Macro Ticker
1 week ago

FX Daily: June 3, 2024 - Currency Markets Witness Mixed Movements

Daily update from the foreign exchange market.

BRL/USD Shows Slight Uptick

The Brazilian Real (BRL) is experiencing a minor appreciation against the US Dollar (USD), trading at 0.1906, up by 0.000014, or 0.0076%. This subtle rise reflects cautious optimism surrounding Brazil’s economic policies and a stable commodity market.

CNY/JPY Drops Significantly

The Chinese Yuan (CNY) has seen a notable decline against the Japanese Yen (JPY), trading at 21.6558, down by 0.4598, or 2.08%. This significant drop is attributed to recent economic data from China showing a slowdown in manufacturing activity, prompting concerns over economic growth.

CNY/USD Declines

Against the US Dollar, the Chinese Yuan is trading lower at 0.1380, down by 0.0027, or 1.92%. The weakening of the Yuan reflects ongoing trade tensions and investor concerns over China's economic outlook.

EUR/CHF Sees Modest Decrease

The Euro (EUR) is slightly down against the Swiss Franc (CHF), trading at 0.9767, a decrease of 0.0016, or 0.17%. The slight dip indicates investor caution amidst mixed economic signals from the Eurozone.

EUR/CNY Edges Lower

The Euro is also experiencing a small decline against the Chinese Yuan, trading at 7.8443, down by 0.0151, or 0.19%. This movement reflects broader trends of Eurozone uncertainty and strength in the Yuan despite overall volatility.


The Euro against the US Dollar is trading at 1.0832, marking a decline of 0.0021, or 0.19%. The dip is influenced by recent US economic data showing resilience, which supports the Dollar’s strength against major currencies.


The British Pound (GBP) has fallen against the US Dollar, trading at 1.2700, down by 0.0044, or 0.34%. This decline is driven by concerns over the UK’s economic outlook, including issues related to inflation and political uncertainty.

JPY/USD Slightly Up

The Japanese Yen is experiencing a minor rise against the US Dollar, trading at 0.0064, up by 0.0000098, or 0.15%. The Yen's slight appreciation reflects a safe-haven appeal amidst global market uncertainties


Today's forex market movements indicate a mixed landscape. While the Brazilian Real and Japanese Yen show slight gains against the US Dollar, major currencies like the Euro and British Pound are experiencing declines. The Chinese Yuan’s significant drops against both the Yen and Dollar highlight ongoing concerns over China's economic health. As traders navigate these shifts, focus will remain on economic data releases and geopolitical developments that could further influence currency valuations.


The information provided by this Site is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.

More News

3 hours ago Federal Reserve Sees Progress on Inflation, Adjusts Rate Cut Expectations The Federal Reserve has adjusted its forecast for rate cuts this year, citing persistent inflation despite recent progress. High borrowing costs are expected to linger, impacting consumers and the broader economy.
5 hours ago Bitcoin Holds Steady as Fed Maintains Interest Rates: A Sign of Economic Caution In a cautious move, the U.S. Federal Reserve opted to keep interest rates unchanged, causing Bitcoin to hold its ground. Read more about the economic implications and market responses here: "The Committee judges that the risks to achieving its employment and inflation goals have moved toward better balance over the past year."
7 hours ago High-Stakes Showdown: Tesla Shareholders Decide on Elon Musk’s $56B Pay Package Tesla shareholders are set to cast their votes on Elon Musk's controversial $56 billion compensation package, a decision that could have far-reaching consequences for the company.
11 hours ago USDMXN: A Golden Opportunity USDMXN: A Golden Opportunity Amid Mexican Election Sell-Off, Says Steno Research Analyst
1 day ago EU's New Tariffs on Chinese EVs Hit Tesla and BYD Stocks! Tesla (TSLA) and BYD (1211) Stocks Plummet After EU Tariff Announcement
1 day ago Macro Mondays: Escaping the TRAP of Sideways Markets Andreas Steno, Mikkel Rosenvold And Mads Eberhardt talk macro and crypto
1 day ago EU launches trade war with China In a bold move that has sent ripples through global markets, the European Union has effectively launched a trade war against China. This decision, announced just three days after the European Parliament elections, raises significant questions about the influence and timing of the EU’s legislative body.
1 day ago July Bloodbath: Metals Set for Major Crash? Brace yourselves for a tumultuous July in the metals market! Industry experts are sounding the alarm as cluster risks in metals like gold, silver, and copper threaten a significant downturn. Here's why July could spell disaster for metal investors.
1 day ago 5 Stories To Invest in for Emerging Markets 5 Stories that might interest you if you're into investing in Emerging Markets