Here is what you need to know on Tuesday, January 9:
After struggling to find demand during the American trading hours on Monday, the US Dollar seems to have stabilized early Tuesday, with the USD Index fluctuating above 102.00. Eurostat will release the Unemployment Rate data for November. Later in the day, November Goods Trade Balance, NFIB Business Optimism Index for December and RealClearMarkets/TIPP Economic Optimism Index for January will be featured in the US economic docket.
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 New Zealand Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -0.02% | 0.04% | 0.07% | 0.21% | -0.17% | 0.22% | -0.01% | |
| EUR | 0.02% | 0.03% | 0.09% | 0.24% | -0.11% | 0.17% | -0.01% | |
| GBP | -0.02% | -0.03% | 0.05% | 0.17% | -0.19% | 0.13% | -0.02% | |
| CAD | -0.08% | -0.10% | -0.07% | 0.11% | -0.24% | 0.08% | -0.08% | |
| AUD | -0.21% | -0.20% | -0.17% | -0.11% | -0.35% | -0.02% | -0.21% | |
| JPY | 0.13% | 0.12% | 0.15% | 0.26% | 0.33% | 0.28% | 0.16% | |
| NZD | -0.15% | -0.17% | -0.13% | -0.08% | 0.04% | -0.33% | -0.16% | |
| CHF | 0.02% | 0.02% | 0.06% | 0.10% | 0.21% | -0.20% | 0.16% |
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 Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
The positive shift seen in risk mood in the second half of the day on Monday caused the USD to lose interest following a bullish start to the week. Growing optimism about the US government avoiding a shutdown after leaders of the House and Senate announced a broad agreement on a $1.59 trillion spending deal allowed risk flows to return to markets. Additionally, the Federal Reserve Bank of New York's monthly survey showed that consumers' year-ahead inflation expectation dropped to its lowest level since January 2021 at 3%, putting additional weight on the USD.
During the Asian trading hours, the data from Japan showed that the annual Tokyo Consumer Price Index rose 2.4% in December, down from 2.6% increase recorded in November. After closing the first day of the week modestly lower, USD/JPY continued to edge lower early Tuesday and was last seen trading at around 144.00.
Retail Sales in Australia increased by 2% on a monthly basis in November, the Australian Bureau of Statistics reported on Tuesday. This reading followed the 0.2% contraction registered in October and came in better than the market expectation for a 1.2% growth. AUD/USD showed no immediate reaction to these figures and retreated to the 0.6700 area.
EUR/USD failed to make a decisive move in either direction on Monday and closed the day virtually unchanged. The pair continues to move up and down in a narrow band at around 1.0950 early Tuesday.
GBP/USD registered small gains on Monday after managing to stabilize above 1.2700. The pair holds steady near 1.2750 in the European morning.
Gold dropped to a multi-week low below $2,020 on Monday but erased a portion of its daily losses to end the day near $2,030. XAU/USD trades marginally higher early Tuesday as the benchmark 10-year US Treasury bond yield holds slightly above 4%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD stays in positive territory above 1.0850 after US data
EUR/USD clings to modest daily gains above 1.0850 in the second half of the day on Friday. The improving risk mood makes it difficult for the US Dollar to hold its ground after PCE inflation data, helping the pair edge higher ahead of the weekend.
GBP/USD stabilizes above 1.2850 as risk mood improves
GBP/USD maintains recovery momentum and fluctuates above 1.2850 in the American session on Friday. The positive shift seen in risk mood doesn't allow the US Dollar to preserve its strength and supports the pair.
Gold rebounds above $2,380 as US yields stretch lower
Following a quiet European session, Gold gathers bullish momentum and trades decisively higher on the day above $2,380. The benchmark 10-year US Treasury bond yield loses more than 1% on the day after US PCE inflation data, fuelling XAU/USD's upside.
Avalanche price sets for a rally following retest of key support level
Avalanche (AVAX) price bounced off the $26.34 support level to trade at $27.95 as of Friday. Growing on-chain development activity indicates a potential bullish move in the coming days.
The election, Trump's Dollar policy, and the future of the Yen
After an assassination attempt on former President Donald Trump and drop out of President Biden, Kamala Harris has been endorsed as the Democratic candidate to compete against Trump in the upcoming November US presidential election.