The post US Dollar recovery loses steam, focus shifts to mid-tier data releases appeared on BitcoinEthereumNews.com.

Here is what you need to know on Thursday, August 8: Following a two-day rebound, the US Dollar (USD) seems to be struggling to keep its footing on Thursday, with the USD Index retreating back below 103.00 in the European session. The US Department of Labor will release the weekly Initial Jobless Claims data later in the day. Wholesale Inventories for June will also be featured in the US economic docket. 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 British Pound.   USD EUR GBP JPY CAD AUD NZD CHF USD   -0.25% 0.81% -0.52% -0.95% -0.53% -0.69% 0.06% EUR 0.25%   0.97% -0.41% -0.83% -0.28% -0.55% 0.20% GBP -0.81% -0.97%   -1.32% -1.76% -1.24% -1.51% -0.76% JPY 0.52% 0.41% 1.32%   -0.42% -0.08% -0.17% 0.59% CAD 0.95% 0.83% 1.76% 0.42%   0.46% 0.26% 0.84% AUD 0.53% 0.28% 1.24% 0.08% -0.46%   -0.27% 0.48% NZD 0.69% 0.55% 1.51% 0.17% -0.26% 0.27%   0.76% CHF -0.06% -0.20% 0.76% -0.59% -0.84% -0.48% -0.76%   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). After registering impressive gains on Tuesday, Wall Street’s main indexes opened decisively higher on Wednesday. The risk rally, however, lost its steam in the second half of the session and US stock indexes closed the day deep in negative territory. In the absence of high-tier data releases or geopolitical headlines, this action…

---

Filed under: News - @ August 8, 2024 12:12 pm