The US Dollar recovers after a three-day losing streak to near 101.40.
Investors shift focus to the US NFP data, which will be released on Thursday.
The Fed is highly expected to hike interest rates at least once this year.
The US Dollar (USD) rebounds after a three-day losing streak, with the US Dollar Index (DXY) trading 0.3% higher to near 101.40.
The Greenback bounces back as investors turn cautious ahead of the United States (US) Nonfarm Payrolls (NFP) data for June, which will be released on Thursday.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Euro.
USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
USD | 0.31% | 0.22% | 0.26% | 0.16% | 0.13% | 0.00% | 0.27% | |
EUR | -0.31% | -0.08% | -0.07% | -0.19% | -0.18% | -0.31% | -0.05% | |
GBP | -0.22% | 0.08% | 0.02% | -0.10% | -0.09% | -0.22% | 0.03% | |
JPY | -0.26% | 0.07% | -0.02% | -0.11% | -0.14% | -0.25% | -0.01% | |
CAD | -0.16% | 0.19% | 0.10% | 0.11% | -0.04% | -0.14% | 0.10% | |
AUD | -0.13% | 0.18% | 0.09% | 0.14% | 0.04% | -0.10% | 0.15% | |
NZD | -0.01% | 0.31% | 0.22% | 0.25% | 0.14% | 0.10% | 0.23% | |
CHF | -0.27% | 0.05% | -0.03% | 0.00% | -0.10% | -0.15% | -0.23% |
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).
Investors will closely track the US NFP data to get fresh cues regarding the Federal Reserve’s (Fed) monetary policy outlook. The official employment report is expected to show that the economy created 110K fresh jobs, lower than 172K in May. The Unemployment Rate remains steady at 4.3%.
Currently, the CME FedWatch tool shows that traders see an almost 80% chance that the central bank will deliver at least one interest rate hike this year.
In Tuesday’s session, investors will focus on the US JOLTS Job Openings data for May, which will be published at 14:00 GMT. The data is expected to show that employers posted 7.3 million fresh jobs, lower than 7.618 million in April.
US Dollar Index technical analysis
The Dollar Index Spot trades higher at around 101.41 at press time. The near-term bias is bullish as price holds above the 20-period exponential moving average (EMA) at 100.56, keeping the short-term trend supported after the recent push higher. The Relative Strength Index (RSI) at 67.83 sits just below overbought territory, suggesting strong but potentially stretched upside momentum as the index consolidates near recent highs.
On the downside, immediate support is seen at the 20-day EMA around 100.56, which guards the latest breakout zone and reinforces the constructive bias while price remains above it. Looking up, the 12 May 2025 high at around 102.00 is the key resistance zone; above that it could rise towards 103.00.
Comments
Log in or sign up to join the conversation.