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Economic news
19.04.2024

European session review: USD firms versus riskier peers amid heightened geopolitical concerns

TimeCountryEventPeriodPrevious valueForecastActual
06:00United KingdomRetail Sales (MoM)March0.1%0.3%0.0%
06:00United KingdomRetail Sales (YoY) March-0.3%0.7%0.8%
06:00GermanyProducer Price Index (MoM)March-0.4%0%0.2%
06:00GermanyProducer Price Index (YoY)March-4.1%-4.2%-2.9%


USD strengthened against riskier peers like the GBP, CAD and AUD in the European session on Friday as geopolitical concerns heightened after the Israeli missile strike on Iran.

Reports that Israel attacked Iranian territory in response to Iran's last week attack on Israel rattled investors and raised the demand for safe-haven assets, including the U.S. currency.

In addition, USD continued to benefit from recent hawkish comments of the Federal Reserve’s policymakers, which indicated that the U.S. central bank’s policymakers are not in a hurry to ease the monetary policy stance.

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