Forex Today: Gold rally continues, USD holds ground as markets assess Trump tariff talks
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Here is what you need to know on Monday, February 10:
The US Dollar stays resilient against its major rivals on Monday as markets assess the latest headlines surrounding US President Donald Trump's tariff policy. The economic calendar will not feature any high-impact data releases. Later in the day, European Central Bank (ECB) President Christine Lagarde will deliver the Annual Report at the European Parliament.
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 Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.06% | -0.12% | 0.38% | 0.31% | -0.08% | -0.01% | 0.17% | |
| EUR | -0.06% | -0.11% | 0.45% | 0.36% | -0.14% | 0.01% | 0.19% | |
| GBP | 0.12% | 0.11% | 0.40% | 0.44% | -0.03% | 0.12% | 0.30% | |
| JPY | -0.38% | -0.45% | -0.40% | -0.11% | -0.39% | -0.39% | -0.21% | |
| CAD | -0.31% | -0.36% | -0.44% | 0.11% | -0.36% | -0.34% | -0.18% | |
| AUD | 0.08% | 0.14% | 0.03% | 0.39% | 0.36% | 0.15% | 0.33% | |
| NZD | 0.00% | -0.01% | -0.12% | 0.39% | 0.34% | -0.15% | 0.17% | |
| CHF | -0.17% | -0.19% | -0.30% | 0.21% | 0.18% | -0.33% | -0.17% |
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).
Following the mixed labor market data, the USD Index closed modestly higher on Friday. Nonfarm Payrolls (NFP) in the US rose by 143,000 in January, missing the market expectation for an increase of 170,000. On a positive note, November's increase of 256,000 got revised higher to 307,000 and the Unemployment Rate edged lower to 4.1% from 4% in December.
Meanwhile, President Trump said on Friday that he will announce "reciprocal tariffs" on many countries this Tuesday or Wednesday. Over the weekend, Trump also noted that he plans to impose 25% tariffs on all steel and aluminum imports into the US. The USD Index opened with a small bullish gap and was last seen trading marginally higher on the day, slightly above 108.20. Wall Street's main indexes suffered large losses on Friday. Early Monday, US stock index futures rise between 0.1% and 0.4%. Federal Reserve (Fed) Chairman Jerome Powell will testify before the Senate Banking Committee on Tuesday and before the House Financial Services Committee on Wednesday.
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* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
