Here is what you need to know on Wednesday, April 30:
Following Tuesday’s somewhat volatile trading session, financial markets are exhibiting a relatively subdued tone early Wednesday as investors brace themselves for a series of significant economic data releases. The European economic calendar is heavily populated with key first-quarter Gross Domestic Product (GDP) figures, most notably from Germany and the broader Eurozone. These GDP releases will provide crucial insights into the economic health of the region. Furthermore, Germany will also release its monthly Unemployment Rate and Consumer Price Index (CPI) data, offering a more granular view of the country’s economic performance. Later in the day, the US Bureau of Economic Analysis (BEA) is scheduled to publish its initial estimate of the Q1 GDP, a closely watched indicator of US economic growth. Accompanying this will be the release of Personal Consumption Expenditures (PCE) Price Index numbers for March, a key measure of inflation. Market participants will also be paying close attention to the ADP Employment Change data, which serves as a precursor to the official non-farm payrolls report due later in the week, to gauge the strength of the labor market. Analysts anticipate that these data points will provide a clearer picture of the economic landscape and potentially influence future monetary policy decisions by central banks.
US Dollar PRICE This week
The table below illustrates the percentage change of the US Dollar (USD) against a selection of major currencies throughout this week. Analysis reveals that the US Dollar has demonstrated the most significant strength against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.14% | -0.57% | -0.60% | -0.28% | -0.03% | 0.50% | -0.52% | |
| EUR | 0.14% | -0.49% | -0.47% | -0.16% | 0.02% | 0.63% | -0.40% | |
| GBP | 0.57% | 0.49% | 0.04% | 0.35% | 0.49% | 1.12% | 0.11% | |
| JPY | 0.60% | 0.47% | -0.04% | 0.35% | 0.61% | -0.31% | 0.40% | |
| CAD | 0.28% | 0.16% | -0.35% | -0.35% | 0.13% | 0.78% | -0.22% | |
| AUD | 0.03% | -0.02% | -0.49% | -0.61% | -0.13% | 0.63% | -0.40% | |
| NZD | -0.50% | -0.63% | -1.12% | 0.31% | -0.78% | -0.63% | -1.01% | |
| CHF | 0.52% | 0.40% | -0.11% | -0.40% | 0.22% | 0.40% | 1.01% |
The heat map presented above visually represents the percentage changes in value between major currencies. The currency listed in the left column serves as the base currency, while the currency listed in the top row is the quote currency. For instance, selecting the US Dollar from the left column and tracing horizontally to the Japanese Yen will display the percentage change representing the USD/JPY exchange rate.
