|07:00||United Kingdom||Retail Sales (MoM)||February||-8.2%||2.1%||2.1%|
|07:00||United Kingdom||Retail Sales (YoY)||February||-5.9%||-3.5%||-3.7%|
|09:00||Germany||IFO - Expectations||March||94.2||100.4|
|09:00||Germany||IFO - Current Assessment||March||90.6||93|
|09:00||Germany||IFO - Business Climate||March||92.4||96.6|
|12:00||United Kingdom||MPC Member Saunders Speaks|
USD fell against most of its major counterparts in the European session on Friday as investor risk sentiment improved on hopes for strong economic recovery and fast rollout of the U.S. vaccine programme.
The other two traditional safe havens - the yen and the Swiss franc - also came under pressure. At the moment, the U.S. dollar is trading higher against JPY and CHF.
Official data showed on Thursday that claims for unemployment benefits in the U.S. dropped to a one-year low last week, indicating that the country's economy is on the verge of stronger recovery as the public health situation improves.
The latest data from CDC shows that 26.3% of the U.S. population has received one dose of a multi dose vaccine and 14.3% has been fully vaccinated against the coronavirus. The U.S. President Joe Biden stated on Thursday that he will double his vaccination plan by the middle of May after reaching his previous goal of 100 million shots 42 days ahead of schedule.
It should be noted, however, that the U.S. currency's depreciation is coming in parallel with a jump in the U.S. Treasury bond yields, with benchmark 10-year notes rising five basis points to 1.674%, following yesterday's disappointing auction of $62 billion in 7-year notes.
© 2000-2021. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at firstname.lastname@example.org.