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United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
The U.S. dollar is gaining against its main peers—the euro, yen, and pound.
Last week, the USD/CAD pair resumed its decline and on Friday reached four-week lows around 1.3726: the weakening of the U.S. dollar was linked to growing uncertainty over the Federal Reserve’s next steps.
The U.S. dollar is weakening against the euro and the pound, while showing mixed performance versus the yen.
In the forex market, the EUR/USD pair is rising in the Asian session, extending last week’s bullish momentum as the U.S. dollar comes under pressure from expectations of lower borrowing costs by the Federal Reserve. According to CME Group’s FedWatch Tool, there is an 80.0% probability of a 25 bp cut at the September 17 meeting. The Fed could cut two more times by the end of 2025 and by a total of 125 bp by September 2026.
The Australian dollar is showing mixed momentum against the U.S. dollar in the Asian session, refreshing local highs from August 14. Trading remains cautious with U.S. markets closed for Labor Day, while attention stays on data from Australia and China. The S&P Global Australia Manufacturing PMI rose from 52.9 to 53.0 in August. Building permits fell 8.2% m/m in July after a 12.2% increase the prior month, and slowed from 27.4% to 6.6% y/y. On Wednesday at 03:30 (GMT+2), Q2 GDP for Australia is due; markets forecast an acceleration from 0.2% to 0.5% q/q. In China, the manufacturing PMI improved from 49.5 to 50.5. Over the weekend, the National Bureau of Statistics (NBS) reported its own readings: manufacturing rose from 49.3 to 49.4 (vs. 49.5 expected) and services/construction ticked up from 50.1 to 50.3.
The U.S. dollar is once again trading mixed against the Japanese yen, attempting to hold above the psychological level of 147.00. The pair remains under pressure from expectations that the Federal Reserve will continue cutting borrowing costs. On September 17, investors anticipate a 25-basis-point rate cut with around an 80% probability, amid relatively stable consumer inflation and signs of a slowing U.S. economy.
This week, the USD/CAD pair lost 0.56%, dropping to 1.3755 amid positive Canadian data and rising oil prices.
The USD/CHF pair is trading in a corrective trend at 0.8025 amid weak data on the Swiss economy in Q2
During the Asian session, the AUD/USD pair is correcting within an upward trend at 0.6538, supported by the weakening US dollar and positive macroeconomic statistics from Australia.
During the Asian session, the GBP/USD pair is correcting around 1.3500. The pound is holding at the levels of the beginning of the week only thanks to the negative trend of the US dollar, while there are no fundamental reasons for its volatile fluctuations.
The U.S. dollar is losing value on the forex market against major competitors — the yen, the euro, and the pound. Today’s forex forecast and weekly outlook are focused on macroeconomic data and central bank signals.
Since the beginning of the month, the USD/CHF pair has been trading within a sideways range of 0.8118–0.7996 (Murray levels [7/8]–[3/8]), approaching its lower boundary amid growing uncertainty regarding the Federal Reserve’s next steps.
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.