Forex News
Brown Brothers Harriman’s (BBH) Elias Haddad notes that renewed US–Iran tensions have lifted the Dollar, Oil and global bond yields, with a restrictive Federal Reserve (Fed) backdrop seen as supportive for further Dollar strength. Haddad highlights stabilizing US labor market signals from April JOLTS and focuses on upcoming ADP, ISM services and Beige Book releases for confirmation of the macro narrative.
Dollar supported by data and geopolitics
"US and Iran traded blows again overnight raising doubts about any imminent deal to end the Strait of Hormuz blockade. Crude oil prices extended yesterday’s gains, global bond yields are firmer, and USD is up against most major currencies. The US macro backdrop that backs a more restrictive Fed policy can drive USD higher."
"The April JOLTS remained consistent with a stabilizing US labor market. The hiring rate fell from a two-year high of 3.5% in March to 3.2% in April. But the outlook for labor demand has improved as the job opening rate surged 0.4ppt to 4.6% in April, matching the November 2024 high."
"Today, the spotlight is on the May ADP employment report and ISM services index. The Fed Beige Book will offer fresh anecdotal insights on US economic activity."
"ADP private payrolls print is expected at +120k vs. +109k in April. For reference, the ADP weekly employment preliminary estimate showed private employers added an average of +35.75k jobs a week for the four weeks ending May 9."
"The ISM services index is expected to improve 0.2ppt to 53.8 driven by a slower contraction in employment. The Prices Paid sub-index is seen rising 1.6ppt to 72.3, the highest since August 2022, and indicative of upside risk to inflation."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
European Central Bank (ECB) Vice-Chair of the Supervisory Board Frank Elderson said during the European trading session on Wednesday that the balance of risks has clearly deteriorated due to Middle East conflicts.
Additional remarks
Longer war increases likelihood of second-round effects.
I don't see second-round effects yet.
Market reaction
No significant impact on the Euro (EUR), following ECB Elderson's comments. As of writing, EUR/USD trades 0.1% lower to near 1.1620.
ECB FAQs
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a stronger Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
In extreme situations, the European Central Bank can enact a policy tool called Quantitative Easing. QE is the process by which the ECB prints Euros and uses them to buy assets – usually government or corporate bonds – from banks and other financial institutions. QE usually results in a weaker Euro. QE is a last resort when simply lowering interest rates is unlikely to achieve the objective of price stability. The ECB used it during the Great Financial Crisis in 2009-11, in 2015 when inflation remained stubbornly low, as well as during the covid pandemic.
Quantitative tightening (QT) is the reverse of QE. It is undertaken after QE when an economic recovery is underway and inflation starts rising. Whilst in QE the European Central Bank (ECB) purchases government and corporate bonds from financial institutions to provide them with liquidity, in QT the ECB stops buying more bonds, and stops reinvesting the principal maturing on the bonds it already holds. It is usually positive (or bullish) for the Euro.
- The US ISM Services PMI is expected to tick higher in May, up from the 53.6 posted in April.
- Investors will pay attention to the Prices Paid and Employment subindexes ahead of the Fed meeting.
- EUR/USD is in a wait-and-see mode ahead of data, war headlines.
The Institute for Supply Management (ISM) is scheduled to release the May Services Purchasing Managers Index (PMI) on Wednesday. Market participants anticipate a modest improvement, with the index forecast at 53.8, up from 53.6 in April.
The index is a trusted measure of the health of the United States (US) services sector, closely followed by market participants. It is based on a survey conducted by ISM among companies across the US and revolves around the 50 threshold: a reading above it indicates expansion, while a reading below it indicates contraction.
What to expect from the ISM Services PMI report?
The April ISM report showed that economic activity in the services sector remained in expansion territory for the 22nd consecutive month, yet eased from the 54.0 posted in March. Reading employment, “activity in the services sector remained in contraction in April for a second month in a row. The Employment Index registered 48, up from the March figure of 45.2,” while below its 12-month average of 48.6.
The Prices Paid Index, which is directly linked to inflation, registered 70.7, unchanged from March, raising its 12-month average from 67.2 to 67.7, the highest average reading since May 2023.
“There were several comments from respondents stating that they have yet to see petroleum price increases impacting petroleum-related products, so we expect to see continued elevated readings for the Prices Index for several months — regardless of when the conflict in Iran ends — due to these costs working their ways through global supply chains,” the official report adds.
The Employment and Prices Paid indexes are relevant, as they provide early clues on data that shape the Federal Reserve’s (Fed) monetary policy path. The central bank features a new Chair, Kevin Warsh, who will preside over his first monetary policy meeting in mid-June. Warsh was selected by US President Donald Trump to serve as Chair, aiming for a more “friendly” Chair who would not oppose his desire for lower interest rates.
President Trump, however, is also responsible for the ongoing war in Iran, which has brought back inflationary pressure, making it difficult for the Fed to cut interest rates. Quite the opposite: speculative interest keeps betting on potential interest rate hikes before the year is over as inflation is nearly double the central bank’s 2% goal.
The Personal Consumption Expenditures (PCE) Price Index, the Fed’s favorite inflation gauge, climbed to 3.8% YoY in April from 3.5% YoY in March, as expected. The core annual PCE Price Index, which excludes volatile food and energy prices, rose 3.3%, also meeting the market’s expectations.
Additionally, the US will release the May Nonfarm Payrolls (NFP) report on Friday, and the employment sub-component from the ISM Service PMI could provide clues on how hiring performed in May.
The headline reading will trigger the initial market reaction. As previously mentioned, a reading above the 50 threshold will be considered positive, although the US Dollar (USD) would surge on a better-than-anticipated outcome, as it would signal economic progress and increase the odds of an upcoming interest rate hike.
A reading above 50 yet below expectations could have a modest negative impact on the Greenback. A surprise reading below the critical threshold, however, will fuel concerns about US economic growth and put the USD under selling pressure.
When will the ISM Services PMI report be released and how could it affect EUR/USD?
The ISM Services PMI report is scheduled for release at 14:00 GMT on Wednesday. Ahead of the release, the US Dollar (USD) is under modest selling pressure, pretty much stable as market participants await news from the Iran war front. Hopes for an agreement are slowly fading as tensions between Israel and Lebanon have interrupted talks between the US and Iran to reach a Memorandum of Understanding (MOU).
Valeria Bednarik, FXStreet Chief Analyst, notes: “The EUR/USD pair trades at around 1.1640, little changed on a weekly basis, holding on to familiar levels. The technical picture for the pair is bearish, though directional momentum is lacking. In the daily chart, the pair develops below all its moving averages, which, anyway, are pretty much directionless and confined to a 40-pip range. At the same time, technical indicators head nowhere below their midlines, reflecting directional uncertainty.”
Bednarik adds: “The war is still the main market driver, although the ISM report could introduce some near-term action. As previously noted, an upbeat report should boost demand for the Greenback and send EUR/USD toward its recent lows in the 1.1580 region. If war-related headlines, in the meantime, trigger risk-aversion, the pair could extend its slump toward the 1.1530 price zone. The opposite case is also valid, with a discouraging ISM Services PMI outcome pushing EUR/USD higher, toward the 100-day SMA at around 1.1690. Finally, a discouraging report alongside renewed hopes for a war ending can push the pair up to 1.1740 and beyond.”
Economic Indicator
ISM Services Prices Paid
The ISM Non-Manufacturing PMI released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector, taking into account expectations for future production, new orders, inventories, employment and deliveries. It is a significant indicator of the overall economic condition in the US. The ISM Prices Paid represents business sentiment regarding future inflation. A high reading is seen as positive for the USD, while a low reading is seen as negative.
Read more.Next release: Wed Jun 03, 2026 14:00
Frequency: Monthly
Consensus: -
Previous: 70.7
Source: Institute for Supply Management
Employment FAQs
Labor market conditions are a key element to assess the health of an economy and thus a key driver for currency valuation. High employment, or low unemployment, has positive implications for consumer spending and thus economic growth, boosting the value of the local currency. Moreover, a very tight labor market – a situation in which there is a shortage of workers to fill open positions – can also have implications on inflation levels and thus monetary policy as low labor supply and high demand leads to higher wages.
The pace at which salaries are growing in an economy is key for policymakers. High wage growth means that households have more money to spend, usually leading to price increases in consumer goods. In contrast to more volatile sources of inflation such as energy prices, wage growth is seen as a key component of underlying and persisting inflation as salary increases are unlikely to be undone. Central banks around the world pay close attention to wage growth data when deciding on monetary policy.
The weight that each central bank assigns to labor market conditions depends on its objectives. Some central banks explicitly have mandates related to the labor market beyond controlling inflation levels. The US Federal Reserve (Fed), for example, has the dual mandate of promoting maximum employment and stable prices. Meanwhile, the European Central Bank’s (ECB) sole mandate is to keep inflation under control. Still, and despite whatever mandates they have, labor market conditions are an important factor for policymakers given its significance as a gauge of the health of the economy and their direct relationship to inflation.
- EUR/USD resumes its downtrend and tests support at 1.1600.
- US and Iran exchange attacks, and Oil rises, crushing risk appetite.
- Below 1.1600, bears are likely to target the bottom of the last two weeks' trading range at 1.1570.
The Euro (EUR) resumed its downtrend against a stronger US Dollar (USD) on Wednesday, with bears testing support at the 1.1600 level. Market concerns of a full-blown war in the Middle East have increased, following hostilities in the Middle East, pushing Oil prices higher and crushing investors' appetite for risk.
Market sentiment soured on Wednesday amid reports of US attacks on Iran and Iranian missile and drone strikes on Kuwait and Bahrain that are testing the limits of a fragile ceasefire. Apart from that, Al Jazeera news agency has reported an Israeli attack on the outskirts of Beirut, adding gasoline to the fire.
Against this background, the upward revisions of the final HCOB Services Purchasing Managers’ Index (PMI) and the high Producer Prices Index (PPI) released in the Eurozone on Wednesday have gone practically unnoticed. In the US, ADP Employment and the ISM Services PMI will gather some attention later on the day. Earlier in the week, bright JOLTS Job Openings and manufacturing activity data contributed to boost hopes of a Federal Reserve (Fed) rate hike before year-end, providing additional support for the USD-.
Technical Analysis: Key support is at 1.1570
EUR/USD trades at 1.1615 amid a negative near-term tone, with bears eyeing the 1.1600 support area. The pair remains trading within the last two weeks' range with momentum indicators reinforcing the soft bias. The 4-hour Relative Strength Index (RSI) is lingering just below the 50 line, and the Moving Average Convergence Divergence (MACD) shows growing bearish pressure.
A confirmation below the 1.1600 area, which contained downside attempts on Monday, and is holding bears so far on Wednesday, would bring the bottom of the range, at the 1.1570 level (May 21 low), back to the focus. Further down, April's bottom at the 1.1505-1.1525 area emerges as the next target.
On the topside, the 1.1660 area has been capping upside attempts since mid-May and is likely to test potential bullish reversals. Above that level, the next targets are the May 14 high, at 1.1720, and May's peak, in the 1.1790 area.
(The technical analysis of this story was written with the help of an AI tool.)
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.14% | 0.13% | -0.08% | 0.08% | 0.14% | 0.47% | 0.25% | |
| EUR | -0.14% | -0.02% | -0.20% | -0.06% | -0.00% | 0.34% | 0.12% | |
| GBP | -0.13% | 0.02% | -0.17% | -0.06% | 0.00% | 0.33% | 0.13% | |
| JPY | 0.08% | 0.20% | 0.17% | 0.12% | 0.18% | 0.48% | 0.30% | |
| CAD | -0.08% | 0.06% | 0.06% | -0.12% | 0.06% | 0.40% | 0.18% | |
| AUD | -0.14% | 0.00% | -0.01% | -0.18% | -0.06% | 0.32% | 0.10% | |
| NZD | -0.47% | -0.34% | -0.33% | -0.48% | -0.40% | -0.32% | -0.20% | |
| CHF | -0.25% | -0.12% | -0.13% | -0.30% | -0.18% | -0.10% | 0.20% |
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 Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
- A Reuters poll shows that a large majority of economists expect the ECB to raise its deposit rate in June.
- Expectations for further monetary tightening this year have strengthened compared to the previous survey.
- A significant share of economists believe the risk of stagflation remains high in the Eurozone this year.
The European Central Bank (ECB) could tighten monetary policy sooner than previously expected, according to the latest Reuters poll of economists.
The survey showed that 74 out of 80 economists expect the ECB to raise its deposit rate to 2.25% at its June 11 meeting, up from 59 out of 70 economists in the May survey. The shift highlights a growing consensus in favor of tighter monetary policy as inflation risks remain persistent.
Expectations for the rest of the year have also become more hawkish. Reuters reported that 49 out of 80 economists now forecast two additional rate hikes in 2026, compared with 34 out of 70 in the previous poll.
Among the economists surveyed, 28 out of 42 said the risk of stagflation this year is high, a scenario characterized by weak economic growth alongside persistent inflation. Such a combination could further complicate monetary policy decisions for the European Central Bank in the coming months.
Market reaction
The Euro reacted modestly to the Reuters poll, but the market impact remains limited as investors had already largely priced in an ECB rate hike in June. EUR/USD trades around 1.1620 on Wednesday at the time of writing, down 0.11% on the day, suggesting that the survey has done little to alter the broader market outlook for ECB policy.
ECB FAQs
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a stronger Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
In extreme situations, the European Central Bank can enact a policy tool called Quantitative Easing. QE is the process by which the ECB prints Euros and uses them to buy assets – usually government or corporate bonds – from banks and other financial institutions. QE usually results in a weaker Euro. QE is a last resort when simply lowering interest rates is unlikely to achieve the objective of price stability. The ECB used it during the Great Financial Crisis in 2009-11, in 2015 when inflation remained stubbornly low, as well as during the covid pandemic.
Quantitative tightening (QT) is the reverse of QE. It is undertaken after QE when an economic recovery is underway and inflation starts rising. Whilst in QE the European Central Bank (ECB) purchases government and corporate bonds from financial institutions to provide them with liquidity, in QT the ECB stops buying more bonds, and stops reinvesting the principal maturing on the bonds it already holds. It is usually positive (or bullish) for the Euro.
In a podcast interview on Wednesday, US President Donald Trump said that “Iran has agreed they will not have a nuclear weapon.”
Additional quotes
Iran's Ayatollah is involved in negotiations with the US.
They say ayatollah is giving approval in talks.
Will probably meet with Iran's Ayatollah at some point.
The Iran situation is rapidly evolving, will be very good.
Market reaction
The US Dollar Index (DXY) is holding ground near 99.35 following the above comments, up 0.13% on the day.
Risk sentiment FAQs
In the world of financial jargon the two widely used terms “risk-on” and “risk off'' refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest.
Typically, during periods of “risk-on”, stock markets will rise, most commodities – except Gold – will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up – especially major government Bonds – Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit.
The Australian Dollar (AUD), the Canadian Dollar (CAD), the New Zealand Dollar (NZD) and minor FX like the Ruble (RUB) and the South African Rand (ZAR), all tend to rise in markets that are “risk-on”. This is because the economies of these currencies are heavily reliant on commodity exports for growth, and commodities tend to rise in price during risk-on periods. This is because investors foresee greater demand for raw materials in the future due to heightened economic activity.
The major currencies that tend to rise during periods of “risk-off” are the US Dollar (USD), the Japanese Yen (JPY) and the Swiss Franc (CHF). The US Dollar, because it is the world’s reserve currency, and because in times of crisis investors buy US government debt, which is seen as safe because the largest economy in the world is unlikely to default. The Yen, from increased demand for Japanese government bonds, because a high proportion are held by domestic investors who are unlikely to dump them – even in a crisis. The Swiss Franc, because strict Swiss banking laws offer investors enhanced capital protection.
Rabobank’s Senior FX Strategist Jane Foley discusses USD/JPY’s sharp pullback after comments from PM Takaichi and Bank of Japan (BoJ) Governor Ueda. Foley highlights renewed FX intervention risks, a still-firm US Dollar (USD) and speculation over a June BoJ rate hike. Rabobank maintains a 6‑month forecast for USD/JPY at 155, assuming progressive BoJ tightening this year.
Make or break near 160 against US Dollar
"USD/JPY dropped back sharply this morning as PM Takaichi spoke in parliament. She commented that her government will deepen international cooperation on foreign exchange, including with the US. She also stated that the government will take appropriate steps on FX as needed at any time, which sharpened fears that another round of FX intervention could be imminent."
"Despite this, USD/JPY has returned to within a whisker of the psychologically important 160 level this week. The firmer tone of the USD partly explains the move."
"This was widely expected to either make or break speculation of a June 16 BoJ rate hike and Ueda’s hawkish takeaways today will likely help keep USD/JPY from breaching the 160 level in the immediate term. Rabo’s forecast of a move back to USD/JPY 155 on a 6-month view assumes progressive policy tightening by the BoJ this year."
"For this reason, we expect that in order to afford the JPY decent support that Ueda will likely have to strengthen expectations of another rate hike this year, even if a June move is forthcoming."
"Given market expectations that the Fed could remove its easing bias, the BoJ and the MoF could struggle to hold USD/JPY below the 160 in the coming weeks. This predicament suggests that the Japanese government is likely to continue to threaten further FX intervention."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Swiss National Bank (SNB) Chairman Martin Schlegel said during the European trading session on Wednesday that the central bank has increased its readiness to intervene in the Forex market. Schlegel delivered similar comments on Tuesday, saying, “SNB raises readiness to intervene against Swiss Franc’s (CHF) appreciation.”
Additional remarks
Global economic growth may temporarily somewhat slow, uncertainty clearly higher.
Hotel industry remains price competitive despite rise in Swiss Franc.
Mid-term inflation pressure has hardly changed in Switzerland.
Market reaction
The Swiss Franc appears not to have reacted to SNB Schlegel's comments. The reasoning could be that they are similar to what he said on Tuesday. As of writing, USD/CHF trades 0.25% higher to near 0.7895 due to a strengthening US Dollar (USD).
SNB FAQs
The Swiss National Bank (SNB) is the country’s central bank. As an independent central bank, its mandate is to ensure price stability in the medium and long term. To ensure price stability, the SNB aims to maintain appropriate monetary conditions, which are determined by the interest rate level and exchange rates. For the SNB, price stability means a rise in the Swiss Consumer Price Index (CPI) of less than 2% per year.
The Swiss National Bank (SNB) Governing Board decides the appropriate level of its policy rate according to its price stability objective. When inflation is above target or forecasted to be above target in the foreseeable future, the bank will attempt to tame excessive price growth by raising its policy rate. Higher interest rates are generally positive for the Swiss Franc (CHF) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken CHF.
Yes. The Swiss National Bank (SNB) has regularly intervened in the foreign exchange market in order to avoid the Swiss Franc (CHF) appreciating too much against other currencies. A strong CHF hurts the competitiveness of the country’s powerful export sector. Between 2011 and 2015, the SNB implemented a peg to the Euro to limit the CHF advance against it. The bank intervenes in the market using its hefty foreign exchange reserves, usually by buying foreign currencies such as the US Dollar or the Euro. During episodes of high inflation, particularly due to energy, the SNB refrains from intervening markets as a strong CHF makes energy imports cheaper, cushioning the price shock for Swiss households and businesses.
The SNB meets once a quarter – in March, June, September and December – to conduct its monetary policy assessment. Each of these assessments results in a monetary policy decision and the publication of a medium-term inflation forecast.
- PMI surveys for May were revised higher on both sides of the Channel but still point to slowing economic activity.
- Expectations for tighter monetary policy remain in place for both the ECB and the BoE.
- EUR/GBP trades around 0.8635 on Wednesday, showing little change throughout the day.
EUR/GBP trades around 0.8635 on Wednesday at the time of writing, with limited movement on the day as investors assess a fresh batch of revised macroeconomic data from the Eurozone and the United Kingdom (UK).
The currency pair remains broadly stable despite upward revisions to May Purchasing Managers Index (PMI) data in the Eurozone. The HCOB Services PMI was revised to 47.7 from an initial reading of 46.4, while the Composite PMI was lifted to 48.5 from the preliminary estimate of 47.5. The figure indicates a less severe contraction in private sector activity than previously estimated, although it confirms the fastest contraction since November 2024.
At the same time, inflation-related data continue to support expectations of a more restrictive monetary policy stance. Eurozone Producer Price Index (PPI) data showed prices rising 0.6% MoM in April after a 3.4% increase in March, exceeding market expectations. On an annual basis, producer prices accelerated by 4.9%, up from a revised 2% in the previous month. On Tuesday, the Eurozone core Harmonized Index of Consumer Prices (HICP) rose 2.5% YoY in May, up from 2.2% in April and above expectations of 2.4%.
Against this backdrop, several European Central Bank (ECB) policymakers have maintained a hawkish tone. ECB’s Olli Rehn stated that a June rate increase could be viewed as an insurance move against inflation risks, while ECB’s Gediminas Simkus stressed the need to act promptly to prevent price pressures from becoming entrenched. ECB’s Pierre Wunsch also argued that the case for tighter monetary policy remains intact.
In the United Kingdom, PMI data were also revised higher. The S&P Global UK Services PMI was revised up to 49.3 from a preliminary estimate of 47.9, while the Composite PMI improved to 49.7 from an initial reading of 48.5. Despite the upward revisions, both indicators remained below the 50 threshold, signaling the first contraction in business activity in more than a year.
Comments from Bank of England (BoE) officials have nevertheless provided support to the British Pound (GBP). BoE policymaker Megan Greene said she sees a growing case for further rate increases, adding that the speed of the response is just as important as its size. Earlier, BoE Governor Andrew Bailey reiterated the central bank’s commitment to bringing inflation back to its 2% target.
The balance between persistent hawkish expectations for both the European Central Bank and the Bank of England is limiting directional moves in EUR/GBP, leaving the pair confined to a narrow range.
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.18% | 0.15% | -0.08% | 0.13% | 0.24% | 0.54% | 0.28% | |
| EUR | -0.18% | -0.05% | -0.26% | -0.05% | 0.06% | 0.34% | 0.11% | |
| GBP | -0.15% | 0.05% | -0.21% | -0.02% | 0.09% | 0.38% | 0.15% | |
| JPY | 0.08% | 0.26% | 0.21% | 0.18% | 0.29% | 0.55% | 0.34% | |
| CAD | -0.13% | 0.05% | 0.02% | -0.18% | 0.11% | 0.40% | 0.16% | |
| AUD | -0.24% | -0.06% | -0.09% | -0.29% | -0.11% | 0.29% | 0.03% | |
| NZD | -0.54% | -0.34% | -0.38% | -0.55% | -0.40% | -0.29% | -0.23% | |
| CHF | -0.28% | -0.11% | -0.15% | -0.34% | -0.16% | -0.03% | 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 Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
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