigan figures came in weaker than expected. The Consumer Sentiment Index fell to 53.3 in March 2026, down from the preliminary estimate of 55.5. The Consumer Expectations Index also declined to 51.7 from 54.1.
At the same time, inflation expectations moved higher. The 1-year outlook rose to 3.8% from 3.4%, while the 5-year expectation stayed at 3.2%.
Richmond Fed President Thomas Barkin said higher gasoline prices are weighing on consumer sentiment and could crowd out other spending. He added that even before the recent oil shock, progress on inflation was at risk of stalling. Barkin also noted that while the unemployment rate remains low, the labor market still feels fragile, highlighting risks to both sides of the Fed’s dual mandate.
On the geopolitical front, the lack of fresh headlines has kept trading conditions relatively calmer today compared to earlier this week, when conflicting signals around potential US-Iran negotiations drove volatility. US President Donald Trump announced a delay in planned military strikes targeting Iran’s energy infrastructure. The deadline, initially set to expire on Friday, has now been extended by 10 days.
However, with no clear signs of a resolution yet and the Strait of Hormuz largely closed, Oil prices remain elevated, continuing to fuel inflation concerns. This is prompting markets to reprice the interest rate outlook, with traders now pricing in 2-3 European Central Bank (ECB) hikes by year-end, while expectations for Federal Reserve (Fed) rate cuts are being trimmed, with some even seeing the possibility of a hike later this year.
Central banks FAQs
Central Banks have a key mandate which is making sure that there is price stability in a country or region. Economies are constantly facing inflation or deflation when prices for certain goods and services are fluctuating. Constant rising prices for the same goods means inflation, constant lowered prices for the same goods means deflation. It is the task of the central bank to keep the demand in line by tweaking its policy rate. For the biggest central banks like the US Federal Reserve (Fed), the European Central Bank (ECB) or the Bank of England (BoE), the mandate is to keep inflation close to 2%.
A central bank has one important tool at its disposal to get inflation higher or lower, and that is by tweaking its benchmark policy rate, commonly known as interest rate. On pre-communicated moments, the central bank will issue a statement with its policy rate and provide additional reasoning on why it is either remaining or changing (cutting or hiking) it. Local banks will adjust their savings and lending rates accordingly, which in turn will make it either harder or easier for people to earn on their savings or for companies to take out loans and make investments in their businesses. When the central bank hikes interest rates substantially, this is called monetary tightening. When it is cutting its benchmark rate, it is called monetary easing.
A central bank is often politically independent. Members of the central bank policy board are passing through a series of panels and hearings before being appointed to a policy board seat. Each member in that board often has a certain conviction on how the central bank should control inflation and the subsequent monetary policy. Members that want a very loose monetary policy, with low rates and cheap lending, to boost the economy substantially while being content to see inflation slightly above 2%, are called ‘doves’. Members that rather want to see higher rates to reward savings and want to keep a lit on inflation at all time are called ‘hawks’ and will not rest until inflation is at or just below 2%.
Normally, there is a chairman or president who leads each meeting, needs to create a consensus between the hawks or doves and has his or her final say when it would come down to a vote split to avoid a 50-50 tie on whether the current policy should be adjusted. The chairman will deliver speeches which often can be followed live, where the current monetary stance and outlook is being communicated. A central bank will try to push forward its monetary policy without triggering violent swings in rates, equities, or its currency. All members of the central bank will channel their stance toward the markets in advance of a policy meeting event. A few days before a policy meeting takes place until the new policy has been communicated, members are forbidden to talk publicly. This is called the blackout period.
ING notes that ECB officials have offered little resistance to hawkish market pricing as Oil rises, reinforcing front-end EUR rate expectations. However, a competing narrative of prolonged energy disruption is emerging, supported by President Lagarde’s comments that war-related infrastructure damage could impair energy supply for years, potentially forcing “forceful” monetary action and lifting rates across the 2y–10y sector in tandem with the front end.
Lagarde flags long-lasting energy risks
"And with European Central Bank officials giving little pushback to the hawkish pricing, we don’t see why markets would deviate from this trading strategy."
"However, another narrative is gaining traction as of late whereby energy disruptions will last much longer than initially feared."
"She [Lagarde] remarked that risks from the war are being underestimated and that the ECB's technical experts believe that damage already incurred to the infrastructure was enough to disrupt the energy supply for years rather than just months."
"Laying out the spectrum of possible responses just earlier this week, she said "large, sustained deviations call for forceful monetary policy action.""
"The front end is back to pricing more than three ECB hikes this year."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Thu Lan Nguyen at Commerzbank has revised Gold forecasts higher, now seeing USD 5,000 per ounce by end-2026 and USD 5,200 next year, despite a recent 15% drop. The bank expects the Iran war to end in spring, US rate-hike expectations to correct, Fed cuts totaling 75 bps, and US real yields to fall, preserving Gold’s safe-haven appeal over time.
Safe-haven case intact longer term
"We have also adjusted our gold price forecast in light of recent developments."
"It may come as a surprise, however, that we have raised our price forecast for the end of this year and next year—from USD 4,900 per troy ounce to USD 5,000 per troy ounce by the end of this year, and from USD 4,800 per troy ounce to USD 5,200 per troy ounce by the end of next year."
"We therefore clearly do not believe that the recent, quite significant pullback is sustainable."
"We even expect the US Federal Reserve to resume its rate-cutting cycle at the end of this year and to lower its benchmark rate by a total of 75 basis points by the middle of next year."
"US real interest rates are likely to fall over the longer term, which reduces the opportunity cost of holding gold."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Royal Bank of Canada (RBC) economists Claire Fan and Abbey Xu expect Canadian GDP to be essentially flat in January after December’s 0.2% gain, with weakness concentrated in autos and housing but offset by energy and retail. They see early indicators, including RBC card data and Statistics Canada advances, pointing to a partial rebound in February and Q1 growth roughly in line with forecasts.
GDP stalls but signs of recovery
"In line with Statistics Canada’s advance estimate, we expect GDP growth to have slowed to essentially flat in January after rising 0.2% in December."
"Early indicators, however, point to a partial rebound in February as disruptions unwound."
"Spending resilience appears to have extended into February."
"The Bank of Canada flagged downside risks to their 1.8% annualized GDP growth forecast for Q1 at the March meeting."
"After a weak January, improvements in activities in February and March as auto disruptions eased should still leave growth on balance in line with our forecast for a modest increase."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
- Gold edges higher as the US Dollar eases, but geopolitical tensions keep markets volatile.
- Oil-driven inflation risks lift interest rate hike expectations across major central banks.
- Technically, XAU/USD stabilizes around recent lows, but the near-term trend remains weak.
Gold (XAU/USD) edges higher on Friday, stabilizing after falling nearly 2.75% the previous day, as evolving geopolitical headlines around the US-Israel war with Iran continue to drive volatility across global markets. At the time of writing, XAU/USD is trading around $4,455 after reaching an intraday high near $4,475 during the European session.
Meanwhile, a modest pullback in the Greenback is also offering support, with the US Dollar Index (DXY) easing after briefly climbing above the 100.00 mark earlier in the day.
The University of Michigan’s March data showed a mixed picture. Consumer Sentiment Index came in at 53.3, below expectations of 54 and down from the previous 55.5. The Consumer Expectations Index also declined to 51.7 from 54.1. Meanwhile, 1-year inflation expectations rose to 3.8% from 3.4%, while the 5-year outlook remained steady at 3.2%.
Trump pauses strikes on Iran's energy plants, but uncertainty lingers
US President Donald Trump announced a delay in planned military strikes targeting Iran’s energy infrastructure. The deadline, initially set to expire on Friday, has now been extended by 10 days. In a post on Truth Social, Trump said that “As per Iranian Government request” he would pause the strikes until “April 6, 2026, at 8 P.M., Eastern Time,” adding that “talks are ongoing.”
However, the move did little to calm market nerves. While the delay may reduce some immediate escalation risk, it offers limited clarity on a path toward resolution, particularly as Iran continues to push back against negotiations. Meanwhile, The Wall Street Journal reported on Thursday that the Pentagon is considering sending additional 10,000 ground troops to the Middle East, keeping the risk of further escalation alive if no resolution is reached.
Oil-driven inflation fears reshape interest rate expectations
The Strait of Hormuz remains a key focal point of the ongoing conflict and continues to face significant restrictions, keeping Oil prices elevated. Against this backdrop, Gold is behaving more like an interest rate-sensitive asset rather than a traditional haven, as Oil-driven inflation risks are prompting traders to price in potential rate hikes across major central banks, including the Federal Reserve (Fed), the European Central Bank (ECB), and the Bank of England (BoE).
According to the CME FedWatch Tool, markets are pricing out any rate cut this year and are betting on a 50% chance of higher borrowing costs by the end of 2026, compared with the 2-3 cuts projected before the US-Iran war started.
Firm US Dollar and rising yields weigh on Gold
The hawkish rate repricing of Fed rate cut expectations is pushing US Treasury yields higher across the board, with the 10-year benchmark rising to around 4.45%, its highest level since July 2025. This is weighing on Gold, as rising yields increase the opportunity cost of holding non-yielding assets.
At the same time, the US Dollar (USD) remains broadly firm amid escalating tensions, benefiting from its status as the world’s primary reserve currency, adding further pressure on the bullion. As both Oil and Gold are priced in USD, rising Oil prices tend to support the Greenback, in turn limiting Gold’s upside.
Looking ahead, focus shifts to the Fed speakers, including Richmond Fed President Tom Barkin, Philadelphia Fed President Anna Paulson, and San Francisco Fed President Mary Daly, as markets look for clues on the monetary policy path.
Technical analysis: Sellers remain in control below key resistance levels
From a technical perspective, XAU/USD is showing early signs of stabilization after briefly slipping to four-month lows near $4,100 earlier this week. However, the near-term outlook remains tilted to the downside, with price trading below key moving averages on both the hourly and daily charts.
On the 4-hour chart, the bearish structure remains intact, with price holding below the 50- and 100-period Simple Moving Averages (SMA), both of which continue to slope lower, indicating persistent downside pressure.
The Relative Strength Index (RSI) is hovering in the low-to-mid 40s after recovering from oversold territory, suggesting selling pressure is easing but not reversed. The Moving Average Convergence Divergence (MACD) indicator trades in positive territory with the MACD line above the signal line, hinting at a corrective recovery within a broader downward structure rather than a clean trend shift.
On the upside, the 50-period SMA at $4,579 acts as immediate resistance, followed by the 100-period SMA near $4,842. On the downside, $4,300 serves as immediate support, with the weekly swing low around $4,098 as the next key level to watch.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the British Pound.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.22% | 0.40% | 0.06% | 0.04% | 0.05% | 0.14% | 0.33% | |
| EUR | -0.22% | 0.18% | -0.17% | -0.19% | -0.18% | -0.08% | 0.11% | |
| GBP | -0.40% | -0.18% | -0.34% | -0.37% | -0.36% | -0.26% | -0.07% | |
| JPY | -0.06% | 0.17% | 0.34% | -0.01% | -0.02% | 0.08% | 0.28% | |
| CAD | -0.04% | 0.19% | 0.37% | 0.00% | -0.01% | 0.11% | 0.29% | |
| AUD | -0.05% | 0.18% | 0.36% | 0.02% | 0.00% | 0.10% | 0.29% | |
| NZD | -0.14% | 0.08% | 0.26% | -0.08% | -0.11% | -0.10% | 0.19% | |
| CHF | -0.33% | -0.11% | 0.07% | -0.28% | -0.29% | -0.29% | -0.19% |
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).
- Silver moves higher during the European session, trading around $68.50.
- Geopolitical tensions in the Middle East continue to fuel market uncertainty.
- Rising inflation expectations weigh on the appeal of non-yielding assets.
Silver (XAG/USD) trades around $68.50 on Friday at the time of writing, up 0.59% on the day, supported by renewed investor interest. Despite this uptick, the white metal remains within a broadly sideways trend, as market participants stay cautious amid an uncertain macroeconomic environment.
The geopolitical backdrop remains a key driver. Hopes for de-escalation in the Middle East are fading after reports suggested that Iran did not request a pause in planned US strikes on its energy infrastructure. This casts doubt on statements from US President Donald Trump, who had previously indicated that attacks were postponed at Tehran’s request. The situation continues to fuel volatility across financial markets.
In this context, Oil prices remain elevated, notably due to ongoing tensions around the Strait of Hormuz. Higher energy prices are reinforcing global inflation expectations, reshaping the outlook for monetary policy across major economies.
Investors are now reassessing the interest rate path, pricing in a more restrictive environment for longer than previously expected. The Federal Reserve (Fed), the European Central Bank (ECB), and the Bank of England (BoE) may be forced to maintain tighter monetary conditions to contain inflationary pressures.
This shift is weighing on Silver, a non-yielding asset, as rising bond yields increase its opportunity cost. At the same time, the strength of the US Dollar (USD), supported by higher rate expectations, is also limiting the metal’s upside by making it more expensive for non-USD investors.
Against this mixed backdrop, Silver price action remains dependent on the balance between safe-haven demand and macroeconomic pressures linked to interest rates and inflation, pointing to a still fragile near-term outlook.
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
Scotiabank strategists Shaun Osborne and Eric Theoret report EUR/USD has slipped slightly below yesterday’s low as Dollar strength persists. ECB data show moderating inflation expectations, while President Lagarde signaled caution on rate moves given energy-price risks. Technically, they see a soft undertone but maintain a mild upward bias from the mid-month 1.14 test, with support at 1.1500 and resistance near 1.1560.
Lagarde caution as key supports watched
"The EUR has found no respite from USD strength so far on the day, slipping marginally below yesterday’s low."
"ECB data revealed a moderation in Euro area inflation expectations in February—before Gulf hostilities commenced—but policymakers remain alert to the risks from rising energy prices."
"President Lagarde said the scale of the shock is probably beyond imagination at this point, suggesting that the central bank will not act precipitously on rates before it can fully assess developments."
"Spot retains a soft undertone but the mild upward bias established from the mid-month test of the 1.14 area remains intact."
"Support is 1.1500/05 intraday. Weakness below this channel base will target a retest (at least) of the 1.14 area. Resistance is 1.1560. "
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
ING’s Chris Turner notes that Banxico’s 25 bp rate cut to 6.75% came with largely unchanged inflation forecasts and a projection of a return to target in early 2027. He argues that easing policy in the current environment is risky and suggests the Peso remains vulnerable, with scope for USD/MXN to correct higher on negative Middle East news.
Rate cut questions Peso resilience
"Banxico mildly surprised the market by cutting the policy rate 25bp to 6.75% yesterday. Somewhat surprisingly, its inflation forecasts were little changed since February (just 0.1/0.2% modest increases for headline and core CPI year-on-year rates). And it still forecast inflation returning to target at 3.00% in early 2027."
"Cutting rates in the current environment is a little dangerous and does suggest that Banxico is slightly less concerned about currency weakness than many other emerging market central banks."
"We had felt earlier this year that Banxico would not want to see USD/MXN trading well under 17.00 again. As a big EM beast and a proxy hedge for the EM complex, we think the peso remains vulnerable."
"Some poor news out of the Middle East could now see USD/MXN correct back up to the 18.50/70 region."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
- GBP/JPY steadies on Friday after early losses, as renewed intervention fears boosted demand for the Japanese Yen.
- Japan’s Finance Minister Katayama warns against speculative FX moves, signals readiness to act.
- Weak UK Retail Sales data offered limited support to the British Pound.
GBP/JPY trades flat on Friday after slipping earlier in the European session, as the Japanese Yen (JPY) strengthened amid rising intervention fears. The move comes as USD/JPY trades within striking distance of the 160.00 level, a key zone that previously prompted action from Japanese authorities.
At the time of writing, GBP/JPY is trading around 212.60, rebounding from an intraday low near 212.23.
Intervention fears intensified after Japan’s Finance Minister Satsuki Katayama said authorities are “monitoring market developments with high vigilance.” She flagged “speculative FX moves driven by Oil prices” and said a G7 finance ministers’ meeting will be held, stressing readiness to “take decisive steps on forex.”
Meanwhile, the Bank of Japan (BoJ) said Japan’s natural rate of interest is estimated in the range of -0.9% to 0.5%, compared with -1.0% to 0.5% previously, noting that the upward shift reflects an improvement in the country’s potential growth rate and stronger risk appetite among market participants.
Adding to the hawkish tone, former Bank of Japan (BoJ) Governor Haruhiko Kuroda said the ongoing Iran war could accelerate the pace of rate hikes rather than delay them, adding that Japan is on a stable growth path, reducing the need for continued monetary easing. Kuroda also noted that there would be no issue with raising the policy rate three to four times through next year, potentially taking it to around 1.5%.
In the UK, Retail Sales data did little to support the British Pound, with monthly sales falling 0.4% in February, beating expectations for a 0.8% decline, following a 2.0% increase in January.
On an annual basis, Retail Sales rose 2.5%, slightly above forecasts of 2.1%, but eased from 4.8% previously. Meanwhile, Retail Sales excluding fuel also declined 0.4% MoM, beating expectations for a 0.8% drop, after a 2.2% increase in January, while the YoY figure came in at 3.4%, down from 5.9%.
Japanese Yen Price Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the British Pound.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.03% | 0.25% | 0.06% | 0.01% | 0.02% | 0.07% | 0.10% | |
| EUR | -0.03% | 0.23% | 0.02% | -0.04% | -0.02% | 0.05% | 0.08% | |
| GBP | -0.25% | -0.23% | -0.19% | -0.27% | -0.25% | -0.18% | -0.15% | |
| JPY | -0.06% | -0.02% | 0.19% | -0.05% | -0.05% | 0.01% | 0.06% | |
| CAD | -0.01% | 0.04% | 0.27% | 0.05% | 0.01% | 0.09% | 0.11% | |
| AUD | -0.02% | 0.02% | 0.25% | 0.05% | -0.01% | 0.07% | 0.09% | |
| NZD | -0.07% | -0.05% | 0.18% | -0.01% | -0.09% | -0.07% | 0.03% | |
| CHF | -0.10% | -0.08% | 0.15% | -0.06% | -0.11% | -0.09% | -0.03% |
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 Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
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