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Here is what you need to know on Wednesday, October 9: The action in financial markets remain choppy midweek, with investors’ search for the next catalyst continues. The US economic calendar will feature Wholesale Inventories data for August. Later in the day, the US Treasury will hold a 10-year note auction and the Federal Reserve (Fed) will publish the minutes of the September policy meeting. 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 New Zealand Dollar.   USD EUR GBP JPY CAD AUD NZD CHF USD   0.08% 0.22% -0.10% 0.73% 0.92% 1.17% -0.22% EUR -0.08%   0.19% -0.16% 0.68% 0.82% 1.08% -0.33% GBP -0.22% -0.19%   -0.39% 0.50% 0.63% 0.92% -0.40% JPY 0.10% 0.16% 0.39%   0.83% 1.01% 1.21% -0.08% CAD -0.73% -0.68% -0.50% -0.83%   0.22% 0.43% -0.94% AUD -0.92% -0.82% -0.63% -1.01% -0.22%   0.30% -1.10% NZD -1.17% -1.08% -0.92% -1.21% -0.43% -0.30%   -1.33% CHF 0.22% 0.33% 0.40% 0.08% 0.94% 1.10% 1.33%   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) Index, which tracks the USD’s valuation against a basket of six major currencies, closed the second consecutive day virtually unchanged on Tuesday. The index edges slightly higher and stays above 102.50 in the European morning on Wednesday. The risk-averse market environment seems to be helping the USD hold its ground. At the time…

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Filed under: News - @ October 9, 2024 8:16 am