Dollar Slips and Oil Falls as Markets Reprice Fed and Iran Risks
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
Amid the weakening of the U.S. dollar, the EUR/USD pair is holding near the 1.1862 level, supported by macroeconomic data from the European Union.
EUR/USD The euro is showing moderate growth against the US dollar, attempting to consolidate above the 1.1860 level after opening the new week with a noticeable upward gap.
United States. The US dollar is strengthening against the euro, weakening versus the pound, and showing mixed dynamics in the pair with the yen.
EUR/USD. The European currency is gaining against the US dollar, preparing to end the week near fresh local highs. The pair returned to growth in Thursday’s trading, despite a corrective pullback formed on Wednesday, as investors and forex traders reacted positively to a partial easing of global tensions.
This week, the EUR/USD pair reached four-week highs near 1.1770, but is currently correcting lower amid the de-escalation of the trade conflict between the United States and the European Union.
United States of America. The U.S. dollar is losing value against the euro, strengthening against the yen, and showing mixed dynamics against the British pound.
EUR/USD. The euro is gaining ground against the US dollar, maintaining the bullish momentum of recent days that briefly allowed the single currency to refresh local highs, although the macroeconomic backdrop remains mixed. Investors continue to be deeply concerned about rising geopolitical uncertainty, which many observers see as a harbinger of a broader shift in the global order.
European equity indices continue their corrective move, reflecting market reaction to a potential increase in US import tariffs on EU goods to 10.0% from February 1. Against this backdrop, CAC 40 is trading near 8065.0.
The EUR/USD pair is trading in a corrective trend near the 1.1715 level, supported by stable macroeconomic data from the European Union.
EUR/USD. The European currency is losing ground against the US dollar, correcting after the strong bullish impulse formed at the beginning of the current week. The pair is testing the 1.1715 level for a downside breakout, remaining close to the local highs recorded on December 30. Demand for the single currency continues to increase amid further deterioration in relations between the United States and European countries.
During the Asian session, USD/CAD is trading around 1.3848. The Canadian dollar remains broadly neutral amid a lack of positive shifts in macroeconomic data at the start of the year.
During the morning session, GBP/USD is correcting near 1.3441. The pound retains upside potential amid steady housing-market data from Rightmove Group Ltd., pointing to a recovery in the sector.
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