The US Dollar Index (DXY) lost ground on the week, falling 0.27% to trade near the 99.80 level as investors braced for a tough central bank calendar next week.
Today’s US dollar price
The table below shows the current percentage change of the United States Dollar (USD) against the major listed currencies. The US dollar was strongest against the Swiss franc.
| USD | EUR | GBP | JPY | BOOR | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.07% | 0.07% | 0.14% | 0.11% | 0.00% | 0.07% | 0.26% | |
| EUR | -0.07% | -0.01% | 0.09% | 0.05% | -0.07% | -0.01% | 0.18% | |
| GBP | -0.07% | 0.00% | 0.11% | 0.05% | -0.09% | 0.00% | 0.17% | |
| JPY | -0.14% | -0.09% | -0.11% | -0.06% | -0.17% | -0.10% | 0.06% | |
| BOOR | -0.11% | -0.05% | -0.05% | 0.06% | -0.11% | -0.05% | 0.13% | |
| AUD | -0.00% | 0.07% | 0.09% | 0.17% | 0.11% | 0.06% | 0.21% | |
| NZD | -0.07% | 0.01% | -0.00% | 0.10% | 0.05% | -0.06% | 0.17% | |
| CHF | -0.26% | -0.18% | -0.17% | -0.06% | -0.13% | -0.21% | -0.17% |
The heat map shows the percentage changes of the major currencies relative to each other. The base currency is selected from the left column and the quote currency 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).
The EUR/USD rate remained under pressure but ended the week up 0.4% near 1.1570. Next week in the euro zone, investors will monitor data on industrial production, final HICP inflation and the Producer Price Index (PPI) for up-to-date clues on economic growth and price pressures. Germany will be in the spotlight thanks to the ZEW survey, which will compile readings on current economic conditions and sentiment.
GBP/USD gained on the week, up 0.49% near the 1.3400 level. The pair’s exchange rate next week will be influenced by the UK’s busy calendar and the Bank of England’s (BoE) decision on interest rates. The central bank is expected to leave interest rates unchanged, but the division of votes will be crucial for the pound.
UK CPI and PPI, wage growth, employment data, unemployment numbers, consumer sentiment and retail sales will also be published, giving markets a broader picture of inflation, labor market conditions and consumer demand.
The USD/JPY pair ended the week near the 160.20 level, keeping the intervention risk ahead of the Bank of Japan (BoJ) decision in focus. The BoJ is expected to deliver a key policy update, while investors will also monitor the press conference, Japanese trade data, the domestic CPI and the minutes of the BoJ’s monetary policy meetings for signals on next policy steps.
AUD/USD quotations were neutral this week, closing near the 0.7050 level on Friday. The pair’s traders will then focus on the Royal Bank of Australia’s (RBA) interest rate decision, policy statement and press conference. The RBA is expected to leave interest rates unchanged, but its language on inflation and future policy could impact the Australian dollar.
West Texas Intermediate (WTI) crude is trading near $84.30 a barrel after US President Donald Trump’s decision on Thursday not to bomb Iran led to a sell-off on Friday. Looking ahead, oil prices may remain sensitive to up-to-date reports on a potential deal with Iran, shipping activity across the Strait and broader risk sentiment.
Gold held near $4,215, supported by safe-haven demand, as investors monitored tensions in the Middle East and prepared for next week’s Fed decision. The precious metal could remain volatile and a hawkish Fed tone could put pressure on Bullion, while geopolitical uncertainty could continue to limit the downside.
Anticipating the economic outlook: voices on the horizon
Monday, June 15:
- Nagel of the ECB
- President of the ECB Lagarde
- Cipollone from the ECB
Tuesday, June 16:
- RBA press conference
- BOJ press conference
- ECB belt
- Sleijpen owned by the ECB
Wednesday, June 17:
- Cipollone from the ECB
- Sleijpen owned by the ECB
- FOMC press conference
Thursday, June 18:
- Nagel of the ECB
- Elderson EBC
- Cipollone from the ECB
- ECB belt
Friday, June 19:
- ECB belt
- Cipollone from the ECB
- Elderson EBC
Frequently asked questions about WTI crude oil
WTI Oil is a type of crude oil sold on international markets. WTI stands for West Texas Intermediate, one of three main types, including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” due to its relatively low weight and low sulfur content. It is considered a high-quality oil that can be easily refined. It originates in the United States and is distributed through the Cushing Junction, considered the “Crossroads of the World.” It is a reference point for the crude oil market, and the WTI price is often quoted in the media.
Like all assets, supply and demand are key factors influencing the price of WTI crude oil. Therefore, global growth may drive increased demand and, conversely, delicate global growth. Political instability, wars and sanctions can disrupt supply and affect prices. Another key factor shaping prices are the decisions of OPEC, the group of major oil-producing countries. The value of the US dollar affects the price of WTI crude oil because oil is mainly sold in US dollars, so a weaker US dollar can make oil more affordable and vice versa.
Weekly crude oil inventory reports released by the American Petroleum Institute (API) and the Energy Information Administration (EIA) influence the price of WTI crude oil. Inventory changes reflect fluctuations in supply and demand. If the data shows a decline in inventories, it may indicate increased demand, which will result in an enhance in the price of oil. Higher inventories may reflect increased supply, which causes prices to fall. The API report is published every Tuesday and the EIA report the following day. Their results are usually similar and are within 1% of each other 75% of the time. EIA data is considered more reliable because it is a government agency.
OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 oil-producing countries that jointly decide on production quotas for member countries at meetings held twice a year. Their decisions often influence the prices of WTI crude oil. When OPEC decides to cut quotas, it can tighten supply, which will push up oil prices. OPEC increasing production has the opposite effect. OPEC+ refers to an expanded group that includes ten additional non-OPEC members, the most notable of which is Russia.
