Created
: 2025.05.22
- 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: Attention turns to May PMI data from major economies
World FX news
Breaking news
Forex Today: Attention turns to May PMI data from major economies
New
2025.05.22 16:27
2025.05.22 16:27
2025.05.22 16:27
Here is what you need to know on Thursday, May 22:
The trading action in financial markets remain relatively quiet early Thursday as investors gear up for preliminary Purchasing Managers Index (PMI) data from Germany, the Eurozone, the UK and the US. The US economic calendar will also feature weekly Initial Jobless Claims and April Existing Home Sales data, and officials from major central banks will be delivering speeches later in the day.
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 weakest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -1.17% | -1.02% | -1.38% | -0.79% | -0.58% | -0.72% | -1.33% | |
| EUR | 1.17% | 0.13% | -0.16% | 0.45% | 0.72% | 0.52% | -0.16% | |
| GBP | 1.02% | -0.13% | -0.60% | 0.32% | 0.59% | 0.39% | -0.29% | |
| JPY | 1.38% | 0.16% | 0.60% | 0.61% | 0.97% | 0.88% | 0.10% | |
| CAD | 0.79% | -0.45% | -0.32% | -0.61% | 0.23% | 0.07% | -0.61% | |
| AUD | 0.58% | -0.72% | -0.59% | -0.97% | -0.23% | -0.20% | -0.86% | |
| NZD | 0.72% | -0.52% | -0.39% | -0.88% | -0.07% | 0.20% | -0.68% | |
| CHF | 1.33% | 0.16% | 0.29% | -0.10% | 0.61% | 0.86% | 0.68% |
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).
During the Asian trading hours on Thursday, the House Rules Committee approved US President Donald Trump's sweeping tax-cut bill. A full house floor vote on the bill is expected following a debate later in the day. Meanwhile, US Treasury bond yields shot higher late Wednesday after the weak demand seen in the 20-year note auction. The benchmark 10-year US yield rose more than 2.5% on Wednesday and reached its highest level since February above 4.6%. After closing in the negative territory for three consecutive days, the US Dollar Index fluctuates in a tight channel above 99.50.
EUR/USD stays in a consolidation phase above 1.1300 in the European morning on Thursday. Later in the session, the European Central Bank will release Monetary Policy Meeting Accounts.
GBP/USD climbed to its highest level in more than three years at 1.3470 on Wednesday but erased a portion of its daily gains in the American trading hours. The pair fluctuates in a narrow band slightly above 1.3400 to start the European session.
Atsushi Mimura, Japan's Vice Finance Minister for International Affairs and top foreign exchange official, said early Thursday that they did not discuss foreign exchange levels at the finance ministers' meeting. USD/JPY remains in a downtrend and trades in negative territory below 143.50.
Gold gathered bullish momentum and rose above $3,300 on Wednesday. XAU/USD holds its ground and trades near $3,330 in the European morning. The Wall Street Journal reported that President Trump told European leaders earlier in the week that that Russian President Vladimir Putin isn't ready to end the war because he thinks he is winning.
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
: 2025.05.22
Related articles
When consensus on the 'safe haven' characteristic breaks down - Commerzbank
5 minutes agoG7 FX talks fuel USD bearishness - Danske Bank
10 minutes agoUSD: Trading US deficit fears - ING
25 minutes agoThe wonderfully normal Bank of England - Commerzbank
30 minutes agoGBP/USD falls to near 1.3400 following mixed UK PMI data
35 minutes agoGBP: EUR/GBP drop delayed - ING
49 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
When consensus on the 'safe haven' characteristic breaks down - Commerzbank
In times of increasing 'geostrategic uncertainty', the US Dollar has recently been tending to weaken rather than strengthen. The more this price behavior of the US currency becomes apparent, the more it could intensify, Commerzbank's Head of FX and Commodity Research Ulrich Leuchtmann notes.
New
2025.05.22 18:40G7 FX talks fuel USD bearishness - Danske Bank
EUR/USD edged higher above 1.13 as the USD continues to soften in an otherwise relatively quiet week for G10 FX, Danske Bank's FX analysts report.
New
2025.05.22 18:35Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Thursday, according to FXStreet data.
New
2025.05.22 18:33USD: Trading US deficit fears - ING
Yesterday, we suggested that the G7 finance ministers' meeting in Canada could produce USD-supportive headlines, particularly if there were signs of easing trade tensions.
New
2025.05.22 18:21The wonderfully normal Bank of England - Commerzbank
Inflation rose sharply in the United Kingdom in April - more than analysts had expected. This was reported yesterday by the Office for National Statistics (ONS). The surprisingly high increase was broad-based.
New
2025.05.22 18:16GBP/USD falls to near 1.3400 following mixed UK PMI data
GBP/USD is depreciating after the mixed S&P Global/CIPS UK Manufacturing Purchasing Managers' Index (PMI) data was released on Thursday. The pair has maintained its position near 1.3468, the highest since February 2022, reached on Wednesday, and is trading around 1.3410 during the European hours.
New
2025.05.22 18:11GBP: EUR/GBP drop delayed - ING
April's rise in UK services inflation was mostly down to a temporary spike in air fares and package holidays caused by the timing of Easter--an effect that should unwind soon, ING's FX analyst Francesco Pesole notes.
New
2025.05.22 17:57New Zealand: Fiscally adrift - Standard Chartered
Government maintained its goal of returning to a surplus by FY29; but deficit path has widened materially. Growth forecasts were downgraded across the forecast horizon. Near-term issuance trimmed, but total borrowing over the forecast horizon revised up by NZD 4bn.
New
2025.05.22 17:53EUR/USD briefly dips as Eurozone PMIs unexpectedly decline
EUR/USD faces selling pressure and falls to near 1.1310 during European trading hours on Thursday. The major currency pair drops as the Euro (EUR) underperforms after the release of the surprisingly weak preliminary Eurozone HCOB Purchasing Managers' Index (PMI) data for May.
New
2025.05.22 17:48ECB's Vujčić: Eurozone growth positive but low
European Central Bank (ECB) policymaker Boris Vujčić said on Thursday that the "Eurozone growth positive but low."
New
2025.05.22 17:48Disclaimer:
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
