Daily market news

The Pound Sterling registers back-to-back bearish days, dropping some 0.14% on Friday against the Greenback after economic data from the UK revealed that the Gross Domestic Product (GDP) contracted.

The EUR/USD pair edges higher and recovers to 1.0900 at the time of writing on Friday, erasing its sluggish performance from earlier this week.

US Dollar (USD) is expected to trade in a range vs Japanese Yen (JPY), most likely between 147.45 and 148.70.

New Zealand Dollar (NZD) is expected to trade between 0.5675 and 0.5725 vs US Dollar (USD).

Euro (EUR) is under mild downward pressure vs US Dollar (USD); it could edge below 1.0820 but is unlikely to reach 1.0780.

Here is what you need to know on Friday, March 14: The US Dollar (USD) holds its ground in the European morning on Friday, with the USD Index staying in positive territory near 104.00 after posting modest gains for two consecutive days.

EUR/GBP holds ground after registering losses in the previous two consecutive sessions, trading around 0.8380 during the Asian hours on Friday.

The USD/CHF pair drifts higher to near 0.8840 during the Asian trading hours on Friday, bolstered by the renewed US Dollar demand.

The Silver price (XAG/USD) loses momentum to near $33.80 during the early Asian session on Friday.

GBP/USD churned chart paper for a second day in a row, holding steady just south of the 1.3000 handle as Cable traders take a breather and watch market headlines broadly sail past the Pound Sterling.