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Here is what you need to know on Wednesday, February 12: Major currency pairs continue to fluctuate in relatively tight weekly ranges as investors gear up for the next key macroeconomic events. The US Bureau of Labor Statistics will release the Consumer price Index (CPI) data for January later in the day and Federal Reserve (Fed) Chairman Jerome Powell will testify before the House Financial Services Committee.  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 Japanese Yen.   USD EUR GBP JPY CAD AUD NZD CHF USD   -0.33% -0.39% 1.49% 0.03% -0.25% 0.22% 0.39% EUR 0.33%   0.00% 1.96% 0.48% 0.08% 0.64% 0.80% GBP 0.39% -0.01%   1.80% 0.44% 0.07% 0.64% 0.79% JPY -1.49% -1.96% -1.80%   -1.48% -1.65% -1.26% -1.07% CAD -0.03% -0.48% -0.44% 1.48%   -0.25% 0.17% 0.32% AUD 0.25% -0.08% -0.07% 1.65% 0.25%   0.57% 0.73% NZD -0.22% -0.64% -0.64% 1.26% -0.17% -0.57%   0.16% CHF -0.39% -0.80% -0.79% 1.07% -0.32% -0.73% -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). Investors will also keep a close eye on fresh developments surrounding US President Donald Trump’s trade policy. When asked if reciprocal tariffs will be announced on Wednesday, “we’ll see” Trump responded while speaking to reporters late Tuesday.  On the first day of his testimony before the Senate Banking Committee on Tuesday, Powell reiterated that they do not need to…

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Filed under: News - @ February 12, 2025 7:18 am