A quick look at the currency movements today, Wednesday, March 26, 2025

The US dollar rose slightly against most currencies on Wednesday, as the tariffs and threats to impose them have already prompted unexpected moves, as they have shaken fears that they may lead to a decline in US growth, although these duties should be inflationary and raise the value of the dollar.

Data released on Tuesday showed US consumer confidence fell to its lowest level in more than four years in March, highlighting the extent to which uncertainty is affecting households.

Adriana Kugler, a member of the US Federal Reserve Board, also stressed that the pace of progress towards achieving the target inflation rate has slowed since last summer, noting that recent economic data reflect the continuation of inflationary pressures in the markets, and also said that the US Federal Reserve is closely monitoring any acceleration in inflation rates, amid indications of an economic slowdown at the beginning of the year.

USDJPY

The pair rose near the levels of 150.60 yen in the Asian trading session, and then made some minor corrections now, the pair is waiting for a busy week with the repercussions of customs duties.

EURUSD

The euro, which spent a week falling from a five-month high, settled at the level of 1.0785 US dollars.

GBPUSD

The British pound fell and became on the verge of 1.2900 levels after the release of British inflation data, which came below expectations, although services inflation remains stable at about 5%, and we are still waiting for the budget update to be released today as well.

AUDUSD

The trade-sensitive Australian dollar has stabilized, slightly above the 0.6300 levels, although the Australian consumer price inflation data for February came out slightly lower than expected, and we do not expect a return to decline again for the pair.

USDTRY

The Turkish lira also stabilized slightly below 38 lira to the dollar, after the finance minister and the governor of the central bank pledged to investors to do everything necessary to calm the market turmoil caused by the arrest of the main political rival of President Recep Tayyip Erdogan.