- USD regains positive adhesion after a miniature Friday slowdown and jumps to more than a monthly level.
- The optimism of the US-China trade agreement soothes the fears of recession and increases USD among the Fed Hastrzębie.
- Benchmark 10-year profitability of the US treasury will affect almost one month and additionally benefits gold.
The American dollar index (DXY), which follows Greenback against the currency basket, catches aggressive offers at the beginning of the fresh week and rallies to the over a month peak, around the region 101,35-101.40 during the early European session. The last leg of the sudden spine during the last hour took place after a very anticipated joint statement of USA-China in the first round of commercial talks, which took place at the weekend in Geneva, Switzerland.
The United States will modify the utilize of the obligation in China for the initial 90 days, and now only 10% of the basic rate has been used. China will also suspend tariffs on the USA, which means the end of the Tit-for Tat trading war between the two largest hosts in the world. Positive development helps to alleviate the market concerns about the US recession, which, together with the Pausa Hawkish Federal Reserve (FED), provides a mighty escalate in the US dollar (USD).
Last week, the American Central Bank signaled that it was not inclined to lower interest rates in the near future among the growing expectations of inflation on the American tariff in the near future. Perspectives are still increasing that the US tax bond is higher, with the 10-year profitability reaching the highest level from April 14 and provides additional acceleration of Greenback. Meanwhile, the safe-haven Buck seems rather intact by the fresh wave of global risk trading.
Since investors digest positive trade events, market focus is now passing to the issue of the latest US-WSKACTIVE inflation data (CPI) and the manufacturer’s price index (PPI), respectively on Wednesday and Thursday. In addition, Fed’s performances, Jerome Powell on Thursday, will look for more tips on the future path of cut rate. This, in turn, will affect the dynamics of USD prices and will provide a fresh index code.
The price of the American dollar today
The table below shows a percentage change in the US dollar (USD) compared to the main critical currencies. The American dollar was the strongest in relation to the Swiss franc.
| USD | EUR | GBP | JPy | BOOR | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 1.23% | 1.01% | 1.11% | 0.50% | 0.10% | 0.69% | 1.28% | |
| EUR | -1.23% | -0.10% | 0.43% | -0.22% | -0.49% | -0.06% | 0.53% | |
| GBP | -1.01% | 0.10% | 0.68% | -0.13% | -0.39% | -0.04% | 0.63% | |
| JPy | -1.11% | -0.43% | -0.68% | -0.61% | -1.61% | -1.27% | -0.05% | |
| BOOR | -0.50% | 0.22% | 0.13% | 0.61% | -0.13% | 0.17% | 0.77% | |
| Aud | -0.10% | 0.49% | 0.39% | 1.61% | 0.13% | 0.35% | 0.96% | |
| NZD | -0.69% | 0.06% | 0.04% | 1.27% | -0.17% | -0.35% | 0.56% | |
| CHF | -1.28% | -0.53% | -0.63% | 0.05% | -0.77% | -0.96% | -0.56% |
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).
