Witnet USD Price & Performance (WITUSD)

The U.S. dollar has weakened against major currencies, with the euro climbing to $1.0906 and nearing a five-month peak. The Japanese yen also gained ground, trading at 148.80 per dollar. Concerns over trade policies and economic uncertainty continue to weigh on the greenback, as investors reassess its outlook.12

The euro advanced by 0.2% to $1.0906, bolstered by optimism surrounding a German fiscal agreement. Analysts predict further appreciation, with the euro potentially reaching $1.13 by year-end. Meanwhile, U.S. retail sales showed a modest rebound in February, but broader economic concerns persist.23

This week, key central bank meetings, including the Federal Reserve and Bank of Japan, will dominate market focus. The Fed’s decision on rate cuts and economic projections will be closely monitored, while Japan’s steady interest rate policy is expected. Investors remain cautious amid global economic challenges.12