The U.S. dollar (USD) remained relatively stable this week as market participants reacted to President Trump’s appointment of former Federal Reserve Board member Kevin Warsh as the next Fed chairman. The partial U.S. government shutdown, which delayed some employment and inflation reports, was resolved on Wednesday with the president’s approval of a funding bill.
The U.S. Dollar Index (DXY) was trading around 97.60, having reached a two-week high earlier on Friday. Upcoming data will include the four-week average change in ADP employment on Tuesday, non-farm payroll figures on Wednesday, and new unemployment claims on Thursday.
USD price today
Today’s data reflects the percentage changes of the U.S. dollar against major currencies. Currently, the dollar is notably strong against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.33% | -0.55% | 0.05% | -0.27% | -1.03% | -0.92% | -0.36% | |
| EUR | 0.33% | -0.23% | 0.39% | 0.06% | -0.70% | -0.59% | -0.04% | |
| GBP | 0.55% | 0.23% | 0.62% | 0.29% | -0.48% | -0.37% | 0.19% | |
| JPY | -0.05% | -0.39% | -0.62% | -0.31% | -1.08% | -0.97% | -0.41% | |
| CAD | 0.27% | -0.06% | -0.29% | 0.31% | -0.77% | -0.66% | -0.10% | |
| AUD | 1.03% | 0.70% | 0.48% | 1.08% | 0.77% | 0.11% | 0.67% | |
| NZD | 0.92% | 0.59% | 0.37% | 0.97% | 0.66% | -0.11% | 0.56% | |
| CHF | 0.36% | 0.04% | -0.19% | 0.41% | 0.10% | -0.67% | -0.56% |
This information highlights how the U.S. dollar has fluctuated against its major counterparts. A green percentage indicates strength, while red indicates a drop.
The EUR/USD pair is trading around 1.1820, showing an increase of more than 0.30% following the European Central Bank’s recent monetary policy announcement. Next week, the February Centix Investor Confidence Index will be available on Monday, with payroll changes in the euro area set for release on Friday.
GBP/USD is around 1.3610, seeing a slight recovery from earlier losses attributed to the Bank of England’s cautious stance on interest rates. On Monday, data on BRC real retail sales will come out, with industrial and manufacturing production updates due on Thursday.
USD/JPY is trading near 157.10, close to a two-week high, as Japan prepares for its general election on Sunday, coinciding with the release of cash income and current account figures.
USD/CAD is around 1.3650, retracting some of its recent gains, with no major Canadian data expected next week.
Gold is priced near $4,960, struggling to gain traction due to geopolitical uncertainties now that the government shutdown has ended.
Predicting the economic outlook: Voices of the future
Upcoming Events:
Sunday 8:
Monday 9:
- ECB lane.
- Mr. Nagel of the ECB.
- ECB President Lagarde.
Tuesday 10:
- Fed Hammack.
- Mr. Logan of the Fed.
Wednesday 11:
- ECB Cipollone.
- Mr. Bowman of the Federal Reserve.
- Schnabel of the ECB.
- Fed Hammack.
Thursday 12:
- ECB Cipollone.
- ECB lane.
- Mr. Nagel of the ECB.
Friday 13:
- Mr. Logan of the Fed.
- Mr. Milan of the Fed.
- Mr. Deguindos of the ECB.
- BOE pill.
Saturday 14:
- ECB President Lagarde.
Central bank meetings and upcoming data releases
Tuesday 10:
- US December retail sales.
Wednesday 11:
- Consumer Price Index (CPI) for January in China.
- U.S. non-farm payrolls in January.
Thursday 12:
- UK gross domestic product (GDP) (Q4) released.
Friday 13:
- RBNZ Inflation Expectations (Q1).
- Swiss January CPI.
- Eurozone preliminary GDP (4th quarter).
- US January CPI.
