Here’s what you need to know on Tuesday, February 24th.
The U.S. dollar (USD) bounced back from earlier losses and remained generally stable on Monday as the markets processed the Supreme Court’s decision regarding President Trump’s tariffs alongside his announcement of further tariffs over the weekend. Gold saw a boost from risk aversion, rising to a three-week high above $5,200.
The US dollar index (DXY) is hovering around 97.70 following the Supreme Court ruling against Trump’s tariffs. In response, Trump implemented a 15% tariff on global trade, aiming to safeguard trade agreements.
USD price today
The table below illustrates the percentage changes of the US dollar (USD) against major currencies for today, showing that the USD was strongest relative to the Australian dollar.
| USD | EUR | GBP | JPY | CAD | Australian Dollar | New Zealand Dollar | Swiss Franc | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.02% | 0.02% | -0.26% | 0.10% | 0.42% | 0.37% | -0.07% | |
| EUR | 0.02% | 0.04% | -0.27% | 0.14% | 0.44% | 0.39% | -0.05% | |
| GBP | -0.02% | -0.04% | -0.31% | 0.08% | 0.40% | 0.34% | -0.09% | |
| JPY | 0.26% | 0.27% | 0.31% | 0.38% | 0.69% | 0.65% | 0.21% | |
| CAD | -0.10% | -0.14% | -0.08% | -0.38% | 0.31% | 0.26% | -0.16% | |
| Australian Dollar | -0.42% | -0.44% | -0.40% | -0.69% | -0.31% | -0.05% | -0.49% | |
| New Zealand Dollar | -0.37% | -0.39% | -0.34% | -0.65% | -0.26% | 0.05% | -0.44% | |
| Swiss Franc | 0.07% | 0.05% | 0.09% | -0.21% | 0.16% | 0.49% | 0.44% |
The heat map illustrates the percentage change among major currencies, selecting the base currency from the left and the quote currency from the top. For instance, choosing USD and moving to the Japanese Yen will show the percentage change for that pair.
Currently, EUR/USD is around 1.1790, slightly dipping after the dollar gained traction. GBP/USD trades near 1.3490, faltering amid trade uncertainties. The AUD/USD is at approximately 0.7060, down over 0.40% after the Australian dollar couldn’t capitalize on earlier USD weakness. Meanwhile, the Japanese yen is at about 154.60, increasing as lackluster consumer price index data for January raises anticipation for a Bank of Japan rate hike. Gold is currently priced at $5,211, up more than 2%, as demand for this safe-haven asset rises again.
Here’s what’s next on the docket:
Wednesday, February 25th:
Thursday, February 26th:
Friday, February 27th:
- Switzerland’s fourth quarter GDP.
- Germany’s February CPI.
- German February flash HICP.
- Canada’s fourth quarter GDP.
- US Producer Price Index (PPI).
