This is what you need to know to trade today Thursday August 24:
Risk flows continue to drive action in financial markets early Thursday and the DXY Dollar Index consolidates Wednesday’s losses near 103.50. July Durable Goods Orders and Weekly Initial Jobless Claims Data from the US will serve as a stimulus for the American session. He Jackson Hole Annual Symposium it will also be launched at the end of the day. Although there are no speeches scheduled at Thursday’s event, central bank officials could give interviews on the sidelines.
Disappointing PMI releases for the EU, UK and US caused a decline in bond yields on Wednesday. The 10-year US Treasury yield fell 3% and weighed on the dollar. Meanwhile, Wall Street’s main indices rallied after the opening bell on Wednesday, led by strong gains in technology stocks. At time of writing, Nasdaq futures are up more than 1%, suggesting that the rally in tech stocks is likely to continue.
Dollar price today
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 | -0.07% | -0.01% | -0.06% | 0.06% | 0.28% | 0.13% | -0.14% | |
| USD | 0.03% | 0.03% | -0.02% | 0.10% | 0.32% | 0.20% | -0.10% | |
| GBP | 0.01% | -0.06% | -0.04% | 0.05% | 0.29% | 0.19% | -0.15% | |
| CAD | 0.04% | 0.01% | 0.04% | 0.14% | 0.32% | 0.22% | -0.08% | |
| AUD | -0.05% | -0.10% | -0.05% | -0.10% | 0.24% | 0.13% | -0.16% | |
| JPY | -0.27% | -0.33% | -0.30% | -0.33% | -0.20% | -0.12% | -0.43% | |
| USD | -0.16% | -0.21% | -0.17% | -0.24% | -0.10% | 0.14% | -0.31% | |
| CHF | 0.13% | 0.05% | 0.12% | 0.06% | 0.20% | 0.41% | 0.30% |
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 fell to its lowest level in more than two months, near 1.0800, during the European session on Wednesday, but managed a bounce later amid renewed dollar weakness. The pair is holding slightly above 1.0850 early Thursday.
He GBP/USD came under strong bearish pressure after disappointing PMI data and fell towards 1.2600 on Wednesday. Like EUR/USD, the pair erased its losses later in the day. In the European morning, GBP/USD is trading in a tight range above 1.2700.
After the strong fall on Wednesday, the USD/JPY gained recovery momentum and rose above 145.00 early Thursday.
The price of Gold It benefited from declining global yields and posted its biggest one-day rise in a month on Wednesday. XAU/USD is holding firm early Monday and trading in positive territory near $1,920.
He Bitcoin it gained more than 1% on Wednesday, supported by risk flows. BTC/USD, however, is finding it difficult to extend its recovery and is trading near $26,500 in the European session. He ethereum It was up nearly 3% on Wednesday but lost traction before testing $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.
