The US dollar fell while the commercial conversations between the US and China in London began on Monday, in the midst of an improvement in the appetite for the risk and the first reports that the conversations are going well, according to US President Donald Trump. The US actions are negotiated in a mixed manner, the yields of the US Treasury bonds go down, while the operators prepare for the publication of the United Kingdom’s employment data, the ECB monetary analysis survey and the ECB speakers.
This is what you have to observe on Tuesday, June 10:
The US dollar index (DXY) retreated after registering solid profits last Friday, but has fallen below the level of 99.00, ready to close the day with a 0.28%drop. The non -agricultural payroll figures last week were solid despite the ongoing deceleration. Even so, the data, together with the last GDP Now of the Atlanta Fed, suggest that a rebound is expected in the second quarter of 2025, after the contraction in the first quarter. As for data, Tuesday’s agenda will include the US NFIB optimism index in the absence of Fed speakers due to the period of silence prior to the June 17-18 meeting.
The EUR/USD rose above 1,1420 after the comments of the ECB speakers that became more aggressive, particularly Peter Kazimir, who commented that the Central Bank is close, if not in, the end of its flexibility cycle. This, and Schnabel’s comment from the ECB that the Central Bank could not decoupling the Fed, provided a favorable wind for the shared currency. The agenda will include the ECB monetary analysis survey, ECB speakers and the Sentix index.
The GBP/USD continues to rise, recovering 1,3500 while the general weakness of the US dollar persists amid a scarce economic calendar. Market operators are focused on the publication of the April employment change, the ILO unemployment rate, Tuesday. On Wednesday, operators will be attentive to the publication of the British government spending plans.
The USD/JPY records modest losses after the Japanese yen showed by showing the figures of the Gross Domestic Product (GDP) an improvement, despite remaining in contraction territory, with -0.2% year -on -year, from the fall of -0.7% of the previous printing. However, Japanese Prime Minister Ishimba said the economy faces a higher price phase, suggesting that the tightening cycle of the Bank of Japan could continue to support the YEN.
Both antipodes, the AUD/USD and the NZD/USD, advanced to new two days. The Australian dollar rose 0.41% to 0.6515, with market operators attentive to the publication of consumer feeling and business confidence. The Kiwi won 0.61% to 0.6046 due to the weakness of the US dollar, in general, along with an improvement in manufacturing sales.
The gold prices rose while the bulls bought in the fall below $ 3,300, while the yields of the US Treasury bonds and the US dollar fell. However, a positive result of the conversations between the US and China could send to the Xau/USD to an abrupt fall as the flows are directed towards higher risk assets.
US dollar price this week
The lower table shows the percentage of the US dollar change (USD) compared to the main currencies this week. US dollar was the strongest currency against the Canadian dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.21% | -0.18% | -0.17% | 0.02% | -0.31% | -0.52% | -0.02% | |
| EUR | 0.21% | 0.02% | 0.03% | 0.22% | -0.08% | -0.32% | 0.18% | |
| GBP | 0.18% | -0.02% | 0.08% | 0.20% | -0.09% | -0.34% | 0.16% | |
| JPY | 0.17% | -0.03% | -0.08% | 0.20% | -0.19% | -0.39% | 0.03% | |
| CAD | -0.02% | -0.22% | -0.20% | -0.20% | -0.35% | -0.54% | -0.04% | |
| Aud | 0.31% | 0.08% | 0.09% | 0.19% | 0.35% | -0.24% | 0.26% | |
| NZD | 0.52% | 0.32% | 0.34% | 0.39% | 0.54% | 0.24% | 0.50% | |
| CHF | 0.02% | -0.18% | -0.16% | -0.03% | 0.04% | -0.26% | -0.50% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the US dollar of the left column and move along the horizontal line to the Japanese yen, the percentage change shown in the box will represent the USD (base)/JPY (quotation).
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.
