United States Dollar Index trades calm while US-Iran deal uncertainty escalates
The US Dollar (USD) trades quietly in the Asian trading session on Wednesday, even as uncertainty surrounding the United States (US)-Iran deal has escalated, following the exchange of attacks between the two.
  • The US Dollar Index flattens around 99.25 despite escalating US-Iran deal uncertainty.
  • The exchange of attacks between the US and Iran has renewed fears of a resumption of the Middle East war.
  • Investors await the US ADP Employment Change, ISM Services PMI, and the NFP data for May.

The US Dollar (USD) trades quietly in the Asian trading session on Wednesday, even as uncertainty surrounding the United States (US)-Iran deal has escalated, following the exchange of attacks between the two.

As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades almost flat near 99.25.

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 Australian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.02% 0.01% -0.05% 0.03% 0.06% -0.05% 0.06%
EUR -0.02% -0.02% -0.06% 0.02% 0.04% -0.08% 0.04%
GBP -0.01% 0.02% -0.02% 0.02% 0.06% -0.07% 0.06%
JPY 0.05% 0.06% 0.02% 0.05% 0.09% -0.06% 0.09%
CAD -0.03% -0.02% -0.02% -0.05% 0.04% -0.08% 0.03%
AUD -0.06% -0.04% -0.06% -0.09% -0.04% -0.12% -0.02%
NZD 0.05% 0.08% 0.07% 0.06% 0.08% 0.12% 0.13%
CHF -0.06% -0.04% -0.06% -0.09% -0.03% 0.02% -0.13%

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).

Late Tuesday, the US Central Command (CENTCOM) said that it had intercepted and defeated a series of Iranian missile and drone attacks targeting regional neighbors, including Kuwait and Bahrain, while also carrying out self-defense strikes on Iran’s Qeshm Island.

This has renewed fears of a Middle East war resumption, a scenario that will boost oil prices again and strengthen the US Dollar.

The US Dollar outperformed in wartime as higher oil prices prompted global inflationary pressures, which forced traders to price out dovish Federal Reserve (Fed) bets.

On the domestic front, investors await the US ADP Employment Change and the ISM Services Purchasing Managers’ Index (PMI) data for May, which will be published during the North American session.

Meanwhile, the US JOLTS Job Openings data for April came in stronger-than-expected on Tuesday. The data showed that US employers posted 7.618 million fresh jobs, significantly higher than 6.88 million estimates.

This week, the major trigger for the US Dollar will be the US Nonfarm Payrolls (NFP) data for May, which will be released on Friday.

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LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

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