This is what you need to know to trade today Thursday August 17:
The major major currency pairs are trading near Wednesday closing levels by early Thursday, in the absence of catalysts. The Dollar Index, which hit its highest level since January at 103.60 earlier in the day, consolidates its weekly gains below 103.50 in the European session and US stock index futures are trading slightly higher after selling in Wall Street on Wednesday. Initial jobless claims and the Federal Reserve Bank of Philadelphia manufacturing survey will be top of the US economic agenda.
dollar price today
Below is the percentage change of the US Dollar (USD) against the major currencies. The US dollar was the strongest currency against the Australian dollar.
| USD | USD | GBP | CAD | AUD | JPY | USD | CHF | |
| USD | -0.06% | -0.06% | -0.07% | 0.27% | -0.07% | 0.07% | -0.05% | |
| USD | 0.06% | -0.01% | -0.01% | 0.33% | -0.02% | 0.13% | 0.00% | |
| GBP | 0.06% | 0.00% | -0.01% | 0.34% | -0.01% | 0.14% | 0.01% | |
| CAD | 0.07% | 0.02% | 0.01% | 0.35% | 0.00% | 0.15% | 0.02% | |
| AUD | -0.25% | -0.33% | -0.34% | -0.35% | -0.34% | -0.20% | -0.30% | |
| JPY | 0.06% | 0.01% | -0.01% | -0.01% | 0.33% | 0.15% | 0.01% | |
| USD | -0.06% | -0.14% | -0.14% | -0.14% | 0.19% | -0.15% | -0.13% | |
| CHF | 0.06% | 0.00% | 0.00% | -0.02% | 0.31% | -0.01% | 0.13% |
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).
Minutes from the Federal Reserve’s July policy meeting showed late on Wednesday that a couple of policymakers favored keeping the policy rate unchanged. However, the publication also noted that participants agreed that inflation risks might require further tightening of monetary policy. According to CME Group’s FedWatch tool, markets currently price the probability that the Fed will raise interest rates again by 25 basis points before the end of the year at more than 30%. Meanwhile, the benchmark 10-year US yield remains in positive territory, near 4.3%.
During Asian trading hours, the Australian Bureau of Statistics (ABS) reported that the unemployment rate rose to 3.7% in July from 3.5% in June. Full-time employment decreased by more than 24,000 people in the same period and the participation rate dropped to 66.7%. He AUD/USD came under downward pressure after the jobs report and lost almost 0.5% on the day, trading around 0.6400.
Data from Japan revealed that machinery orders contracted 5.8% annually in June. Imports and exports decreased by 13.5% and 0.3%, respectively, in the same period. He USD/JPY it did not react to these figures and reached its highest level since November at 146.56 in the Asian session, before retreating to the 146.20 zone.
EUR/USD fell to multi-week lows below 1.0900 and failed to stage a bounce in the Asian session. The pair is relatively quiet below that level in the European morning.
Despite the overall strength of the USD, GBP/USD managed to post modest daily gains on Wednesday, supported by UK inflation data. The pair is trading in a tight range below 1.2750 on Thursday. On Friday, the UK’s Office for National Statistics will publish retail sales data for July.
Pressured by rising US bond yields, the price of the Gold continued to decline on Wednesday, reaching its lowest level since March below $1,890. In the early hours of Thursday, XAU/USD rallied slightly but remained below $1,900.
He Bitcoin It broke below its three-week trading range on Wednesday and fell to its lowest level since early June near $28,300. As of early Thursday, the BTC/USD pair appears to have stabilized slightly above $28,500. He ethereum it lost more than 1% on Wednesday and was last seen trading modestly lower on the day below $1,800.
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.
