Forex News
- The Indian Rupee ticks up against the US Dollar; the outlook remains fragile.
- Higher oil prices and FIIs selling are expected to dampen the Indian Rupee’s recovery.
- The US NFP data will be the key trigger for the US Dollar in Friday's North American trade.
The Indian Rupee (INR) trades higher against the US Dollar (USD) during afternoon trading hours in India on Friday. The USD/INR pair drops to near 92.00 as the Indian Rupee holds support provided by the Reserve Bank of India's (RBI) intervention in the foreign exchange market against excessive one-way moves on Thursday.
On Thursday, the RBI intervened to support the domestic currency after it posted a fresh all-time low against the US Dollar at 92.67 on Wednesday.
The outlook of the Indian Rupee remains grim as oil prices have increased further amid the war in the Middle East involving the United States (US), Israel, and Iran, and the continuous outflow of foreign funds from the Indian stock market.
During the press time, WTI oil price trades firmly near its fresh 18-month high above $80.00 posted on Thursday. The oil price has rallied significantly as heightened military activities near the Strait of Hormuz, as part of Iran’s retaliation against the US for killing their Supreme Leader Ayatollah Ali Khamenei, have choked the global supply.
Currencies from nations like India that rely heavily on oil imports to fulfill their energy needs remain highly sensitive to changes in oil prices.
Meanwhile, the Indian economy is unlikely to face any oil supply shortage as the US has allowed India to buy crude oil from Russia for a month amid the Iran conflict.
On the foreign investment front, Foreign Institutional Investors (FIIs) have remained net sellers in all three trading days of March, and have offloaded their stake worth Rs. 15,800.81 crore, according to data from NSE.
As of writing, the US Dollar (USD) trades with slight caution ahead of the US Nonfarm Payrolls (NFP) data for February, which will be published at 13:30 GMT. Investors will closely monitor the US NFP data to get meaningful cues on the current state of employment. The data will also have a significant impact on the US interest rate outlook.
The US NFP report is expected to show that the economy created 59K fresh jobs, significantly lower than the 130K in January. The Unemployment Rate is seen steady at 4.3%.
The speculation for the Federal Reserve (Fed) reducing interest rates in the July meeting has weakened, following the release of the upbeat ADP Employment data on Wednesday.
According to the CME FedWatch tool, the odds of the Fed holding interest rates steady in the July policy meeting have increased to 47.4% from 33.4% seen a week before.
Technical Analysis: USD/INR corrects from all-time high of 92.70
-1772772787564-1772772787572.png)
USD/INR ticks down to near 92.00 as of writing. The pair maintains a bullish near-term bias as price holds above the rising 20-day Exponential Moving Average near 91.43, confirming a positive short-term trend structure after the recent breakout from the 91.25–91.30 area.
Momentum conditions back this view, with the 14-day Relative Strength Index (RSI) staying above 60.00, even after retracing from the overbought zone, suggesting ongoing buying pressure rather than a completed exhaustion phase.
Immediate support emerges at 91.40–91.45, defined by the 20-day EMA, with a deeper pullback exposing secondary support at 91.00. Below that, the prior reaction low near 90.60 acts as a more distant floor that would need to hold to preserve the broader upswing. On the upside, the key resistance level is the all-time high of 92.67, and a daily close above this level would open the way toward the 93.00 region as the next bullish target.
(The technical analysis of this story was written with the help of an AI tool.)
Deutsche Bank highlights that markets now assign a clear probability to an ECB rate hike by December 2026 as Oil prices surge. The report notes that pricing has flipped from expecting a cut just a week earlier, while ECB officials including Villeroy and de Guindos acknowledge that an extended war could alter the policy stance.
Market shifts from cuts to possible hike
"With oil prices continuing to rise, investors grew more doubtful about central bank rate cuts this year, with the prospect of hikes even coming into view."
"That was particularly clear for the ECB, where a hike by December moved up to a 63% chance by the close, which is the first time in 2026 that it’s been above 50%."
"A 55% probability of a cut was priced in as recently as last Friday."
"Meanwhile, ECB officials struck a watchful tone over the situation, with Banque de France Governor Villeroy saying he didn’t see any reason today to raise rates, while ECB Vice President de Guindos said an extended war could raise inflation expectations and prompt a change in the policy stance."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
- Nonfarm Payrolls are expected to rise by 59K in February.
- The Unemployment Rate is seen holding steady at 4.3%.
- Employment data could lift volatility further while investors navigate through the Middle East crisis.
The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for February at 13:30 GMT.
Volatility around the US Dollar (USD) will likely ramp up on the employment report, with investors looking for fresh insights on the US Federal Reserve’s (Fed) path forward on interest rates, especially after the crisis in the Middle East revived concerns over rising inflation.
What to expect from the next Nonfarm Payrolls report?
Investors expect NFP to rise by 59K following the impressive 130K increase recorded in January. The Unemployment Rate is expected to remain unchanged at 4.3%, while the annual wage inflation, as measured by the change in the Average Hourly Earnings, is projected to hold steady at 3.7%.
Previewing the employment report, TD Securities analysts note that they expect job gains to moderate to 90K in February.
“The moderation should be led by healthcare after it posted unusually strong gains last month. Private payrolls likely saw a 100k gain while government likely declined 10k. We also look for the Unemployment Rate to stay at 4.3%, while we flag the risk of an increase to 4.4%. Average Hourly Earnings likely moderated to 0.2% m/m (3.7% y/y),” they add.
Recent employment-related data releases from the US hinted at relatively healthy labor market conditions in February. The Employment Index of the Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) survey edged higher to 48.8 from 48.1 in January (although still in contraction), while the Automatic Data Processing (ADP) reported that employment in the private sector rose 63K, surpassing the market expectation of 50K. Finally, the Employment Index of the ISM Services PMI survey rose to 51.8 from 50.3, reflecting an acceleration in job creation in the key service sector.
How will the US February Nonfarm Payrolls affect EUR/USD?
The USD has capitalized on safe-haven flows and started the month on a firm footing after the US and Israel carried out a joint attack against Iran, causing EUR/USD to come under heavy bearish pressure.
Earlier in the week, the US Senate rejected a resolution that is designed to force US President Donald Trump to seek congressional approval for further military action against Iran. Additionally, CNN reported that a top US official said that the US will start attacking deeper into Iran, noting that the operation is still in its early days.
From a monetary policy perspective, investors are keeping a close eye on the impact of the Middle East crisis on energy prices and how that could alter the inflation outlook. According to the CME FedWatch Tool, the probability of the Federal Reserve (Fed) leaving the policy rate unchanged in the next three meetings climbed to nearly 70% from about 50% before the US-Iran war started.
While speaking at the Bloomberg Invest Conference earlier in the week, Neel Kashkari, President of the Federal Reserve (Fed) Bank of Minneapolis, said that it is too soon to know how the Iran war will affect inflation, but acknowledged that it could have an impact on monetary policy.
In case NFP comes in at 70K or higher, and the Unemployment Rate remains steady at 4.3% as forecast, markets could assess the employment data as “good enough” for the Fed to continue to delay interest-rate cuts until the second half of the year. In this scenario, the USD could continue to gather strength and trigger another leg lower in EUR/USD.
On the other hand, a significant downside surprise in NFP, a reading at or below 30K, combined with an increase in the Unemployment Rate, would be required for investors to lean back toward a rate cut in June.
Still, the USD’s losses could remain limited in this case unless there is a de-escalation of the conflict in the Middle East. The most bearish scenario for the USD, fueling a decisive rebound in EUR/USD, would be a combination of a sharp correction in Crude Oil prices with the naval activity in the Strait of Hormuz returning to normal, and an employment report that highlights worsening labor market conditions.
Societe Generale analysts note that they expect a solid NFP print after “four out of four US labour market anecdotes surprised to the upside.”
"Under the current circumstances, it’s a stretch to conclude that good data is reassuring and therefore bullish for risk assets and currencies (bearish dollar),” they add. "We assume that a 30K-70K employment gain should not move the dial and it’s where oil and natural gas prices close the week that we think will govern the price action."
Eren Sengezer, European Session Lead Analyst at FXStreet, offers a brief technical outlook for EUR/USD:
“There is a clear bearish tilt in EUR/USD’s short-term outlook. The pair made a daily close below the 200-day Simple Moving Average (SMA) for the first time in a year and the Relative Strength Index (RSI) dropped below 40.”
“1.1500 (static level, round level) aligns as first significant support ahead of 1.1400 (static level, round level) and 1.1300-1.1290 (round level, static level). On the upside, a strong resistance area seems to have formed at 1.1670-1.1700 (200-day SMA, 100-day SMA). The pair would need to clear that hurdle and stabilize to attract technical buyers. In this case, the 50-day SMA could act as the next resistance at 1.1770.”
US Dollar FAQs
The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away.
The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.
In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar.
Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.
- Gold rises but heads for a weekly loss as traders trim bets on Fed rate cuts.
- Dollar-denominated Gold holds gains as the US Dollar weakens despite a cautious Fed policy outlook.
- Iran war entered its seventh day as Tehran launched missiles and drones across the Gulf, while Israel struck Tehran.
Gold price (XAU/USD) recovers its recent losses from the previous session on Friday. The yellow metal advances as the broader precious metals market rebounds on safe-haven demand. However, the yellow metal is on track for its first weekly decline in five weeks as escalating Middle East tensions push oil prices higher, fueling inflation concerns and reducing bets on Federal Reserve rate cuts.
The dollar-denominated Gold holds gains as the US Dollar (USD) remains subdued after registering modest gains in the previous session. However, the Greenback may regain its ground as Federal Reserve (Fed) officials continue to consider the possibility of further rate hikes if inflation remains above target. It is worth noting that a weaker US Dollar makes the precious metal cheaper for buyers with foreign currencies, boosting demand.
The US-Israeli conflict with Iran entered its seventh day, with Iran launching missiles and drones across the Gulf on Thursday, striking an oil refinery in Bahrain, while Israel continued airstrikes on Tehran, and the US suspended operations at its embassy in Kuwait.
US President Donald Trump said that Iranian officials reached out to him in an attempt to reach an agreement to end the war, but he insisted it was too late and that the US is pushing to destroy Iran.
Iranian Foreign Minister Abbas Araghchi said Tehran has not sought a ceasefire and has no intention of negotiating, while Iran’s Islamic Revolutionary Guard Corps warned that retaliatory strikes would intensify in the coming days.
Traders await US labor data, including US Nonfarm Payrolls (NFP), where consensus expectations are around 59K for February, following January’s above-trend reading of 130K. Additionally, Retail Sales are expected to fall 0.3% month-over-month in January, after a flat reading in the previous month.
The US is also set to introduce a temporary 15% global tariff this week, replacing the 10% rate enacted after the Supreme Court of the United States struck down most of the earlier levies imposed by Donald Trump. Scott Bessent said the tariff could revert to previous levels within five months as new trade investigations move forward.
Gold holds gains above $5,100 amid bullish bias
Gold price (XAU/USD) is trading around $5,110 at the time of writing. The technical analysis of the daily chart suggests an ongoing bullish bias as the metal price remains within the ascending channel pattern.
The near-term bias is mildly bullish as price holds above the rising 50-day Exponential Moving Average (EMA) and continues to respect the cluster of recent highs rather than extending the prior correction. The nine-day EMA flattens just above the spot, indicating moderating but still bearish short-term momentum. Additionally, the 14-day Relative Strength Index (RSI) at 53 stays above its midline, showing underlying buying pressure remains intact.
The XAU/USD pair is testing the immediate barrier at the nine-day EMA of $5,134. A break above the short-term average and support the pair to approach the upper boundary of the ascending channel at $5,480, followed by the all-time high of $5,598, reached on January 29. On the downside, the initial support lies at the lower boundary of the channel at $5,080. A break below the channel would expose the 50-day EMA at $4,883.
(The technical analysis of this story was written with the help of an AI tool.)
Gold FAQs
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
People’s Bank of China (PBoC) Governor Pan Gongsheng said during European trading hours on Friday that monetary policy adjustments will be based on economic operations.
Remarks
Social financing conditions are at loose conditions now.
Central bank will implement appropriately monetary policy this year.
Will flexibly use various monetary policy tools including interest rates, RRR cuts.
Will guide adjustments in interest rate levels based economic operations.
Structural policy tools will docus on expanding domestic demand, tech innovation.
Will curb involution-style competition in some industries.
China has no intention to, not necessary to use exchange rate to gain trade competitiveness.
US, Israeli attacks on Iran led to spike in risk aversion in global markets.
Volatility in currencies have limited impact on over 60% of China's foreign trade.
Will enrich monetary policy toolbox.
Will continue to conduct treasury bond buying and selling operations.
Will improve monetary policy transmission, transparency.
Market reaction
PBoC Pan's comments appear to have negatively impacted the Chinese Yuan (CNH). USD/CNH seems to have attracted slight bids after posting an intraday low at 6.8965.
PBOC FAQs
The primary monetary policy objectives of the People's Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market.
The PBoC is owned by the state of the People's Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party (CCP) Committee Secretary, nominated by the Chairman of the State Council, has a key influence on the PBoC’s management and direction, not the governor. However, Mr. Pan Gongsheng currently holds both of these posts.
Unlike the Western economies, the PBoC uses a broader set of monetary policy instruments to achieve its objectives. The primary tools include a seven-day Reverse Repo Rate (RRR), Medium-term Lending Facility (MLF), foreign exchange interventions and Reserve Requirement Ratio (RRR). However, The Loan Prime Rate (LPR) is China’s benchmark interest rate. Changes to the LPR directly influence the rates that need to be paid in the market for loans and mortgages and the interest paid on savings. By changing the LPR, China’s central bank can also influence the exchange rates of the Chinese Renminbi.
Yes, China has 19 private banks – a small fraction of the financial system. The largest private banks are digital lenders WeBank and MYbank, which are backed by tech giants Tencent and Ant Group, per The Straits Times. In 2014, China allowed domestic lenders fully capitalized by private funds to operate in the state-dominated financial sector.
Here is what you need to know on Friday, March 6:
Market participants gear up for the release of the US February employment report on Friday, which will feature Nonfarm Payrolls (NFP), Unemployment Rate and wage inflation figures, while navigating through the headlines surrounding the Middle East crisis.
Following the Senate vote on Wednesday, the US House has rejected a measure to limit US President Donald Trump's ability to take further military action against Iran on Thursday. Meanwhile, US President Donald Trump said that Iranian officials reached out in an attempt to come to an agreement to end the war, but he insisted that it was too late. In response, Iranian Foreign Minister Abbas Araghchi told “NBC Nightly News” anchor Tom Llamas that Iran has not asked for a ceasefire and added that they have rejected negotiations with the US.
Crude oil prices rise for the fifth consecutive day on Friday and the barrel of West Texas Intermediate (WTI) was last seen trading above $80.50, gaining more than 2% on the day. On a weekly basis, the WTI is up nearly 20%. US Interior Secretary Doug Burgum said that the President Trump's administration is weighing a range of options for addressing the spike in oil and gasoline prices amid the war in Iran, Bloomberg reported earlier in the day.
The US Dollar (USD) Index closed in positive territory on Thursday as safe-haven flows continued to dominate the action in financial markets. Early Friday, the USD Index holds steady at around 99.00, while US stock index futures trade marginally higher on the day. In February, NFP is forecast to rise 59K following the impressive 130K increase recorded in January. In this period, the Unemployment Rate is seen holding steady at 4.3%.
US Dollar Price This week
The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 1.31% | 0.38% | 1.01% | 0.06% | 0.12% | 0.67% | 1.61% | |
| EUR | -1.31% | -0.93% | -0.33% | -1.24% | -1.18% | -0.63% | 0.29% | |
| GBP | -0.38% | 0.93% | 0.42% | -0.32% | -0.26% | 0.29% | 1.22% | |
| JPY | -1.01% | 0.33% | -0.42% | -0.89% | -0.83% | -0.23% | 0.63% | |
| CAD | -0.06% | 1.24% | 0.32% | 0.89% | 0.03% | 0.67% | 1.55% | |
| AUD | -0.12% | 1.18% | 0.26% | 0.83% | -0.03% | 0.55% | 1.49% | |
| NZD | -0.67% | 0.63% | -0.29% | 0.23% | -0.67% | -0.55% | 0.94% | |
| CHF | -1.61% | -0.29% | -1.22% | -0.63% | -1.55% | -1.49% | -0.94% |
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).
After posting marginal gains on Wednesday, Gold (XAU/USD) turned south on Thursday and lost more than 1% on a daily basis. XAU/USD rebounds early Friday and trades above $5,100.
EUR/USD stabilizes slightly above 1.1600 in the European morning on Friday after posting small losses on Thursday. Eurostat will publish revisions to the fourth-quarter Employment Change and Gross Domestic Product (GDP) data for the Eurozone.
Japan’s Finance Minister Satsuki Katayama said on Friday that the government is ready to take steps in timely fashion to combat the economic impact from Iran conflict, adding that Japan has not fully exited from deflation. Meanwhile, Bank of Japan (BoJ) Deputy Governor Himino reiterated that the central bank plans to gradually adjust the degree of monetary accommodation. USD/JPY stays in a consolidation phase above 157.50 after closing in the green on Thursday.
GBP/USD recovers modestly and trades above 1.3350 but remains in the lower half of its weekly range on Friday.
Nonfarm Payrolls FAQs
Nonfarm Payrolls (NFP) are part of the US Bureau of Labor Statistics monthly jobs report. The Nonfarm Payrolls component specifically measures the change in the number of people employed in the US during the previous month, excluding the farming industry.
The Nonfarm Payrolls figure can influence the decisions of the Federal Reserve by providing a measure of how successfully the Fed is meeting its mandate of fostering full employment and 2% inflation. A relatively high NFP figure means more people are in employment, earning more money and therefore probably spending more. A relatively low Nonfarm Payrolls’ result, on the either hand, could mean people are struggling to find work. The Fed will typically raise interest rates to combat high inflation triggered by low unemployment, and lower them to stimulate a stagnant labor market.
Nonfarm Payrolls generally have a positive correlation with the US Dollar. This means when payrolls’ figures come out higher-than-expected the USD tends to rally and vice versa when they are lower. NFPs influence the US Dollar by virtue of their impact on inflation, monetary policy expectations and interest rates. A higher NFP usually means the Federal Reserve will be more tight in its monetary policy, supporting the USD.
Nonfarm Payrolls are generally negatively-correlated with the price of Gold. This means a higher-than-expected payrolls’ figure will have a depressing effect on the Gold price and vice versa. Higher NFP generally has a positive effect on the value of the USD, and like most major commodities Gold is priced in US Dollars. If the USD gains in value, therefore, it requires less Dollars to buy an ounce of Gold. Also, higher interest rates (typically helped higher NFPs) also lessen the attractiveness of Gold as an investment compared to staying in cash, where the money will at least earn interest.
Nonfarm Payrolls is only one component within a bigger jobs report and it can be overshadowed by the other components. At times, when NFP come out higher-than-forecast, but the Average Weekly Earnings is lower than expected, the market has ignored the potentially inflationary effect of the headline result and interpreted the fall in earnings as deflationary. The Participation Rate and the Average Weekly Hours components can also influence the market reaction, but only in seldom events like the “Great Resignation” or the Global Financial Crisis.
- USD/JPY may test the rise toward the ascending channel’s upper boundary around 159.20.
- The 14-day Relative Strength Index moves into the low-60s, signaling strengthening bullish momentum.
- Initial support stands at the ascending channel’s lower boundary near 156.90.
USD/JPY extends its gains for the second successive session, trading around 157.60 during the European hours on Friday. On the daily chart, technical analysis indicates a persistent bullish bias as the pair remains within the ascending channel pattern.
The near-term bias is bullish as price extends its advance above both the short-term and medium-term Exponential Moving Averages (EMAs), with the nine-day EMA now tracking well above the 50-day average and reinforcing upside momentum.
The 14-day Relative Strength Index (RSI) has pushed into the low 60s, confirming strengthening bullish pressure without yet signalling overbought conditions, which keeps the focus on further gains while this configuration holds.
The USD/JPY pair may explore the region around the upper boundary of the ascending channel at 159.20, followed by 159.45, the highest since July 2024. A break above the latter would lead the pair to hit the all-time high of 162.00, recorded in July 2024.
The initial support lies at the lower boundary of the ascending channel around 156.90, aligned with the nine-day EMA at 156.82. Further declines below the short-term average would expose the medium-term average at 155.76.
A break below the 50-day EMA would cause the cause the emergence of a bearish bias and put downward pressure on the USD/JPY pair to navigate the area around the five-month low at 152.10.
(The technical analysis of this story was written with the help of an AI tool.)
Japanese Yen Price Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.10% | -0.09% | -0.02% | -0.13% | -0.47% | -0.22% | -0.18% | |
| EUR | 0.10% | 0.00% | 0.11% | -0.04% | -0.38% | -0.13% | -0.08% | |
| GBP | 0.09% | -0.01% | 0.11% | -0.05% | -0.39% | -0.14% | -0.09% | |
| JPY | 0.02% | -0.11% | -0.11% | -0.13% | -0.47% | -0.23% | -0.18% | |
| CAD | 0.13% | 0.04% | 0.05% | 0.13% | -0.35% | -0.10% | -0.04% | |
| AUD | 0.47% | 0.38% | 0.39% | 0.47% | 0.35% | 0.25% | 0.30% | |
| NZD | 0.22% | 0.13% | 0.14% | 0.23% | 0.10% | -0.25% | 0.05% | |
| CHF | 0.18% | 0.08% | 0.09% | 0.18% | 0.04% | -0.30% | -0.05% |
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 Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
Forex Market News
Our dedicated focus on forex news and insights empowers you to capitalise on investment opportunities in the dynamic FX market. The forex landscape is ever-evolving, characterised by continuous exchange rate fluctuations shaped by vast influential factors. From economic data releases to geopolitical developments, these events can sway market sentiment and drive substantial movements in currency valuations.
At Rakuten Securities Hong Kong, we prioritise delivering timely and accurate forex news updates sourced from reputable platforms like FXStreet. This ensures you stay informed about crucial market developments, enabling informed decision-making and proactive strategy adjustments. Whether you’re monitoring forex forecasts, analysing trading perspectives, or seeking to capitalise on emerging trends, our comprehensive approach equips you with the insights needed to navigate the FX market effectively.
Stay ahead with our comprehensive forex news coverage, designed to keep you informed and prepared to seize profitable opportunities in the dynamic world of forex trading.
