Here’s what you need to know on Tuesday, August 13:
While major currency pairs spent the first day of the week hovering in tight ranges, gold gained bullish momentum and rose above $2,470. Trading action is muted Tuesday morning as investors await July producer price index (PPI) data from the U.S. During the European session, the German ZEW institute will release August economic sentiment data for Germany and the eurozone.
US Dollar PRICE Last 7 days
The table below shows the percentage change in the US dollar (USD) against major currencies traded on the stock exchange over the last 7 days. The US dollar was the strongest against the Japanese yen.
| USD | EUR | GBP | JPY | BOOR | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.21% | -0.19% | 2.56% | -0.68% | -1.55% | -1.56% | 1.81% | |
| EUR | -0.21% | -0.38% | 2.34% | -0.90% | -1.78% | -1.84% | 1.61% | |
| GBP | 0.19% | 0.38% | 2.74% | -0.50% | -1.39% | -1.45% | 1.94% | |
| JPY | -2.56% | -2.34% | -2.74% | -3.18% | -4.00% | -4.08% | -0.61% | |
| BOOR | 0.68% | 0.90% | 0.50% | 3.18% | -0.88% | -0.94% | 2.46% | |
| AUD | 1.55% | 1.78% | 1.39% | 4.00% | 0.88% | -0.05% | 3.39% | |
| NZD | 1.56% | 1.84% | 1.45% | 4.08% | 0.94% | 0.05% | 3.49% | |
| CHF | -1.81% | -1.61% | -1.94% | 0.61% | -2.46% | -3.39% | -3.49% |
The heat map shows the percentage changes of the major currencies relative to each other. The base currency is selected from the left column, while the quote currency is selected from the top row. For example, if you select the US dollar from the left column and move along the horizontal line to the Japanese yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
This US Dollar The DXY (DXY) closed virtually unchanged on Monday as investors refrained from taking huge positions. Wall Street’s major indexes ended the day near the previous week’s closing levels, and the yield on the 10-year U.S. Treasury bond continued its downward correction, losing almost 1% on the day. The DXY was holding slightly above 103.00 in European morning trading Tuesday, while U.S. stock index futures were slightly higher. The Times of Israel reported that the IDF expects an Iranian attack by Thursday.
Britain’s Office for National Statistics (ONS) said on Tuesday that the ILO unemployment rate fell to 4.2% in the three months to June from 4.4%. That reading was lower than market expectations of 4.5%. Other details of the U.K. jobs report showed that wage inflation, measured by the change in average earnings excluding bonuses, fell to 5.4% from 5.7% in the same period, well above analysts’ estimates of 4.6%. GBP/USD gained traction following the data and was last trading in positive territory, just above 1.2800. The ONS will release July inflation data at the start of the European session on Wednesday.
EUR/USD registered modest gains on Monday and snapped a four-day losing streak. The pair remains relatively tranquil below 1.0950 in European morning trading on Tuesday.
Petroleum prices rose sharply Monday, fueled by the ongoing conflict in the Middle East and reports suggesting Saudi Aramco is looking to cut oil production starting in September. A barrel of West Texas Intermediate (WTI) rose more than 3% Monday to its highest level since mid-July above $80. Early Tuesday, WTI was trading in a tight range around $79.50.
Gold benefited from falling U.S. Treasury yields and gained more than 1.5% on Monday. After rising to $2,480 during Asian trading hours on Tuesday, XAU/USD executed a technical correction and was last trading near $2,460.
USD/JPY On Monday, the index recorded slight increases, and on Tuesday in the Asian session it continued to rise, approaching the 148.00 level.
