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Here is what you need to know on Thursday, December 12: The European Central Bank (ECB) and the Swiss National Bank (SNB) will announce monetary policy decisions following the last policy meeting of the year on Thursday. In the second half of the day, weekly Initial Jobless Claims and November Producer Price Index (PPI) data from the US will be watched closely by market participants. The US Bureau of Labor Statistics (BLS) reported on Wednesday that annual inflation in the US, as measured by the change in the Consumer Price Index (CPI), edged higher to 2.7% in November from 2.6% in October, as anticipated. On a monthly basis, the CPI and the core CPI both rose 0.3% to match analysts’ estimates. The US Dollar (USD) Index continued to edge higher after November inflation report and closed the fourth consecutive day in positive territory. Early Thursday, the USD Index holds steady at around 106.50. 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 strongest against the Japanese Yen.   USD EUR GBP JPY CAD AUD NZD CHF USD   0.44% -0.27% 1.65% -0.12% -0.55% 0.48% 0.49% EUR -0.44%   -0.70% 1.33% -0.47% -0.89% 0.13% 0.10% GBP 0.27% 0.70%   1.87% 0.23% -0.20% 0.83% 0.81% JPY -1.65% -1.33% -1.87%   -1.77% -2.08% -1.27% -1.09% CAD 0.12% 0.47% -0.23% 1.77%   -0.38% 0.60% 0.58% AUD 0.55% 0.89% 0.20% 2.08% 0.38%   1.03% 1.01% NZD -0.48% -0.13% -0.83% 1.27% -0.60% -1.03%   -0.04% CHF -0.49% -0.10% -0.81% 1.09% -0.58% -1.01% 0.04%   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…

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Filed under: News - @ December 12, 2024 7:21 am