Here is what market participants should be aware of on Tuesday, May 6:
Major currency pairs are exhibiting familiar trading patterns in early Tuesday trading sessions, as investors appear hesitant to commit to substantial positions ahead of key central bank meetings scheduled for this week. Market participants are closely monitoring these meetings for potential shifts in monetary policy. On the economic data front, Eurostat is slated to publish the Producer Price Index (PPI) figures for March, providing insights into inflationary pressures within the Eurozone. Later in the day, traders will be focusing on the release of trade balance data from both Canada and the United States, which are expected to offer clues about the health of their respective economies and trade relationships. These figures will be closely scrutinized for any signs of economic strength or weakness, potentially influencing currency valuations.
US Dollar PRICE Last 7 days
The table presented below illustrates the percentage change in the value of the US Dollar (USD) relative to a selection of major currencies over the preceding seven-day period. Analysis of the data reveals that the US Dollar exhibited the strongest performance against the British Pound (GBP) during this timeframe.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | ||
|---|---|---|---|---|---|---|---|---|---|
| USD | 0.70% | 0.88% | 0.86% | -0.12% | -0.44% | -0.12% | 0.32% | ||
| EUR | -0.70% | 0.21% | 0.20% | -0.80% | -1.07% | -0.81% | -0.36% | ||
| GBP | -0.88% | -0.21% | -0.06% | -1.01% | -1.31% | -1.01% | -0.58% | ||
| JPY | -0.86% | -0.20% | 0.06% | -0.97% | -1.28% | -1.04% | -0.53% | ||
| CAD | 0.12% | 0.80% | 1.01% | 0.97% | -0.32% | -0.00% | 0.43% | ||
| AUD | 0.44% | 1.07% | 1.31% | 1.28% | 0.32% | 0.32% | 0.75% | ||
| NZD | 0.12% | 0.81% | 1.01% | 1.04% | 0.00% | -0.32% | 0.44% | ||
| CHF | -0.32% | 0.36% | 0.58% | 0.53% | -0.43% | -0.75% | -0.44% |
The heat map presented above provides a visual representation of the percentage changes between major currencies. The currency listed in the left-hand column serves as the base currency, while the currency indicated in the top row functions as 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 (base)/JPY (quote) exchange rate.
