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The downtrend in the US Dollar gathered extra steam on Wednesday, fuelled by concerns over the US economy and some renewed hopes that the Trump administration could delay some planned tariffs.<\/em><\/p>\n The US Dollar Index<\/a> (DXY) retreated further and breached the 104.00 support, hitting fresh multi-month lows. The release of the Nonfarm Payrolls will take centre stage along with the Unemployment Rate. In addition, the Fed\u2019s Powell, Kugler, Bostic, Bowman, and Williams are all due to speak.<\/p>\n EUR\/USD rose further and reached new 2025 peaks around the 1.0850 zone following the weaker Greenback and the ECB\u2019s rate cut. Another estimate of Q4 GDP Growth Rate in the euro area is due followed by quarterly Employment Change prints and Germany\u2019s Factory Orders. Additionally, the ECB\u2019s Lagarde and Buch are expected to speak.<\/p>\n GBP\/USD clocked new four-month highs north of 1.2900 the figure, although it eventually ended the day barely changing from Wednesday\u2019s close. The Halifax House Price Index<\/a>, and the BBA Mortgage Rate will be released, seconded by speeches by the BoE\u2019s Mann.<\/p>\n USD\/JPY dropped for the second straight day, this time slipping back to the 147.30 region, an area last traded in early October. Next on tap on the Japanese docket will be the Average Cash Earnings, Current Account, Bank Lending, the preliminary Coincident Index and the Leading Economic Index, as well as the Eco Watchers Survey, all due on March 10.<\/p>\nHere is what you need to know on Friday, March 7:<\/h2>\n