- The US dollar index decreases amid the risk of reducing the federal reserve rate in September.
- The US consumer price index increased by 2.4 % on an annual basis in May, lower than expected 2.5 %.
- Trump said that the commercial deal with China had been completed, but it remains subject to the final approval of both leaders.
The US dollar index (DXY), which measures the value of the US dollar (USD) against six main currencies, extends its losses for the second day in a row and trades in about 98.40 during the Asian hours on Thursday. Greenback faces challenges as the most cold American inflation expected in May has increased the chances of reducing the Federal Reserve in September.
The US Consumer Prices Index (CPI) increased by 2.4 % on an annual basis in May, slightly higher than 2.3 % before market expectations, an increase of 2.5 %. The basic consumer price index, which excludes food and volatile energy, increased by 2.8 % on an annual basis in May, compared to 2.9 % compatibility.
US President Donald Trump posted on the social truth on Wednesday, saying that the commercial deal with China was done and added that it is subject to the approval of his Chinese president Xi Jinping. “We get a total of 55 % of the customs tariff, China gets 10 %. The relationship is excellent! Thank you for your interest in this issue!” He also stated that he is ready to extend the deadline for commercial talks, but he does not think it will be necessary. He also said that he would put one -sided tariff within two weeks.
China will grant rare land export licenses for American car makers and manufacturers, but for only six months to maintain control of critical minerals while taking advantage of future talks, according to the Wall Street Journal (gates).
The US dollar may gain land from safe driving flows amid the escalating tensions in the Middle East. The United States (the United States) advised some Americans to leave the region. President Trump said on Wednesday that the United States will not allow Iran to have a nuclear weapon for every Reuters. Moreover, Jennifer Jacobs, CBS News, said that US officials had told Israel that Israel was completely ready to launch an operation in Iran.
US dollar price today
The table below shows the percentage of change in the US dollar (USD) against the main currencies listed today. The US dollar was the weakest against the Swiss franc.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | -0.24 % | -0.23 % | -0.43 % | -01 % | 0.20 % | 0.10 % | -0.45 % | |
| euro | 0.24 % | 0.02 % | -0.22 % | 0.23 % | 0.42 % | 0.35 % | -18 % | |
| GBP | 0.23 % | -02 % | -0.23 % | 0.21 % | 0.39 % | 0.31 % | -0.23 % | |
| JPY | 0.43 % | 0.22 % | 0.23 % | 0.43 % | 0.62 % | 0.49 % | -0.00 % | |
| CAD | 0.00 % | -0.23 % | -0.21 % | -0.43 % | 0.21 % | 0.09 % | -0.44 % | |
| Aud | -0.20 % | -0.42 % | -0.39 % | -62 % | -0.21 % | -08 % | -61 % | |
| Nzd | -0.10 % | -0.35 % | -0.31 % | -0.49 % | -0.09 % | 0.08 % | -0.54 % | |
| Chf | 0.45 % | 0.18 % | 0.23 % | 0.00 % | 0.44 % | 0.61 % | 0.54 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the US dollar from the left column and move along the horizontal line to the Japanese yen, the percentage offered in the box will represent the USD (base)/JPY (quote).
