Here’s what you need to know to trade today Monday September 11:
He risk appetite remains firm early Monday, helped by a recovery in Chinese stock markets following a spike in inflation in the country that has shown timid signs of stability in the world’s second-largest economy. China’s Consumer Price Index (CPI) rose 1.0% year-on-year in Augustwhich represents a reversal of the 0.3% drop recorded in July.
US S&P 500 futures gain 0.30% on the day, while US Treasury yields rise 1% after US Treasury Secretary Janet Yellen, said over the weekend that “feels confident about a soft landing for the US economy.“.
With risk appetite dominating at the start of the critical US CPI inflation week, the US Dollar (USD) remains affected, ignoring positive US Treasury yields. reason behind the fall of the Dollar could be linked to the sell-off underway in USD/JPY pair. The DXY Dollar Index is correcting from six-month highs at 105.16, and is currently down 0.40% on the day, trading below 104.60.
Dollar Prices Today
Below is the percentage change of the US Dollar (USD) against the major currencies today.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -0.16% | -0.24% | -0.25% | -0.64% | -0.70% | -0.40% | -0.20% | |
| EUR | 0.14% | -0.09% | -0.08% | -0.48% | -0.55% | -0.28% | -0.04% | |
| GBP | 0.24% | 0.09% | 0.01% | -0.41% | -0.46% | -0.16% | 0.05% | |
| CAD | 0.24% | 0.08% | 0.01% | -0.41% | -0.47% | -0.20% | 0.04% | |
| AUD | 0.63% | 0.48% | 0.40% | 0.41% | -0.06% | 0.20% | 0.45% | |
| JPY | 0.67% | 0.56% | 0.48% | 0.45% | 0.08% | 0.29% | 0.51% | |
| NZD | 0.41% | 0.28% | 0.19% | 0.21% | -0.20% | -0.26% | 0.24% | |
| CHF | 0.18% | 0.04% | -0.05% | -0.04% | -0.45% | -0.51% | -0.25% |
The heat map shows the percentage changes of the major currencies against each other. The base currency is chosen in the left column, while the quote currency is chosen in the top row. For example, if you choose the euro in the left column and scroll down the horizontal line to the Japanese yen, the percentage change that appears in the box will represent EUR (base)/JPY (quote).
The Japanese Yen opened a large bullish gap against the Dollar, and the USD/JPY pair opened below 147.00 as Asian traders reacted to the Bank of Japan Governor Kazuo Ueda’s hawkish commentswho stated that the central bank will now focus on “a calm exit”, signaling possible interest rate increases. He USD/JPY It continues its fall in the early stages of the European session, and is trading around 146.00, with a drop of about 1.20% so far.
He EUR/USD is regaining ground above 1.0700, having hit a three-month low at 1.0686 last Thursday. He GBP/USD remains with notable gains above 1.2500, with traders awaiting Bank of England Chief Economist Huw Pill’s speech and monetary policymaker Catherin L. Mann’s speech later in the day.
He AUD/USD It is trading above the 0.6400 level, up 1% on the day, thanks to the rebound in Chinese inflation and the general weakness of the US Dollar. For his part, the USD/CAD has given way to the 1.3600 level, despite the sideways trend in WTI prices.
The price of Gold is extending recovery gains, approaching the 50-day SMA at $1,932 amid unabated US dollar selling, which outweighs the strength in US Treasury yields. , for now.
The economic calendar lacks top-tier releases on both sides of the Atlantic, leaving the currency market at the mercy of risk trends and sentiment surrounding the US dollar.
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.
