This is what you need to know to trade today tuesday august 22:
The US dollar is having a hard time finding demand early on Tuesday, with investors showing interest in risk sensitive assets. In the US economic agenda will be published the data of existing home sales of July, along with the richmond fed manufacturing index. Later in the session, the governor of the Federal Reserve (Fed), Michelle Bowmanand the president of the Chicago Fed, austan goolsbeewill speak at the Fed Listens event titled “Joining the Labor Force After Covid – A Discussion on Youth Employment”.
indices S&P 500 and Nasdaq Composite closed on Monday in positive territory, while the Dow Jones Industrial Average posted small daily losses. S&P Global Ratings announced that it was downgrading several US banks by one notch. midsize companies, including KeyCorp, Comerica Inc, Valley National Bancorp, and UMB Financial Corp.
Meanwhile, the yield on the 10-year US Treasury hit its highest level in almost 16 years at 4.36% before easing back towards 4.3%. As of early Tuesday, US stock index futures are trading in positive territory, reflecting improving risk sentiment, and the DXY Dollar Index remains in negative territory near 103.00.
Current price of the US dollar
The following table shows the percentage change of the US dollar (USD) against the main currencies.
| USD | USD | GBP | CAD | AUD | JPY | USD | CHF | |
| USD | -0.26% | -0.26% | -0.13% | -0.46% | -0.32% | -0.59% | -0.14% | |
| USD | 0.25% | 0.04% | 0.18% | -0.24% | -0.07% | -0.23% | 0.09% | |
| GBP | 0.28% | 0.01% | 0.15% | -0.20% | -0.05% | -0.27% | 0.14% | |
| CAD | 0.13% | -0.14% | -0.13% | -0.33% | -0.18% | -0.41% | -0.01% | |
| AUD | 0.49% | 0.20% | 0.20% | 0.34% | 0.15% | -0.07% | 0.34% | |
| JPY | 0.33% | 0.02% | 0.00% | 0.18% | -0.18% | -0.24% | 0.17% | |
| USD | 0.55% | 0.31% | 0.30% | 0.45% | 0.09% | 0.27% | 0.44% | |
| CHF | 0.12% | -0.17% | -0.18% | 0.01% | -0.39% | -0.17% | -0.36% |
The heat map shows the percentage changes of 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 move across the horizontal line to the Japanese Yen, the percentage change in the box will represent EUR (base)/JPY (quote).
He EUR/USD it posted small gains on Monday and continued to rise early on Tuesday. The pair reached its highest level in six days, above 1.0920.
He GBP/USD gained bullish momentum and advanced towards 1.2800 early Tuesday after a modest bounce on Monday.
He USD/JPY It rallied strongly on rising US Treasury yields, but returned below 146.00 during the Asian session on Tuesday. After his meeting with Japanese Prime Minister Fumio Kishida, the Governor of the Bank of Japan, Kazuo Ueda said they did not discuss currency volatility at the meeting.
The price of Gold benefits from falling US yields and is stretched higher in European morning Tuesday. At time of writing, XAU/USD is up 0.4% on the day above $1,900.
He Bitcoin it continues to fluctuate in a tight range around $26,000. He ethereum it remains relatively calm below $1,700 after losing more than 1% on Monday.
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.
