Here is what market participants should be aware of on Wednesday, May 14:
The trading landscape for major currency pairs remains relatively subdued in early trading on Wednesday, following a week that commenced with notable volatility. As the economic calendar presents a relatively light schedule in terms of high-impact data releases today, investors are expected to closely monitor commentary from central bank officials and carefully assess developments in ongoing trade negotiations. Market participants will be looking for clues regarding future monetary policy and potential shifts in global trade dynamics.
US Dollar PRICE This week
The following table presents a comparative analysis of percentage changes in the US Dollar (USD) against a selection of major currencies over the course of this week. Based on the data, the US Dollar has exhibited the strongest performance relative to the Japanese Yen. This reflects a potential shift in investor sentiment, possibly driven by diverging monetary policy expectations or risk appetite dynamics.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.49% | 0.01% | 0.56% | 0.21% | -0.96% | -0.25% | 0.52% | |
| EUR | -0.49% | -0.35% | 0.61% | 0.21% | -0.83% | -0.26% | 0.51% | |
| GBP | -0.01% | 0.35% | 1.15% | 0.56% | -0.47% | 0.02% | 0.86% | |
| JPY | -0.56% | -0.61% | -1.15% | -0.36% | -2.13% | -1.65% | -0.27% | |
| CAD | -0.21% | -0.21% | -0.56% | 0.36% | -0.91% | -0.46% | 0.30% | |
| AUD | 0.96% | 0.83% | 0.47% | 2.13% | 0.91% | 0.48% | 1.31% | |
| NZD | 0.25% | 0.26% | -0.02% | 1.65% | 0.46% | -0.48% | 0.74% | |
| CHF | -0.52% | -0.51% | -0.86% | 0.27% | -0.30% | -1.31% | -0.74% |
The heat map visually represents the 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 instance, selecting the US Dollar from the left column and tracing horizontally to the Japanese Yen will display the percentage change for the USD/JPY pair. This allows for a quick assessment of relative currency performance.
