18/03/2026
Uncertainty dominates markets ahead of key US jobs data, with expectations that a second consecutive weak report could further erode market confidence.
In recent trading sessions, major currency pairs such as EUR/USD and GBP/USD have experienced fluctuations amid a softening US Dollar and broader risk-averse sentiment in the market.
The US dollar continued its upward momentum towards the end of the month, with both GBP/USD and EUR/USD reaching their lowest levels in a week.
In the second quarter of this year, the US GDP saw an upward revision from 2.8% to 3%, and jobless claims were slightly lower than anticipated, totalling 231,000.
End-of-month financial flows continued to exert pressure on the euro, leading to its decline and a corresponding rise in the US dollar throughout the day.
Federal Reserve Chair Powell signalled an upcoming rate cut in September, prompting the US dollar to weaken further.