Created
: 2025.06.02
- 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 weakens to start week as markets await PMI data
World FX news
Breaking news
Forex Today: US Dollar weakens to start week as markets await PMI data
2025.06.02 16:11
2025.06.02 16:11
Here is what you need to know on Monday, June 2:
The US Dollar (USD) weakens against its major rivals on the first trading day of June. In the second half of the day, the US economic calendar will feature the ISM Manufacturing Purchasing Managers (PMI) data for May. Market participants will also pay close attention to comments from central bank officials.
US Dollar PRICE Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.49% | -0.52% | -0.44% | -0.33% | -0.58% | -0.75% | -0.43% | |
| EUR | 0.49% | -0.04% | 0.07% | 0.15% | -0.08% | -0.30% | 0.06% | |
| GBP | 0.52% | 0.04% | 0.12% | 0.19% | -0.04% | -0.26% | 0.09% | |
| JPY | 0.44% | -0.07% | -0.12% | 0.11% | -0.14% | -0.33% | -0.07% | |
| CAD | 0.33% | -0.15% | -0.19% | -0.11% | -0.25% | -0.45% | -0.10% | |
| AUD | 0.58% | 0.08% | 0.04% | 0.14% | 0.25% | -0.15% | 0.23% | |
| NZD | 0.75% | 0.30% | 0.26% | 0.33% | 0.45% | 0.15% | 0.35% | |
| CHF | 0.43% | -0.06% | -0.09% | 0.07% | 0.10% | -0.23% | -0.35% |
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, which gauges the USD's performance against a basket of six major currencies, ended the previous week marginally higher. The data published by the US Bureau of Economic Analysis showed on Friday that the annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, declined to 2.1% in April from 2.3% in March.
Early Monday, the USD Index stays in negative territory slightly below 99.00. Meanwhile, US stock index futures were last seen losing between 0.5% and 0.7% on the day, reflecting a cautious market mood at the start of the week. Escalating geopolitical tensions on news of Ukraine carrying out a large scale drone attack against Russian military bombers in Siberia seem to be weighing on risk sentiment.
Japan's Prime Minister Shigeru Ishiba reiterated early Monday that Japan will not back down in its request to reduce tariffs. On Thursday, Japan's Economy Minister Ryosei Akazawa is expected to hold discussions with US Treasury Secretary Scott Bessent. USD/JPY stays under bearish pressure early Monday and trades below 143.50.
EUR/USD gains traction in the European morning and trades near 1.1400. The European economic calendar will feature revisions to the Eurozone and Germany HCOB Manufacturing PMI data for May.
Following Friday's modest decline, GBP/USD turns north on Monday and trades comfortably above 1.3500. The Bank of England (BoE) will publish Mortgage Approvals data for April.
Gold benefits from the risk-averse market atmosphere and registers strong gains early Monday. XAU/USD was last seen trading slightly below $3,350, rising more than 1.5% on a daily basis.
The data from Switzerland showed on Monday that the Gross Domestic Product (GDP) expanded at an annual rate of 2% in the second quarter. This reading surpassed the market expectation of 1.5%. USD/CHF edges lower following the upbeat data and trades slightly below 0.8200.
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
: 2025.06.02
Related articles
Canadian Dollar snaps lower after Trump pulls the plug on trade talks with Canada
2025.06.28 05:43EUR/USD slips below 1.1700 as core PCE tops estimates, Eurozone data mixed
2025.06.28 05:39AUD/USD retreats from YTD highs as risk sentiment steadies, US Dollar firms
2025.06.28 04:37NZD/USD holds below YTD peak, capped in rising wedge pattern
2025.06.28 03:23EUR/USD hits multi-year highs as USD struggles despite hotter PCE print
2025.06.28 01:44USD/JPY edges higher as US core PCE rises and risk-on sentiment reduces demand for the Yen
2025.06.28 01:04
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
Silver Price Forecast: XAG/USD dips below $36.20 after bearish reversal, US yields rebound
Silver price sinks more than 1% on Friday, ahead of the weekend, after refreshing five-day highs of $36.83, ahead of $37.00. At the time of writing, XAG/USD trades at $36.16 due to a slight recovery in the US dollar and rising US Treasury yields.
New
2025.06.28 05:57Canadian Dollar snaps lower after Trump pulls the plug on trade talks with Canada
The Canadian Dollar (CAD) backslid on Friday, falling back on a combination of weakening Canadian Gross Domestic Product (GDP) growth metrics and fresh trade tensions with US President Donald Trump.
New
2025.06.28 05:43EUR/USD slips below 1.1700 as core PCE tops estimates, Eurozone data mixed
The EUR/USD retreats from yearly highs above 1.1750, tumbling below 1.1700 despite market participants being convinced that the Federal Reserve (Fed) will cut rates at the September meeting.
New
2025.06.28 05:39AUD/USD retreats from YTD highs as risk sentiment steadies, US Dollar firms
The Australian Dollar (AUD) is pulling back from weekly highs against the US Dollar (USD) on Friday.
New
2025.06.28 04:37Dow Jones Industrial Average accelerates into the high end as interest rate cut bets climb
The Dow Jones Industrial Average (DJIA) gained ground on Friday, driven by a combination of investor expectations that the US will figure out how to secure trade deals that circumvent its own ringfence of threatened tariffs, and rising expectations of more rate cuts from the Federal Reserve (Fed) by
New
2025.06.28 03:50NZD/USD holds below YTD peak, capped in rising wedge pattern
NZD/USD struggles to extend its recent advance on Friday, hovering near 0.6045 after an intraday high of 0.6079. The pair remains trapped inside a rising wedge formation, typically a bearish signal, as the broadly weak US Dollar steadies.
New
2025.06.28 03:23WTI Crude Oil posts largest weekly drop since March 2023
West Texas Intermediate (WTI) Crude Oil has fallen sharply since reaching a high of $76.44 on Monday, with prices declining more than $10.00 per barrel this week.
New
2025.06.28 03:19Gold plunges below $3,300 as risk appetite surges on China trade deal, Middle East diplomacy
Gold price tumbled over 1.50% on Friday amid an improvement in risk appetite, driven by several factors.
New
2025.06.28 02:40EUR/USD hits multi-year highs as USD struggles despite hotter PCE print
The Euro (EUR) climbs for an eighth consecutive day against the US Dollar (USD) on Friday, as the Greenback remains under pressure amid a combination of political and economic headwinds.
New
2025.06.28 01:44Tensions on the Copper market - Commerzbank
According to the International Copper Study Group, the Copper market slipped from a supply surplus to a supply deficit of 50 thousand tons in April, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
New
2025.06.28 01:34Disclaimer:
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
