Trading news

UOB’s Quek Ser Leang highlights a weakening technical backdrop for AUD/USD after the pair broke below a rising wedge and tested the Ichimoku cloud base near 0.6870.

The Australian Dollar (AUD) outperforms its major currency peers, trading marginally higher to near 0.6900 against the US Dollar (USD) during the late European trading session on Friday.

Mexico Trade Balance s/a, $ climbed from previous $-1.248B to $-1.09B in February

Mexico Jobless Rate meets forecasts (2.6%) in February

Mexico Trade Balance, $ came in at $-0.463B below forecasts ($1.2B) in February

Mexico Jobless Rate s.a up to 2.7% in February from previous 2.6%

MUFG’s Derek Halpenny notes that the US Dollar’s initial weakness after President Trump extended the pause in attacks on Iran’s energy assets has been short-lived, with DXY only slightly lower.

Deutsche Bank’s Sanjay Raja expects a relatively quiet UK data week, with focus on March DMP survey signals around the Iran conflict, inflation expectations, and hiring plans. He forecasts only marginal upside risk to Q4-25 GDP, with the ONS likely confirming 0.1% q-o-q growth.

European Central Bank (ECB) Governing Council member Madis Müller said in an interview with Econostream that the central bank might need to wait for the release of second-round inflation effects before making any monetary policy adjustment.

The US Dollar (USD) is outperforming its peers on Friday, including the safe-haven Yen (JPY).

India FX Reserves, USD: $698.35B (March 16) vs previous $709.76B

Commerzbank’s Jörg Krämer expects the ECB to react to war‑driven energy inflation with at most one additional rate hike. Inflation is projected to rise above 3% by summer before easing, while Eurozone growth is revised down to 0.6% in 2026.

Brown Brothers Harriman’s (BBH) Elias Haddad reports that Japanese officials are escalating verbal intervention as USD/JPY approaches 160.00, a potential line in the sand.

Ireland Retail Sales (MoM) fell from previous 1.5% to -0.8% in February

Ireland Retail Sales (YoY) declined to 0.8% in February from previous 3%

Gold price (XAU/USD) trades over 1% higher at around $4,450 during the European trading session on Friday.

Italy 10-y Bond Auction increased to 4.09% from previous 3.31%

Italy 5-y Bond Auction: 3.48% vs 2.62%

The Euro (EUR) is trading lower against the US Dollar (USD) for the fourth consecutive day on Friday, changing hands at 1.1520 at the time of writing, down from weekly highs of 1.1640 on Monday.

TD Securities analysts note United Kingdom (UK) Retail Sales for February beat expectations, showing only slight mean reversion after strong gains and maintaining a positive three‑month trend. Weather-related weakness was broad but not fundamentally alarming.