Here’s what you need to know on Thursday, February 26th.
The Australian dollar (AUD) jumped to nearly a two-week high after a surprising inflation report for January, which has sparked hopes for additional interest rate increases by the Reserve Bank of Australia (RBA).
In the midst of some uncertainty surrounding US trade policy, the US dollar index (DXY) slipped to around 97.70 during US trading hours.
USD price today
The table below outlines the percentage change of the US dollar (USD) against key currencies today. Notably, the US dollar showed strength against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.27% | -0.40% | 0.34% | -0.18% | -0.88% | -0.52% | -0.13% | |
| EUR | 0.27% | -0.13% | 0.59% | 0.09% | -0.62% | -0.25% | 0.14% | |
| GBP | 0.40% | 0.13% | 0.74% | 0.21% | -0.49% | -0.13% | 0.26% | |
| JPY | -0.34% | -0.59% | -0.74% | -0.51% | -1.21% | -0.83% | -0.46% | |
| CAD | 0.18% | -0.09% | -0.21% | 0.51% | -0.70% | -0.33% | 0.05% | |
| AUD | 0.88% | 0.62% | 0.49% | 1.21% | 0.70% | 0.36% | 0.76% | |
| NZD | 0.52% | 0.25% | 0.13% | 0.83% | 0.33% | -0.36% | 0.39% | |
| CHF | 0.13% | -0.14% | -0.26% | 0.46% | -0.05% | -0.76% | -0.39% |
The heat map illustrates the percentage change between major currencies, using the left column for the base currency and the top row for the quote currency. For instance, to gauge the change from USD to JPY, navigate from the left column to the JPY entry.
EUR/USD rose over 20%, hovering around the 1.1800 mark, as the euro (EUR) gained from today’s softer inflation data from the eurozone. This data supports the anticipation that the European Central Bank (ECB) will keep its policy approach steady.
GBP/USD is around the 1.3550 threshold, bouncing back from a phase of consolidation and hitting a one-week peak. Bank of England (BOE) Governor Andrew Bailey noted that, even with the chance of a rate cut in March, inflation in services remains quite elevated.
AUD/USD gained more than 0.85%, trading near 0.7120 after Australia’s January consumer price index (CPI) unexpectedly rose by 3.8% year-on-year, with the trimmed average increasing from 3.3% to 3.4% annually. RBA Governor Michelle Bullock remarked that the economy is doing relatively well.
The USD/JPY sits around 156.40, approaching a three-week high amid ongoing uncertainty over the Bank of Japan’s (BOJ) interest rate forecast. Prime Minister Sanae Takaichi recently expressed hesitance about further rate hikes during a meeting with BOJ Governor Kazuo Ueda.
Gold has increased by 0.75% during the day, reaching $5,205, as it tries to recover some losses from Tuesday and regain stability amid geopolitical tensions.
What’s next on the docket:
Thursday, February 26th:
- Tokyo February CPI.
- Number of new unemployment insurance claims in the US.
Friday, February 27th:
- Switzerland’s fourth-quarter GDP.
- Germany’s February CPI.
- February flash HICP for Germany.
- Canada’s fourth-quarter GDP.
- US Producer Price Index (PPI).
