Earlier today, the Commerce Department showed that retail sales fell 0.6% in the previous month, which was the third consecutive monthly decline. Additionally, core retail sales (without automobiles, gasoline and food) were flat following a 0.1% decline in January. Thanks to these disappointing numbers the USD Index declined from a fresh 2015 high, slipping under the barrier of 100. How did this drop affect the euro?

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Earlier today, the U.K. Office for National Statistics showed that manufacturing production declined 0.5% in January, missing expectations for an increase of 0.2%, while industrial production dropped 0.1% in January, compared to expectations for a 0.2% increase. Thanks to these disappointing numbers, GBP/USD declined sharply, slipping to the Jan lows. Will we see fresh 2015 lows in the coming days?

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Earlier today, the National Australia Bank reported that its business confidence index declined to zero in the previous month from a reading of 3 in Jan, which pushed AUD/USD to a fresh 2015 low. How low could the exchange rate go?

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On Friday, the Bureau of Labor Statistics showed that the economy added 295,000 jobs in the previous month, beating analysts’ expectations for a 55,000gain. These bullish numbers supported the USD Index and pushed it to an intraday high of 97.75. What impact did this rally have on the euro, British pound and Japanese yen?

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On Wednesday, the ADP report showed that non-farm private employment increased by 212,000 last month, missing expectations for an increase of 220,000. Yesterday, the U.S. Department of Labor showed that the number of initial jobless claims in the week ending February 28 increased by 7,000, missing analysts’ forecasts of a 18,000 drop. Despite these disappointing numbers, the USD Index extended gains and hit a fresh 2015 high. Will today’s closely watched government report on nonfarm payrolls trigger further improvement and an increase above the level of 97? Before we know the answer to this question, let’s take a closer look at the current picture of major currency pairs and find out what impact did the recent rally have on their outlooks.

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