{"id":112363,"date":"2025-02-28T01:37:21","date_gmt":"2025-02-27T21:37:21","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=112363"},"modified":"2025-02-28T01:38:08","modified_gmt":"2025-02-27T21:38:08","slug":"market-drivers-us-session-dollar-gains-on-tariffs-eyes-us-inflation-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/market-drivers-us-session-dollar-gains-on-tariffs-eyes-us-inflation-data\/02\/28\/market-updates\/","title":{"rendered":"Market Drivers; US Session: Dollar Gains on Tariffs, Eyes US Inflation Data"},"content":{"rendered":"The US dollar surged to multi-day highs, driven by President Trump&#8217;s new tariff announcements and cautious trading ahead of crucial US inflation data (PCE) due Friday.<br \/><br \/>Key Highlights for Friday, February 28:<br \/><br \/>US Dollar (DXY): Climbed past 107.00, supported by tariff news and rising US Treasury yields. Key US data releases include PCE, Personal Income\/Spending, Chicago PMI, Goods Trade Balance, and Wholesale Inventories.<br \/><br \/>EUR\/USD: Fell to weekly lows below 1.0400, pressured by the stronger dollar. Focus on German Retail Sales, labor market report, and February inflation, along with ECB Consumer Inflation Expectations.<br \/><br \/>GBP\/USD: Reversed recent gains, nearing the 1.2600 support level as the dollar strengthened. UK Nationwide Housing Prices are scheduled.<br \/><br \/>USD\/JPY: Briefly exceeded 150.00, continuing its upward trend. Tokyo inflation, Industrial Production, Retail Sales, Housing Starts, Construction Orders, and Foreign Bond Investment data are anticipated.<br \/><br \/>AUD\/USD: Broke below 0.6300, hitting two-week lows. Australian Housing Credit and Private Sector Credit figures are expected.<br \/><br \/>WTI Crude Oil: Rebounded above $70.00 per barrel, fueled by supply concerns after President Trump revoked Chevron&#8217;s Venezuela operating license.<br \/>Gold: Declined to two-day lows around $2,870 per ounce, impacted by the stronger dollar and rising US yields.","protected":false},"excerpt":{"rendered":"<p>The US dollar surged to multi-day highs, driven by President Trump&#8217;s new tariff announcements and cautious trading ahead of crucial US inflation data (PCE) due Friday.Key Highlights for Friday, February 28:US Dollar (DXY): Climbed past 107.00, supported by tariff news and rising US Treasury yields. Key US data releases include PCE, Personal Income\/Spending, Chicago PMI, &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53046,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,37,36],"tags":[],"class_list":["post-112363","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=112363"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112363\/revisions"}],"predecessor-version":[{"id":112365,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112363\/revisions\/112365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53046"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=112363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}