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.
The European currency is gaining against the US dollar in the EUR/USD pair, trading near 1.1667 and extending the strong bullish impulse from the previous session. The dollar remains under pressure amid a lack of new price drivers, while investors are seeking alternatives to the US currency against the backdrop of renewed risks of “tariff wars” between the US and the EU.
EUR/USD. The European currency is gaining ground against the US dollar, trading near 1.1667 and extending the strong bullish momentum from the previous session. The dollar remains under pressure amid a lack of new directional drivers, while investors are seeking alternatives to the US currency due to the risk of renewed “tariff wars” between the US and the EU.
Shares of The Home Depot Inc., which operates a large home improvement retail chain, remain in a corrective trend, holding near the 380.00 level.
The US dollar is losing ground against the Japanese yen in USD/JPY, attempting to consolidate below the psychological 158.00 level and pulling back from the record highs set on July 11, 2024, which were renewed late last week.
The XAU/USD pair continues its steady advance within a long-term bullish trend, posting fresh all-time highs.
The benchmark US equity index S&P 500 is correcting near the 6,876.0 level, with today’s session opening with a fairly wide price gap.
EUR/USD. The European currency is gaining ground against the US dollar, correcting after last week’s bearish impulse. The pair is testing the 1.1630 level on a potential upside breakout, rebounding from local lows seen on November 28.
EUR/USD The euro is showing modest gains during the Asian session, preparing to end the week at fresh local lows since early December while markets await December inflation data from Germany and Italy, scheduled for release today at 09:00 (GMT+2) and 11:00 (GMT+2), respectively.
United States. The US dollar is moderately strengthening against its main counterparts—the euro, the pound, and the yen.
EUR/USD. The EUR/USD pair has been extending its downward move for a fourth consecutive week and is currently holding near 1.1630.
EUR/USD. The European currency shows a slight decline during the Asian session, consolidating near the 1.1635 level, as market activity remains fairly subdued amid a lack of fresh drivers for price movement.
Prospects for strengthening of the Japanese currency appear limited, despite the high level of public support for the new Prime Minister Sanae Takaichi.
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