The Swiss franc appreciated against the U.S. dollar on Thursday, ending a three‑day decline. The USD/CHF pair eased to about 0.8136, having failed to surpass its yearly peak near 0.8152.
The franc is attracting modest buying interest as the dollar retraces a portion of its recent gains, even amid heightened concerns over a possible extended U.S.-Iran conflict. At the time of writing, the Dollar Index (DXY) slipped 0.13% to around 101.00.
US Dollar Price Today
The table below shows today’s percentage changes for the U.S. dollar against a set of major currencies. The dollar posted the smallest decline against the Australian dollar.
USDEURGBPJPYCADAUDNZDCHFUSD-0.12%-0.10%-0.05%-0.15%-0.26%0.00%-0.10%EUR0.12%0.03%0.09%-0. 04%-0.14%0.14%0.02%GBP0.10%-0.03%0.04%-0.08%-0.17%0.11%-0.01%JPY0.05%-0.09%-0.04%-0.11%-0 .22%0.05%-0.06%CAD0.15%0.04%0.08%0.11%-0.12%0.16%0.04%AUD0.26%0.14%0.17%0.22%0.12%0.28%0. 18%NZD-0.00%-0.14%-0.11%-0.05%-0.16%-0.28%-0.13%CHF0.10%-0.02%0.01%0.06%-0.04%-0.18%0.13%
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).
Oil prices have been climbing steadily amid growing concerns over Middle‑East supply disruptions, introducing further uncertainty for the Federal Reserve’s monetary policy outlook, even as U.S. inflation pressures eased in June.
During the Asian session, U.S. Central Command (CENTCOM) announced via X that it had completed its twelfth round of strikes against Iran.
Earlier, Iran warned that any aggression against its infrastructure would trigger a decisive response. The statement came after U.S. President Donald Trump said the United States would destroy a bridge or power plant in Iran if Iran were to attack a vessel transiting the Strait of Hormuz.
Looking ahead, the next major catalyst for the dollar will be the Federal Reserve’s upcoming monetary policy announcement, in which the central bank is expected to keep interest rates unchanged.
US Dollar FAQs
The U.S. dollar is the official currency of the United States and serves as the de‑facto currency for several other nations. It accounts for over 88% of daily global foreign‑exchange turnover, amounting to roughly $6.6 trillion in 2022. After World War II, the dollar replaced the British pound as the world’s primary reserve currency. Historically, the dollar was backed by gold until the 1971 end of the Bretton Woods system.
The primary driver of the dollar’s value is monetary policy set by the Federal Reserve. The Fed aims to maintain price stability (targeting a 2% inflation rate) and promote full employment. When inflation exceeds the target, the Fed raises interest rates, which tends to strengthen the dollar; when inflation is below the target or unemployment is high, it may lower rates, which can weaken the currency.
In extraordinary circumstances, the Fed can expand the money supply through quantitative easing (QE). QE involves purchasing large volumes of government bonds to inject liquidity into the financial system. While effective in combating credit crunches—such as during the 2008 crisis—QE typically puts downward pressure on the dollar.
Quantitative tightening (QT) is the opposite of QE. The Fed ceases to reinvest proceeds from maturing bonds and stops purchasing new ones, which generally supports a stronger dollar.