Stay updated on the latest financial news for Tuesday, August 13. While major currency pairs remain stable, Gold shows bullish momentum, reaching above $2,470. Investors are eagerly waiting for the US Producer Price Index (PPI) data and Germany’s ZEW Institute’s August Economic Sentiment report.
US Dollar PRICE Last 7 days
The table below displays the percentage change of the US Dollar (USD) against major currencies in the last 7 days. Notably, the USD strengthened against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.21% | -0.19% | 2.56% | -0.68% | -1.55% | -1.56% | 1.81% |
Find out how the US Dollar performed against other major currencies in the last week.
The US Dollar Index (DXY) showed minimal movement on Monday, with investors maintaining cautious positions. Wall Street closed near previous levels, and the 10-year US Treasury bond yield experienced a slight decline. The DXY remains stable above 103.00 on Tuesday morning, while US stock index futures indicate a slight increase. In other news, Israel Defense Forces are on alert for a potential attack by Iran.
The UK’s Office for National Statistics reported a decrease in the ILO Unemployment Rate to 4.2% from 4.4% in the three months leading to June. This positive data, along with wage inflation figures exceeding expectations, boosted the GBP/USD pair above 1.2800. The ONS will release July inflation data on Wednesday.
EUR/USD saw modest gains on Monday, ending a four-day losing streak. The pair is trading below 1.0950 on Tuesday.
Crude oil prices surged on Monday due to Middle East tensions and reports of Saudi Aramco considering a reduction in oil output from September. WTI reached over $80, its highest level since mid-July, and is currently trading around $79.50.
Gold prices benefited from lower US Treasury bond yields, rising over 1.5% on Monday. After reaching $2,480 on Tuesday, XAU/USD corrected slightly to trade near $2,460.
USD/JPY recorded minor gains on Monday and continued to climb towards 148.00 on Tuesday.
Gold FAQs
Learn more about Gold as a safe-haven asset and its significance in the financial market.
Now, let’s break it down in simple terms:
What’s happening: Gold prices are rising above $2,470 as investors anticipate key economic data.
What it means for you: The performance of major currencies against the US Dollar can impact your investments and international transactions.
Key takeaway: Stay informed about currency movements and economic indicators to make informed financial decisions.