Unlocking the Secrets of the Financial Markets: USD Index Plummets for Fourth Day Straight – What You Need to Know
As the US Dollar Index continues its downward spiral, market participants eagerly await key economic data releases today. Stay tuned for insights into the preliminary August HCOB Manufacturing and Services PMI data from Germany and the Euro area, as well as the S&P Global/CIPS PMI figures. Meanwhile, in the US, attention will be on weekly Initial Jobless Claims, Existing Home Sales, and S&P Global PMI data.
US Dollar PRICE This week
The latest data shows that the US Dollar was weakest against the New Zealand Dollar this week. Check out the table below for detailed percentage changes against other major currencies.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -1.12% | -1.13% | -1.56% | -0.74% | -1.07% | -1.84% | -1.68% | |
| EUR | 1.12% | -0.09% | -0.39% | 0.40% | -0.04% | -0.90% | -0.60% | |
| GBP | 1.13% | 0.09% | -0.46% | 0.45% | 0.05% | -0.74% | -0.51% | |
| JPY | 1.56% | 0.39% | 0.46% | 0.75% | 0.47% | -0.17% | -0.26% | |
| CAD | 0.74% | -0.40% | -0.45% | -0.75% | -0.35% | -1.03% | -0.98% | |
| AUD | 1.07% | 0.04% | -0.05% | -0.47% | 0.35% | -0.71% | -0.56% | |
| NZD | 1.84% | 0.90% | 0.74% | 0.17% | 1.03% | 0.71% | 0.18% | |
| CHF | 1.68% | 0.60% | 0.51% | 0.26% | 0.98% | 0.56% | -0.18% |
Stay informed with the latest economic news: the US Bureau of Labor Statistics revised downward the total Nonfarm employment for March 2024, while the Fed minutes hinted at a potential policy easing. The USD Index hovers around 101.20, down more than 1% this week. US stock index futures and the 10-year US Treasury bond yield remain subdued.
Australia’s Judo Bank Composite PMI improved in August, but AUD/USD remains range-bound. Meanwhile, major currency pairs like EUR/USD, GBP/USD, and USD/JPY show mixed movements. Gold, after a correction, stabilizes above $2,500.
Economic Indicator: S&P Global Composite PMI
Don’t miss the upcoming release of the S&P Global Composite PMI, a crucial indicator of US private-business activity. Learn how this data can impact the financial markets and stay ahead of changing trends.
Get ready for a day filled with market-moving events and stay tuned for more updates on the financial landscape. Make informed decisions to secure your financial future!