- Dollar withdraws from the maximum as positive corporate earnings enhance the appetite of investors at risk
- The wider trend of the American dollar remains positive, and DXY on the right path to closing the second week in a row in Green.
- The dollar reached a fresh three -week maxima on Thursday, after powerful retail sales in the USA and lower data on unemployment claims.
The American dollar trades on Friday with a moderate negative tone. The risk mood caused by positive American corporate earnings noticeable on Thursday expanded to the Friday European session, increasing the demand for shares and attracting us and lower USD.
The American dollar index (DXY), which measures the value of USD in relation to the most frequently rotary currencies, currently tests levels below 98.00 at the time of writing, compared to a three -week maximum of 98.50 achieved on Friday.
However, a wider trend remains positive, and DXY moves by 0.55% above the week’s opening and on the track to end your second weekly profit.
Strong corporate earnings increased the risk of risk
On Thursday, corporate profits in the US increased the risk of risk. Netflix results have overcome expectations, TSMC, the main producer of AI chip, showed the best quarterly results in records, and reports of other companies, such as Pepsico and United Airlines, have contributed to raising moods to the market.
In addition, the Fed governor, Christopher Waller, repeated his call to lower interest rates during the delayed US trading session and increased pressure on the US dollar.
A little earlier, DXY achieved fresh three -week high sales levels in the US in June and weekly data on unemployed claims confirmed that consumption and employment remain resistant, providing protection of Fed Powell to keep interest rates for some time.
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 to Japanese yen.
| USD | EUR | GBP | JPy | BOOR | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.38% | -0.19% | 0.00% | -0.19% | -0.49% | -0.46% | -0.41% | |
| EUR | 0.38% | 0.21% | 0.40% | 0.19% | -0.11% | -0.19% | -0.02% | |
| GBP | 0.19% | -0.21% | 0.18% | 0.00% | -0.30% | -0.33% | -0.21% | |
| JPy | 0.00% | -0.40% | -0.18% | -0.19% | -0.49% | -0.57% | -0.31% | |
| BOOR | 0.19% | -0.19% | -0.00% | 0.19% | -0.31% | -0.35% | -0.22% | |
| Aud | 0.49% | 0.11% | 0.30% | 0.49% | 0.31% | -0.05% | 0.08% | |
| NZD | 0.46% | 0.19% | 0.33% | 0.57% | 0.35% | 0.05% | 0.13% | |
| CHF | 0.41% | 0.02% | 0.21% | 0.31% | 0.22% | -0.08% | -0.13% |
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).
