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Here is what you need to know on Thursday, June 13: The US Dollar (USD) seems to have stabilized early Thursday after suffering large losses against its major rivals on soft inflation data on Wednesday. In the second half of the day, the US economic docket will feature weekly Initial Jobless Claims data and Producer Price Index figures for May.  US Dollar PRICE This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the weakest against the New Zealand Dollar.   USD EUR GBP JPY CAD AUD NZD CHF USD   -0.02% -0.47% 0.25% -0.11% -0.94% -1.00% -0.22% EUR 0.02%   -0.10% 0.54% 0.17% -0.65% -0.72% 0.04% GBP 0.47% 0.10%   0.76% 0.28% -0.55% -0.62% 0.14% JPY -0.25% -0.54% -0.76%   -0.35% -1.27% -1.35% -0.44% CAD 0.11% -0.17% -0.28% 0.35%   -0.80% -0.89% -0.12% AUD 0.94% 0.65% 0.55% 1.27% 0.80%   -0.07% 0.69% NZD 1.00% 0.72% 0.62% 1.35% 0.89% 0.07%   0.77% CHF 0.22% -0.04% -0.14% 0.44% 0.12% -0.69% -0.77%   The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). The Bureau of Labor Statistics reported on Wednesday that inflation in the US, as measured by the change in the Consumer Price Index (CPI), declined to 3.3% on a yearly basis in May from 3.4% in April. The annual core CPI, which excludes volatile food and energy prices, rose 3.4%, compared to analysts’ estimate of 3.5%. On a monthly basis, the CPI was…

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Filed under: News - @ June 13, 2024 7:12 am