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.
Markets
3
September
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By Sagar Dua - 403
The GBP/USD pair is trading at 1.3369 as the U.S. dollar strengthens.
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By Sagar Dua
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EUR/USD remains in a corrective downtrend amid renewed U.S. dollar strength, holding around 1.1627.
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By Sagar Dua
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USD/JPY gained 1.27% over the week, testing resistance at 148.85 as the U.S. dollar extended its advance. Momentum is supported by expectations for Friday’s U.S. nonfarm payrolls (14:30 GMT+2), projected to rise from 73k to 74k, which could push the dollar index (USDX) toward resistance at 100.65–99.15.
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By Sagar Dua
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The euro forex weakens against the U.S. dollar, testing 1.1630 on downside momentum. Traders await eurozone PMI (10:00 GMT+2) and PPI (11:00 GMT+2), with forecasts pointing to a slowdown. Recent inflation data surprised to the upside at 2.3% y/y. The ECB has nearly completed its easing cycle, with markets pricing only one more 25 bp cut by year-end. Retail sales due Thursday are expected weaker. Meanwhile, USD strength is capped by Fed cut expectations, with a 92% chance of a 25 bp move at the September 17 FOMC.
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By Sagar Dua
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During the Asian session, the U.S. Dollar Index (USDX), which tracks the greenback against a basket of major currencies, consolidated near yesterday’s highs. Market sentiment remains neutral as traders await key U.S. macro data that will shape the Federal Reserve’s policy path at the September 17 FOMC meeting.
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By Sagar Dua
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The U.S. dollar shows mixed trade versus the Swiss franc, consolidating near 0.8050 in early dealings. Activity remains subdued as traders wait for fresh U.S. catalysts. Later today (20:00 GMT+2), the Fed’s Beige Book will give a regional read on business conditions ahead of the September 17 FOMC. CME FedWatch implies ~92% odds of a 25 bp cut; cumulative easing by September 2026 is priced near –125 bp, barring upside surprises in the data.
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By Sagar Dua
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The U.S. dollar continues to gain ground against the Canadian dollar, pushing higher during the morning session and testing the 1.3800 mark. The bullish momentum, which began earlier this week, picked up pace on Tuesday as global bond yields strengthened, supporting demand for the greenback.
2
September
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By Sagar Dua
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The U.S. dollar is gaining against its main peers—the euro, yen, and pound.
1
September
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By Sagar Dua
- 404
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.
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By Sagar Dua
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Brent crude oil prices are correcting in a downward trend, trading slightly above the 67.00 mark.
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By Sagar Dua
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Cisco Systems Inc., the American manufacturer and supplier of networking equipment for major corporations and telecommunications firms, is trading around 69.00.
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By John Isige - 394
The U.S. dollar is weakening against the euro and the pound, while showing mixed performance versus the yen.
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