Here is what you need to know on Friday 28 February:
The US dollar index (USD), which tracks the performance of the dollar for a basket of six main currencies, gets small daily gains after touching two weeks close to 107.50 early on Friday. Investors are waiting for the initial consumer price index data in February from January of January, PEC’s preferred scale of inflation in the Federal Reserve, from the United States. In addition, Statistics Canada will spread GDP growth (GDP) for the fourth quarter.
US dollar price this week
The table below shows the percentage of change in the US dollar (USD) against the main currencies listed this week. The US dollar was the strongest against the New Zealand dollar.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | 0.73 % | 0.39 % | 0.60 % | 1.60 % | 2.34 % | 2.55 % | 0.39 % | |
| euro | -0.73 % | -0.42 % | -0.31 % | 0.68 % | 1.59 % | 1.62 % | -0.50 % | |
| GBP | -0.39 % | 0.42 % | 0.17 % | 1.11 % | 2.02 % | 2.05 % | -08 % | |
| JPY | -0.60 % | 0.31 % | -0.17 % | 1.00 % | 1.82 % | 2.03 % | -11 % | |
| CAD | -1.60 % | -68 % | -1.11 % | -1.00 % | 0.68 % | 0.93 % | 1.17 % | |
| Aud | -2.34 % | -1.59 % | -2.02 % | -1.82 % | -68 % | 0.03 % | -2.06 % | |
| Nzd | -2.55 % | -1.62 % | -2.05 % | -2.03 % | -0.93 % | -0.03 % | -2.09 % | |
| Chf | -0.39 % | 0.50 % | 0.08 % | 0.11 % | 1.17 % | 2.06 % | 2.09 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the US dollar from the left column and move along the horizontal line to the Japanese yen, the percentage offered in the box will represent the USD (base)/JPY (quote).
The United States gathered a force against its competitors in the second half of today, Thursday, after US President Donald Trump entered that a 25 % -planned tariff package for Mexican and Canadian imports will enter into force on March 4 as planned, instead of April 2, which he mentioned a day ago. On that date, additional fees will also be imposed by 10 %. Safe infiltration flows dominated the procedure in the financial markets after these comments, and the main indexes in Wall Street were suffering from great losses, helping to find demand for the dollar.
In the early trading hours of the Asian session, data from Japan showed that the consumer price index in Tokyo increased by 2.9 % on an annual basis in February, a decrease from an increase of 3.4 % in January. Meanwhile, the Deputy Governor of Japan Bank, Shinichi Oshida, indicated that the economy was suffering from a moderate recovery, as some weaknesses continued. After an increase of about 0.5 % on Thursday, USD/JPY The deals are marginally higher per day near 150.00 in the European morning on Friday.
Euro/dollars It was subjected to heavy pressure and lost about 0.8 % on Thursday. The husband is struggling to find a foothold early on Friday and trading less than 1.0400. Data from Germany showed that retail sales increased by 0.2 % in January, after a 1.6 % decrease registered in December, but failed to help the strength of the euro.
GBP/USD South late on Thursday turned and lost more than 0.5 % a day. The husband continues to decrease early on Friday and circulate less than 1.2600.
gold Its correction extended on Thursday and lost about 1.3 %. Xau/USD remains under downtown pressure on Friday and is trading in its weakest level in three weeks near $ 2860.
Aud/USD More than 1 % fell on Thursday and closed the fifth consecutive day in negative lands. The husband continues to decrease on Friday and deliberate at its lowest level since early February at about 0.6200.
Customs fees are common questions
Customs duties are useful customs duties on some imports of goods or a category of products. Customs duties are designed to help local producers and manufacturers to be more competitive in the market by providing the price feature on similar goods that can be imported. Definitions are widely used as fever tools, along with commercial barriers and import shares.
Although customs tariffs and taxes generate government revenues to finance public goods and services, they have many differences. Customs duties are pre -paid in the entry port, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, while customs duties are paid by importers.
There is a school of thought between economists regarding the use of definitions. While some argue that definitions are necessary to protect local industries and address commercial imbalances, others see them as a harmful tool that can push prices up in the long term and lead to a harmful commercial war by encouraging customs tariffs.
During the period before the presidential elections in November 2024, Donald Trump explained that he intends to use the customs tariff to support the American economy and American producers. In 2024, Mexico, China and Canada accounted for 42 % of the total imports of the United States. During this period, Mexico emerged as the best source with $ 466.6 billion, according to the American Statistical Office. Thus, Trump wants to focus on these three countries when imposing definitions. It is also planned to use the revenues created by definitions to reduce personal income taxes.
