Eurozone GDP and US Retail Sales data to wrap up volatile week
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Here is what you need to know on Friday, February 14: The US Dollar holds steady in the European morning on Friday after suffering large losses against its major rivals on Thursday. Eurostat will publish preliminary Employment Change and Gross Domestic Product (GDP) data for the fourth quarter. Later in the session, the US economic calendar will feature Retail Sales and Industrial Production data for January. US Dollar PRICE This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the weakest against the British Pound. USD EUR GBP JPY CAD AUD NZD CHF USD -1.29% -1.29% 0.82% -0.78% -0.76% -0.44% -0.61% EUR 1.29% 0.06% 2.25% 0.63% 0.53% 0.94% 0.76% GBP 1.29% -0.06% 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% -0.63% -0.54% 1.62% 0.04% 0.31% 0.13% AUD 0.76% -0.53% -0.47% 1.49% -0.04% 0.41% 0.23% NZD 0.44% -0.94% -0.88% 1.25% -0.31% -0.41% -0.18% CHF 0.61% -0.76% -0.71% 1.39% -0.13% -0.23% 0.18% 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). In the early American session on Thursday, US President Donald Trump hinted that they could announce reciprocal tariffs later in the day. With the immediate reaction, the USD gathered strength against its peers. Later in the day, however, the market mood improved and the USD came under renewed selling pressure as investors breathed a sigh of relief.…
Filed under: News - @ February 14, 2025 7:13 am