Ella 
Further gains in the U.S. dollar continued its strength and pushed the U.S. Dollar Index to around 104.50. The final value of fourth-quarter gross domestic product growth will be released on March 28, followed by the customary release of U.S. initial jobless claims last week, existing home sales and the final value of Michigan’s consumer confidence index.
EUR/USD is on the defensive and has extended its previous losses, leaving the door open for another test below the 1.0800 area. Germany will release March retail sales and labor market reports on March 28, which will be in focus.
GBP/USD is trading in a tight range as low as 1.2600 amid rising USD pressure and further downside pressure on riskier currencies. Bank of England Governor Mann will deliver a speech within the day and will also announce the annual rate of automobile production and the final value of gross domestic product growth.
USD/JPY rose to a new yearly high of 152.00 before moving back into the red zone. Domestically, a summary of the Bank of Japan’s opinions and weekly foreign bond investment data will be released during the day.
AUD/USD has accelerated its decline towards the key 0.6500 area amid further gains in the US dollar and poor commodity performance. On March 28, the Melbourne Institute will release inflation expectations as well as data on retail sales, housing credit and private sector credit.
WTI oil prices fluctuated amid higher-than-expected U.S. crude oil inventories, intensifying geopolitical crises and lackluster speculation about the upcoming OPEC+ meeting (April 3).
A further pullback in U.S. Treasury yields prompted gold prices to retest the $2,200 area, while silver prices reversed a four-session losing streak.
