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
17
July
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By Sagar Dua - 452
The USD/JPY pair is trading near 148.60 this week, hovering at its highest levels since May as traders react to renewed hawkish rhetoric from the White House and shifting expectations for US monetary policy. President Donald Trump’s recent pledge to impose 10–15% import tariffs on products from 150 countries has lent notable strength to the dollar, which has gained 0.82% on the USDX over the past week. In the medium term, these developments could drive the pair toward the March high of 151.18.
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By Sagar Dua
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The British pound is under moderate pressure against the US dollar during the morning session, with GBP/USD testing the 1.3390 level for a downside break. This comes as traders digest the latest UK labor market data alongside a fresh surge in inflation that complicates the Bank of England’s policy outlook.
16
July
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By Sagar Dua
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United States: Dollar Retreats Amid Policy Uncertainty
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By Sagar Dua
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The GBP/USD pair is consolidating near 1.3393, reflecting the recent upward momentum of the U.S. dollar as global markets adjust to a flurry of policy changes and trade agreements on both sides of the Atlantic.
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By Sagar Dua
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The EUR USD pair is trading near 1.1616, edging lower during the Asian session despite a backdrop of generally upbeat macroeconomic releases from the eurozone. Market volatility persists as investors digest recent inflation figures and economic sentiment data, both in Europe and the United States.
15
July
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By Sagar Dua
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On July 15, forex markets remain under pressure from escalating geopolitical tensions and aggressive US trade policy. President Donald Trump has announced 100% tariffs on Russian goods, as well as on imports from countries that maintain trade relations with Russia—namely China and India—unless a resolution to the Ukraine conflict is reached within 50 days.
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By Sagar Dua
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The USD/JPY currency pair continued its upward trajectory during the Asian session on July 15, climbing toward the local highs recorded on June 23 near 147.60. Market activity remains subdued, as traders await key inflation data from the United States, which could set the tone for the dollar’s trajectory this week.
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By Sagar Dua
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Forex EUR/USD: Euro Stable as Markets Await Industrial Data and US Inflation
14
July
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By Sagar Dua
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The USD/CAD pair shows a moderate correction around 1.3698 during today's Asian session following Canada's robust labor market data released last Friday.
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By Sagar Dua
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The global currency markets and oil prices remain sensitive to recent US trade policy developments, especially following President Trump's announcement of significant tariff hikes on goods from the EU and Mexico. Over the weekend, tariffs were increased by 30%, directly impacting economies supplying nearly a third of America's imports, totaling around $988 billion in 2022.
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By Sagar Dua
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The USD/JPY pair maintains its bullish momentum during the Asian session on July 14, hovering around 147.40. The yen continues to struggle amid looming US tariff increases, with President Donald Trump recently suggesting tariffs of up to 25% on Japanese imports if a bilateral agreement remains unsigned by August 1. Market participants broadly expect negotiations to stall, exacerbating Japan’s debt burden, currently at an unprecedented 250% of GDP, the highest among developed nations.
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