Forex Today: Calm start to the week ahead of key events

Here is what you need to know on Monday, May 27:

The action in financial markets turns subdued at the beginning of the week. The European economic docket will feature IFO sentiment data from Germany and the US markets will remain closed in observance of the Memorial Day holiday. Later in the week, comments from central bank officials, inflation data from Germany, the Euro area and the US will be watched closely by market participants.

The US Dollar (USD) Index snapped a four-day winning streak and closed in negative territory on Friday but managed to register modest gains for the week. The USD Index fluctuates in a narrow channel below 105.00 in the European morning on Monday. Supported by the upbeat data releases from the US, the benchmark 10-year yield rose over 1% in the previous week. 

US Dollar PRICE Last 7 days

The table below shows the percentage change of US Dollar (USD) against listed major currencies last 7 days. US Dollar was the strongest against the Japanese Yen.

USD   0.18% -0.32% 0.83% 0.33% 0.79% 0.01% 0.64%
EUR -0.18%   -0.53% 0.72% 0.16% 0.65% -0.16% 0.47%
GBP 0.32% 0.53%   1.10% 0.68% 1.17% 0.36% 0.99%
JPY -0.83% -0.72% -1.10%   -0.51% -0.03% -0.79% -0.18%
CAD -0.33% -0.16% -0.68% 0.51%   0.42% -0.32% 0.31%
AUD -0.79% -0.65% -1.17% 0.03% -0.42%   -0.81% -0.19%
NZD -0.01% 0.16% -0.36% 0.79% 0.32% 0.81%   0.62%
CHF -0.64% -0.47% -0.99% 0.18% -0.31% 0.19% -0.62%  

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).

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