- The dollar index receives support from the decrease in tariff tensions between the United States and China.
- The US consumption price index is expected to increase 2.5% year -on -year in May.
- The US Court of Appeals extended a temporary suspension, allowing the Government to continue applying the broad Trump tariffs.
The dollar (DXY) index, which measures the value of the US dollar (USD) compared to six main currencies, is extending its profits for the second consecutive day and is quoted higher around 99.10 during Wednesday’s Asian hours. The US consumer price (CPI) index is expected to rise a 2.5% year -on -year in May.
The US dollar receives support from the decrease in commercial tensions between the United States (USA) and China. The US Secretary of Commerce, Howard Lutnick, suggested, on Tuesday, possible resolutions with China and pointed out that both countries have reached a framework to implement the Geneva consensus. Meanwhile, the Vice Minister of Commerce of China, Li Chenggang, said that communication with the United States has been rational and frank, and that it will report on a framework to Chinese leaders. However, officials from both parties will seek the approval of their leaders before the implementation, according to Bloomberg.
The US treasure yields remain stable while operators adopt caution before the next inflation data. The IPC report is expected to provide information on the economic impact of recent tariffs and broader inflationary trends. The yields at 2 and 10 years of the US Treasury Bonds are 4.01% and 4.46%, respectively, at the time of writing.
On Tuesday, the US Court of Appeals for the Federal Circuit extended a temporary suspension, allowing the Government to continue applying the broad tariffs of President Trump while appealing a decision of a lower court that blocked them last month, according to Bloomberg.
American dollar today
The lower table shows the percentage of US dollar change (USD) compared to the main coins today. US dollar was the strongest currency against the New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.08% | 0.14% | 0.07% | 0.05% | 0.14% | 0.33% | 0.02% | |
| EUR | -0.08% | 0.05% | 0.02% | -0.04% | 0.05% | 0.19% | -0.07% | |
| GBP | -0.14% | -0.05% | -0.06% | -0.06% | 0.02% | 0.16% | -0.13% | |
| JPY | -0.07% | -0.02% | 0.06% | -0.14% | 0.06% | 0.22% | -0.10% | |
| CAD | -0.05% | 0.04% | 0.06% | 0.14% | 0.11% | 0.24% | -0.07% | |
| Aud | -0.14% | -0.05% | -0.02% | -0.06% | -0.11% | 0.15% | -0.14% | |
| NZD | -0.33% | -0.19% | -0.16% | -0.22% | -0.24% | -0.15% | -0.29% | |
| CHF | -0.02% | 0.07% | 0.13% | 0.10% | 0.07% | 0.14% | 0.29% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the US dollar of the left column and move along the horizontal line to the Japanese yen, the percentage change shown in the box will represent the USD (base)/JPY (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
