This is what you need to know to operate today Wednesday June 4:
The action in the financial markets remains relatively calm early on Wednesday, since investors remain on the sidelines before key events. The US economic calendar will include employment data from the private sector and the ISM services PMI report for May. In addition, the Bank of Canada (BOC) will announce its monetary policy decision. Finally, the Federal Reserve will publish its book Beige later in the American session.
US dollar price this week
The lower table shows the percentage of the US dollar change (USD) compared to the main currencies this week. The US dollar was the strongest currency against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.36% | -0.47% | 0.13% | -0.15% | -0.45% | -0.68% | 0.02% | |
| EUR | 0.36% | -0.13% | 0.51% | 0.19% | -0.10% | -0.35% | 0.36% | |
| GBP | 0.47% | 0.13% | 0.64% | 0.32% | 0.03% | -0.22% | 0.50% | |
| JPY | -0.13% | -0.51% | -0.64% | -0.28% | -0.59% | -0.82% | -0.20% | |
| CAD | 0.15% | -0.19% | -0.32% | 0.28% | -0.30% | -0.54% | 0.17% | |
| Aud | 0.45% | 0.10% | -0.03% | 0.59% | 0.30% | -0.19% | 0.54% | |
| NZD | 0.68% | 0.35% | 0.22% | 0.82% | 0.54% | 0.19% | 0.72% | |
| CHF | -0.02% | -0.36% | -0.50% | 0.20% | -0.17% | -0.54% | -0.72% |
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).
The US data showed on Tuesday that the number of job offers increased to almost 7.4 million in April from 7.2 million in March. These optimistic data, combined with the positive market for the positive market, helped US Dollar (USD) to overcome their rivals. After rising more than 0.5% on Tuesday, the USD index remains in a consolidation phase slightly above 99.00 in the European session on Wednesday. Meanwhile, the futures of the US stock market rates operate little changed in the middle of the week. Earlier in the day, US president Donald Trump said in a publication in social networks that Chinese president, Xi Jinping, is very hard and “extremely difficult to negotiate.”
It is widely expected that the BOC maintains the policy rate without changes in 2.75% after the June meeting. After the decision on the interest rate is announced, the governor of the BOC, TIFF Macklem, will give your prepared statements and answer questions at a press conference that will begin at 14:30 GMT. He USD/CAD It remains calm before this event and fluctuates in a narrow channel above 1,3700.
Australia data showed early Wednesday that the Gross Domestic Product (GDP) expanded at an annual 1.3% rate in the first quarter. This figure was below the 1.5%market expectation. He AUD/USD It remains firm and listed above 0.6450 in the European morning.
He EUR/USD He lost about 0.6% on Tuesday and erased the profits on Monday. The torque corrects upwards to start the European session, but quotes slightly below 1,1400.
After registering small losses on Tuesday, the GBP/USD Fight to find direction early on Wednesday and moves up and down in a narrow range below 1,3550.
He USD/JPY Plane is traded on the day around 144.00 after registering strong profits on Tuesday.
After the decisive recovery of Monday, gold failed to preserve its bullish impulse and closed in negative territory on Tuesday. He Xau/usd It remains stable around $ 3,350 in the European session on Wednesday.
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.
