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Forexlive Americas FX news wrap: Growth concerns mount on a crazy day
Forexlive Americas FX news wrap: Growth concerns mount on a crazy day
Forex news for North American trading on Feb 28, 2025
Session wrap
Wrap Nth America
AUD/USD slides near 0.6200 after US PCE data, tariffs
AUD/USD slides near 0.6200 after US PCE data, tariffs
The AUD/USD pair posts a fresh three-week low near 0.6200 in Friday’s trading session after extending its losing streak for the sixth straight day.
AUDUSD
SEO
TradeWar
Mexican Peso plunges as Trump confirms March tariffs, Peso faces weekly losses
Mexican Peso plunges as Trump confirms March tariffs, Peso faces weekly losses
The Mexican Peso (MXN) prolonged its agony and depreciated against the Greenback on Friday, set to achieve weekly losses of over 0.59% as the President of the United States (US) Donald Trump emphasized that tariffs on Mexico are moving forward on March 4.
USDMXN
Banxico
Fundamental Analysis
Technical Analysis
SEO
US Dollar holds ground after PCE data, geopolitical jitters
US Dollar holds ground after PCE data, geopolitical jitters
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of six major currencies, remains firm above 107.00 on Friday after January’s Personal Consumption Expenditures (PCE) inflation data came in line with forecasts, easing concerns over unexpected inflation spikes.
DollarIndex
SEO
Currencies
Dow Jones Industrial Average recovers ground on shaky legs
Dow Jones Industrial Average recovers ground on shaky legs
The Dow Jones Industrial Average (DJIA) recovered some lost ground on Friday, rebounding about 200 points to remain in contention with the 43,500 level before giving up and falling back to the day’s opening bids.
DowJones
Equities
SEO
US President Donald Trump cancels signing ceremony with Ukraine
US President Donald Trump cancels signing ceremony with Ukraine
A meeting between US President Donald Trump and Ukrainian leader Volodymyr Zelenskyy devolved into an argument on Friday.
OfficialTrump
UnitedStates
Ukraine
EUR/USD Price Analysis: Pair stabilizes below 20-day SMA, sharp weekly decline
EUR/USD Price Analysis: Pair stabilizes below 20-day SMA, sharp weekly decline
EUR/USD closed the week with a slight recovery but remains in a vulnerable position after failing to sustain gains above the 100-day Simple Moving Average (SMA).
EURUSD
Majors
Currencies
GBP/USD struggles at 1.2600 set to first monthly gain since September
GBP/USD struggles at 1.2600 set to first monthly gain since September
The Pound Sterling struggles to clear the 1.2600 figure against the US Dollar yet is set for it first monthly gain since September 2024.
GBPUSD
Currencies
Fundamental Analysis
Technical Analysis
US stock markets bounce but FX and bonds less convinced
US stock markets bounce but FX and bonds less convinced
Some big moves in stocks but FX not joining in
ECB: Keeping all options open – Rabobank
ECB: Keeping all options open – Rabobank
A growing group of policymakers is calling for a pause soon, but this will not affect next week’s meeting, Rabobank’s Senior Macro Strategist Bas van Geffen reports.
ECB
InterestRate
Banks
USD/CAD ticks lower after US PCE Inflation, Canadian GDP data release
USD/CAD ticks lower after US PCE Inflation, Canadian GDP data release
The USD/CAD pair edges lower to near but holds onto Thursday’s gains around 1.4430 in North American trading hours on Friday.
USDCAD
Fed
Inflation
GDP
TradeWar
US stocks set for modest gains at the open despite further Nvidia selling
US stocks set for modest gains at the open despite further Nvidia selling
Shares of Nvidia down 2% pre-market after yesterday's 8% post-earnings dive
US January PCE core +2.6% vs +2.6% expected
US January PCE core +2.6% vs +2.6% expected
Highlights of the US January PCE report
EUR/JPY Price Forecast: Rallies to near 157.00 as Yen weakens across the board
EUR/JPY Price Forecast: Rallies to near 157.00 as Yen weakens across the board
The EUR/JPY pair rallies to near 157.00 in the North American session on Friday.
EURJPY
ECB
BOJ
TradeWar
Inflation
GBP holds up well on the day – Scotiabank
GBP holds up well on the day – Scotiabank
Pound Sterling (GBP) is the best performing G10 currency on the week but is still trading with a 0.3% loss against the generally firmer USD, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Technical Analysis
Banks
US PCE and Canadian GDP are due at the bottom of the hour
US PCE and Canadian GDP are due at the bottom of the hour
A pair of market movers coming up
economic calendar
EUR soft but off lows – Scotiabank
EUR soft but off lows – Scotiabank
Inflation data from France showed unchanged prices on the February month (versus expectations of a 0.2% rise) while German regional CPI data support forecasts for steady to slightly lower German CPI data, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Technical Analysis
Banks
CAD resists deeper USD advance through mid-1.44s – Scotiabank
CAD resists deeper USD advance through mid-1.44s – Scotiabank
Right, so border tariffs are back on for next Tuesday. But maybe only for a short period? So much tariff-mongering, so little clarity, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Technical Analysis
Banks
USD extends gains as Asia FX underperforms – Scotiabank
USD extends gains as Asia FX underperforms – Scotiabank
Solid gains for the US Dollar (USD) yesterday reflected renewed tariff concerns, weaker stocks and underperforming alternative havens, such as gold, Scotiabank's Chief FX Strategist Shaun Osborne notes.
DollarIndex
Technical Analysis
Banks
Germany annual CPI inflation holds steady at 2.3% in February as expected
Germany annual CPI inflation holds steady at 2.3% in February as expected
Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), held steady at 2.3% on a yearly basis in February, Destatis' flash estimate showed on Friday.
Germany
Inflation
CPI
EconomicIndicator
Germany February preliminary CPI +2.3% vs +2.3% y/y expected
Germany February preliminary CPI +2.3% vs +2.3% y/y expected
Latest data released by Destatis - 28 February 2025
US Dollar happy to head into the weekend at current levels
US Dollar happy to head into the weekend at current levels
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, looks set to close off this week around 107.30, which is the level at the time of writing on Friday. The DXY tries to keep a hold on that level. Markets got shaken up again overnight as United States (US) President Donald Trump confirmed that tariffs for Canada and Mexico are going into effect on March 4. Meanwhile, China will face an additional 10% levy on the same day.
DollarIndex
Macroeconomics
UnitedStates
SEO
TradeWar
Levels
Trump Zelensky Meeting: How Should Investors Prepare?
Trump Zelensky Meeting: How Should Investors Prepare?
The upcoming weekend meeting between Donald Trump and Volodymyr Zelensky is not just a diplomatic event—it carries major implications for capital markets. Some of the risk-off we've been seeing this week might be a lot about that potential risk, among other factors (like NVDA earnings on Wed night).
Politics
ForexLive European FX news wrap: Dollar remains steady going into February home straight
ForexLive European FX news wrap: Dollar remains steady going into February home straight
Forex news from the European morning session on Feb 28, 2025
Session wrap
Wrap Europe
US futures hold up but we've seen this story before
US futures hold up but we've seen this story before
Wall Street tends to have other ideas on how the state of play goes