This is what you need to know to trade today monday august 21:
Markets have started the new week quietly, with the major currency pairs trading close to Friday’s closing levels. He bundesbank will publish its monthly report, and the US economic agenda will publish the Federal Reserve Bank of Chicago July National Activity Index. High-profile data releases and speeches by central bankers at the annual Jackson Hole Symposium are likely to add to volatility in the second half of the week.
The central bank of China, The People’s Bank of China (PBoC) announced during the Asian session that it was lowering the prime rate on one-year loans to 3.45% from the previous 3.55%, while keeping the prime rate on five-year loans unchanged at 4.20%. Markets expected both rates to fall by 15 basis points. Hong Kong’s Hang Seng Index was down almost 2% on the day after the interest rate decisions and the Shanghai Composite Index lost 1%. In a statement released over the weekend, the PBoC said that “China to coordinate financial support to solve local government debt problems“, according to Reuters.
The DXY Dollar Index posted gains for the fifth week in a row last week. As of early Monday, the DXY Index is stable around 103.50. Meanwhile, the 10-year US Treasury yield is holding near 4.3% and US stock index futures are trading unchanged on the day.
Price of the dollar in the last 7 days
The following table shows the percentage change of the US dollar (USD) against the main quoted currencies in the last 7 days. The US dollar was the strongest currency against the Australian dollar.
| USD | USD | GBP | CAD | AUD | JPY | USD | CHF | |
| USD | 0.62% | -0.26% | 0.78% | 1.46% | 0.47% | 1.19% | 0.57% | |
| USD | -0.63% | -0.89% | 0.15% | 0.84% | -0.17% | 0.55% | -0.05% | |
| GBP | 0.26% | 0.88% | 1.04% | 1.72% | 0.72% | 1.42% | 0.83% | |
| CAD | -0.78% | -0.16% | -1.05% | 0.69% | -0.31% | 0.36% | -0.21% | |
| AUD | -1.48% | -0.85% | -1.75% | -0.70% | -1.01% | -0.33% | -0.90% | |
| JPY | -0.47% | 0.14% | -0.76% | 0.31% | 0.96% | 0.66% | 0.07% | |
| USD | -1.18% | -0.55% | -1.44% | -0.42% | 0.30% | -0.72% | -0.60% | |
| CHF | -0.57% | 0.06% | -0.82% | 0.23% | 0.92% | -0.08% | 0.59% |
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 AUD/USD trades sideways near 0.6400 and the NZD/USD consolidates the previous week’s losses near 0.5900 in the European morning.
He EUR/USD posted small losses on Friday and posted its first weekly close below 1.0900 since early July. The pair is trading in a tight range above 1.0850 to start the new week.
Despite the overall strength of the US dollar, the pair GBP/USD closed the previous week in positive territory, as the British pound benefited from labor market data and inflation. The pair remains relatively quiet and trades below 1.2750 in the early hours of the European session on Monday.
The pair USD/JPY fell sharply in the second half of last week, but found support near 145.00 on Friday. The pair is now trading slightly higher, near 145.50.
Pressured by rising yields in the US, the price of Gold closed below $1,900 for the first time in five months. XAU/USD is trading in a tight range around $1,890 on Monday.
the fall of Bitcoin It stalled out over the weekend, but BTC/USD lost more than 10% on a weekly basis before entering a consolidation phase near $26,000. After a modest recovery of two days, the ethereum has come under further bearish pressure and is down nearly 1% on the day 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.
