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Here is what you need to know on Friday, August 9: Financial markets hold steady on the last trading of a week that featured extremely volatile action in a variety of asset classes. Following Thursday’s risk rally, US stock index futures trade flat in the European morning on Friday. The July jobs report from Canada will be the only data highlighted in the economic calendar 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 strongest against the Swiss Franc.   USD EUR GBP JPY CAD AUD NZD CHF USD   -0.14% 0.29% 0.31% -1.02% -1.35% -1.22% 0.97% EUR 0.14%   0.35% 0.29% -1.01% -1.20% -1.19% 1.00% GBP -0.29% -0.35%   0.00% -1.33% -1.54% -1.53% 0.63% JPY -0.31% -0.29% 0.00%   -1.28% -1.69% -1.49% 0.68% CAD 1.02% 1.01% 1.33% 1.28%   -0.30% -0.19% 1.81% AUD 1.35% 1.20% 1.54% 1.69% 0.30%   0.02% 2.21% NZD 1.22% 1.19% 1.53% 1.49% 0.19% -0.02%   2.19% CHF -0.97% -1.00% -0.63% -0.68% -1.81% -2.21% -2.19%   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). Wall Street’s main indexes registered impressive gains on Thursday as fears over a continuation of the unwinding of the Japanese Yen (JPY) eased. Meanwhile, de-escalation of geopolitical tensions further helped the risk mood improve. According to the CNN, Iran could refrain from attacking Israel in exchange for a ceasefire in Gaza. …

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Filed under: News - @ August 9, 2024 9:14 am