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Here is what you need to know on Friday, March 7: The US Dollar (USD) Index continues to edge lower on Friday and remains on track to post its largest weekly loss since November 2022. In the second half of the day, February employment data from the US, which will feature Nonfarm Payrolls, Unemployment Rate and wage inflation figures, will be watched closely by market participants.  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 Euro.   USD EUR GBP JPY CAD AUD NZD CHF USD   -4.16% -2.50% -1.98% -0.99% -1.62% -2.13% -2.41% EUR 4.16%   1.62% 2.03% 3.11% 2.55% 1.92% 1.63% GBP 2.50% -1.62%   0.51% 1.47% 0.91% 0.30% 0.02% JPY 1.98% -2.03% -0.51%   1.23% 0.42% -0.11% -0.45% CAD 0.99% -3.11% -1.47% -1.23%   -0.48% -1.15% -1.44% AUD 1.62% -2.55% -0.91% -0.42% 0.48%   -0.60% -0.89% NZD 2.13% -1.92% -0.30% 0.11% 1.15% 0.60%   -0.29% CHF 2.41% -1.63% -0.02% 0.45% 1.44% 0.89% 0.29%   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). After suffering heavy losses against its major rivals in the first half of the week, the USD continues to weaken, albeit at a softer pace. Markets expect Nonfarm Payrolls to rise by 160,000 in February, following the 143,000 increase recorded in January. Later in the American session, Federal Reserve (Fed) Chairman Jerome Powell, as well as some other…

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Filed under: News - @ March 7, 2025 7:25 am