The US dollar could compensate some of the lost positions, but then it fell again - the dollar index basket (USDX) closed the trading day at the mark of 97.15. The pair EUR/USD tested the psychological level of 1.1000 amid the Germany manufacturing PMI positive release. The indicator exceeded the annual average which indicates the manufacturing sector positive trend development. Traders fixed profits with the long positions as a result there was a technical rebound. The downward rebound was short-term and the pair increased again.
The GBP/USD was under pressure trying its very best to reach the level of 1.5015. The UK inflation slowed down to the level of 0% on the annualized basis in February which encouraged bears to short.
The pair USD/JPY has been trading in the flat. The UK inflation report coincided with the traders’ expectations and against this background traders closed short positions which allowed the US dollar to demonstrate its growth to the level of 119.97 at the moment. However, the US stock market weakness did not allow bulls to finish the trading day on the positive note.