US Dollar Index Tumbles Below 98.30 Ahead of Q1 GDP and PCE Inflation Data Release The US Dollar (USD) faces intense selling pressure against its major currency peers ahead of the release of the United States (US) preliminary Q1 Gross Domestic Product (GDP) and the Personal Consumption Expenditure Price Index (PCE) data for March, which will be published at 12:30 GMT. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.7% lower at around 98.28. The USD Index opened strongly after the Federal Reserve’s (Fed) monetary policy on Wednesday, but continued to weaken as markets anticipate the upcoming economic data. The table below shows the percentage change of the US Dollar (USD) against listed major currencies today. The USD was the weakest against the Japanese Yen. | USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | | --- | --- | --- | --- | --- | --- | --- | --- | | USD | -0.32% | -0.39% | -2.61% | -0.19% | -0.59% | -0.73% | -0.84% | | EUR | 0.32% | -0.04% | -2.36% | 0.14% | -0.26% | -0.38% | -0.49% | | GBP | 0.39% | 0.04% | -2.28% | 0.17% | -0.21% | -0.34% | -0.45% | | JPY | 2.61% | 2.36% | 2.28% | 2.58% | 2.18% | 2.00% | 1.90% | | CAD | 0.19% | -0.14% | -0.17% | -2.58% | -0.41% | -0.56% | -0.65% | | AUD | 0.59% | 0.26% | 0.21% | -2.18% | 0.41% | -0.12% | -0.23% | | NZD | 0.73% | 0.38% | 0.34% | -2.00% | 0.56% | 0.12% | -0.11% | | CHF | 0.84% | 0.49% | 0.45% | -1.90% | 0.65% | 0.23% | 0.11% | 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.#fed #us_dollar_index #us_gdp #pce_inflation_data #us_bureau_of_economic_analysis
