The post BoE policy announcements, US data to drive markets appeared on BitcoinEthereumNews.com.

Here is what you need to know on Thursday, February 6: Major currency pairs stay relatively quiet early Thursday as investors gear up for the upcoming key events. The Bank of England (BoE) will announce monetary policy decisions. Governor Andrew Bailey will speak on the policy outlook and respond to questions in a press conference afterward. Later in the day, the US economic calendar will feature weekly Initial Jobless Claims and Unit Labor Costs data for the fourth quarter. 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 Canadian Dollar.   USD EUR GBP JPY CAD AUD NZD CHF USD   -0.19% -0.64% -1.59% -2.31% -0.82% -1.16% -1.37% EUR 0.19%   -0.06% -0.11% -0.86% -0.18% 0.32% 0.10% GBP 0.64% 0.06%   -1.14% -0.80% -0.11% 0.38% 0.16% JPY 1.59% 0.11% 1.14%   -0.75% 0.92% 1.34% 0.85% CAD 2.31% 0.86% 0.80% 0.75%   0.43% 1.18% 0.97% AUD 0.82% 0.18% 0.11% -0.92% -0.43%   0.50% 0.28% NZD 1.16% -0.32% -0.38% -1.34% -1.18% -0.50%   -0.22% CHF 1.37% -0.10% -0.16% -0.85% -0.97% -0.28% 0.22%   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 US Dollar (USD) struggled to find demand on Wednesday following the disappointing ISM Services PMI data. Additionally, improving risk mood put additional weight on the currency’s shoulders, as Wall Street’s main indexes registered gains for the second consecutive day. After falling 0.4% on…

---

Filed under: News - @ February 6, 2025 8:18 am