The US dollar (USD) remained relatively stable during Asian trading on Wednesday, even as tensions over the Iran deal increased due to recent attacks exchanged between the US and Iran.
At this point, the U.S. Dollar Index (DXY), which measures the dollar’s value compared to six major currencies, is hovering around 99.25—essentially unchanged.
USD price today
The information below illustrates the percentage changes of the US dollar against major currencies today, with the dollar showing notable strength against the Australian dollar.
| USD | EUR | GBP | JPY | CAD | australian dollar | new zealand dollar | swiss franc | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.02% | 0.01% | -0.05% | 0.03% | 0.06% | -0.05% | 0.06% | |
| EUR | -0.02% | -0.02% | -0.06% | 0.02% | 0.04% | -0.08% | 0.04% | |
| GBP | -0.01% | 0.02% | -0.02% | 0.02% | 0.06% | -0.07% | 0.06% | |
| JPY | 0.05% | 0.06% | 0.02% | 0.05% | 0.09% | -0.06% | 0.09% | |
| CAD | -0.03% | -0.02% | -0.02% | -0.05% | 0.04% | -0.08% | 0.03% | |
| australian dollar | -0.06% | -0.04% | -0.06% | -0.09% | -0.04% | -0.12% | -0.02% | |
| new zealand dollar | 0.05% | 0.08% | 0.07% | 0.06% | 0.08% | 0.12% | 0.13% | |
| swiss franc | -0.06% | -0.04% | -0.06% | -0.09% | -0.03% | 0.02% | -0.13% |
The heat map illustrates the percentage changes among major currencies. Selecting USD from the left column and moving to the right gives the percentage change (USD against the selected currency).
In a related development, U.S. Central Command (CENTCOM) reported on Tuesday that it intercepted and destroyed several Iranian missile and drone strikes aimed at nearby nations, including Kuwait and Bahrain, and conducted a self-defense operation on Iran’s Qeshm Island.
This situation has sparked renewed fears regarding a possible escalation of conflict in the Middle East, which could push oil prices higher and potentially strengthen the US dollar.
Historically, the US dollar tends to perform well during periods of conflict, where rising oil prices drive inflation globally, influencing traders to adjust their strategies around a dovish Federal Reserve.
On a domestic front, investors are currently awaiting the May US ADP employment report and the ISM Services Purchasing Managers’ Index (PMI), scheduled to be released later during the North American session.
Additionally, the April US JOLTS statistics released on Tuesday came in above expectations, showing 7.618 million new jobs created, significantly higher than the anticipated 6.88 million.
The key factor for the dollar this week will likely be Friday’s report on US nonfarm payroll data for May.
