United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
By Sagar Dua AUD/USD is testing the 0.6420 support level after the Reserve Bank of New Zealand cut its interest rate from 3.25% to 3.00% and ahead of a similar move expected from the Reserve Bank of Australia on September 30. The RBNZ explained the decision by inflation holding near the upper end of the 1.0–3.0% target range and a slowdown in Q2 economic recovery. A week earlier, the RBA also lowered its borrowing cost from 3.85% to 3.60%. Against this backdrop, the pair may reach the support zone at 0.6420–0.6370.
By Sagar Dua During the Asian session, USD/CAD is correcting at 1.3912 as the Canadian dollar shows neutral dynamics amid macroeconomic data releases.
By Sagar Dua The USD/JPY pair trades at 148.74, supported by the strength of the U.S. dollar and under pressure from Japan’s macroeconomic statistics.
By Sagar Dua EUR/GBP is trading around 0.8647. The euro remains relatively stable and has resumed an upward trend after forming a local low, supported by resilience in the EU economy and accelerating inflation in the UK.
By Sagar Dua GBP/USD has been grinding lower this week and now trades near 1.3428 (Murray [4/8]). Pressure on sterling followed Wednesday’s July CPI: headline rose from 3.6% to 3.8% y/y and core from 3.7% to 3.8%, denting hopes for another Bank of England rate cut—especially after last month’s easing scraped through by a single vote. Markets had leaned toward a December trim; now odds of no change this year are put near 57%.
By Sagar Dua During the Asian session, EUR/USD hovered around 1.1632 after Wednesday’s Eurozone inflation update. Headline CPI eased from 0.3% to 0.0% m/m and stayed at 2.0% y/y for a second straight month, down from 2.6% a year earlier—evidence of stable price dynamics. Core CPI slipped from 0.4% to -0.2% m/m and held near 2.3% y/y.
By Sagar Dua During the Asian session, NZD/USD is trading around 0.5820, consolidating lower as the U.S. dollar strengthens and the Reserve Bank of New Zealand (RBNZ) moves ahead with another rate cut, lowering the cash rate by 25 basis points to 3.00%.
By Sagar Dua USD/JPY is pulling back in a downward correction, currently trading near 147.36, as the dollar shows choppy behavior and the yen fails to find support from mid-week macro releases. Fresh data from S&P Global brought some optimism: the manufacturing PMI jumped from 48.9 to 49.9, almost back into growth territory, while forecasts stood at 49.2. The rebound in production came as businesses started to adjust their plans to the new 15% U.S. import tariffs. The services PMI slipped from 53.6 to 52.7, but the composite index held steady, ticking up slightly from 51.6 to 51.9.
By Sagar Dua United States The U.S. dollar is under pressure against the euro and the yen, while showing mixed moves versus the pound.
By John Isige The U.S. dollar is moderately losing value today against its major peers — the euro, the pound, and the yen.
By Sagar Dua The USD/CHF pair is trading in a corrective trend, consolidating near 0.8070 as it prepares for another local upswing. The Swiss franc continues to underperform against the U.S. dollar, pressured by Washington’s decision to impose 39.0% import tariffs on Swiss goods. While Bern remains committed to dialogue in hopes of revising tariffs, the current focus of U.S. President Donald Trump is not trade policy but negotiations around resolving the Russia–Ukraine conflict.
By Sagar Dua During the Asian session, GBP/USD added in value, holding near 1.3513 after Q2 GDP data showed growth of 0.3% versus forecasts of 0.1%. In June, GDP improved from –0.1% to 0.4%. Services, including IT programming, healthcare, and vehicle leasing, were the main drivers of recovery, although business investment fell 4% since the start of the year and consumer spending remains weak. Analysts note that Q1 was supported by “front-loaded actions” from companies building inventories ahead of possible tariffs from the US Republican administration and following changes to stamp duty in real estate. Economists warn that with weak dynamics and high interest rates, Finance Minister Rachel Reeves may resort to significant tax hikes, while the CBI urges not to put the main burden on businesses.
Forex analysis helps traders figure out where a currency pair might move next and guides their trading decisions. It’s a daily tool for planning entries and exits, based on two main approaches. Fundamental analysis looks at the broader economy: growth, inflation, and especially central bank policy on interest rates. Technical analysis studies past price movements, chart patterns, and signals that tend to repeat over time. Together, these methods give traders a clearer picture of the market and improve decision-making.
