Created
: 2025.01.28
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Forex Today: US Dollar rebounds on Trump tariff talks, eyes on US data
World FX news
Breaking news
Forex Today: US Dollar rebounds on Trump tariff talks, eyes on US data
New
2025.01.28 16:28
2025.01.28 16:28
2025.01.28 16:28
Here is what you need to know on Tuesday, January 28:
Following Monday's choppy action, the US Dollar gathers strength against its rivals early Tuesday as markets assess US President Donald Trump's latest comments on tariffs. Later in the day, December Durable Goods Orders and the Conference Board's Consumer Confidence Index data for January will be featured in the US economic calendar.
US Treasury Secretary Scott Bessent said late Monday that he is pushing for universal tariffs on imports to start at 2.5% and rise gradually, per the Financial Times. While speaking with reporters on Air Force One early Tuesday, President Trump responded to these remarks and said that he wants tariffs "much bigger than 2.5%," adding that he hasn't yet decided on the level. Following this comment, the US Dollar Index gained traction and was last seen rising toward 108.00, gaining more than 0.4% on the day.
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 | 0.47% | 0.39% | 0.73% | 0.16% | 0.55% | 0.49% | 0.42% | |
| EUR | -0.47% | -0.08% | 0.26% | -0.30% | 0.08% | 0.03% | -0.05% | |
| GBP | -0.39% | 0.08% | 0.35% | -0.23% | 0.13% | 0.09% | 0.03% | |
| JPY | -0.73% | -0.26% | -0.35% | -0.58% | -0.20% | -0.27% | -0.33% | |
| CAD | -0.16% | 0.30% | 0.23% | 0.58% | 0.39% | 0.32% | 0.25% | |
| AUD | -0.55% | -0.08% | -0.13% | 0.20% | -0.39% | -0.06% | -0.12% | |
| NZD | -0.49% | -0.03% | -0.09% | 0.27% | -0.32% | 0.06% | -0.07% | |
| CHF | -0.42% | 0.05% | -0.03% | 0.33% | -0.25% | 0.12% | 0.07% |
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).
EUR/USD touched its highest level since mid-December above 1.0530 on Monday but erased a large portion of its daily gains to close marginally higher. The pair stays under bearish pressure and trades below 1.0450 in the European morning.
After closing the third consecutive trading day in positive territory on Monday, GBP/USD loses its traction and drops below 1.2450 to begin the European session on Tuesday.
USD/JPY declined nearly 1% on Monday but erased nearly all of these losses on Tuesday. The pair was last seen trading decisively higher on the day above 155.70. In the early trading hours of the Asian session on Wednesday, the Bank of Japan will polish its Policy Meeting Minutes.
AUD/USD stays on the back foot in the European morning and trades near 0.6250. Fourth-quarter Consumer Price Index (CPI) data from Australia will be watched closely by market participants early Wednesday.
Gold turned south following the previous week's rally and lost more than 1% on Monday. XAU/USD holds its ground early Wednesday but trades below $2,750.
Risk sentiment FAQs
In the world of financial jargon the two widely used terms "risk-on" and "risk off'' refer to the level of risk that investors are willing to stomach during the period referenced. In a "risk-on" market, investors are optimistic about the future and more willing to buy risky assets. In a "risk-off" market investors start to 'play it safe' because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest.
Typically, during periods of "risk-on", stock markets will rise, most commodities - except Gold - will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a "risk-off" market, Bonds go up - especially major government Bonds - Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit.
The Australian Dollar (AUD), the Canadian Dollar (CAD), the New Zealand Dollar (NZD) and minor FX like the Ruble (RUB) and the South African Rand (ZAR), all tend to rise in markets that are "risk-on". This is because the economies of these currencies are heavily reliant on commodity exports for growth, and commodities tend to rise in price during risk-on periods. This is because investors foresee greater demand for raw materials in the future due to heightened economic activity.
The major currencies that tend to rise during periods of "risk-off" are the US Dollar (USD), the Japanese Yen (JPY) and the Swiss Franc (CHF). The US Dollar, because it is the world's reserve currency, and because in times of crisis investors buy US government debt, which is seen as safe because the largest economy in the world is unlikely to default. The Yen, from increased demand for Japanese government bonds, because a high proportion are held by domestic investors who are unlikely to dump them - even in a crisis. The Swiss Franc, because strict Swiss banking laws offer investors enhanced capital protection.
Last updated
: 2025.01.28
Related articles
NZD/USD sticks to modest recovery gains below mid-0.5600s, upside seems limited
18 minutes agoUSD/CHF holds positive ground near 0.9100, eyes on US PCE release
19 minutes agoBOJ's Ueda: Underlying inflation is still somewhat below 2%
25 minutes agoEUR/GBP breaks below 0.8350 as traders expect more ECB rate cuts
37 minutes agoAUD/JPY holds gains above 96.00, upside seems limited due to Trump's tariff threats
2025.01.31 14:08USD/CAD flat lines below 1.4500, looks to US PCE Price Index for fresh impetus
2025.01.31 13:55
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
NZD/USD sticks to modest recovery gains below mid-0.5600s, upside seems limited
The NZD/USD pair attracts some buyers during the Asian session on Friday and for now, seems to have snapped a three-day losing streak to over a one-week low, around the 0.5620 area touched the previous day.
New
2025.01.31 15:01USD/CHF holds positive ground near 0.9100, eyes on US PCE release
The USD/CHF pair trades with mild gains to near 0.9100 during the early European session on Friday.
New
2025.01.31 15:00BOJ's Ueda: Underlying inflation is still somewhat below 2%
Bank of Japan (BoJ) Governor Kazuo Ueda said on Friday that underlying inflation is still somewhat below 2%.
New
2025.01.31 14:53EUR/GBP breaks below 0.8350 as traders expect more ECB rate cuts
EUR/GBP offers its recent gains from the previous session, trading around 0.8360 during the Asian hours on Friday.
New
2025.01.31 14:42AUD/JPY holds gains above 96.00, upside seems limited due to Trump's tariff threats
AUD/JPY halts its two days of losses, trading around 96.00 during the Asian hours on Friday.
New
2025.01.31 14:08USD/CAD flat lines below 1.4500, looks to US PCE Price Index for fresh impetus
USD/CAD stalls the overnight pullback from a multi-year peak.
New
2025.01.31 13:55EUR/USD attracts some sellers below 1.0400 ahead of German Retail Sales data
The EUR/USD pair attracts some sellers to around 1.0385 during the Asian trading hours on Friday.
New
2025.01.31 13:38India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Friday, according to data compiled by FXStreet.
New
2025.01.31 13:36GBP/USD falls to near 1.2400 due to risk-off sentiment following Trump tariff threats
GBP/USD continues its losing streak for the fourth successive session, trading around 1.2420 during the Asian hours on Friday.
New
2025.01.31 13:19Gold price stands firm near all-time peak, just below $2,800 mark
Gold price enters a bullish consolidation phase after hitting a fresh record high during the Asian session on Friday and currently trades just below the $2,800 mark.
New
2025.01.31 13:05Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
