Focus remains on Fedspeak in absence of high-impact data

The post Focus remains on Fedspeak in absence of high-impact data appeared on BitcoinEthereumNews.com. Here is what you need to know on Monday, May 13: Financial markets remain quiet to start the new week and major currency pairs fluctuate near the previous week’s closing levels. The economic calendar will not offer any high-tier data releases on Monday and investors will continue to scrutinize comments from central bank officials. The US Dollar (USD) Index recovered modestly on Friday after declining sharply on Thursday, supported by Federal Reserve (Fed) policymakers’ hawkish tone. In the early European morning on Monday, the USD Index holds steady above 105.00 and the benchmark 10-year US Treasury bond yield moves sideways near 4.5%. In the meantime, US stock index futures trade modestly higher. US Dollar PRICE Last 7 days The table below shows the percentage change of US Dollar (USD) against listed major currencies last 7 days. US Dollar was the weakest against the Japanese Yen.   USD EUR GBP JPY CAD AUD NZD CHF USD   0.11% -0.15% -1.81% -0.07% -0.17% -0.07% -0.22% EUR -0.11%   -0.17% -1.80% -0.11% -0.07% -0.10% -0.23% GBP 0.15% 0.17%   -1.64% 0.05% 0.09% 0.06% -0.04% JPY 1.81% 1.80% 1.64%   1.70% 1.63% 1.74% 1.61% CAD 0.07% 0.11% -0.05% -1.70%   -0.20% 0.02% -0.06% AUD 0.17% 0.07% -0.09% -1.63% 0.20%   -0.05% -0.10% NZD 0.07% 0.10% -0.06% -1.74% -0.02% 0.05%   -0.08% CHF 0.22% 0.23% 0.04% -1.61% 0.06% 0.10% 0.08%   The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). Following Thursday’s upsurge, EUR/USD retreated Friday but managed to…

May 13, 2024 - 07:00
 0  7
Focus remains on Fedspeak in absence of high-impact data

The post Focus remains on Fedspeak in absence of high-impact data appeared on BitcoinEthereumNews.com.

Here is what you need to know on Monday, May 13: Financial markets remain quiet to start the new week and major currency pairs fluctuate near the previous week’s closing levels. The economic calendar will not offer any high-tier data releases on Monday and investors will continue to scrutinize comments from central bank officials. The US Dollar (USD) Index recovered modestly on Friday after declining sharply on Thursday, supported by Federal Reserve (Fed) policymakers’ hawkish tone. In the early European morning on Monday, the USD Index holds steady above 105.00 and the benchmark 10-year US Treasury bond yield moves sideways near 4.5%. In the meantime, US stock index futures trade modestly higher. US Dollar PRICE Last 7 days The table below shows the percentage change of US Dollar (USD) against listed major currencies last 7 days. US Dollar was the weakest against the Japanese Yen.   USD EUR GBP JPY CAD AUD NZD CHF USD   0.11% -0.15% -1.81% -0.07% -0.17% -0.07% -0.22% EUR -0.11%   -0.17% -1.80% -0.11% -0.07% -0.10% -0.23% GBP 0.15% 0.17%   -1.64% 0.05% 0.09% 0.06% -0.04% JPY 1.81% 1.80% 1.64%   1.70% 1.63% 1.74% 1.61% CAD 0.07% 0.11% -0.05% -1.70%   -0.20% 0.02% -0.06% AUD 0.17% 0.07% -0.09% -1.63% 0.20%   -0.05% -0.10% NZD 0.07% 0.10% -0.06% -1.74% -0.02% 0.05%   -0.08% CHF 0.22% 0.23% 0.04% -1.61% 0.06% 0.10% 0.08%   The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). Following Thursday’s upsurge, EUR/USD retreated Friday but managed to…

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