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
13
August
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By Sagar Dua - 497
With the U.S. dollar easing, EUR/USD is trading around 1.1684. The euro is starting the week on a positive footing even as the macro flow is mixed. The headline backdrop also includes an EIA projection that Brent crude prices could slip below $50, a potential cross-asset drag on inflation expectations.
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By Sagar Dua
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Brent crude futures continue to trade in a local downtrend around $65.70, extending a corrective move after the U.S. Energy Information Administration (EIA) issued a bearish market outlook. The agency’s latest report projects a notable drop in oil prices in the near term
12
August
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By Sagar Dua
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WTI crude oil prices are testing support at 64.50 ahead of Friday’s talks between U.S. and Russian officials on resolving the Russia–Ukraine conflict.
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By Sagar Dua
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Since late last month, USD/CHF has been attempting to move higher and is now testing 0.8118 (Murray [5/8] level). The U.S. dollar is supported by President Donald Trump’s decision to extend the U.S.–China “trade truce” for another 90 days, until mid-November. During this period, reduced tariffs will remain in place — around 30.0% on Chinese imports and 10.0% on U.S. goods — while negotiations continue. This extension temporarily reduces the risk of a sharp escalation between the world’s two largest economies and the potential for a global downturn, reviving investor appetite for the dollar.
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By Sagar Dua
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During the Asian session, USD/CAD is holding near 1.3774, supported by the U.S. dollar’s positive momentum.
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By Sagar Dua
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USD/JPY is holding near 148.41, weighed down by the Japanese government’s revised economic outlook. Officials have lowered their FY2025 real GDP growth forecast from 1.2% to 0.7%, citing the impact of U.S. trade policy and accelerating inflation.
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By Sagar Dua
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United States. The U.S. dollar is losing ground against the euro and the pound but showing mixed dynamics versus the yen.
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By Sagar Dua
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Bank of America Corp. shares are trading in a corrective trend around the 46.00 mark.
11
August
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By Sagar Dua
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AUD/USD is retracing higher within an uptrend as the U.S. dollar weakens, trading around 0.6524 during the Asian session.
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By Sagar Dua
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Snapshot: The U.S. dollar strengthens against the euro, the pound and the yen as investors focus on trade tensions, central-bank paths and key data ahead.
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By Sagar Dua
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USD/JPY is easing within a broader uptrend, trading near 147.48 during the Asian session. The yen is moving sideways amid a local holiday (Mountain Day) that thinned liquidity.
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