Forex News
Rabobank’s FX Strategy team notes the Dollar has recently been supported by both safe haven demand and shifting expectations for Federal Reserve policy. The bank highlights that improved prospects for a US–Iran peace deal and reopening of the Strait of Hormuz could reduce safe haven flows into the USD. However, a more hawkish-than-expected stance from new Fed Chair Warsh is currently underpinning the Dollar.
Safe haven flows versus Fed repricing
"Over the past few months, the USD has been driven both by safe haven flows and by a change in market expectations regarding Fed policy. Within a short space of time late yesterday both factors appeared to collide with the signing of the MoU by both the US and Iran coinciding fairly closely with the Fed’s policy meeting. This morning, the DXY dollar index is trading higher which may be signalling that the net impact of these divergent factors has been USD positive."
"The rise in the USD’s value at the start of the Iran war appeared to prove it remained a safe haven. These credentials have been up for debate since both the greenback and US treasuries dropped on the back of US President Trump’s tariffs address in April 2025. We have maintained that the desire for liquidity would preserve a safe haven bid for the USD in times of acute uncertainty, and that the USD’s sell off last spring was a function of years of the ‘buy America’ trade."
"This week has brought positive news on the potential for a peace deal and the re-opening of the Strait of Hormuz. The latter should result in a decline in safe haven demand, which has the potential to weaken the USD. However, the more hawkish than expected stance of new Fed Chair Warsh at yesterday’s Fed meeting has overwhelmed USD bears and revitalised the bulls, at least for now."
"Looking forward, the USD will be vulnerable if rate hike forecasts are pared back. That said, we remain doubtful as to whether the EUR has the ability to re-kindle strong upward momentum."
"It is Rabobank’s central view that steady rates will prevail this year. However, market pricing currently suggests scope for almost 40 bps of tightening on a 6-month view."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
- EUR/USD dives to fresh two-month lows below 1.1478, on track to a 0.9% weekly decline.
- The Dollar holds gains following a hawkish hold by the Fed on Wednesday.
- The IFO Institute anticipates weak growth and above-target inflation for Germany.
The enthusiasm about the US-Iran peace deal has been short-lived for the Euro (EUR), which broke two-month lows at 1.1478 against the US Dollar (USD) on Thursday. The EUR/USD pair has extended its reversal from Tuesday's highs above 1.1600 and is on track for a 0.9% weekly depreciation, hit by a mix of rising Federal Reserve (Fed) tightening bets and grim economic prospects for Germany.
The Fed left its benchmark rate in the 3.50%-3.75% range, in the first meeting chaired by Kevin Warsh on Wednesday, but the new central bank chief cleared any doubts about his commitment to bring inflation to the 2% target. The bank also removed references to an easing bias in a shortened monetary policy statement.
Fed officials acknowledged an improvement in economic activity and a stronger labour market, despite the uncertainty stemming from the Middle East conflict. In this context, nearly half of the committee members anticipate a rate hike before the year's end, according to the bank’s “Dot Plot”, which did not include Warsh’s forecasts. US Treasury yields jumped after the event, and the US Dollar appreciated against its main peers.
In the Eurozone, the German IFO institute confirmed the outlook of strong inflation and sluggish growth for the region’s major economy, adding pressure on the Euro. IFO forecasts show that German inflation is expected to average 2.9% this year and 2.7% in 2027, while the economy is seen growing 0.8% this year, unchanged from previous estimations, and another 0.8% in 2027, this one revised down 1.2%.
Eurozone data released on Thursday revealed that the Current Account surplus increased to EUR 15.7 billion in April, above the EUR 14.9 billion surplus seen in March, but well below the EUR 18.5 billion expected. Later on, Eurostat data showed that Construction Output slowed down to a 0.6% growth in April after an upwardly revised 1.7% increase in March.
German economy FAQs
The German economy has a significant impact on the Euro due to its status as the largest economy within the Eurozone. Germany's economic performance, its GDP, employment, and inflation, can greatly influence the overall stability and confidence in the Euro. As Germany's economy strengthens, it can bolster the Euro's value, while the opposite is true if it weakens. Overall, the German economy plays a crucial role in shaping the Euro's strength and perception in global markets.
Germany is the largest economy in the Eurozone and therefore an influential actor in the region. During the Eurozone sovereign debt crisis in 2009-12, Germany was pivotal in setting up various stability funds to bail out debtor countries. It took a leadership role in the implementation of the 'Fiscal Compact' following the crisis – a set of more stringent rules to manage member states’ finances and punish ‘debt sinners’. Germany spearheaded a culture of ‘Financial Stability’ and the German economic model has been widely used as a blueprint for economic growth by fellow Eurozone members.
Bunds are bonds issued by the German government. Like all bonds they pay holders a regular interest payment, or coupon, followed by the full value of the loan, or principal, at maturity. Because Germany has the largest economy in the Eurozone, Bunds are used as a benchmark for other European government bonds. Long-term Bunds are viewed as a solid, risk-free investment as they are backed by the full faith and credit of the German nation. For this reason they are treated as a safe-haven by investors – gaining in value in times of crisis, whilst falling during periods of prosperity.
German Bund Yields measure the annual return an investor can expect from holding German government bonds, or Bunds. Like other bonds, Bunds pay holders interest at regular intervals, called the ‘coupon’, followed by the full value of the bond at maturity. Whilst the coupon is fixed, the Yield varies as it takes into account changes in the bond's price, and it is therefore considered a more accurate reflection of return. A decline in the bund's price raises the coupon as a percentage of the loan, resulting in a higher Yield and vice versa for a rise. This explains why Bund Yields move inversely to prices.
The Bundesbank is the central bank of Germany. It plays a key role in implementing monetary policy within Germany, and central banks in the region more broadly. Its goal is price stability, or keeping inflation low and predictable. It is responsible for ensuring the smooth operation of payment systems in Germany and participates in the oversight of financial institutions. The Bundesbank has a reputation for being conservative, prioritizing the fight against inflation over economic growth. It has been influential in the setup and policy of the European Central Bank (ECB).
- Gold treads water above $4,250 after failing to confirm above $4,370.
- A hawkish Fed stance boosted hopes of rate hikes this year and propelled the US Dollar across the board.
- XAU/USD faces a cluster of resistances above $4,300.
Gold (XAU/USD) shows marginal gains on Thursday, but remains close to weekly lows at $4,220. The precious metal’s recovery, fuelled by hopes of a peace deal in Iran, was crushed on Wednesday as a hawkishly leaning Federal Reserve statement boosted expectations of interest rate hikes later in the year.
The Fed left its benchmark rate unchanged, as widely expected, but the new chairman, Kevin Warsh, confirmed his determination to bring inflation down to the 2% target and released a shortened statement, without mentions of a dovish bias.
The bank observed an improvement in the economic activity and a stronger labour market, while the interest rate projections revealed that nine of the 19 board members expect at least one hike in 2026. Futures markets have boosted bets for a rate hike in October, which is keeping US Treasury yields and the US Dollar buoyed
Technical Analysis: Looking for direction below $4,30
XAU/USD trades at $4,269, keeping a broader bearish tone as it holds below a dense band of resistance. Momentum indicators in the daily chart are improving but remain in bearish territory. The Relative Strength Index (RSI) hovers just above 40 while the Moving Average Convergence Divergence (MACD) remains marginally negative, which together suggests that downside momentum has eased but not reversed.
Bulls have been halted at a previous support level near $4,370 (May 28 lows), which, together with the downtrend resistance from early March highs, immediately above $4,400, and the 200-day SMA at $4,464, are likely to pose a serious challenge.
On the downside, Wednesday's low, near $4,220, is likely to provide some support ahead of the June 11 low at $4,023. Further down, the next target is the late October 2025 low, at $3,886.
(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.
- NZD/USD trades around 0.5765 on Thursday, edging lower despite stronger-than-expected annual growth data from New Zealand.
- Improved risk sentiment following the preliminary agreement between Washington and Tehran reduces demand for safe-haven assets.
- The Federal Reserve keeps rates unchanged but reinforces expectations of additional monetary tightening later this year.
NZD/USD trades around 0.5765 at the time of writing on Thursday, down a modest 0.07% on the day. The pair struggles to extend its rebound despite solid economic data from New Zealand, while the US Dollar (USD) continues to draw support from the Federal Reserve’s (Fed) more hawkish stance.
Data released by Statistics New Zealand showed that Gross Domestic Product (GDP) expanded by 0.8% QoQ in the first quarter, following an upwardly revised 0.5% increase in the previous quarter. Although the quarterly reading came in slightly below market expectations of 0.9%, annual growth reached 1.5%, beating the 1.1% consensus forecast and confirming a gradual improvement in New Zealand’s economic activity.
The New Zealand Dollar (NZD) also finds support from improving market sentiment after news of a preliminary agreement between the United States (US) and Iran. According to reports cited by the BBC, the White House confirmed that US President Donald Trump and Iranian President Masoud Pezeshkian signed a memorandum of understanding aimed at ending the conflict involving the United States, Israel and Iran. The agreement also includes the gradual reopening of the Strait of Hormuz, easing geopolitical concerns that had recently supported safe-haven demand.
However, gains in the Kiwi remain limited against a US Dollar that continues to benefit from strong fundamental support. The Fed left its benchmark interest rate unchanged within the 3.5%-3.75% range on Wednesday, in line with expectations. However, the central bank’s updated economic projections showed that roughly half of Federal Open Market Committee (FOMC) members expect at least one additional rate hike this year.
Fed Chair Kevin Warsh adopted a distinctly hawkish tone during his first press conference as head of the central bank. He reaffirmed the institution’s commitment to restoring price stability, while policymakers continue to highlight the resilience of the labor market and the persistence of underlying inflation pressures.
Markets quickly adjusted their expectations following the meeting. Futures markets are now pricing in a strong chance of a 25-basis-point rate hike before year-end, a scenario that supports US Treasury yields and helps limit the upside potential of NZD/USD in the near term.
New Zealand Dollar Price Today
The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the strongest against the British Pound.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.18% | 0.36% | 0.03% | 0.13% | -0.06% | 0.03% | 0.33% | |
| EUR | -0.18% | 0.19% | -0.11% | -0.05% | -0.23% | -0.20% | 0.15% | |
| GBP | -0.36% | -0.19% | -0.32% | -0.24% | -0.41% | -0.37% | -0.05% | |
| JPY | -0.03% | 0.11% | 0.32% | 0.11% | -0.11% | -0.06% | 0.27% | |
| CAD | -0.13% | 0.05% | 0.24% | -0.11% | -0.21% | -0.16% | 0.18% | |
| AUD | 0.06% | 0.23% | 0.41% | 0.11% | 0.21% | 0.05% | 0.39% | |
| NZD | -0.03% | 0.20% | 0.37% | 0.06% | 0.16% | -0.05% | 0.34% | |
| CHF | -0.33% | -0.15% | 0.05% | -0.27% | -0.18% | -0.39% | -0.34% |
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 New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $68.29 per troy ounce, up 1.34% from the $67.39 it cost on Wednesday.
Silver prices have decreased by 3.93% since the beginning of the year.
Unit measure | Silver Price Today in USD |
|---|---|
Troy Ounce | 68.29 |
1 Gram | 2.20 |
The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 62.50 on Thursday, down from 63.17 on Wednesday.
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
(An automation tool was used in creating this post.)
ING’s Chris Turner argues EUR/USD’s test of 1.1500 after the hawkish FOMC is unlikely to extend much lower, with 1.14/1.15 seen as the summer range floor given ING’s view that the Fed will not hike. The bank highlights upcoming ECB decisions, a neutral Swiss National Bank stance and sees EUR/CHF drifting back toward the 0.9250 area.
ECB and SNB shape euro crosses
"EUR/USD had a strong test of 1.1500 on the hawkish FOMC last night, but there might not be too much appetite to take it substantially lower just now. The ball is now back in the ECB's court and whether it chooses to hike in the July or September meetings – or not hike rates at all."
"At this stage, and given the house view that the Fed is not going to hike, 1.14/1.15 can remain the lower end of the range this summer."
"We see the Swiss National Bank on a prolonged pause. There could be some slight upside risk to EUR/CHF today not only from a neutral SNB, but also from higher global rates in general after last night's Fed and some potentially better news out of the Middle East. EUR/CHF can head back to the 09250 area."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
- AUD/USD holds gains amid a hawkish RBA policy outlook, and sentiment supports the Australian Dollar.
- RBA Governor Bullock warned that inflation remains too high, stating that further interest rate hikes cannot be ruled out completely.
- Easing safe-haven demand puts pressure on the US Dollar.
AUD/USD pares its daily gains, remaining in the positive territory and trading around 0.7010 during the European hours on Thursday. The pair appreciated as the Australian Dollar (AUD) received support from prevailing hawkish sentiment surrounding the Reserve Bank of Australia’s (RBA) policy outlook.
Governor Michele Bullock emphasized that inflation remains too high and reiterated that further rate hikes cannot be ruled out. The RBA board continues to prioritize price stability as inflation remains above its 2–3% target.
The AUD/USD pair holds gains as the US Dollar (USD) remains weaker on easing safe-haven demand following the BBC report late Wednesday, indicating that the White House confirmed that US President Donald Trump and Iranian President Masoud Pezeshkian signed a preliminary memorandum of understanding designed to end the US-Israel war on Iran.
However, the Greenback may regain its ground against its major peers, including AUD, amid rising odds of rate hikes by the Federal Reserve (Fed) later this year. The Fed’s June Summary of Economic Projections showed half of FOMC members expect at least one rate hike this year. Despite economic disruptions linked to the conflict in Iran, resilient labor market data and persistent underlying inflation measures continue to drive tightening pressures.
The Federal Open Market Committee (FOMC) voted unanimously to maintain its benchmark federal funds rate in the range of 3.5% to 3.75%. In his first meeting since taking the helm of the US central bank, the newly appointed Federal Reserve Chairman, Kevin Warsh, vowed to aggressively restore price stability.
Australian Dollar FAQs
One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD.
The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive.
China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs.
Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD.
The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.
- Gold regains positive traction following the previous day’s post-FOMC slump to the weekly trough.
- The Fed’s hawkish tilt lifts December rate hike bets, limiting USD losses and capping the commodity.
- The optimism over a US-Iran peace deal might cap the safe-haven USD and support the precious metal.
Gold (XAU/USD) trims a part of its modest intraday gains and slides back below the $4,300 mark during the first half of the European session on Thursday. The US Federal Reserve's (Fed) hawkish tilt assists the US Dollar (USD) to attract fresh buyers following the US-Iran peace deal-led corrective pullback from the highest level since late March. This, in turn, is seen as a key factor that caps the upside for the non-yielding yellow metal.
As widely expected, the US central bank decided to keep its benchmark interest rate unchanged at a target range of 3.5% to 3.75% at the end of the first meeting under the new Fed Chair, Kevin Warsh. Adding to this, the Fed eliminated the language indicating a bias toward further easing, with the rate-setting committee sending a clear message that it supported higher rates. In fact, policymakers estimated the fed funds rate at 3.8% by the end of this year, up from 3.4% projected in March. Traders were quick to react and are now pricing in a nearly 85% chance of a 25-basis-point (bps) rate hike in December. The outlook led to a sharp rise in US Treasury bond yields on Wednesday and favors USD bulls. This, in turn, holds back traders from positioning for any further appreciation of the Gold price.
Meanwhile, US President Donald Trump and Iranian President Masoud Pezeshkian electronically signed a Memorandum of Understanding (MoU) aimed at ending hostilities between the two countries and reopening the Strait of Hormuz. Moreover, Trump said that the 60-day negotiation period to reach a final agreement on Iran's nuclear program is not a hard deadline, boosting investors' confidence. This might keep a lid on the safe-haven USD, warranting caution before placing fresh bearish bets on the Gold. Traders now look to the US economic docket, featuring the Philly Fed Manufacturing Index and the usual Weekly Initial Jobless Claims later during the North American session. Apart from this, comments from influential FOMC members might provide some impetus to the buck and the Gold.
The aforementioned fundamental backdrop, however, makes it prudent to wait for strong follow-through buying before positioning for the resumption of the XAU/USD pair's recovery move from the $4,025-$4,020 region, or the year-to-date low, touched last Thursday.
XAU/USD daily chart
Gold seems vulnerable while below $4,350-$4,360 confluence hurdle
The overnight failed attempt to find acceptance above the $4,350-$4,360 confluence – comprising the 38.2% Fibonacci retracement level of the April-June fall and the 200-day Exponential Moving Average (EMA) – warrants caution for the XAU/USD bulls. The subsequent slide, however, stalled near the 23.6% Fibo. level, which should now act as a key pivotal point for short-term traders. Meanwhile, the Relative Strength Index (RSI) hovers near 44, signaling subdued momentum. In contrast, the Moving Average Convergence Divergence (MACD) histogram has turned marginally positive, hinting at a tentative loss of bearish pressure rather than a clear bullish reversal.
Hence, it will be prudent to wait for a sustained strength above the $4,350-$4,360 hurdle before positioning for further gains. The Gold might then climb to the 50.0% retracement near $4,461 and further towards higher barriers at $4,562, $4,705 and the recent peak around $4,887. On the downside, initial support is seen at the 23.6% Fibo. retracement near $4,237, with a deeper floor around the prior swing low close to $4,036, where buyers would be expected to defend the broader bullish cycle.
(The technical analysis of this story was written with the help of an AI tool.)
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 Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.08% | 0.23% | 0.02% | 0.10% | -0.07% | -0.03% | 0.32% | |
| EUR | -0.08% | 0.16% | -0.06% | 0.02% | -0.15% | -0.16% | 0.24% | |
| GBP | -0.23% | -0.16% | -0.23% | -0.14% | -0.31% | -0.30% | 0.07% | |
| JPY | -0.02% | 0.06% | 0.23% | 0.11% | -0.09% | -0.10% | 0.29% | |
| CAD | -0.10% | -0.02% | 0.14% | -0.11% | -0.20% | -0.20% | 0.20% | |
| AUD | 0.07% | 0.15% | 0.31% | 0.09% | 0.20% | -0.01% | 0.39% | |
| NZD | 0.03% | 0.16% | 0.30% | 0.10% | 0.20% | 0.00% | 0.40% | |
| CHF | -0.32% | -0.24% | -0.07% | -0.29% | -0.20% | -0.39% | -0.40% |
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).
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