ECB rate decision and US data to ramp up volatility
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Here is what you need to know on Thursday, June 5: Major currency pairs fluctuate within their weekly ranges early Thursday. The European Central Bank (ECB) will announce monetary policy decisions and the US economic calendar will offer Challenger Job Cuts data for May, weekly Initial Jobless Claims reading, alongside the Goods Trade Balance figures for April. ECB President Christine Lagarde will speak on the outlook and respond to questions in the post-meeting press conference. Finally, several Federal Reserve (Fed) policymakers are scheduled to deliver speeches in the second half of the day. 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 -0.54% -0.62% -0.43% -0.48% -0.91% -1.13% -0.46% EUR 0.54% -0.08% 0.11% 0.05% -0.36% -0.63% 0.08% GBP 0.62% 0.08% 0.21% 0.13% -0.28% -0.54% 0.16% JPY 0.43% -0.11% -0.21% -0.05% -0.45% -0.71% -0.09% CAD 0.48% -0.05% -0.13% 0.05% -0.41% -0.68% 0.03% AUD 0.91% 0.36% 0.28% 0.45% 0.41% -0.20% 0.52% NZD 1.13% 0.63% 0.54% 0.71% 0.68% 0.20% 0.71% CHF 0.46% -0.08% -0.16% 0.09% -0.03% -0.52% -0.71% 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) came under pressure following disappointing macroeconomic data releases on Wednesday. The Automatic Data Processing (ADP) reported that employment in the private sector rose by 37,000 in May, missing the market expectation of 115,000 by…
Filed under: News - @ June 5, 2025 7:27 am