The US Dollar (USD) faces weakness on Thursday, failing to capitalize on January inflation data. Key economic releases, including the Eurozone's Industrial Production and US Producer Price Index, will be closely watched. Market participants also await developments regarding US President Donald Trump's trade policy, including potential reciprocal tariffs.
Here is what you need to know on Thursday, February 13: The US Dollar struggles to find demand early Thursday after having failed to capitalize on January inflation data on Wednesday. The European economic calendar will feature Industrial Production data for December. Later in the day, January Producer Price Index data from the US will be watched closely by market participants, who will also be awaiting new headlines surrounding US President Donald Trump's trade policy .
USD/CAD stays under bearish pressure and trades at its lowest level since mid-December near 1.4250 early Wednesday. After falling toward 1.0300 with the immediate reaction to US inflation data on Wednesday, EUR/USD regained its traction and ended the day marginally higher. The pair continues to push up toward 1.0450 to begin the European session. USD/JPY gathered bullish momentum on Wednesday, supported by rising US yields, and gained more than 1% on a daily basis.
US Dollar Inflation Trade Policy USD Index Producer Price Index Industrial Production Risk Sentiment
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