Created
: 2025.09.03
- 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 benefits from risk-aversion ahead of mid-tier data releases
World FX news
Breaking news
Forex Today: US Dollar benefits from risk-aversion ahead of mid-tier data releases
New
2025.09.03 14:47
2025.09.03 14:47
2025.09.03 14:47
Here is what you need to know on Wednesday, September 3:
The US Dollar (USD) gathered strength against its rivals on Tuesday as it attracted safe-haven flows. The US economic calendar will feature JOLTS Job Openings and Factory Orders data for July. Later in the session, the Federal Reserve's (Fed) Beige Book and comments from policymakers will be scrutinized 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 Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.59% | 1.00% | 1.13% | 0.46% | 0.52% | 0.65% | 0.74% | |
| EUR | -0.59% | 0.40% | 0.47% | -0.12% | -0.07% | 0.06% | 0.15% | |
| GBP | -1.00% | -0.40% | -0.06% | -0.52% | -0.47% | -0.34% | -0.21% | |
| JPY | -1.13% | -0.47% | 0.06% | -0.59% | -0.58% | -0.43% | -0.36% | |
| CAD | -0.46% | 0.12% | 0.52% | 0.59% | 0.07% | 0.19% | 0.32% | |
| AUD | -0.52% | 0.07% | 0.47% | 0.58% | -0.07% | 0.13% | 0.26% | |
| NZD | -0.65% | -0.06% | 0.34% | 0.43% | -0.19% | -0.13% | 0.13% | |
| CHF | -0.74% | -0.15% | 0.21% | 0.36% | -0.32% | -0.26% | -0.13% |
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 intense selloff seen in global bond markets triggered a flight to safety in financial markets on Tuesday. Yields on major economies' long-dated bonds rallied higher, while equity indexes remained under heavy pressure. In turn, the USD Index gained more than 0.6% on the day and erased the majority of the losses it suffered in the previous week. In the European morning on Wednesday, the USD Index holds steady at around 98.50. Meanwhile, US stock index futures trade mixed after Wall Street's main indexes closed deep in negative territory on Tuesday.
Gold was another asset that capitalized on risk aversion on Tuesday. XAU/USD rose more than 1.5% on Tuesday and continued to push higher to touch a new all-time-high $3,547 in the Asian session on Wednesday. At the time of press, the pair was consolidating its gains near $3,530.
The data from Australia showed that the Gross Domestic Product (GDP) expanded at an annual rate of 1.8% in the second quarter. This reading followed the 1.4% growth recorded in the first quarter and came in better than the market expectation of 1.6%. Following Tuesday's sharp decline, AUD/USD found support on upbeat GDP data and was last seen trading above 0.6500.
Bank of Japan (BoJ) Governor Kazuo Ueda said on Wednesday that there is no change in stance on raising interest rates. Ueda further stated that he will scrutinize without preconception whether the economy and prices move in line with their forecasts. Following Tuesday's rally, USD/JPY continues to edge higher and trades above 148.50.
EUR/USD struggles to gain traction early Wednesday and trades below 1.1650 after losing more than 0.5% on Tuesday.
GBP/USD fell more than 1% on Tuesday as the yield on the 30-year gilt surged to its highest level since 1998. The pair remains under pressure and declines toward 1.3350 in the European morning on Wednesday.
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
: 2025.09.03
Related articles
Dow Jones Industrial Average tumbles 250 points as NFP figures dip faster than expected
50 minutes agoUS Treasury Secretary Scott Bessent says the Fed must re-establish its credibility
2025.09.06 02:06US: We now expect a 50bps Fed cut in September - Standard Chartered
2025.09.06 01:41AUD/USD jumps to six-week high as weak US NFP cement Fed cut
2025.09.06 00:22USD/CAD steadies near 1.3800 as Canada jobs slump offsets US Dollar weakness
2025.09.05 22:54ECB preview: The ECB's rate cut cycle is probably over - ABN AMRO
2025.09.05 22:54
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
Gold blasts to record $3,600 as weak NFP ignite Fed cut frenzy
Gold price rallies sharply and hits a new all-time high of $3,600 on Friday, following a soft Nonfarm Payrolls report, which raised speculation that the Federal Reserve (Fed) is ready to resume rate cuts. XAU/USD trades at $3,594, up 1.30% at the time of writing.
New
2025.09.06 02:47Dow Jones Industrial Average tumbles 250 points as NFP figures dip faster than expected
The Dow Jones Industrial Average (DJIA) sank on Friday, falling nearly 500 points at its lowest after United States (US) Nonfarm Payrolls (NFP) data showed the US added far fewer jobs than expected, pinning expectations of a Federal Reserve (Fed) interest rate cut on September 17.
New
2025.09.06 02:37WTI hits three-month low as OPEC+ meeting looms
West Texas Intermediate (WTI) Crude Oil is heading into the weekend under heavy pressure, extending its losing streak to a third straight day as traders brace for the Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting on Sunday, September 7.
New
2025.09.06 02:26US Treasury Secretary Scott Bessent says the Fed must re-establish its credibility
United States (US) Treasury Secretary Scott Bessent warned that the Federal Reserve (Fed) must re-establish its crediblity and trust with the American people during an interview with the Wall Street Journal, published on Friday.
New
2025.09.06 02:06US: We now expect a 50bps Fed cut in September - Standard Chartered
August non-farm payrolls rose just 22k, well below the 75k consensus; three-month average is now 29k.
New
2025.09.06 01:41AUD/USD jumps to six-week high as weak US NFP cement Fed cut
The AUD/USD rallies to six weeks high of 0.6588 after the latest Nonfarm Payrolls report in the United States (US), had cemented the case that the Federal Reserve would cut rates at the September meeting. The pair trades at 0.6565 up 0.40%
New
2025.09.06 00:22Silver consolidates near 14-year high as weak NFP data boosts Fed cut bets
Silver (XAG/USD) is holding firm around $41.00 on Friday after retesting multi-year highs in the wake of soft US Nonfarm Payrolls (NFP) data. The metal peaked at $41.47 on Wednesday, its strongest level since September 2011, before easing slightly on Thursday.
New
2025.09.05 23:58USD/CAD steadies near 1.3800 as Canada jobs slump offsets US Dollar weakness
The Canadian Dollar (CAD) weakens on Friday after dismal labor market data, but broad US Dollar (USD) softness following a weak US Nonfarm Payrolls (NFP) report kept USD/CAD's upside in check. The pair is holding near the 1.3800 handle, rebounding from a four-day low in the aftermath of the release.
New
2025.09.05 22:54ECB preview: The ECB's rate cut cycle is probably over - ABN AMRO
The Governing Council kept policy on hold in July, and is likely to remain on hold at the September meeting and for the foreseeable future, ABN AMRO's economists Nick Kounis and Bill Divney report.
New
2025.09.05 22:54US Dollar Index sinks below 98.00 as Fed rate cut bets pick up pace
The Greenback loses further momentum on Friday, en route to weekly losses.
New
2025.09.05 22:35Disclaimer:
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
