This is what you need to know on Monday, February 10:
The US dollar remains firm in front of its main rivals on Monday, while the markets evaluate the last holders on the tariff policy of the US president, Donald Trump. The economic calendar will not include any high -impact data publication. Later in the day, the president of the European Central Bank (ECB), Christine Lagarde, will present the annual report in the European Parliament.
American dollar today
The lower table shows the percentage of US dollar change (USD) compared to the main coins today. American dollar was the strongest currency against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.06% | -0.12% | 0.38% | 0.31% | -0.08% | -0.01% | 0.17% | |
| EUR | -0.06% | -0.11% | 0.45% | 0.36% | -0.14% | 0.01% | 0.19% | |
| GBP | 0.12% | 0.11% | 0.40% | 0.44% | -0.03% | 0.12% | 0.30% | |
| JPY | -0.38% | -0.45% | -0.40% | -0.11% | -0.39% | -0.39% | -0.21% | |
| CAD | -0.31% | -0.36% | -0.44% | 0.11% | -0.36% | -0.34% | -0.18% | |
| Aud | 0.08% | 0.14% | 0.03% | 0.39% | 0.36% | 0.15% | 0.33% | |
| NZD | 0.00% | -0.01% | -0.12% | 0.39% | 0.34% | -0.15% | 0.17% | |
| CHF | -0.17% | -0.19% | -0.30% | 0.21% | 0.18% | -0.33% | -0.17% |
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).
After mixed labor data, the USD index He closed slightly on Friday. Non -agricultural payroll (NFP) in the US increased by 143,000 in January, not reaching the market expectation of an increase of 170,000. In a positive note, the November increase of 256,000 was checked to 307,000 and the unemployment rate fell to 4.1% from 4% in December.
Meanwhile, President Trump said Friday that he will announce “reciprocal tariffs” to many countries this Tuesday or Wednesday. During the weekend, Trump also said that he plans to impose 25% tariffs on all imports of steel and aluminum in the US The day, slightly above 108.20. The main Wall Street indices suffered great losses on Friday. In the first hour on Monday, the futures of the US stock market rates rise between 0.1% and 0.4%. The president of the Federal Reserve (FED), Jerome Powell, will testify to the Senate Banking Committee on Tuesday and before the Financial Services Committee of the House of Representatives on Wednesday.
Despite losing more than 0.5% on Friday, the EUR/USD It ended last week in positive territory. The pair remains stable above 1,0300 in the European morning.
He AUD/USD The week began under bearish pressure after Trump’s announcement to impose new 25% tariffs on all imports of steel and aluminum in the US and fell below 0.6250. In response, Australian Minister of Commerce, Don Farrell, said on Monday that Australian steel and aluminum are creating “thousands of well -paid jobs in the United States”, adding that they are key to our shared defense interests. The pair recovers its traction at the beginning of the European session and is quoted flat on the day above 0.6270.
He GBP/USD He registered losses on Thursday and Friday, but managed to publish weekly profits. The pair remains firm early on Monday and fluctuates above 1,2400.
He USD/JPY He fell sharply and lost more than 2% last week. The pair stages a rebound around 152.00 on Monday. During a press conference with Japanese Prime Minister Shigeru Ihiba on Friday, Trump said he intends to “resolve” the US trade deficit with Japan, which is currently at around 65,000 million dollars per year.
He Gold It preserves its bullish impulse to start the new week, after having won more than 2% last week. The Xau/USD was last quoting in a new historical maximum about 2,890 $.
FAQS GOLD
Gold has played a fundamental role in the history of mankind, since it has been widely used as a deposit of value and a half of exchange. At present, apart from its brightness and use for jewelry, precious metal is considered an active refuge, which means that it is considered a good investment in turbulent times. Gold is also considered a coverage against inflation and depreciation of currencies, since it does not depend on any specific issuer or government.
Central banks are the greatest gold holders. In their objective of supporting their currencies in turbulent times, central banks tend to diversify their reserves and buy gold to improve the perception of strength of the economy and currency. High gold reserves can be a source of trust for the solvency of a country. Central banks added 1,136 tons of gold worth 70,000 million to their reservations in 2022, according to data from the World Gold Council. It is the largest annual purchase since there are records. The central banks of emerging economies such as China, India and Türkiye are rapidly increasing their gold reserves.
Gold has a reverse correlation with the US dollar and US Treasury bonds, which are the main reserve and shelter assets. When the dollar depreciates, the price of gold tends to rise, which allows investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rebound in the stock market tends to weaken the price of gold, while mass sales in higher risk markets tend to favor precious metal.
The price of gold can move due to a wide range of factors. Geopolitical instability or fear of a deep recession can cause the price of gold to rise rapidly due to its condition of active refuge. As an asset without yield, the price of gold tends to rise when interest rates lower, while the money increases to the yellow metal. Even so, most movements depend on how the US dollar (USD) behaves, since the asset is quoted in dollars (Xau/USD). A strong dollar tends to keep the price of gold controlled, while a weakest dollar probably thrusts gold prices.
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.
