US Dollar selloff pauses ahead of data releases
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Here is what you need to know on Tuesday, September 17: The US Dollar (USD) continued to weaken against its major rivals at the beginning of the week, with the USD Index losing 0.4% on the day. As market attention turns to US data releases ahead of Wednesday’s all-important Federal Reserve (Fed) monetary policy announcements, investors seem to be moving to the sidelines. In the European session, Germany’s ZEW Institute will publish September Economic Sentiment data for Germany and the Eurozone. In the second half of the day, August Retail Sales and Industrial Production data will be featured in the US economic docket. US Dollar PRICE Last 7 days The table below shows the percentage change of US Dollar (USD) against listed major currencies last 7 days. US Dollar was the weakest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -0.84% -1.04% -1.83% 0.21% -1.41% -0.76% -0.62% EUR 0.84% -0.20% -1.00% 1.06% -0.58% 0.04% 0.21% GBP 1.04% 0.20% -0.80% 1.22% -0.37% 0.25% 0.44% JPY 1.83% 1.00% 0.80% 2.07% 0.43% 1.07% 1.23% CAD -0.21% -1.06% -1.22% -2.07% -1.62% -0.97% -0.82% AUD 1.41% 0.58% 0.37% -0.43% 1.62% 0.65% 0.81% NZD 0.76% -0.04% -0.25% -1.07% 0.97% -0.65% 0.16% CHF 0.62% -0.21% -0.44% -1.23% 0.82% -0.81% -0.16% 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). Following Monday’s slide, the USD Index holds steady below 101.00 in the European morning on Tuesday. In the…
Filed under: News - @ September 17, 2024 6:28 am