Created
: 2025.05.13
- 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 consolidates gains ahead of key inflation data
World FX news
Breaking news
Forex Today: US Dollar consolidates gains ahead of key inflation data
New
2025.05.13 16:31
2025.05.13 16:31
2025.05.13 16:31
Here is what you need to know on Tuesday, May 13:
The US Dollar (USD) retreats slightly in the European morning on Tuesday after posting impressive gains against its rivals to start the week. The European economic calendar will feature ZEW Survey - Economic Sentiment data for Germany and the Eurozone. In the second half of the day, April Consumer Price Index (CPI) data from the US will be watched closely.
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 Euro.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 1.19% | 0.76% | 1.09% | 0.55% | 0.00% | 0.50% | 0.88% | |
| EUR | -1.19% | -0.30% | 0.44% | -0.15% | -0.56% | -0.21% | 0.16% | |
| GBP | -0.76% | 0.30% | 0.92% | 0.16% | -0.24% | 0.02% | 0.47% | |
| JPY | -1.09% | -0.44% | -0.92% | -0.54% | -1.69% | -1.44% | -0.45% | |
| CAD | -0.55% | 0.15% | -0.16% | 0.54% | -0.28% | -0.06% | 0.31% | |
| AUD | -0.01% | 0.56% | 0.24% | 1.69% | 0.28% | 0.25% | 0.69% | |
| NZD | -0.50% | 0.21% | -0.02% | 1.44% | 0.06% | -0.25% | 0.34% | |
| CHF | -0.88% | -0.16% | -0.47% | 0.45% | -0.31% | -0.69% | -0.34% |
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 USD Index gathered bullish momentum and climbed to its highest level in a month near 102.00 on Monday as markets cheered the news of the US and China reaching a deal to pause reciprocal tariff rates for 90 days and to significantly lower them. Wall Street's main indexes shot higher after the opening bell and Nasdaq Composite rose 4% on the day. In the European morning on Tuesday, the USD Index stays in a consolidation phase at around 101.50, while US stock index futures lose between 0.2% and 0.35%.
The improving risk mood made it difficult for Gold to find demand on Monday. XAU/USD remained under heavy bearish pressure throughout the day and fell more than 2.5%. Early Tuesday, the pair stages a rebound and trades above $3,250.
EUR/USD turned south in the European session on Monday and ended up losing more than 1% on a daily basis. The pair recovers slightly in the European morning and trades slightly above 1.1100.
USD/JPY gained more than 2% on Monday and advanced to its strongest level since early April above 148.60. The pair corrects lower and trades below 148.00 to begin the European session. Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Tuesday that there are both upside and downside risks from US tariffs on Japan's prices.
GBP/USD holds steady at around 1.3200 to start the European session on Tuesday. The UK's Office for National Statistics reported earlier in the day that the ILO Unemployment Rate edged higher to 4.5% in the three months to March from 4.4% in February, as expected. Other details of the report showed that the Claimant Count Rate remained unchanged at 4.5% in this period, while the wage inflation, as measured by the changed in the Average Earnings Excluding Bonus, declined to 5.6% from 5.9%.
After losing more than 0.6% on Monday, AUD/USD gains traction on Tuesday and trades in positive territory above 0.6400. The data from Australia showed earlier in the day that the Westpac Consumer Confidence improved to 2.2% in May from -6% in April.
Inflation FAQs
Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core inflation excludes more volatile elements such as food and fuel which can fluctuate because of geopolitical and seasonal factors. Core inflation is the figure economists focus on and is the level targeted by central banks, which are mandated to keep inflation at a manageable level, usually around 2%.
The Consumer Price Index (CPI) measures the change in prices of a basket of goods and services over a period of time. It is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%. Since higher interest rates are positive for a currency, higher inflation usually results in a stronger currency. The opposite is true when inflation falls.
Although it may seem counter-intuitive, high inflation in a country pushes up the value of its currency and vice versa for lower inflation. This is because the central bank will normally raise interest rates to combat the higher inflation, which attract more global capital inflows from investors looking for a lucrative place to park their money.
Formerly, Gold was the asset investors turned to in times of high inflation because it preserved its value, and whilst investors will often still buy Gold for its safe-haven properties in times of extreme market turmoil, this is not the case most of the time. This is because when inflation is high, central banks will put up interest rates to combat it. Higher interest rates are negative for Gold because they increase the opportunity-cost of holding Gold vis-a-vis an interest-bearing asset or placing the money in a cash deposit account. On the flipside, lower inflation tends to be positive for Gold as it brings interest rates down, making the bright metal a more viable investment alternative.
Last updated
: 2025.05.13
Related articles
US Trade Rep. Greer: We're moving as quickly as we can on trade deals
4 minutes agoAUD/USD jumps above 0.6400 as antipodeans outperform on US-China tariff pause
9 minutes agoMexican Peso strengthens on improved global risk sentiment ahead of US inflation data
20 minutes agoChinese Copper imports have reached their limit - Commerzbank
29 minutes agoWTI extends winning streak on US-China trade truce
34 minutes agoUS Dollar unable to hold on to momentum ahead of US CPI
44 minutes ago
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
US Trade Rep. Greer: We're moving as quickly as we can on trade deals
United States Trade Representative (USTR) Jamieson Greer told CNBC on Tuesday that it will take time to end non-tariff barriers with China.
New
2025.05.13 20:23AUD/USD jumps above 0.6400 as antipodeans outperform on US-China tariff pause
The AUD/USD pair climbs to near 0.6410 during European trading hours on Tuesday. The Aussie pair strengthens on the outperformance of antipodeans after the United States (US) and China averted the trade war after agreeing to lower import duties following a two-day meeting in Switzerland.
New
2025.05.13 20:17Mexican Peso strengthens on improved global risk sentiment ahead of US inflation data
The Mexican Peso (MXN) is trading higher against the US Dollar (USD) on Tuesday as a rebound in global risk sentiment supports emerging market currencies ahead of a key macroeconomic week. At the time of writing, USD/MXN is trading around 19.578, down 0.30% intraday.
New
2025.05.13 20:07Chinese Copper imports have reached their limit - Commerzbank
In April, China imported a record-breaking 2.92 million tons of Copper ore and concentrate. Over the last 12 months, a total of 28.8 million tons were imported, which is also a record high.
New
2025.05.13 19:57WTI extends winning streak on US-China trade truce
West Texas Intermediate (WTI), futures on NYMEX, extends its winning streak for the fourth trading session on Tuesday. The Oil price climbs to near $62.00 as the 90-day agreement between the United States (US) and China to reduce tariffs substantially by 115% has boosted its demand outlook.
New
2025.05.13 19:53US Dollar unable to hold on to momentum ahead of US CPI
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, corrects to near 101.50 in the European trading session on Tuesday.
New
2025.05.13 19:43Strong inflows into Chinese Gold ETFs in April - Commerzbank
The World Gold Council reported Gold ETF data for April last week, Commerzbank's commodity analyst Carsten Fritsch notes.
New
2025.05.13 19:42USD/CNH can continue to weaken - UOB Group
US Dollar (USD) could continue to weaken vs Chinese Yuan (CNH); the major support at 7.1700 is likely out of reach for now. In the longer run, renewed downward momentum suggests 7.1700 is back in sight, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.05.13 19:39Silver, Platinum and Palladium also decline - Commerzbank
Silver, Platinum and Palladium initially rose after the tariff announcement yesterday, but subsequently also came under pressure in the wake of Gold, Commerzbank's commodity analyst Carsten Fritsch notes.
New
2025.05.13 19:30USD/JPY: Likely to trade in a 146.50/148.60 range - UOB Group
US Dollar (USD) is likely to trade in a 146.50/148.60 range vs Japanese Yen (JPY). In the longer run, further USD strength is likely, but it could first trade in a range for a few days; the level to monitor is 149.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.05.13 19:25Disclaimer:
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
