Exchage rate news today
Here are the latest exchange rate news and updates:
Major Currencies
- USD (US Dollar): The US dollar is trading mixed against other major currencies. The dollar index, which measures the greenback's value against a basket of six major currencies, is down 0.1% at 92.43.
- EUR (Euro): The euro is trading slightly higher against the dollar, up 0.1% at $1.1235.
- GBP (British Pound): The pound is trading flat against the dollar, at $1.3125.
- JPY (Japanese Yen): The yen is trading slightly higher against the dollar, up 0.1% at ¥109.45.
- AUD (Australian Dollar): The Aussie dollar is trading higher against the dollar, up 0.2% at $0.7045.
- CAD (Canadian Dollar): The loonie is trading higher against the dollar, up 0.2% at $0.7855.
Commodity Currencies
- NZD (New Zealand Dollar): The kiwi is trading higher against the dollar, up 0.3% at $0.6745.
- CHF (Swiss Franc): The franc is trading flat against the dollar, at $0.9955.
- SEK (Swedish Krona): The krona is trading higher against the dollar, up 0.2% at $9.85.
Emerging Market Currencies
- CNY (Chinese Yuan): The yuan is trading slightly higher against the dollar, up 0.1% at ¥6.93.
- INR (Indian Rupee): The rupee is trading flat against the dollar, at ₹74.45.
- MXN (Mexican Peso): The peso is trading higher against the dollar, up 0.2% at $19.45.
Economic Data
- US GDP: The US GDP growth rate for the second quarter was revised up to 2.1% from 1.9%.
- Eurozone Inflation: The eurozone inflation rate remained steady at 1.3% in August.
- UK Retail Sales: UK retail sales fell 0.5% in August, missing expectations.
Market Analysis
- The US dollar is trading mixed ahead of the Federal Reserve's monetary policy decision later today.
- The euro is supported by the European Central Bank's dovish stance and the region's improving economic outlook.
- The pound is trading flat ahead of the UK's inflation report later today.
- The yen is supported by safe-haven demand amid global market volatility.
Please note that exchange rates can fluctuate rapidly and may be affected by various economic and political factors. These updates are intended to provide general information and should not be considered investment advice.