Created
: 2025.08.28
- 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: Markets remain choppy as investors await US data
World FX news
Breaking news
Forex Today: Markets remain choppy as investors await US data
New
2025.08.28 16:21
2025.08.28 16:21
2025.08.28 16:21
Here is what you need to know on Thursday, August 28:
Major currency pairs trade in familiar ranges as investors wait for the next catalyst. The European economic docket will feature business and consumer sentiment data for August. In the second half of the day, weekly Initial Jobless Claims data and second-quarter Gross Domestic Product (GDP) revision from the US will be watched closely by market participants.
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 | 0.68% | 0.15% | 0.34% | -0.29% | -0.29% | 0.16% | 0.01% | |
| EUR | -0.68% | -0.53% | -0.41% | -0.96% | -0.90% | -0.52% | -0.66% | |
| GBP | -0.15% | 0.53% | -0.02% | -0.44% | -0.43% | 0.01% | -0.14% | |
| JPY | -0.34% | 0.41% | 0.02% | -0.58% | -0.60% | -0.11% | -0.21% | |
| CAD | 0.29% | 0.96% | 0.44% | 0.58% | 0.03% | 0.48% | 0.30% | |
| AUD | 0.29% | 0.90% | 0.43% | 0.60% | -0.03% | 0.45% | 0.30% | |
| NZD | -0.16% | 0.52% | -0.01% | 0.11% | -0.48% | -0.45% | -0.15% | |
| CHF | -0.01% | 0.66% | 0.14% | 0.21% | -0.30% | -0.30% | 0.15% |
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).
Following the bullish action seen in the first half of the day on Wednesday, the US Dollar (USD) Index lost its traction in the American session and closed the day marginally lower, while Wall Street's main indexes registered small gains. In the European morning, the USD Index holds steady above 98.00 and US stock index futures trade mixed.
The data from Australia showed that the ANZ Business Confidence Index improved slightly to 49.7 in August from 47.8 in July. In the second quarter, Private Capital Expenditure increase by 0.2%. This reading followed the 0.2% decline recorded in the previous quarter but missed the market expectation for a rise of 0.7%. AUD/USD edges higher early Thursday and trades at a fresh 10-day high above 0.6500.
After dropping to a three-week low near 1.1570, EUR/USD staged a rebound in the second half of the day on Wednesday to close virtually unchanged. The pair fluctuates in a tight channel at around 1.1650 in the European session. The European Central Bank (ECB) will release the minutes of its July meeting later in the session.
Bank of Japan (BoJ) monetary policy board member Junko Nakagawa repeated on Thursday that if the outlook for economic activity and prices is realized, the BoJ will continue to raise the interest rate. Following Wednesday's indecisive action, USD/JPY moves sideways below 147.50 in the European morning on Thursday.
GBP/USD seems to have entered a consolidation phase at around 1.3500 after closing the previous two days marginally higher.
Following a downward correction in the European session on Wednesday, Gold regained its traction and registered small gains. XAU/USD holds its ground early Thursday and trades within a touching distance of $3,400.
GDP FAQs
A country's Gross Domestic Product (GDP) measures the rate of growth of its economy over a given period of time, usually a quarter. The most reliable figures are those that compare GDP to the previous quarter e.g Q2 of 2023 vs Q1 of 2023, or to the same period in the previous year, e.g Q2 of 2023 vs Q2 of 2022. Annualized quarterly GDP figures extrapolate the growth rate of the quarter as if it were constant for the rest of the year. These can be misleading, however, if temporary shocks impact growth in one quarter but are unlikely to last all year - such as happened in the first quarter of 2020 at the outbreak of the covid pandemic, when growth plummeted.
A higher GDP result is generally positive for a nation's currency as it reflects a growing economy, which is more likely to produce goods and services that can be exported, as well as attracting higher foreign investment. By the same token, when GDP falls it is usually negative for the currency. When an economy grows people tend to spend more, which leads to inflation. The country's central bank then has to put up interest rates to combat the inflation with the side effect of attracting more capital inflows from global investors, thus helping the local currency appreciate.
When an economy grows and GDP is rising, people tend to spend more which leads to inflation. The country's central bank then has to put up interest rates to combat the inflation. Higher interest rates are negative for Gold because they increase the opportunity-cost of holding Gold versus placing the money in a cash deposit account. Therefore, a higher GDP growth rate is usually a bearish factor for Gold price.
Last updated
: 2025.08.28
Related articles
US: Initial Jobless Claims dropped to 229K last week
36 minutes agoUS economy grows 3.3% in Q2 vs. 3.1% expected
36 minutes agoEuro rebounds against Swiss Franc as ECB minutes highlight cautious outlook
47 minutes agoGBP/JPY slides to near 198.50, Japan's Akazawa cancels visit to Washington
2025.08.28 20:47EUR/USD nudges higher ahead of US GDP, Jobless Claims figures
2025.08.28 20:40JPY is supported by narrowed yield spreads and hawkish BoJ - Scotiabank
2025.08.28 20:21
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: Initial Jobless Claims dropped to 229K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance fell to 229K for the week ending August 23.
New
2025.08.28 21:36US economy grows 3.3% in Q2 vs. 3.1% expected
The United States' Gross Domestic Product expanded at an annual rate of 3.3% in the second quarter, the US Bureau of Economic Analysis (BEA) announced on Thursday. This print came in better than the initial estimate and the market expectation of 3% and 3.1%, respectively.
New
2025.08.28 21:35Euro rebounds against Swiss Franc as ECB minutes highlight cautious outlook
The Euro (EUR) is edging higher against the Swiss Franc (CHF) on Thursday, snapping a three-day losing streak that dragged the pair to its lowest level since August 4 on Wednesday. At the time of writing, EUR/CHF is staging a sharp rebound, trading around 0.9356 at the start of the American session.
New
2025.08.28 21:24Gold consolidates near $3,400 ahead of US GDP, Jobless Claims
Gold (XAU/USD) extends its advance for a third straight session on Thursday, trading near a more than two-week high, buoyed by a softer US Dollar (USD) and subdued Treasury yields.
New
2025.08.28 20:59GBP/JPY slides to near 198.50, Japan's Akazawa cancels visit to Washington
The GBP/JPY pair declines to near 198.50 during the European trading session on Thursday. The pair faces selling pressure as the Japanese Yen (JPY) outperforms a majority of its peers.
New
2025.08.28 20:47EUR/USD nudges higher ahead of US GDP, Jobless Claims figures
The EUR/USD pair extends its recovery from 1.1575 trading, reaching intra-day highs at 1.1670 ahead of the US session opening, with all eyes on the US GDP and Jobless Claims releases due later on the day.
New
2025.08.28 20:40JPY is supported by narrowed yield spreads and hawkish BoJ - Scotiabank
The Japanese Yen (JPY) is up 0.2% against the US Dollar (USD) and pushing toward the upper end of its recent range, supported by fundamentals and the relentless narrowing in US-Japan yield spreads, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.08.28 20:21GBP extending recovery in quiet week - Scotiabank
The Pound Sterling (GBP) is steady against the US Dollar (USD), trading with modest support as it extends Wednesday's bull reversal, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.08.28 20:19EUR well supported on easing political concerns as spreads push higher - Scotiabank
The Euro (EUR) is entering Thursday's NA session with marginal gains as it extends Wednesday's impressive recovery from a sub-1.16 intraday low, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.08.28 20:18CAD extending Wednesday's gains - Scotiabank
The Canadian Dollar (CAD) is nosing ahead this morning, extending yesterday's gains through the upper 1.37s and staking a claim on being one of the better-performing G10 currencies on the week so far, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.08.28 20:15Disclaimer:
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
