Here’s what you need to know on Tuesday, February 17th.
On Monday, most major currency pairs showed little change, as US stock and bond markets were shut for President’s Day. In the coming days, the economic landscape might get a bit more intense, with crucial reports on jobs and inflation in the UK, along with the US Personal Consumption Expenditure (PCE) price index.
On the geopolitical side, Iranian Foreign Minister Abbas Araghchi has arrived in Geneva for another round of significant nuclear discussions with the US. The goal is to lessen tensions and avoid any further military conflict, which Iran’s supreme leader, Ayatollah Ali Khamenei, has suggested could escalate into a broader regional issue.
The US dollar index (DXY) remained around the 97.10 mark, showing little change throughout the day, even with the US markets being closed.
USD price today
The following table indicates the percentage change of the US dollar (USD) versus major currencies today. The dollar appeared strongest against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | australian dollar | new zealand dollar | swiss franc | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.19% | 0.18% | 0.49% | 0.13% | 0.00% | 0.14% | 0.21% | |
| EUR | -0.19% | -0.00% | 0.33% | -0.06% | -0.18% | -0.04% | 0.03% | |
| GBP | -0.18% | 0.00% | 0.29% | -0.05% | -0.18% | -0.04% | 0.03% | |
| JPY | -0.49% | -0.33% | -0.29% | -0.36% | -0.48% | -0.34% | -0.28% | |
| CAD | -0.13% | 0.06% | 0.05% | 0.36% | -0.12% | 0.02% | 0.08% | |
| australian dollar | -0.01% | 0.18% | 0.18% | 0.48% | 0.12% | 0.13% | 0.20% | |
| new zealand dollar | -0.14% | 0.04% | 0.04% | 0.34% | -0.02% | -0.13% | 0.07% | |
| swiss franc | -0.21% | -0.03% | -0.03% | 0.28% | -0.08% | -0.20% | -0.07% |
The heat map displays percentage changes between major currencies, showing how the USD fare today against others.
EUR/USD is around the 1.1850 mark. The currency pairs dipped on Monday, with the US dollar gaining further momentum as investors processed the most recent US Consumer Price Index (CPI) data from Friday and prepared for key US index updates and FOMC meeting minutes due later this week.
USD/JPY is trading in the vicinity of 153.50, having seen significant gains earlier this week, following a strong performance of the yen after the election victory of Prime Minister Sanae Takaichi.
AUD/USD remained stable near 0.7070, with investors weighing potential Federal Reserve interest rate reductions.
GBP/USD is trading close to the 1.3630 level and is showing some downward movement throughout the day. Political uncertainty in Britain has eased a bit after the Labor party supported Prime Minister Keir Starmer last week, pledging to stay in office.
As for USD/CAD, it’s sitting around the 1.3630 range, remaining positive for the fourth consecutive session, as attention turns to Canada’s January inflation report set to come out on Tuesday.
Gold is hovering around $4,991, having lost some value as the market awaits significant data releases this week.
Here’s what’s next on the docket:
Tuesday, February 17th:
- RBA meeting minutes.
- Germany’s January harmonized consumer price index.
- Number of claimants in the UK for January.
- UK employment changes for December.
- ILO unemployment rate for the UK in December.
- Canadian January CPI.
Wednesday, February 18th:
- RBNZ interest rate decisions.
- January UK CPI.
- Minutes from the US Federal Open Market Committee.
Thursday, February 19th:
- Australia’s January employment changes.
- Australian unemployment rate.
Friday, February 20th:
- UK January retail sales.
- Germany’s February HCOB Comprehensive PMI.
- Eurozone PMI.
- UK February S&P Global PMI update.
- US December Core Personal Consumption Expenditures.
- February US S&P Global PMI.
