handleFOREX USD Price & Performance (FOREXUSD)

The Ghanaian cedi continues to weaken against the U.S. dollar, trading at GHS16.15 per dollar in forex bureaus as of March 14. On the interbank market, rates remain slightly lower at GHS15.54 for selling dollars. The cedi has also depreciated against the euro and British pound, reflecting broader currency challenges.1

The euro has surged to a five-month high against the U.S. dollar, driven by falling U.S. interest rates and rising German yields. The EUR/USD pair is approaching the 1.09 level, though analysts expect potential profit-taking. Weak U.S. economic data and trade policy uncertainties continue to weigh on the dollar.23

Bitcoin prices risk falling below $75,000 as the EU retaliates with counter-tariffs on U.S. goods. Analysts warn of increased market volatility stemming from these trade tensions. Despite bullish trends, macroeconomic uncertainty and geopolitical developments could trigger a temporary retracement in the cryptocurrency market.45