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Euro Forecast: EUR/USD Tests 2-Week Highs on Potential Trump “TACO”

In a generally quiet period for economic data, this week's trade was always going to be driven by developments in Middle East, though most traders probably didn't expect the headlines to hit so hard and heavy this early.
Date: 23.03.2026  |  Source: forex.com
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Quotes

Instrument Price Change (%)
EURUSD 1.161680 +0.39495%
GBPUSD 1.343710 +0.73242%
USDJPY 158.319000 -0.56588%
XAUUSD 4413.470000 -1.86793%
USDCAD 1.372630 +0.058316%
NZDUSD 0.586760 +0.7642%
USDCHF 0.785950 -0.16767%
AUDUSD 0.701340 -0.069817%
EURGBP 0.864430 -0.32402%
EURJPY 183.912000 -0.18236%
GBPJPY 212.725000 +0.13227%
AUDJPY 111.027000 -0.71628%
CADJPY 115.341000 -0.5681%
CHFJPY 201.418000 -0.27874%
NZDJPY 92.885000 +0.14015%
GBPCHF 1.056010 +0.48051%
EURCHF 0.913020 +0.17885%
USDMXN 17.772520 -0.71217%
USDZAR 16.810470 -1.05843%
USDTRY 44.301900 +0.017384%
USDRUB 81.927100 -1.43065%
USDSEK 9.314580 -0.25786%
USDCNY 6.880200 -0.07262%

Upcoming Important Events

Time Country Event Forecast Previous
23.03.2026
23:30 🇯🇵 Inflation Rate YoY (Feb) 1.3 1.5
24.03.2026
08:30 🇩🇪 Manufacturing PMI (Mar) 50.7 50.9
08:30 🇩🇪 S&P Global Manufacturing PMI (Mar) 49.4 50.9
09:30 🇬🇧 S&P Global Manufacturing PMI (Mar) 50.5 51.7
09:30 🇬🇧 S&P Global Manufacturing PMI Flash (Mar) 51.1 51.7
09:30 🇬🇧 S&P Global Services PMI (Mar) 53 53.9
09:30 🇬🇧 S&P Global Services PMI Flash (Mar) 51.8 53.9
25.03.2026
00:30 🇦🇺 CPI (Feb) 101.4 101.33
00:30 🇦🇺 CPI MoM (Feb) 0.3 0.3
00:30 🇦🇺 CPI YoY (Feb) 3.4 3.4