Forex Today: US Dollar rally pauses ahead of Manufacturing PMI data

출처 Fxstreet

Here is what you need to know on Friday, January 3:

The US Dollar (USD) gathered strength to start the new year as trading conditions normalized following the holiday season. The US economic calendar will feature the ISM Manufacturing Purchasing Managers Index (PMI) data for December later in the day. Investors will also keep a close eye on comments from central bank officials.

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 British Pound.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   1.36% 1.44% -0.31% -0.14% 0.07% 0.45% 0.94%
EUR -1.36%   0.07% -1.70% -1.53% -1.35% -0.94% -0.47%
GBP -1.44% -0.07%   -1.75% -1.60% -1.42% -1.02% -0.54%
JPY 0.31% 1.70% 1.75%   0.18% 0.45% 0.93% 1.35%
CAD 0.14% 1.53% 1.60% -0.18%   0.20% 0.66% 1.07%
AUD -0.07% 1.35% 1.42% -0.45% -0.20%   0.41% 0.90%
NZD -0.45% 0.94% 1.02% -0.93% -0.66% -0.41%   0.48%
CHF -0.94% 0.47% 0.54% -1.35% -1.07% -0.90% -0.48%  

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).

The USD Index gained more than 0.7% on Thursday and reached its highest level since November 2022 above 109.50. Early Friday, the index retreats toward 109.00. The risk-averse market atmosphere helped the USD outperform its rivals on the first trading day of the year. Additionally, the data published by the Department of Labor showed that the weekly Initial Jobless Claims declined to 211,000 from 220,000 in the previous week, further supporting the USD. 

During the Asian trading hours, the People's Bank of China (PBOC) said that it is likely to cut interest rates from the current level of 1.5% "at an appropriate time" in 2025. "The PBOC will pay more attention to the role of interest rate control and improve the formation and transmission of market-orientated interest rates," the PBOC added. Meanwhile, the National Development and Reform Commission (NDRC), China’s state planner, said in a statement on Friday that it is “fully confident in achieving continued economic recovery in 2025.” Following Thursday's sharp decline, Hong Kong's Hang Seng Index is up around 0.5% on the day, while Shanghai Composite Index is down 1.5%. After posting small gains on Thursday, AUD/USD continues to edge higher and was last seen trading above 0.6200. 

In the meantime, US President-elect Donald Trump reiterated his willingness to ramp up tariffs. "The tariffs, and tariffs alone, created this vast wealth for our country," Trump said on X. "Then we switched over to income tax. We were never so wealthy as during this period. Tariffs will pay off our debt and make America wealthy again." In the European morning on Friday, US stock index futures trade marginally higher and the 10-year US Treasury bond yield holds comfortably above 4.5%.

EUR/USD lost nearly 1% on Thursday and slumped to its weakest level in over two years below 1.0250. The pair corrects higher but remains below 1.2300 in the European morning on Friday.

GBP/USD dropped to its lowest level since April near 1.2350 on Thursday, pressured by the persistent USD strength. The pair holds its ground early Friday and trades near 1.2400.

USD/JPY registered small gains on Thursday but lost its traction early Friday. At the time of press, the pair was fluctuating in a tight channel above 157.00.

Gold benefited from the risk-averse atmosphere and rose more than 1% on Thursday. XAU/USD struggles to build on its recent gains but holds comfortably above $2,650.

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.

 

면책 조항: 정보 제공 목적으로만 사용됩니다. 과거 성과가 미래 결과를 보장하지 않습니다.
placeholder
2025년 4월을 위한 5가지 강세 시바이누(SHIB) 가격 예측SHIB 가격 목표가 분기점에 이르며, 투자자들이 시바리움 L3 업그레이드, 소각 비율 급증, 그리고 알트코인 시장 심리를 고려하고 있습니다. 예측치는 보수적인 $0.000012에서 기하급수적인 $0.00030까지 다양합니다.
저자  FXStreet
4 월 16 일 수요일
SHIB 가격 목표가 분기점에 이르며, 투자자들이 시바리움 L3 업그레이드, 소각 비율 급증, 그리고 알트코인 시장 심리를 고려하고 있습니다. 예측치는 보수적인 $0.000012에서 기하급수적인 $0.00030까지 다양합니다.
placeholder
2025년 비트코인, 금과의 분리 및 미국 달러 급락 속에서 약세 보여비트코인(BTC)은 월요일에 88,000달러를 넘어서며 4월 초 이후 처음으로 상승했다. 이는 1주일 간의 조정 후 이루어진 상승이다. 그러나 비트코인은 미국 달러 지수(DXY)가 9% 급락한 상황에도 불구하고 연초 대비 6% 이상 하락했다. 역사적으로 DXY의 하락은 비트코인에 moderate한 상승을 촉발했었다.
저자  FXStreet
4 월 22 일 화요일
비트코인(BTC)은 월요일에 88,000달러를 넘어서며 4월 초 이후 처음으로 상승했다. 이는 1주일 간의 조정 후 이루어진 상승이다. 그러나 비트코인은 미국 달러 지수(DXY)가 9% 급락한 상황에도 불구하고 연초 대비 6% 이상 하락했다. 역사적으로 DXY의 하락은 비트코인에 moderate한 상승을 촉발했었다.
placeholder
오늘 암호화폐 시장이 상승한 이유는?비트코인(BTC)은 화요일, 미 재무장관 스콧 베센트가 비공개 회의에서 “미중 간 무역 갈등은 지속 불가능하다”고 발언한 이후 전반적인 금융 시장과 함께 $93,000을 돌파하며 상승했다.
저자  FXStreet
4 월 23 일 수요일
비트코인(BTC)은 화요일, 미 재무장관 스콧 베센트가 비공개 회의에서 “미중 간 무역 갈등은 지속 불가능하다”고 발언한 이후 전반적인 금융 시장과 함께 $93,000을 돌파하며 상승했다.
placeholder
폴 앳킨스 신임 위원장 취임 후 SEC, 복수의 암호화폐 ETF 심사 결정 연기미국 증권거래위원회(SEC)는 목요일 그레이스케일, 비트와이즈, 캐너리 캐피털의 암호화폐 상장지수펀드(ETF) 신청에 대한 결정을 연기한다고 밝히며 관련 문건을 다수 공개했다. SEC는 해당 신청서를 승인할지 여부에 대한 판단을 내리기 위해 더 많은 시간이 필요하다고 설명했다.
저자  FXStreet
어제 01: 09
미국 증권거래위원회(SEC)는 목요일 그레이스케일, 비트와이즈, 캐너리 캐피털의 암호화폐 상장지수펀드(ETF) 신청에 대한 결정을 연기한다고 밝히며 관련 문건을 다수 공개했다. SEC는 해당 신청서를 승인할지 여부에 대한 판단을 내리기 위해 더 많은 시간이 필요하다고 설명했다.
placeholder
비트코인, 이더리움, 리플 가격 예측: BTC, ETH, XRP, 강력한 주간 상승세 유지 예상비트코인(BTC) 가격은 금요일 현재 약 93,000달러에서 안정세를 보이며, 이번 주 9.5% 상승한 후 거래되고 있습니다. 이더리움(ETH)과 리플(XRP)은 비트코인의 상승세를 따르며 각각 10%와 5% 상승했습니다.
저자  FXStreet
어제 03: 51
비트코인(BTC) 가격은 금요일 현재 약 93,000달러에서 안정세를 보이며, 이번 주 9.5% 상승한 후 거래되고 있습니다. 이더리움(ETH)과 리플(XRP)은 비트코인의 상승세를 따르며 각각 10%와 5% 상승했습니다.
goTop
quote