This is what you need to know to trade today Wednesday August 23:
Markets have stabilized in the early hours of Wednesday after the volatility of the previous day. Investors are awaiting preliminary surveys for August S&P Global manufacturing and services PMI for Germany, the EU, the United Kingdom and the United States. Later, new home sales for July in the United States will be published and the European Commission will report on consumer confidence in the euro zone. The highly anticipated Jackson Hole Symposium will begin on Thursday.
On Tuesday, the Dollar It strengthened against its rivals in the second half of the day, while Wall Street’s main indices fell after a mixed open. He DXY Dollar Index hit its highest level since mid-June above 103.70 during the American session on Tuesday, but has pulled back to the 103.50 area early on Wednesday. Meanwhile, the 10-year US Treasury yield remains in negative territory below 4.3% in European morning and US stock index futures are up 0.3-0.5%.
Dollar price today
The following table shows the percentage change of the US dollar (USD) against the main currencies quoted today.
| USD | USD | GBP | CAD | AUD | JPY | USD | CHF | |
| USD | -0.08% | -0.14% | -0.01% | -0.14% | -0.04% | -0.11% | -0.03% | |
| USD | 0.11% | -0.03% | 0.09% | -0.04% | 0.06% | 0.00% | 0.07% | |
| GBP | 0.14% | 0.06% | 0.12% | -0.01% | 0.09% | 0.03% | 0.10% | |
| CAD | 0.03% | -0.05% | -0.11% | -0.11% | -0.02% | -0.08% | -0.02% | |
| AUD | 0.11% | 0.06% | 0.00% | 0.13% | 0.10% | 0.03% | 0.10% | |
| JPY | 0.07% | -0.02% | -0.08% | 0.05% | -0.07% | -0.05% | 0.01% | |
| USD | 0.11% | 0.03% | 0.00% | 0.11% | 0.00% | 0.09% | 0.12% | |
| CHF | -0.01% | -0.08% | -0.15% | 0.00% | -0.15% | -0.04% | -0.12% |
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 fell to a 7-week low of 1.0833 on Tuesday before staging a technical correction. At time of writing, the pair is rising slightly above 1.0850.
He GBP/USD It rose as high as 1.2800 in the European session on Tuesday, but closed the day in negative territory at 1.2730. The pair recovers towards 1.2750 on Wednesday.
New Zealand data has shown during the Asian session that retail sales contracted 1% quarterly in the second quarter. This reading followed the 1.6% drop recorded in the first quarter and exceeded market expectations for a 2.6% decline. The pair NZD/USD It rallied in immediate reaction but failed to gain bullish momentum. The pair is trading flat around 0.5950.
He S&P Global manufacturing PMI slipped to 49.4 in August from 49.6 in July, Australian data showed. He Services PMI worsened up to 46.7 in the same period and was below market expectations of 47.9. Despite the disappointing PMI data, the AUD/USD remains in positive territory slightly below 0.6450 in the European session.
He USD/JPY it closed in the red on Tuesday and continues to trend lower towards 145.50 on Wednesday. He Jibun Bank Manufacturing PMI rose to 49.7 in Japan and the Services PMI rose to 54.3 from 53.8.
The price of Gold Gained rally momentum amid reversal in US Treasury yields and rose above $1,903 after closing slightly below that level on Tuesday.
He Bitcoin is stable near $26,000 for the fifth day in a row on Wednesday and the ethereum remains lower below $1,700.
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.
