Forex Market Review: Dollar Firms, German Ifo Rises
United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
The USD/CHF pair is trading in a corrective trend near 0.8047, preparing to extend growth following the latest inflation data.
The USD/JPY pair is correcting within an uptrend around 148.21, supported by the positive performance of the U.S. dollar.
The euro is trading flat against the U.S. dollar in the Asian session, holding near 1.1660 as market activity remains subdued ahead of the release of August U.S. labor market data at 14:30 (GMT+2).
During the Asian session, the Dow Jones index continued yesterday’s bullish momentum, regaining earlier losses on the back of supportive macroeconomic data.
The New Zealand dollar is gaining against the US dollar during the Asian session, correcting after a sharp decline the day before. The pair is testing the 0.5865 level for an upside breakout, while overall market activity remains subdued.
The euro is trading flat against the US dollar during the Asian session, holding near 1.1660 as market activity remains subdued ahead of key US labor market data due at 14:30 (GMT+2).
The U.S. dollar is gaining against major peers—the yen, euro, and pound.
The U.S. dollar is trading higher against the yen in Thursday’s Asian session, consolidating near the 148.00 level. Market activity remains subdued as traders await key U.S. labor market reports.
The British pound is weakening against the U.S. dollar in Thursday’s morning session, holding a modest bullish bias after yesterday’s corrective pullback. The pair is testing the 1.3430 level for an upside breakout but has yet to recover losses from Tuesday, when it hit lows last seen on August 6.
The euro shows mixed dynamics in the EUR/USD pair during the Asian session, consolidating around 1.1650 as the instrument stabilizes ahead of key macroeconomic data from the eurozone.
The US dollar is strengthening against the yen but weakening against the euro and the pound.
XAU/USD is holding above support at 3530.0, refreshing its yearly peak at 3500.0 after a U.S. appeals court ruled most import tariffs introduced by the White House unlawful. Although the decision can be appealed until October 14, it highlights rising public discontent with President Donald Trump’s policies, prompting investors to turn to gold as a safe-haven asset.
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