Created
: 2025.09.16
- 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
AUD/USD holds onto gains near 0.6670 as US Dollar declines further
World FX news
Breaking news
AUD/USD holds onto gains near 0.6670 as US Dollar declines further
New
2025.09.16 20:44
2025.09.16 20:44
2025.09.16 20:44
- AUD/USD clings to gains near 0.6670 amid weakness in the US Dollar.
- The Fed is certain to cut interest rates in the policy meeting on Wednesday.
- Australian Unemployment Rate is expected to have remained steady at 4.25 in August.
The AUD/USD trades firmly near its Monday's high around 0.6670 during the European trading session on Tuesday. The Aussie pair demonstrates strength as the US Dollar (USD) falls further due to firm expectations that the Federal Reserve (Fed) will start unwinding the restrictive monetary policy stance from its monetary policy outcome on Wednesday.
During the press time, the US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, posts a fresh seven-week low near 97.00.
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 Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.44% | -0.30% | -0.19% | -0.18% | -0.12% | -0.07% | -0.51% | |
| EUR | 0.44% | 0.13% | 0.10% | 0.24% | 0.37% | 0.35% | -0.07% | |
| GBP | 0.30% | -0.13% | 0.02% | 0.12% | 0.26% | 0.23% | -0.21% | |
| JPY | 0.19% | -0.10% | -0.02% | 0.10% | 0.16% | -0.04% | -0.25% | |
| CAD | 0.18% | -0.24% | -0.12% | -0.10% | 0.06% | 0.08% | -0.32% | |
| AUD | 0.12% | -0.37% | -0.26% | -0.16% | -0.06% | 0.07% | -0.44% | |
| NZD | 0.07% | -0.35% | -0.23% | 0.04% | -0.08% | -0.07% | -0.38% | |
| CHF | 0.51% | 0.07% | 0.21% | 0.25% | 0.32% | 0.44% | 0.38% |
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).
According to the CME FedWatch tool, there is a 96% chance that the Fed will reduce interest rates by 25 basis points (bps) to 4.00%-4.25%, while the rest support a bigger reduction of 50 bps.
Fed dovish expectations have been boosted by deteriorating United States (US) labor market conditions in the wake of tariffs imposed by President Donald Trump. Lately, a majority of Fed members, including Chair Jerome Powell, argued in favor of monetary policy expansion, citing downside employment risks.
Meanwhile, investors await the US Retail Sales data for August, which will be published at 12:30 GMT. The Census Bureau is expected to show that Retail Sales, a key measure of consumer spending, is estimated to have grown at a moderate pace of 0.2%.
In Australia, investors await the employment data for August, which is scheduled for Thursday. The Unemployment Rate is seen steady at 4.2%. The economy is expected to have added 21.2K fresh workers, slightly lower than the prior reading of 24.5K.
Fed FAQs
Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed's 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback.
The Federal Reserve (Fed) holds eight policy meetings a year, where the Federal Open Market Committee (FOMC) assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials - the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis.
In extreme situations, the Federal Reserve may resort to a policy named Quantitative Easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used during crises or when inflation is extremely low. It was the Fed's weapon of choice during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy high grade bonds from financial institutions. QE usually weakens the US Dollar.
Quantitative tightening (QT) is the reverse process of QE, whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing, to purchase new bonds. It is usually positive for the value of the US Dollar.
Last updated
: 2025.09.16
Related articles
EUR/USD holds firm above 1.1800 as strong US Retail Sales limits Dollar downside
2025.09.16 22:10Canada CPI unlikely to alter BOC easing path - BBH
2025.09.16 19:49When is the US Retail Sales data and how it could affect EUR/USD?
2025.09.16 19:38EUR/USD targets July high at 1.1829 - BBH
2025.09.16 19:34USD/CAD languishes below 1.3780 ahead of Canadian and US data releases
2025.09.16 19:17USD/JPY: Likely to trade in a range between 147.00 and 147.60 - UOB Group
2025.09.16 19:12
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
EUR/USD holds firm above 1.1800 as strong US Retail Sales limits Dollar downside
The Euro (EUR) came under mild pressure against the US Dollar (USD) during the American session on Tuesday, as upbeat US economic data tempers risk appetite and lifts the Greenback modestly off recent lows.
New
2025.09.16 22:10Gold Price Forecast: XAU/USD approaches $3,700 on Dollar's weakness
Gold appreciated for the third consecutive day on Tuesday as the US dollar tanked amid hopes of a dovish turn by the Fed on Wednesday. The US Dollar Index has dropped to fresh two-month lows, which buoys the precious metal to fresh record highs right below $3,700.
New
2025.09.16 19:57Canada CPI unlikely to alter BOC easing path - BBH
Canada's August CPI is expected to confirm that underlying inflation pressures are stable but fading, leaving the Bank of Canada free to resume easing as labor market weakness deepens and policy divergence weighs on CAD, particularly against AUD and NOK, BBH FX analysts report.
New
2025.09.16 19:49Chinese refineries processed more crude oil in August - Commerzbank
Chinese refineries processed 63.46 million tons of crude oil in August, according to data from the National Bureau of Statistics (NBS). This was 7.4% more than in the same month last year, Commerzbank's commodity analyst Carsten Fritsch notes.
New
2025.09.16 19:39When is the US Retail Sales data and how it could affect EUR/USD?
The United States (US) Retail Sales for August is due for release today at 12:30 GMT. The Retail Sales data, a key measure of consumer spending, is expected to have grown at a moderate pace of 0.2%, against a 0.5% increase seen in July.
New
2025.09.16 19:38EUR/USD targets July high at 1.1829 - BBH
EUR/USD is firming toward its July high as resilient Eurozone data and a steady ECB policy stance underpin the uptrend, while relative Fed dovishness continues to favor the euro, BBH FX analysts report, BBH FX analysts report.
New
2025.09.16 19:34Ukrainian drone attack on Russian export terminal causes Oil prices to rise - Commerzbank
Oil prices rose significantly on Friday, recovering from the losses suffered the previous day. The price of Brent crude jumped from its previous low of around $2 to $68 per barre, Commerzbank's commodity analyst Carsten Fritsch notes.
New
2025.09.16 19:21USD/CAD languishes below 1.3780 ahead of Canadian and US data releases
The US Dollar extends losses on Tuesday after a nearly 0.5% decline on Monday. Bears are focusing on 10-day lows, at 1.3760, with upside attempts capped below 1.3780 as the market awaits Canadian CPI and US Retail sales to frame interest rate decisions later this week.
New
2025.09.16 19:17USD/JPY: Likely to trade in a range between 147.00 and 147.60 - UOB Group
US Dollar (USD) is likely to trade in a range between 147.00 and 147.60. In the longer run, a narrower range of 146.20/148.50 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.09.16 19:12USD: Benign global conditions keep the dollar soft - ING
The dollar has started the week on the softish side. This may partly involve some pre-positioning ahead of tomorrow night's Fed rate cut. But it will also be a function of the benign external environment, ING's FX analyst Chris Turner notes.
New
2025.09.16 18:57Disclaimer:
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
