Here’s what you need to know on Tuesday, April 14th.
The US dollar index (DXY) saw a decline on Monday, as the market processed updates on the recent failed peace talks between Iran and the US, along with reports of President Trump’s deployment of the US Navy near the Strait of Hormuz. Typically, news like this would lead to a stronger move toward safe-haven assets against the dollar.
Yet, current price trends indicate a weakening dollar. Investors appear to be re-evaluating the longevity and validity of the situation, especially since Iran hinted at potentially lowering uranium enrichment and even lifting some restrictions.
USD price today
The table below reveals the percentage changes of the US dollar (USD) against significant currencies today. Remarkably, the dollar is relatively strongest against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.26% | -0.28% | 0.02% | -0.34% | -0.43% | -0.53% | -0.70% | |
| EUR | 0.26% | -0.04% | 0.26% | -0.08% | -0.19% | -0.28% | -0.40% | |
| GBP | 0.28% | 0.04% | 0.30% | -0.07% | -0.15% | -0.25% | -0.41% | |
| JPY | -0.02% | -0.26% | -0.30% | -0.40% | -0.48% | -0.58% | -0.68% | |
| CAD | 0.34% | 0.08% | 0.07% | 0.40% | -0.05% | -0.17% | -0.35% | |
| AUD | 0.43% | 0.19% | 0.15% | 0.48% | 0.05% | -0.09% | -0.17% | |
| NZD | 0.53% | 0.28% | 0.25% | 0.58% | 0.17% | 0.09% | -0.13% | |
| CHF | 0.70% | 0.40% | 0.41% | 0.68% | 0.35% | 0.17% | 0.13% |
This heat map illustrates the percentage changes among major currencies. The base currency is listed on the left, with the quote currency at the top. For instance, if you select USD from the left and go to the Japanese Yen in the top row, the corresponding percentage change will show how the USD compares to JPY.
The EUR/USD is currently hovering around the 1.1765 mark, seemingly taking advantage of the weaker dollar. Without any fresh data from the eurozone, this trend mainly represents a shift driven by the dollar’s performance rather than a stronger euro.
Meanwhile, the GBP/USD continues its positive run near the 1.3500 level, buoyed by the dollar’s decline. This shift seems to favor the British pound as fund flows adjust.
As for the USD/JPY exchange, it’s drifting down toward 159.30, with the yen showing some strength. Interestingly, the yen is now outperforming the dollar, which has lost some of its usual safe-haven status.
The AUD/USD has climbed toward the 0.7090 range, likely due to slight stabilization in risk sentiment and a drop in the dollar’s value.
WTI crude oil prices dipped to $98.90 per barrel, even amidst heightened concerns about the Strait of Hormuz’s potential closure earlier in the day.
Gold (XAU/USD) is trading around $4,730, with price activity becoming less volatile as investors seem to be leaning toward riskier assets.
Here’s what’s next on the docket:
Tuesday, April 14th:
- US IMF meeting
- AU Westpac Consumer Confidence April
- CN Export March
- CN Import March
- CN trade balance March
- Spanish Consumer Price Harmonized Index March
- Four-week average of US ADP employment changes
- US March PPI
Wednesday, April 15th:
- US IMF meeting
- French Consumer Price Index March
- Eurozone industrial production February
- Empire State Manufacturing Business Index, New York, USA April
- US Fed Beige Book
Thursday, April 16th:
- US IMF meeting
- AU Career Change March
- Australia’s unemployment rate in March
- China GDP Q1
- CN industrial production March
- CN Retail Sales March
- UK GDP in February
- British industrial production
- UK manufacturing production February
- Italian CPI in March
- Eurozone Harmonized Consumer Price Index March
- ECB monetary policy meeting account
- Number of new unemployment insurance claims in the US
- Philadelphia Fed Manufacturing Survey April
- United States Industrial Production March
Friday, April 17th:
