- The US dollar index boosts as signs of avoiding tensions between the US and China have emerged.
- The US yields of two years and 10-year Treasury records remain covered, holding 3.75% and 4.24%, respectively.
- The Federal Reserve (FED) remains in the Blackout mode of the May 7 Federal Open Market Committee (FOMC) meeting.
The US Dollar Index (DXY), which tracks the USD against six major currencies, continues to rise for the second consecutive day, trading near 99.60 during Asian time on Monday. The US Dollar (USD) boosts the midst of signs of avoiding tensions between the US and China.
On Friday, China excluded several US imports from its 125% tariffs, fuel optimism that the long trade war between the world's two largest economies could be close to its conclusion. However, Reuters reported that a spokesman for the Embassy of China has strongly denied any ongoing tariff negotiations, saying, “China and the US do not have any consultation or communication with tariffs.” The speaker encouraged Washington to “stop creating confusion.”
The US yields of two years and 10-year Treasury notes remain covered by 3.75% and 4.24%, respectively, on Monday, as investors prepared for major economic reports this week that could light the initial impact of President Donald Trump's tariffs.
On Sunday, U.S. Secretary of Agriculture Brooke Rollins told Reuters that the Trump administration was conducting a day -to -day discussion in China about tariffs. Rollins also emphasized that trade agreements with other countries are “very close” to be finalized.
Meanwhile, the Federal Reserve (FED) remains in the Blackout mode of the May 7 Federal Open Market Committee (FOMC) meeting. Entrepreneurs are closely watching some of the major US economic releases this week, including the pre -report of the Q1 GDP, PCE inflation data, and work numbers in April. These reports are expected to offer important insights to the next Fed policy decisions and a broader economic view.
US dollar price today
The table below shows the percentage change of the US dollar (USD) against the listed basic currencies today. The US dollar is the strongest against the British pounds.
| USD | EUR | Gbp | Jpy | Cad | Aud | Nzd | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.02% | 0.08% | -0.09% | 0.01% | 0.07% | -0.07% | -0.18% | |
| EUR | -0.02% | 0.00% | -0.11% | -0.02% | -0.05% | -0.10% | -0.22% | |
| Gbp | -0.08% | -0.01% | -0.13% | -0.01% | -0.08% | -0.11% | -0.21% | |
| Jpy | 0.09% | 0.11% | 0.13% | 0.15% | 0.20% | -1.37% | 0.18% | |
| Cad | -0.01% | 0.02% | 0.01% | -0.15% | -0.07% | -0.09% | -0.18% | |
| Aud | -0.07% | 0.05% | 0.08% | -0.20% | 0.07% | -0.04% | -0.15% | |
| Nzd | 0.07% | 0.10% | 0.11% | 1.37% | 0.09% | 0.04% | -0.10% | |
| CHF | 0.18% | 0.22% | 0.21% | -0.18% | 0.18% | 0.15% | 0.10% |
The heat map shows the percentage change of basic currencies against each other. The base currency is taken from the left column, while the quote currency is taken from the top row. For example, if you choose the US dollar from the left column and move to the horizontal line with the Japanese Yen, the percentage shown in the box represents the USD (base)/jpy (quote).
