Forex Today: US Dollar stays resilient ahead of key US data
Trending Articles- $4,050: Gold dives to fresh two-week low as Fed rate hike bets boost US Dollar
- Gold Price Forecast: Gold Price Falls Below $4,000, PCE Data May Push Gold Down to $3,900
- Gold Price Trend Forecast: Gold Price Risks Falling Below $4,000, PCE Data Is Key
- Bitcoin network activity hits new high despite stalled prices — CryptoQuant
- WTI Price Forecast: Trades above $75.50 on Iran uncertainty; 200-day SMA holds the key
- Deutsche Bank Slashes Gold Price Forecast by 22%: Wall Street Bulls Retreat, Fed Rate Hike Expectations Become Biggest Drag
Here is what you need to know on Wednesday, June 3:
The US Dollar (USD) holds its ground midweek as markets react to a new escalation of tensions in the Middle East. In the second half of the day, the US economic calendar will feature ADP Employment Change, ISM Services PMI report for May and April Factory Orders data. Additionally, the Federal Reserve (Fed) will publish its Beige Book.
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 New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.36% | 0.10% | 0.37% | 0.38% | 0.23% | 1.23% | 1.05% | |
| EUR | -0.36% | -0.26% | -0.02% | 0.02% | -0.13% | 0.89% | 0.69% | |
| GBP | -0.10% | 0.26% | 0.28% | 0.28% | 0.13% | 1.16% | 0.94% | |
| JPY | -0.37% | 0.02% | -0.28% | 0.05% | -0.09% | 0.88% | 0.68% | |
| CAD | -0.38% | -0.02% | -0.28% | -0.05% | -0.17% | 0.83% | 0.65% | |
| AUD | -0.23% | 0.13% | -0.13% | 0.09% | 0.17% | 1.02% | 0.82% | |
| NZD | -1.23% | -0.89% | -1.16% | -0.88% | -0.83% | -1.02% | -0.22% | |
| CHF | -1.05% | -0.69% | -0.94% | -0.68% | -0.65% | -0.82% | 0.22% |
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 United States (US) military's Central Command said that it launched "self-defence" strikes on Iran's Qeshm Island and "defeated multiple" Iranian missiles and drones in response to Iran's drone attacks on US forces in Kuwait. Additionally, Iran reportedly launched three missiles at Bahrain, which were intercepted by US and Bahrain air defence forces.
On Tuesday, the data from the US showed that JOLTS Job Openings rose sharply to 7.6 million in April from 6.88 million in March. This print surpassed the market expectation of 6.88 million by a wide margin. The USD Index continues to edge higher after posting small gains on Tuesday and was last seen rising 0.15% on the day at 99.35. In the meantime, US stock index futures lose between 0.1% and 0.2% on the day, while the barrel of West Texas Intermediate (WTI) gains about 2% on the day above $93.50.
The Australian Bureau of Statistics (ABS) reported early Wednesday that the Gross Domestic Product (GDP) expanded 0.3% on a quarterly basis in the first quarter. This print followed the 0.9% growth recorded in the last quarter of 2025 and came in below analysts' estimate of 0.5%. AUD/USD remains under bearish pressure early Wednesday and trades near 0.7150, losing about 0.4% on the day.
EUR/USD stays on the back foot and declines toward 1.1600 in the European morning on Wednesday after closing virtually unchanged on Tuesday.
GBP/USD ignored the broad-based USD resilience and registered marginal gains on Tuesday. The pair edges lower in the early European session and trades below 1.3450.
Japan’s Finance Minister Satsuki Katayama said on Wednesday that the authorities are ready to act on the foreign exchange if required. USD/JPY trades at its highest level since April 30, when the Japanese government intervened, near 160.00.
Gold (XAU/USD) failed to stage a rebound on Tuesday and ended the day almost flat. XAU/USD turns south on Wednesday and declines toward $4,450.
Read more
* 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.
