Here’s what you need to know on Tuesday, February 11:
. American dollar (USD) On Monday, it stays on the ground on Tuesday after publishing petite profits against the main rivals, because the markets become cautious. The economic calendar will not offer any testimonies of high impact data, but the testimonies of the chairman of the Federal Reserve (FED) Jerome Powell before Congress could augment market variability. Later, in the American session, several other decision -makers of the Fed are also to give speeches.
The price of an American dollar this week
The table below shows a percentage change in the US dollar (USD) compared to the main currencies this week. The American dollar was the strongest to Japanese yen.
| USD | EUR | GBP | JPy | BOOR | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.22% | 0.36% | 0.43% | 0.33% | -0.05% | 0.26% | 0.26% | |
| EUR | -0.22% | 0.20% | 0.33% | 0.22% | -0.28% | 0.12% | 0.12% | |
| GBP | -0.36% | -0.20% | -0.04% | -0.02% | -0.48% | -0.08% | -0.10% | |
| JPy | -0.43% | -0.33% | 0.04% | -0.13% | -0.40% | -0.17% | -0.16% | |
| BOOR | -0.33% | -0.22% | 0.02% | 0.13% | -0.35% | -0.10% | -0.12% | |
| Aud | 0.05% | 0.28% | 0.48% | 0.40% | 0.35% | 0.40% | 0.37% | |
| NZD | -0.26% | -0.12% | 0.08% | 0.17% | 0.10% | -0.40% | -0.02% | |
| CHF | -0.26% | -0.12% | 0.10% | 0.16% | 0.12% | -0.37% | 0.02% |
The heat map shows percentage changes in the main currencies towards each other. The basic currency is collected from the left, and the quote currency is collected from the upper order. For example, if you choose an American dollar on the left column and move along the horizontal line to Japanese Jen, the percentage shift displayed in the field will represent USD (base)/JPy (quote).
US President Donald Trump signed an order to apply a wide 25% tariff on all imports of steel and aluminum to the USA. Trump also noticed that his administration would look at car tariffs, microchips and pharmaceuticals. Although the White House said that there would be no exemptions regarding tariffs, Australia Prime Minister Anthony Albanese announced that Trump agreed to consider Australia release over steel and aluminum tariffs.
The USD index remains convenient above 108.00 after closing modestly on Monday. Meanwhile, the Futures of stock market indicators in the USA recently lost from 0.2% to 0.35%. Powell will give a prepared statement and answer questions in his testimonies regarding the six -month monetary policy report before the banking senate commission, residential and urban case, starting from 15:00 GMT.
EUR/USD Closed the first sales day of the week slightly lower. The couple remains relatively still and trads in a tight channel about 1.0300 in European morning on Tuesday.
GBP/USD Losses were published on the third in a row, commercial day on Monday. The couple tries to regain adhesion and trade in negative territory at around 1.2350.
USD/JPY Improved higher on Monday after a pointed decline from the previous week before stabilizing nearly 152.00 on Tuesday.
Gold He extended his upward trend and on Monday gained over 1.5%. XAU/USD has retained a stubborn shoot at Asian trade hours and has established a recent highest all time above USD 2940. The pair withdraws in the morning, but stays convenient above $ 2900.
