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Here is what you need to know on Friday, September 13: Following the bullish action seen in the first half of the week, the US Dollar (USD) Index turned south on Thursday and erased all of its weekly gains. The index struggles to gain traction early Friday and edges lower toward 101.00. Eurostat will release Industrial Production data for July and the US economic docket will feature August Export Price Index and Import Price Index data, alongside the University of Michigan’s Consumer Sentiment Survey for September. 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 Japanese Yen.   USD EUR GBP JPY CAD AUD NZD CHF USD   0.08% 0.02% -0.82% 0.12% -0.66% -0.06% 0.55% EUR -0.08%   -0.12% -0.88% 0.04% -0.78% -0.12% 0.44% GBP -0.02% 0.12%   -0.87% 0.16% -0.67% -0.03% 0.56% JPY 0.82% 0.88% 0.87%   0.96% 0.19% 0.77% 1.57% CAD -0.12% -0.04% -0.16% -0.96%   -0.74% -0.19% 0.59% AUD 0.66% 0.78% 0.67% -0.19% 0.74%   0.64% 1.21% NZD 0.06% 0.12% 0.03% -0.77% 0.19% -0.64%   0.59% CHF -0.55% -0.44% -0.56% -1.57% -0.59% -1.21% -0.59%   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). Soft producer inflation data from the US revived expectations for a large Federal Reserve (Fed) rate cut at the policy meeting next week, causing the USD to weaken against its major rivals. On a yearly basis, the…

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Filed under: News - @ September 13, 2024 7:24 am