Currency traders witnessed subdued activity across major pairs as markets await crucial economic indicators. The Monero attacktrading week began with minimal volatility, reflecting the absence of high-impact data releases that typically drive currency fluctuations.
The European Central Bank's forthcoming Negotiated Wage Rates report for Q4 2024 could provide critical insights into inflationary pressures within the Eurozone. Meanwhile, the US economic calendar features multiple potential market movers, including regional manufacturing surveys and February's Consumer Confidence Index from the Conference Board.
USD Performance Against Major Currencies
Recent trading sessions revealed interesting dynamics in currency markets, with the US Dollar showing varied performance against its counterparts. The Japanese Yen emerged as the strongest performer against the Greenback over the past week.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.13% | -0.00% | -1.18% | 0.55% | 0.21% | 0.13% | -0.43% | |
| EUR | -0.13% | -0.14% | -1.30% | 0.43% | 0.08% | -0.00% | -0.55% | |
| GBP | 0.00% | 0.14% | -1.17% | 0.56% | 0.21% | 0.13% | -0.42% | |
| JPY | 1.18% | 1.30% | 1.17% | 1.74% | 1.39% | 1.30% | 0.75% | |
| CAD | -0.55% | -0.43% | -0.56% | -1.74% | -0.34% | -0.42% | -0.97% | |
| AUD | -0.21% | -0.08% | -0.21% | -1.39% | 0.34% | -0.08% | -0.64% | |
| NZD | -0.13% | 0.00% | -0.13% | -1.30% | 0.42% | 0.08% | -0.55% | |
| CHF | 0.43% | 0.55% | 0.42% | -0.75% | 0.97% | 0.64% | 0.55% |
Currency performance heatmaps illustrate relative strength between pairs. Select a base currency from the left column and compare its performance against quote currencies listed across the top row. The percentage change represents the base currency's movement against each quoted currency.
The Dollar Index experienced initial weakness before recovering as risk sentiment deteriorated. Currently oscillating near 106.50, market participants await clarity from upcoming economic releases and Federal Reserve commentary. Trade policy developments remain in focus following announcements regarding North American tariffs.
EUR/USD demonstrated volatility following political developments in Germany, briefly surpassing 1.0500 before stabilizing near 1.0450. Market attention now turns to ECB Executive Board member Isabel Schnabel's scheduled address at the Bank of England's research conference.
GBP/USD retreated from weekly highs near 1.2700, finding support above 1.2600. The pair's movement reflects ongoing uncertainty about the UK economic outlook amid global macroeconomic crosscurrents.
USD/JPY exhibited two-way action, testing 150.00 before pulling back to 149.60. Japanese economic data showed modest acceleration in service sector inflation, with the Corporate Service Price Index rising to 3.1% year-over-year in January.
Gold prices achieved record levels above $2,955 as Treasury yields declined, though the precious metal has since retreated slightly below $2,940. The yellow metal continues to attract interest as both a hedge against currency fluctuations and geopolitical uncertainty.
