The euro/dollar currency pair confidently fixed at lower trading levels, reaching 1.1312.
The yield of US Treasury bonds stopped the growth and was fixed at 1.811%. While on Wednesday there was a jump to 1.9% per annum, but by the close of the market there was a decline to 1.869%. Despite the downward trend, against the background of growing expectations of tightening measures by the Fed, the yield of government securities still maintains maximum positions.
Experts predict that the base interest rate will rise by 25 basis points in March. The focus is on the Fed meeting, which will take place early next week. Market participants are eagerly awaiting comments from Central Bank executives.
The exchange rate of the currency pair is still sensitive to the news background. The publication of leading US economic indicators is expected.
After the breakdown of the support level of 1.3622, the pound/dollar currency pair was fixed in the trading range of 1.3622 - 1.3573. At the moment, the US currency occupies a leading position. Quotes support a downtrend.
After a rapid rise, the UK bond yield took a downward course, reaching the level of 1.2285%.
The results of last week showed an increase in the number of Americans who applied for unemployment benefits for the first time. The figure has increased by 55 thousand people, which is the maximum since October 2021.
The week ended with an increase in trading activity in currency pairs with the presence of the pound. Friday's agenda includes the consumer price index, the retail sales index, as well as the volume of retail sales.
The prospect of the formation of an ascending channel is increasingly being traced in the gold market. To maintain this rate, the banking metal must break through an important resistance level in the area of 1847.29. The restraining level against the decline of the currency is the area of 1830.47 dollars per ounce.
Trading Thursday ended with a fall in the US stock market, due to negative dynamics from the consumer services, raw materials, and technology sectors. The Dow Jones declined by 0.89%, the S&P 500 index fell by 1.10%.
According to Eurostat, consumer prices in the eurozone rose by 5% in December compared to the same month last year, reaching the highest since July 1991. The inflation data in December coincided with the forecasts of experts.
There was a sharp decline in bitcoin to the support level of $40575. The prospect of a breakdown of this mark can cause large-scale sales.
By the end of Thursday, the capitalization of the cryptocurrency market amounted to $1.91 trillion.
The largest digital assets continue to lose ground amid expectations of a tightening of monetary policy by the Fed. At the beginning of the year, the BTC/USD rate fell by 9.3%.
The focus remains on the issue of the Federal Reserve raising the base interest rate in March. Experts predict a rise of more than 25 basis points. Market participants are also waiting for comments from the heads of the Central Bank, after the next meeting of the Fed, which will be held next week.
The cryptocurrency market is still strongly influenced by the news background. And the next strengthening of the dollar will only contribute to a decrease in their quotes. Janet Yellen, the current Finance Minister, is expected to speak in the United States.