Created
: 2025.08.22
- 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: US Dollar extends weekly uptrend ahead of Powell speech at Jackson Hole
World FX news
Breaking news
Forex Today: US Dollar extends weekly uptrend ahead of Powell speech at Jackson Hole
New
2025.08.22 16:30
2025.08.22 16:30
2025.08.22 16:30
Here is what you need to know on Friday, August 22:
The US Dollar (USD) stays resilient against its rivals early Friday after posting decisive gains on Thursday. Later in the American session, Federal Reserve (Fed) Chair Jerome Powell will deliver a speech on "Economic Outlook and Framework Review" at the annual Jackson Hole Economic Policy Symposium, hosted by the Kansas City Fed.
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 New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 1.00% | 1.09% | 0.88% | 0.70% | 1.39% | 2.01% | 0.45% | |
| EUR | -1.00% | 0.09% | -0.14% | -0.29% | 0.41% | 0.97% | -0.54% | |
| GBP | -1.09% | -0.09% | -0.32% | -0.37% | 0.32% | 0.89% | -0.67% | |
| JPY | -0.88% | 0.14% | 0.32% | -0.15% | 0.54% | 1.15% | -0.41% | |
| CAD | -0.70% | 0.29% | 0.37% | 0.15% | 0.66% | 1.30% | -0.29% | |
| AUD | -1.39% | -0.41% | -0.32% | -0.54% | -0.66% | 0.56% | -0.98% | |
| NZD | -2.01% | -0.97% | -0.89% | -1.15% | -1.30% | -0.56% | -1.56% | |
| CHF | -0.45% | 0.54% | 0.67% | 0.41% | 0.29% | 0.98% | 1.56% |
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 gathered strength in the second half of the day on Thursday after the preliminary S&P Global Purchasing Managers' Index (PMI) data for August showed that the economic activity in the private sector expanded at a faster pace than anticipated. The Manufacturing PMI rose to 53.3 from 49.8 in July and the Services PMI came in at 55.4, beating the market expectation of 54.2. The USD Index rose about 0.4% on the day and continued to stretch higher early Friday. At the time of press, the index was trading at an 11-day high at 98.75, gaining nearly 1% for the week. Meanwhile, US stock index futures lose between 0.2% and 0.6% in the European morning on Friday after Wall Street's main indexes closed in the red on Thursday.
USD/CAD trades at a fresh three-month high above 1.3900 in the early European session on Friday. In the second half of the day, Statistics Canada will publish Retail Sales data for July.
EUR/USD stays under modest bearish pressure and trades below 1.1600. On Thursday, the pair lost about 0.4%, pressured by the broad-based USD strength.
GBP/USD fell 0.3% on Thursday and closed the fourth consecutive day in negative territory. The pair stays on the back foot in the European morning and tests 1.3400.
Following Wednesday's rebound, Gold lost its traction and registered losses on Thursday as the benchmark 10-year US Treasury bond yield pushed higher following the upbeat US PMI data. XAU/USD continues to edge lower and trades near $3,330 in the European session.
USD/JPY gathered bullish momentum and rose more than 0.7% on Thursday. The pair holds its ground and trades at a fresh three-week high near 148.50.
Pound Sterling FAQs
The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as 'Cable', which accounts for 11% of FX, GBP/JPY, or the 'Dragon' as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE).
The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of "price stability" - a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects.
Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall.
Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
Last updated
: 2025.08.22
Related articles
GBP/USD catches fresh bids on renewed US Dollar selling pressure
49 minutes agoUS to push G7 to impose high tariffs on China, India over Russian oil purchases -- FT
55 minutes agoUSD/JPY softens to near 147.00 as Fed rate cut bets stay firm
2025.09.12 08:07AUD/USD touches new ten-month high as Greenback easing continues
2025.09.12 08:05EUR/USD recovers 1.1700 as US CPI and jobless claims weigh on US Dollar
2025.09.12 07:17USD/CHF eases as Greenback declines amid Fed rate cut expectations
2025.09.12 05:32
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 Price Forecast: XAU/USD edges lower below $3,650 on profit-taking
The Gold price (XAU/USD) edges lower to around $3,630 during the early Asian session on Friday. The precious metal retreats from a record high on some profit-taking. Nonetheless, the rising bets of the US Federal Reserve (Fed) rate cut in the upcoming meeting might cap its downside.
New
2025.09.12 09:14GBP/USD catches fresh bids on renewed US Dollar selling pressure
GBP/USD rallied over one-third of one percent on Thursday, bolstered by fresh US Dollar (USD) weakness as investors pile into bets that the Federal Reserve (Fed) will finally be pushed into a series of interest rate cuts through the rest of the year.
New
2025.09.12 08:27US to push G7 to impose high tariffs on China, India over Russian oil purchases -- FT
The United States (US) plans to urge Group of Seven (G7) nations to hit India and China with sharply higher tariffs for buying Russian oil in an attempt to force Moscow into peace talks with Ukraine, the Financial Times (FT) reported on Thursday.
New
2025.09.12 08:21USD/JPY softens to near 147.00 as Fed rate cut bets stay firm
The USD/JPY pair attracts some sellers near 147.15 during the early Asian session on Friday. The US Dollar (USD) remains weak against the Japanese Yen (JPY) as US inflation reports support the case for the first interest rate cut by the Federal Reserve (Fed) since December 2024.
New
2025.09.12 08:07AUD/USD touches new ten-month high as Greenback easing continues
AUD/USD knocked into another new ten-month peak on Thursday, clocking in an intraday peak above 0.6650 for the first time since last November.
New
2025.09.12 08:05EUR/USD recovers 1.1700 as US CPI and jobless claims weigh on US Dollar
EUR/USD advances during the North American session after the European Central Bank decided to hold rates unchanged, while the Greenback weakened after the Consumer Price Index (CPI) report was aligned with estimates. At the time of writing, the pair trades at 1.1733 up by 0.34%.
New
2025.09.12 07:17USD/CHF eases as Greenback declines amid Fed rate cut expectations
USD/CHF chalked in a technical rejection of the 0.8000 handle on Thursday, with the US Dollar (USD) taking a beating across the board.
New
2025.09.12 05:32Donald Trump asks higher court to wave off order allowing Cook to remain at Fed
United States (US) President Donald Trump and his administration have formally asked the federal appeals court to pause a federal order that would allow Lisa Cook to remain at her post at the Federal Reserve (Fed) pending an official probe into accusations of mortgage fraud.
New
2025.09.12 04:42Forex Today: Greenlight for a Fed cut, UK GDP in focus
Inflation prints in the producer and the consumer side in the US further cemented the case for the first interest rate cut by the Federal Reserve, since December 2024.
New
2025.09.12 04:30NZD/USD climbs to near one-month high as Greenback weakens after US CPI data
The New Zealand Dollar (NZD) edges higher against the US Dollar (USD) on Thursday, with NZD/USD extending gains for the second straight session after reversing earlier losses as the Greenback softened in the wake of the latest US inflation release.
New
2025.09.12 03:27Disclaimer:
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
