Forex Today: US Dollar consolidates recovery gains, attention shifts to PMI data
Overview
The US Dollar (USD) experienced a notable recovery on Tuesday, with the USD Index increasing by over 1%. Market focus is now directed towards the release of preliminary Purchasing Managers Index (PMI) data from S&P Global for key economies, including Germany, the Eurozone, the UK, and the US, scheduled for Wednesday.
Central Bank Commentary
Market participants will also be closely monitoring forthcoming commentary from various central bank officials.
US Dollar Performance
The following table illustrates the percentage change in the US Dollar (USD) against major currencies this week. The US Dollar has demonstrated the strongest performance against the Swiss Franc.
USD Performance Matrix (Percentage Change)
USD EUR GBP JPY CAD AUD NZD CHF
USD 0.09% -0.18% -0.26% -0.23% -0.55% -1.05% 0.63%
EUR -0.09% -0.42% -0.40% -0.37% -0.82% -1.19% 0.53%
GBP 0.18% 0.42% 0.21% 0.06% -0.41% -0.76% 0.95%
JPY 0.26% 0.40% -0.21% 0.02% -0.39% -0.64% 0.94%
CAD 0.23% 0.37% -0.06% -0.02% -0.43% -0.81% 0.89%
AUD 0.55% 0.82% 0.41% 0.39% 0.43% -0.33% 1.33%
NZD 1.05% 1.19% 0.76% 0.64% 0.81% 0.33% 1.75%
CHF -0.63% -0.53% -0.95% -0.94% -0.89% -1.33% -1.75%
Heat Map Interpretation
The heat map visualizes percentage changes between major currencies. The base currency is selected from the left column, while the quote currency is chosen from the top row. For example, selecting the US Dollar from the left column and aligning it with the Japanese Yen on the top row displays the percentage change for USD/JPY.
