The currency market showed a mixed trend on Tuesday, May 12, with the U.S. dollar strengthening against the Indian rupee, Japanese yen and Singapore dollar, while slipping slightly against the Chinese yuan. The Australian dollar and New Zealand dollar also traded lower against the U.S. dollar.
The USD/INR pair was trading at 95.6, up 0.29 or 0.304%, indicating weakness in the Indian rupee against the U.S. dollar. The USD/JPY pair also moved higher to 157.57, gaining 0.41 or 0.26%, while USD/SGD rose 0.002 or 0.181% to 1.271.
The EUR/JPY pair traded higher at 185.26, up 0.09 or 0.05%, showing mild strength in the euro against the Japanese yen. Meanwhile, USD/HKD was nearly flat at 7.828, slipping marginally by 0.001%.
On the downside, USD/CNY slipped 0.002 or 0.028% to 6.793, indicating slight strength in the Chinese yuan against the U.S. dollar. The AUD/USD pair declined 0.002 or 0.262% to 0.723, while NZD/USD fell 0.001 or 0.151% to 0.595.
| Currency pair | Price | Change | % Change |
|---|---|---|---|
| USD/SGD | 1.271 | +0.002 | +0.181% |
| USD/CNY | 6.793 | -0.002 | -0.028% |
| AUD/USD | 0.723 | -0.002 | -0.262% |
| USD/INR | 95.6 | +0.29 | +0.304% |
| NZD/USD | 0.595 | -0.001 | -0.151% |
| USD/JPY | 157.57 | +0.41 | +0.26% |
| USD/HKD | 7.828 | -0 | -0.001% |
| EUR/JPY | 185.26 | +0.09 | +0.05% |
Overall, the U.S. dollar traded stronger against several Asian currencies on Tuesday, May 12, with notable gains against the Indian rupee and Japanese yen. However, the greenback saw mild weakness against the Chinese yuan, while the Australian dollar and New Zealand dollar remained under pressure.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Currency market movements are subject to market risks and global economic factors. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.